What Is Pixel? Pixel Price Prediction - Should I Invest In?

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15 Feb 2024

KEY TAKEAWAY

Pixel is a farm game designed with a pixel interface combined with adventure elements and deployed on the Ronin blockchain. It is a free-to-play game suitable for players of all ages.
Farming is the main activity in the game to collect resources. Additionally, there are other activities such as woodcutting, beekeeping, mining, etc.
The game utilizes a dual-token system, namely BERRY, and PIXEL, each with different characteristics and applications.

1. WHAT IS PIXEL?

What is Pixel? This is an NFT role-playing farm game with adventure elements developed on the Ronin blockchain - a blockchain developed by Sky Mavis. The game graphics are designed in pixel form. Players, upon joining, need to collect resources, upgrade farming abilities, and connect with other players like a small society.
The game offers a variety of activities to provide an enjoyable and engaging experience through simple gameplay suitable for various audiences. Additionally, you can earn money by participating in platform-built activities.

What is Pixel? | Source: pixels.xyz

2. WHAT ARE THE PIXEL’S ACTIVITIES?

The main activity of the game will revolve around farming on the player's land to collect resources. Not stopping there, players also have to engage in a variety of activities including adventures, resource management, and interaction with other players.

Planting and processing raw materials: When starting, you need to perform activities such as planting crops, harvesting, and processing raw materials. For example, you can plant and harvest wood to craft into other products.
Buying, selling, and managing land: In the Pixel game, there are three types of land: specks, rented lands, and owned lands. Players can make decisions to own land for farming and cultivation.
Completing tasks: To unlock additional features in the game, players need to complete tasks such as connecting with neighbors and participating in communities.
Collecting resources: When playing the game, players need to collect as many resources as possible such as crops, goods, water, stone, and metal through mining activities.
Upgrading skills: To gather more resources, you need to upgrade skills such as cooking, woodworking, and metalworking. These skills can be upgraded by completing required tasks.

3. THE ECONOMIC MODEL IN PIXEL

The economic model in Pixel consists of two main components: tokenization of resources and land management. Tokens in the game include BERRY and PIXEL, which are two types of in-game currencies used for various purposes:

BERRY: Earned through selling resources at the store and used to purchase items in the game, unlock skills, complete tasks, etc.
PIXEL: Used for purposes such as purchasing new land, advancing construction progress, restoring energy, upgrading items, etc.

In addition to the two types of tokens in the game, there are three main types of land that you need to pay attention to because each type has its advantages and disadvantages:

Specks: Free land provided to players for basic agricultural activities.
Rented Lands: Land rented from others, but cultivation yields higher productivity.
Owned Lands: There are two variants: small owned NFT and large owned NFT, providing large space and the highest productivity.

Pixel model platform | Source: pixels.xyz

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4. HOW TO JOIN THE PIXEL GAME?

To participate in the Pixel game, you can register with your phone number, MetaMask, or Ronin wallet. To simplify, you can register a Ronin electronic wallet and follow these steps:

Step 1: Visit the link https://www.pixels.xyz and select "Play for free," then connect to your Ronin wallet using the link that appears on the screen.

Click the “Play for free” button to join the game | Source: pixels.xyz

Step 2: Choose "Create New Account" to confirm your account registration.

Click “Create New Account” | Source: pixels.xyz

Step 3: Set a name for your character and click "Continue."

Enter your name or nickname | Source: pixels.xyz

Step 4: Select "World" and then click "Start."

After successfully logging in, you will be guided by a character named Barney on how to farm, use items, and navigate the functions in the game. Your first task is to plant crops. After harvesting, you will receive Poberry and be taken to the land marketplace.

5. WHAT IS PIXEL TOKEN?

Pixel has a system consisting of two types of tokens: BERRY and PIXEL. The total supply of the BERRY token is not fixed and will depend on the project's development speed. Meanwhile, the PIXEL token will be listed on the Binance Launchpool on February 19, 2024. The farming period of Pixel Binance Launchpool will last for 10 days.

5.1 PIXEL Token Price

What is Pixel value? The Pixel farm game project will be listed on Binance Launchpool on February 19, 2024. Therefore, Pixel price may be very attractive once listed. Klarda App will update Pixel prices in the fastest and most accurate way.

5.2 PIXEL Tokenomics

Some general information about the PIXEL token is as follows:

Token name: Pixels
Ticket: PIXEL
Blockchain: Ronin
Contract: Updating…
Total Supply: 5.000.000.000 PIXEL
Circulating Supply: Updating...

5.3 PIXEL Token Use Case

The PIXEL token is used for:

Minting new Land and upgrading pets
Accelerating construction speed
Buying and selling in-game items
Restoring lost energy
Unlocking new experiences and skills
Unlocking new designs

5.4 PIXEL Token Allocation

The PIXEL token allocation is as follows:

Ecosystem: 34% (Linear vesting over 5 years).
Treasury: 17% (Linear vesting over 4 years).
Seed round: 9.6% (Locked for 1 year, then linear vesting over 36 months).
Private round: 4.4% (Locked for 1 year, then linear vesting over 36 months).
Binance Launchpool: 7% (Unlocked 100% at Token Generation Event).
Development team: 12.5% (Locked for 1 year, then linear vesting over 36 months).
Advisors: 9.5% (75 million tokens unlocked at Token Generation Event, remaining portion linear vesting over 48 months).
Pixel Token Airdrop: 5% (Unlocked 100% at Token Generation Event).
Liquidity: 1% (Unlocked 100% at TGE).

6. DEVELOPMENT ROADMAP

Recently, Pixel announced the project's development roadmap starting from the first quarter of 2024 as follows:

1/2024: Launching Chapter 2, PIXEL token, introducing Guild feature, and adding pet minting feature.
2/2024: Launching Chapter 3, combat feature, Realm feature, and updating Lands with potential disputes.
3/2024: Launching Chapter 4 with farm upgrading and automation feature.
4/2024: Launching Chapter 5 with creative question addition and exploration feature.

7. THE DEVELOPMENT TEAM

The Pixel development team consists of experienced members in game and blockchain development:

Luke Barwikowski: Founder of Pixels, started coding at the age of 12 and successfully built an app at the age of 18.
Benjamin Exworthy: Lead Designer of Pixels, also Co-founder of GameHouse.
Heidi Christine: Head of Community of Pixels.

Additionally, many other team members are contributing to the project's development.

The development team of Pixel | Source: pixels.xyz

7. FAQS

If you're new to learning about the Pixel game, here are some frequently asked questions for your reference:

7.1 Pixel Token Price Prediction

Updating...

7.2 Is Pixel Free To Play?

Yes, Pixel itself is free to play. You can access the game and its core features without any initial financial investment.

7.3 Should I Invest In Pixel?

This is a difficult question to answer with a simple yes or no because investing depends on your goals and risk tolerance. The cryptocurrency market is highly volatile, so the price of PIXEL can fluctuate significantly, carrying inherent risks.
For long-term investment, you need to thoroughly research Pixel, and consider factors such as the project's development roadmap, the development team, and related partners. You should conduct your research and make investment decisions that are suitable for you.
Newcomers to GameFi should know what is Pixel. This is a project with great potential in the blockchain gaming industry. However, investing in Pixel also carries many risks. Therefore, you need to thoroughly research and consider these factors before making any investment decisions.