The Pixels & $PXL — what’s next?
As you know, The Pixels, a favorite game of many (with over 3 million players), is designed for multiple seasons. We are gradually approaching the end of the first season, which lasted a full 10 weeks. In this article, we want to discuss what lies ahead for the game and the $PXL token.
The Game and Future Plans
On May 18 (Friday), Week #10 ends, which means a snapshot will be taken to conclude the first season in the One Million Pixels collection. However, considering various factors, including the explosive growth of the game, we decided to provide our players with two special weeks during which they can continue coloring the canvas and having fun. Meanwhile, we will prepare for the $PXL listing and work on a few more exciting collaborations!
Bonus Week #11
As promised, we will conduct exactly ten snapshots, but players can continue earning $PXL by coloring the canvas from May 17 to May 24. This will be a bonus week for our players ❤️❤️❤️
The rules will remain the same, except that no snapshot will be taken for the One Million Pixels collection during this period. However, we might check in on the board to tidy up and refresh the art!
Special Week #12
Starting May 24, immediately after the bonus week, we will have Special Week #12. During this time, players will need to use $PXL to color pixels. The result of this special week will be a unique canvas that will be presented separately on GetGems (not as part of the One Million Pixels collection). This special week offers a great opportunity to showcase your creativity. Even if you’re alone, you can still succeed! Spend $PXL, otherwise why have we been saving it?
NFT Boards
The sale of 10 paintings from the 10 weeks of The Pixels will start on May 23 and will last for 14 days. The highest bids for each painting will be accepted on June 6 (Thursday) at 11 UTC. Within a week after this, the reward for every user will be available for claim in the game, proportional to each player’s share of colored pixels in the snapshots.
$PXL Token Generation Event
Many players are eagerly awaiting the moment when $PXL will be available for withdrawal and trading. The Token Generation Event for $PXL will take place on June 3, 2024, at 11 UTC. Users will be able to connect their wallets and claim the $PXL they earned. $PXL has a highly fair distribution — all 100% were mined by players. About 20% of the total supply is on accounts that were blocked for using cheats, clickers, and other automation methods (press/fire). This supply will be used to start the pool on a DEX. Let’s consider the current numbers (they will change! Exact figures for supply and liquidity will be published after June 1).
- Number of minted pixels: 62,224
- Value of minted pixels: 63,834 TON
- $PXL liquidity (51% of sales): 32,555 TON
- Total Supply: 543,420,150,880 $PXL
Initial liquidity in the pool: 108,684,030,176 $PXL and 1,627.75 TON
The remaining 90% (or 30,927.25 TON) will be used to buy back $PXL tokens from the pool at random times over the next 6 months. Buybacks will be made for 5%-10% of the total pool. The bought-back tokens will be burned. This ensures that $PXL will have deflationary mechanics until the next season.
NOTE: The numbers above are as of May 14. Final figures will be published after June 1.
The utility of $PXL until the start of the next season will be implemented in the game itself — The Pixels will continue to be available on Telegram, and each player will be able to color the canvas by spending $PXL. For posterity, we will publish snapshots of the canvas in official channels and a separate collection on GetGems. This will be equivalent to a pause between seasons, and the game will not be stopped.
What’s Next?
The Pixels is a seasonal game. Once we and our wonderful community are ready, we will start the next season. Until then, the FireHeadz team will introduce several games that will also use in-game elements (NFT pixels) from The Pixels. Moreover, part of the revenue from these upcoming games may be used for $PXL buybacks. We will present the first game, which is already in development, to you this week. Stay tuned!
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