I've been watching $PIXEL for a while. Not for price. For something quieter.
The reward system doesn't distribute equally. Machine learning sits underneath the game, watching behavior, deciding which players get directed toward yield and which get managed toward the edges. Two players doing the same actions. Completely different economic outcomes. Neither knows which one they are.
That detail changes everything.
It's logical on paper. Rewards go to players who reinvest. RORS improves. Ecosystem gets healthier. Same reason ad networks moved from broad reach to behavioral targeting. Efficiency went up.
But ad networks don't tell users they're being scored either.
Most people playing $PIXEL don't realize the system already has an opinion about them. And that opinion updates quietly, continuously, in the background.
Systems that optimize invisibly tend to work until they become visible. Once players figure out the scoring model, behavior shifts. And behavior shifting is exactly what the system is trying to prevent.
That's the tension I can't price yet.