NEAR Protocol (near) 
The price of Pixelverse surged on Friday as investors responded positively to its recent launch on prominent exchanges such as Bybit, HTX, and Gate. The newly introduced PIXFI token was trading at $0.0886, resulting in a market cap of over $451 million.
Pixelverse experienced further growth following the introduction of perpetual staking. This feature allows token holders to earn returns by staking their tokens once. In the initial stage, users received various loot boxes categorized as common, uncommon, rare, epic, and legendary. Items in the legendary loot boxes, such as clothes, masks, and real estate vouchers, were exclusive to staking participants.
The perpetual staking feature was introduced shortly after the developers announced an airdrop. As part of this airdrop, users received NFT rewards claimable on July 25th. The allocation included 10% of the PIXFI tokens to rare, epic, and legendary NFTs, while 20% were awarded to Pixelverse and Pixelchain users.
Pixelverse Airdrop: Rewarding True Community Members with PIXFI Tokens
Pixelverse is redefining airdrop distribution to ensure fairness within the community. The upcoming Token Generation Event (TGE) and airdrop are anticipated to be among the largest ever.
To prevent dumping and bot activity, Pixelverse implemented a unique approach. Users who withdrew the PIXFI token immediately received only 10% of the airdrop, with the remaining portion transferred back to the community incentive pool to reward loyal members.
Part of the TON ecosystem, Pixelverse has seen significant growth, amassing over 75 million users and 15 million daily active users. The developers have also launched the Playground demo and formed partnerships with platforms like Pudgy Penguins, Notcoin, and Coq Inu. Additionally, they developed Pixelchain, the first layer-2 network for the TON Network. A layer-2 network, such as Pixelchain, reduces the load on the parent blockchain and enhances performance.
Looking ahead, the next significant milestone for the Pixelverse token is the launch of the mobile browser in August. This browser will facilitate user participation in the ecosystem and potentially offer rewards.
A potential risk for the PIXFI token is the common trend of cryptocurrencies rising initially after an airdrop, only to pull back as momentum fades. Historical examples include Wormhole (W), which initially rose to $1.8540 and then dropped to $0.30, and the zkSync token, which rose to $0.40 before dropping to $0.18. Other recent airdrops like Rapper Iggy Azalea’s MOTHER and Andrew Tate’s DADDY also experienced similar patterns.
Stay updated on the latest cryptocurrency news and trends by exploring more on Global Crypto News.
