鹿鹿撸毛日记

Here's some data that left me speechless. According to the latest research report, Pixels, that has been heavily criticized for its random Tick mechanism, has processed over a hundred million on-chain rewards in two and a half years, generating $25 million in ad revenue for the project. I dug into the white paper and realized they officially call this PoI-VI. To put it in simpler terms: the system monitors land load in real-time, and when there are more users, it reduces the reward window from hundreds of milliseconds to dozens, specifically targeting high-frequency bots. I checked the contract address 0x7eae20d11ef8c779433eb24503def900b9d28ad7 on the Ronin browser for $PIXEL , and during peak times, the hit rate adjustment can reach 30%.

But what really impressed me was something else. By the end of 2025, Pixels secured the NAIP project from the Nigerian Federal Government's Agricultural Research Council, helping a million farmers distribute subsidies and prevent fraud. This isn’t just a press release; even the agricultural department's regulatory code has been executed. A pixel farming game being approved by a national-level review shows its solid tech foundation.

Now, let's talk financial constraints. The RORS rule is set in stone: for every $1 reward issued, the ecosystem must generate at least $1 in protocol revenue. We're not there yet; the team is currently subsidizing the operation. As for token unlocks, there are nearly 90 million advisor tokens locked until after May 19.

My stance is simple. I’ll keep a small observation position and wait for RORS to be greater than 1 for two consecutive quarters, and for the Stacked SDK to be integrated by more external games before considering adding more. Right now? No rush.

$PIXEL #pixel @Pixels

Last week, I was checking out the Pixels staking dashboard for a while and noticed that most people don't even realize one thing: when you stake $PIXEL , it's not just locked there earning interest; it’s being allocated to specific games—Core Pixels, Forgotten Runiverse, and Pixel Dungeons. The game you choose to support gets more ecological rewards. This isn't really staking; it's a community vote.

I was a bit taken aback. What’s brilliant about this design? It directly ties the interests of token holders to 'how fun the game is.' The tokens you stake become 'votes of confidence'; if the game sucks and no one plays, your staking rewards drop. This is tougher than any KPI assessment—players themselves become investment managers. Plus, the official team has set up a PopRank system: the more staking a game receives, the higher it ranks, leading to more exposure and distribution. Even more interesting, they use this data to train AI prediction models. Essentially, every player's staking behavior contributes to scoring the ecosystem's credibility, which is way more complex than just 'buying tokens to mine.'

But if you've ever played in guild wars, you know there’s a bigger issue. Pixels’ so-called Spore Sports claimed to burn $4 million worth of $PIXEL over three months to distribute, but the CEO admitted that last season's guild wars burned more PIXEL than was distributed. Burning more than you’re making sounds pretty intense, right? This shows the team isn’t just mindlessly throwing tokens around; they’re genuinely testing whether the economic model can sustain itself.

With a full-time team of over 40 managing this project, DAU peaked over a million, but the real headache has never been the data itself; it’s whether non-robot players can stick around. Founder Luke said they aim to pivot to attract traditional players, not just create games for crypto gamers. The direction sounds promising, but how long can they maintain this execution?

Overall, the staking-vote mechanism of Pixels is one of the smartest game economy designs I've seen this year. But then again, will $PIXEL be able to stand firm, not relying on this flashy setup, but rather a year later, will people still open the game just to 'play with friends'?

#pixel @Pixels $PIXEL

I've been reworking the public data and on-chain info for @Pixels over the past few days, and I've come across a few findings that might differ from the noise out there.

First up, let's talk about RORS. At the YGG summit in November 2025, Luke showcased a key figure: RORS has climbed to between 1 and 1.05, with ecological operation profits hovering around 5%. This means that for every 1 dollar equivalent of $PIXEL issued, it can indeed bring back at least 1 dollar in player spending. However, during the same session, he admitted that the early P2E economic model had some issues—about 1% of users snagged nearly half of the reward pool, causing the token to continually depreciate. RORS simply helps the team identify where the problems lie, but the real battle is how to adjust parameters and redistribute rewards from a few users to the majority.

