Trying to figure out how Pixels manages its vPIXEL mechanic and in all its earnestness the second i realized what spendonly only tokens actually do to push the button i had to tab out and take a moment to think 😂
As i told in my last article the majority of reward systems compensate you with a a token that you can dump on the market immediately. All witHdrawals are possible sell pressure. Pixels constructed a sepArate layer to this. vPIXEL is backed one one to one by Pixel but it cannot trade on any exchange. You may throw it away in games bet it stake it play it in partner titles. Thou can not sell it. Thus the gamer within the protocols does not actually access open market liquidity.
The connotation is remarkable and the majority of the people do not get it at all. All active participants who switch to vPIXEL instead of the liquid form are eliminating a unit of potential sell pressure permanently unless they would pay the exit fee....
What do you really think is being smart tokenomics or is it friction masqueraded as loyalty to the ecosystem?
🤔
