$PIXEL Will Launch on Binance Launchpool

2023 was a landmark year for Pixels as we became one of the largest web3 games by DAU, which surpassed 180K. Our explosive growth can be attributed to two core factors: our community and our migration to Ronin, Sky Mavis’ proprietary blockchain. Behind every successful web3 game is a thriving, engaged, and passionate community. We started with a core, devoted community that has only expanded as Pixels was introduced to the players in the Ronin ecosystem.

In 2024, Pixels is stepping into its next chapter of growth fueled by the listing of $PIXEL on Binance. $PIXEL is set to enable strong gameplay while supporting a robust ecosystem. We are building upon a strong foundation created alongside our community and we are excited to continue to make web3 a better place for all gamers.

Evolution of Tokenomics

For any web3 game to achieve long-term success, sustainability must always be prioritized.

We aim to combine good game design, lessons from the leading web2 games, and what’s working from the top web3 games into delivering what we believe to be a long-term and sustainable economy for our game.

We have evolved how we think about our tokens in-game and have made the strategic decision to focus on $PIXEL and to phase out $BERRY. All $BERRY holders will be rewarded with $PIXEL, with the reward proportionate to the amount of $BERRY owned.

Why This Approach?

Currently, $BERRY experiences a daily inflation rate of approximately 2%. Although Chapter 2 will address complications arising from this inflationary model, we have opted to implement early measures to sustain the economy. This move allows us to build a more sustainable ecosystem and positions us for a stronger future, without the challenges associated with managing a soft currency on-chain.

$BERRY, as a soft currency, poses challenges in managing within a live player base and economy. Most MMOs struggle with balancing an inflationary economy, and Web3 technology exacerbates the issue by enabling farmers to grind harder and sell their earnings more easily.

Addressing numerous issues, Chapter 2 aims to safeguard $PIXEL from similar abuses. Players must strategize, collaborate, and complete tasks at random intervals to earn tokens. To maintain a fair playing field, $BERRY will be replaced with an off-chain coin, effective immediately.

We intend to reduce sell-pressure by implementing measures that limit its ease of sale on the market or decentralized exchange (DEX) for the off-chain coin. This strategy also addresses regulatory concerns related to money-transmitting licenses, ensuring continued user participation in core gameplay loops, especially in regions like the US and UK. And, by concentrating on a single currency, we aim to streamline the project’s economic model, enhancing overall efficiency and player experience.

Next Steps for $BERRY Holders

To be as fair to the community as possible, we are committed to rewarding $BERRY holders with $PIXEL, with the reward proportionate to the amount of $BERRY owned. This will be done in-game but will reflect both on-chain and off-chain balances of $BERRY.

$BERRY will be substituted in game with a new off-chain currency: coins. Players will subsequently have the chance to exchange $PIXEL for coins, gaining a gameplay advantage.

• I have $BERRY in-game already: Great! You’ll receive $PIXEL automatically.
• I have $BERRY outside the game: Open the Pixels Dashboard, and navigate to the exchange page. Here, you can exchange your $BERRY for $PIXEL.

We will exchange $PIXEL for 1000 $BERRY for 7.6175 $PIXEL initially.

The reward will be proportionate to the value of $BERRY owned. However, if you’re part of that second group, you’re going to want to act quickly. The sooner you convert $BERRY to $PIXEL, the better the conversion rate will be.

Final Thoughts

With the listing on Binance and the sunset of $BERRY to create a sustainable ecosystem, we are confident that Pixels’ best days are ahead. At Pixels, our ethos has always been and will always be to build with, and for, the community. We’ve been building in public for two years and that won’t change. This approach and our continued focus on transparency at all costs is a large part of why we’re here now. Community is our strength and one of the most fun parts of being involved in Pixels. As we enter this new era, our community can look forward to better gaming experiences and a more resilient digital currency infrastructure.