Pixelverse token ($PIXFI) surges nearly 50% a few hours after airdrop

Pixelverse announced the July 18 Token Generation Event (TGE) and airdrop distribution of 30% of the total supplied PIXFI tokens to loyal members of its TON-supported ecosystem. Pixelverse confirmed that all members from Level 1 (Common) to Level 10 (Legendary) would receive NFTs that would be available for claiming on July 25. 

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However, the gaming and non-fungible token (NFT) platform affirmed that only holders of Rare, Epic, and Legendary NFT collections were eligible for the total distributed 30% of the PIXFI supply. According to Pixelverse’s airdrop statement, the 10% airdrop and subsequent distribution of 20% of the total PIXFI supply would be fair to all community members.

PIXFI price skyrockets after airdrop           

According to data from Coingecko, $PIXFI’s price rose nearly 50% from $0.021049 to $0.032208 a few hours after the July 18 TGE and airdrop distribution. 

The token’s price had soared 293.1% to settle at $0.08227 as of the time of writing. At the current price, PIXFI was trading 5.31% lower than the all-time high price ($0.098), but still 393.88% higher than the all-time low price ($0.019). The token’s trading volume also increased by 869.3% to $137,467,845 in 24 hours, signaling massive market activity. 

Pixelverse declared that the $PIXFI token supported on The Open Network (TON) would be traded on five selected centralized exchanges.   

Pixelverse warned members of its ecosystem to watch out for scams and only interact with official links. The NFT and gaming platform also asked PIXFI airdrop receivers to always double-check and ensure they interacted with the correct Pixelverse website (pixelverse.xyz). Pixelverse declared that only users with registered wallets would be included in the airdrop and additional PIXFI distribution. 

PIXFI’s planned airdrop distribution and rewarding mechanism

Pixelverse announced that all members of its TON-based ecosystem using Dashboard or PixelTap would receive NFTs claimable on July 25 based on their engagement levels. According to Pixelverse’s statement, PixelTap rewards would be based on player levels, while Dashboard rewards would be based on bot count, completed quests, and levels.

Pixelverse affirmed that 10% of the total supply would be rewarded to Rare, Epic, and Legendary NFT holders. The airdrop statement mentioned that an additional 20% of the total PIXFI supply would also distributed over time to Pixelchain and Pixelverse users who opted for staking. 

Claiming received tokens via the PixelTap mini-app or Dashboard would be ‘gas-free’ (no charges) with auto-staking for the additional rewards, highlighted Pixelverse. The gaming and NFT platform pointed out that users who immediately withdrew received tokens would only get 10% of the total airdrop. The remaining 90% would be recycled through the Community Incentives Pool to reward loyal ecosystem members, according to Pixelverse.

However, as of the time of writing, Pixelverse’s ambassador, Tola Joseph, was among the users who had not yet received the airdrop PIXFI tokens. ShedFx, a crypto miner, also complained of not receiving any tokens yet despite collecting over 130M points.