Next, let's discuss staking. After the cross-game staking system went live, Pixels, Pixel Dungeons, and Forgotten Runiverse have linked the universal staking for $PIXEL . Adding in that part from Sleepagotchi, staking now covers four games. By the end of 2025, over 176 million PIXEL tokens are expected to be locked in contracts, with more than 10,000 participating addresses. This cross-game reuse design does look a bit like infrastructure from a logical standpoint. However, the problems are quite apparent. According to CoinLore's price data, $PIXEL dropped from a high of 1.02 dollars in March 2024 to a low of 0.00452 dollars by February 2026, a decline of over 99%. Staking volume is increasing, but the token price is crashing, and new users entering the market see rapidly diminishing annual yields. The economic model can address “who receives the incentives,” but it can't control the pricing in the secondary market.

In my judgment, Pixels has indeed established itself as a solid “problem-solving” player in the blockchain gaming design space, and the frameworks of RORS and cross-game staking have made their rounds. However, moving from a small-scale success to a truly reusable infrastructure requires two steps: first, can the real annual returns withstand the transition after USDC rewards shift? Second, can the real retention across games outlast the decay curve of opportunistic users? Mechanisms are just a necessary condition; sustainable operation is the toughest metric to measure.

#pixel $PIXEL @Pixels

I spent three weeks digging through the on-chain data for @Pixels , sifting through over two thousand active wallets. I found that the guild task refresh rate is three times that of retail traders, but the official team hasn’t disclosed the weighting formula for the trust score. Some players reported that after grinding for a hundred days to build their trust score, they were penalized by five hundred points in a single day, and customer support couldn’t provide an explanation.

After the launch of Chapter Two, token rewards plummeted from double digits to fractions of a point $PIXEL . I suspect that dynamic trust score is a black box filter, which not only considers activity but also secretly tracks how long you stay after claiming rewards. Those who withdraw their earnings right after mining will gradually be pushed into a low-reward pool. Big players who stake long-term and go offline for a few days see their task quality drop slowly.

The design is clever because it doesn’t outright say it discriminates against retail traders; instead, it adjusts yield rates through algorithms, making users feel like they’re just having bad luck. But the project team holds the invisible faucet with no visible scale.

The official team claims that the Stacked interface can standardize reward distribution, allowing other games to integrate. However, I came across an interoperability test case that had nearly a minute delay, which would make an average user just close the app.

I estimate that the VIP subscription fee can only cover about 20-30% of the guild incentive costs, with the rest relying on $PIXEL inflation or new user funds, which isn’t a sustainable strategy.

This project is more legitimate than 70-80% of chain games, but it’s still early for it to become a benchmark for infrastructure. They need to make the task algorithm weights public for community governance and reduce cross-chain delays to under five seconds. I’m not advising to buy or sell; I haven’t built a position myself. Keep an eye on the guild’s burn records; when big players start burning tokens for skins instead of selling them, that will be the real turning point.

#pixel

I've been doing due diligence on blockchain games for three years now, sifting through a ton of 'AI-driven' docs, and honestly, I forget most of them right after I read. But that Stacked log from Pixels kept me up for two nights straight. Not because it’s flashy, but it tackles a problem that's been bugging me for ages. I was staring at the 'risk_flag' field until past 3 AM, and suddenly it hit me: it’s not just a simple churn marker; it’s dividing the drop rate of task completion by the drop rate of energy recovery. If the ratio drops below 0.31, it automatically triggers double rewards. I literally threw my pen down—this? This is what I've been hunting for three years?

To be honest, my first reaction was disbelief. Pixels claimed the next-day retention shot up by nearly 20 percentage points, so I recalculated using data from three small projects I’ve been tracking, landing around 17% to 22%. I’d say they can pass, but I was still uneasy: if this logic is locked behind an API, the project team is flying blind. Later, when I dug into their field definitions, I realized what’s valuable isn’t the algorithm but that standardized churn label structure. For example, 'en_recovery_slope'—other games can just tweak a threshold and use it directly. I slumped back in my chair, stunned; this is what infrastructure should look like.

Over two hundred million calls, twenty-five million in volume, at least three firms on Ronin are quietly picking up the lightweight version. But what worries me most is the $PIXEL token—when rewards sessions pile up, who’s covering the gas fees? If Stacked turns into a paid closed-source model, small studios won’t be able to afford it. The tech is solid, but whether it can become infrastructure depends on whether they’re willing to loosen the standards. With that said, think about it yourself.

#pixel $PIXEL @Pixels

I dove into the Pixels docs for three days and found a key point. $PIXEL is different from most play-to-earn tokens. It's not about 'the more you play, the more you earn'; it's the opposite: the longer you play and the more you spend, the scarcer the tokens become.

