Initially, there were two tokens in the Pixels game: BERRY and PIXEL. However, according to the whitepaper, BERRY has been phased out, and only PIXEL remains. The market for this blockchain crypto chronology is experiencing daily updates in trading and game development, which is happening in a dangerous manner.
BERRY was an inflationary token. Its supply was increasing significantly, which was causing its value to decrease and decline.
The team decided that now only $PIXEL will be the premium currency to keep the economy sustainable. For game activities, an off-chain currency called Coins is now used, which is distinct from $PIXEL .
The purpose of this migration is to reduce sell pressure and increase token scarcity.
PIXEL is not just a trading coin; its real utility is as a PIXEL TOKEN within the game.
If you want premium features in the game, you need to obtain VIP status from PIXEL, which requires getting a VIP Membership token. There are rare skins, pets, and tools; buy every skin and dress for free, there are only 2 in the game.
To join or create Guilds in the game, you need PIXEL.
The total supply is fixed to prevent hyperinflation. Only a specified amount of 28 million tokens are released into the market each month. Reward distribution is controlled through data science to benefit only real players.
@dranees7
Algorithms have been used to stop bots and abusers from affecting the economy, keeping it stable even when gas prices spike.
A large portion of the ecosystem fund is allocated for future development and community incentives. This system prevents multi-accounting and farm & dump schemes.
Transactions are fast and gas fees are very low due to being on the Ronin Network. Token holders will be able to vote on future decisions.
It is about sustainability. The Pixels team wants this game to be not just Play to Earn but to become Play and Earn, where people play for enjoyment rather than just to make money.
Are you $PIXEL trading or staking?