Pixelverse developers of the famous Telegram game PixelTap introduced the PIXFI token within the ecosystem of The Open Network (TON). The bot requires an initial investment of $5.5 million and is built to allow the buying and selling of goods within the game environment.
Pixelverse collaborates with TON to distribute billions of PIXFI tokens to 10+ million followers in social networks and 35 million players in PixelTap, in an effort to drive more exposure for cryptocurrencies.
From Pixelverse, it was understood that PIXFI will be used in multiple capacities in PixelTap, including but not limited to fighting, crafting, trading, and expansion for both players and game developers.
Pixelverse Invests $5.5 Million in PIXFI Token Distribution
undefined 5.5 million in seed funding to launch 5 billion PIXFI tokens on TON, showcasing a giant leap towards making Web3 mainstream and, hopefully, getting.Web2 Gaming has over 100 million active players daily on Web3.
Pixelverse focuses player interaction with a lively economy for clothing accessories and or robot breeding alongside utilizing PIXFI to build highly efficient fighting robots.
Official documentation also shows that Pixelverse aims to create an ever-evolving market where the demand is created by players, which determines the asset value and provides users with the rights to set the terms of trade within the Pixelverse environment.
Pixelverse wants to make its community understand that their cyberpunk-themed game not only helps to make Web3 as engaging and exciting as a fun indie video game, but the game also provides real ownership of every in-game asset that players obtain via PIXFI tokens – and PixelTap already has millions of daily active users.
Burning PIXFIs: Improving the Prospects of the Token
In official documents and sources like Pixelverse, PIXFI on PixelTap is claimed to have various built-in mechanisms, such as burning, which implies that the token supply will gradually decrease, thus driving up the price as reported.
Regarding its adoption of burning tokens, Pixelverse has revealed it will burn a part of spent PIXFI tokens eternally in its marketplace approach.
“Similar to marketplace transactions, tokens used in bot creation and breeding are burnt, contributing to the deflationary economy…These processes ensure that crafting and breeding not only enhance your bots but also support the overall health and balance of Pixelverse’s economy.”
Pixelverse has introduced the “risk to earn” model. The user will be attracted to PixelTap through prized robot battles, which will require staking tokens as matched tokens will be collected and distributed to the winners additionally increasing both the entertainment and assets available in the game.