With a total supply of 5 billion tokens, they unlock linearly over the years, releasing about 28 million each month for ecosystem distribution. However, the RORS model requires that for every $PIXEL reward distributed, there must be at least $1 of revenue to support it. Tokens aren't just printed out of thin air.

There's a line in the whitepaper that's often overlooked: complete decentralization is the ultimate goal, but in the early stages, many mechanisms run server-side, which allows for a tenfold iteration speed. They haven't claimed to be fully decentralized, and this attitude is more honest than many other projects.

In May 2025, they launched the ecosystem staking system. It’s not about locking and earning; it’s about staking for voting rights. You stake in a game to support its development. There’s a 72-hour lock-up after staking. There's also a passive staking mechanism: if you've logged in during the past 30 days and your wallet holds over 100 tokens $PIXEL
, you’ll automatically stake and earn rewards. This mechanism rewards active players, not just the opportunists.

As for the repair fees, there’s no clear statement in the public documents, so I won’t speculate.

On daily active data, the Ronin founder mentioned there are over 100,000 daily active addresses, with reports saying it’s surpassed 120,000.

I won’t mindlessly hype it up. The biggest risk is that governance rights are still in the team's hands. I’ll keep a small bag of $PIXEL as a watch position and read updates quarterly.

#pixel @Pixels

Playing with LongTech during this time, I didn’t focus on the token price but instead kept an eye on its product updates and community feedback, slowly getting a feel for its rhythm.

A lot of people in crypto only look at short-term gains, easily overlooking the underlying logic of operations.
LongTech's iteration speed isn't fast, but each update is closely aligned with real user needs.
Issues like lag and unclear task paths that were previously highlighted were optimized and launched not long after; it's not just empty promises but real changes you can feel in the product.
This steady approach feels more reassuring than projects that come out of the gate piling on features.

Now, talking about its ecosystem design, there’s a clever point hidden here.
It binds content creation with user behavior, not relying on external subsidies to support the community, but instead allowing user interaction, sharing, and discussion to convert into actual incentives.
This model can lower the operating costs for the project team while enabling the community to 'live' on its own, rather than being a dead group reliant on the official for guidance.
Plus, its off-chain desensitization architecture leaves room for future ecosystem expansion; as long as the interfaces are open, it can easily interact with more scenarios.

However, there are two concerns I haven’t let go of.
The first is that its content ecosystem currently relies heavily on early creator incentives; if those incentives weaken later, will community discussion cool down too? That’s still uncertain.
The second is that its token consumption scenarios are still somewhat internally focused; there’s no clear planning for external landing scenarios yet, and as the user base expands, the circulation pressure on tokens may gradually reveal itself.

Overall, LongTech is on a path of 'first stabilizing the product, then slowly expanding the ecosystem'; it’s not one of those projects that relies on short-term hype for a quick pump.
Whether it can go further depends on whether it can maintain its current iteration pace and convert community enthusiasm into real ecological value.
Future landing progress will be key, and I will continue to track project developments and adjust my participation pace based on actual progress.

@LongTech官方 #longtech #Web3

Before diving into Pixels, let me share something I witnessed firsthand.

Last year, I hung out in a chain game community filled with gold farming studios. They had dozens of accounts running scripts simultaneously, cashing out rewards daily before dumping the tokens. It took just three weeks for the coin to go from launch to zero. The project team wasn't oblivious; they simply couldn't stop it.

So when I saw the data Pixels recently disclosed, I was taken aback. They claimed to have run an AI rewards system internally for four years, processing over a hundred million distributions, helping the project earn more than 25 million dollars. I pondered, and the harsh reality of this system isn't just about handing out cash, but rather identifying who’s real and who’s a bot.

How do traditional chain games fail? Gold farming studios exploit scripts to rake in rewards, pushing out genuine players. With Pixels’ system, I browsed through their public documentation, and the logic isn't overly complex. The AI monitors each account's behavior in real-time — the frequency of mouse clicks, time spent, depth of interaction — and if it detects something too far from human behavior, it simply reduces their ranking. Rewards aren't just given for “logging in”; they’re dynamically adjusted. Play like a real person, and you earn more; use a script, and you get nothing.

The benefits of this approach are clear: it allocates the project's funds where they matter, rather than sustaining studios. The downside? I'm a bit worried about false positives. When I play certain chain games, I often leave my character idling; will the AI mistake me for a script? The project team hasn't clearly outlined the appeal mechanism, which feels a bit vague.

Additionally, this system is currently only operational within Pixels’ own games. If they open it up to third parties in the future, will those studios turn around and train their own AI? I've seen that cat-and-mouse game play out many times.

I'm not bearish. Pixels’ daily active users surged from 45,000 to 120,000, proving their strategy is effective for real players. But “effective” doesn’t mean “always effective.” Investment in the chain game sector is projected to drop to just 293 million dollars by 2025, and the entire industry is entering a winter; this isn't something an AI engine can sustain alone.

My stance: Keep an eye on two signals: the response of studios after third-party games are integrated and the rate of complaints regarding false positives. If there aren't significant issues in the next six months, I might consider holding on for a bit longer. For now, though, I'm holding seven parts in hand and leaving three parts to time.

#pixel $PIXEL
@Pixels

I have gone through the financial statements of blockchain games, and there are only a handful that can showcase profit data like @Pixels . An income of 25 million dollars is not from financing; it's real money generated from the game.

Where does this money come from? It relies on Stacked. It is not just a self-indulgent tool for Pixels, but a B2B reward engine that has already handled over 200 million reward sessions for Pixels. More importantly, the positioning of $PIXEL has changed. Previously, it was just a way for Pixels to earn coins in a single game; now, Stacked has transformed it into cross-ecosystem reward fuel. External studios can connect to Stacked and use $PIXEL to issue rewards to their players. For every additional partnered game, there is a real demand for $PIXEL .

I compared it with other so-called 'ecosystems' of blockchain games. Most projects boast about wanting to be a platform, but they can't even hatch a second game. Pixels first established the infrastructure and then opened it to third parties. This order is reversed; it's not about making promises before building, but rather, the building is already leased out before selling tickets.

To be honest, 25 million dollars is not a lot in the traditional gaming industry, but in blockchain games, less than 5% of projects are profitable. Pixels has at least proven that it can survive without relying on token inflation. My judgment is that if this B2B logic works for more than three external studios, the value support for $PIXEL will be significantly stronger than it is now. I will keep an eye on who the next game to integrate with Stacked will be. #pixel $PIXEL @Pixels

At one-thirty in the morning, only a few people were left in Pixels. I started the timer and measured the stamina recovery for forty minutes.

First, the conclusion: the official statement says it recovers 2 points per minute, but the actual measurement shows fluctuations. During peak times, it drops to 1.6 to 1.8, and during off-peak times, it barely reaches 2. This small difference means losing out on about thirty stamina points in a night. The pet bonuses are even more subtle. I raised a level two fox, which supposedly increases BERRY production by fifteen percent, but the actual measurement only shows nine to eleven percent. The reason? Different plots dilute the bonuses. Planting berries and planting wheat have completely different triggering probabilities.

Regular players don't measure closely; they rely on the stats, only to find that after grinding for the same amount of time, their income is always less than expected. How do studios play? They have measured the actual bonus coefficients for each plot of land and use scripts to automatically switch plots. If you manually change plots, it takes ten seconds; they can do it in half a second. The difference isn't about grinding harder; it's about the tools and information available.

Now let's talk about the hidden costs related to $PIXEL . Participating in an event involves ticket costs, transportation, and tool wear, all of which total up to a net gain of less than sixty percent of the gross income of $PIXEL . The project team never tells you about these friction costs. The truth about RORS here is even colder: your effective stamina output is diluted by pets, fluctuated by land plots, and covertly altered by recovery speed—three layers of deductions. After calculations, you'll find that without level suppression and team play, individual players' RORS is inherently negative.

There’s a governance tactic that very few people mention: secretly adjusting the refresh probability of rare seeds two hours before an event starts. The announcement always says “optimized experience,” but the actual drop rate has decreased by twenty percent. Studios have monitoring bots, and regular players only realize this the next day.

I don’t want to say much more to wrap this up. I turned off the timer, and the screen went dark. Tomorrow I will continue to grind, but I won’t look at the panel numbers; I will only watch the wallet balance. This game teaches you the first lesson: don’t trust the announcements, trust the actual measurements.

@Pixels #pixel $PIXEL