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IF you have 2.0 BNB, is it worth it to farm PIXEL?

PIXEL is the native token of Pixels, a social web3 game built on the Ronin Network. PIXEL was launched on Binance Launchpool last February 9, 2024, where users can stake their BNB and FDUSD to farm PIXEL tokens over 10 days.

The launch day price of PIXEL token on Binance will depend on various factors, such as the demand and supply of the token, the market sentiment, the performance of the game, and the competition from other projects. However, based on some assumptions and estimates, we can try to make an educated guess.

According to the project’s website, the total supply of PIXEL is 5,000,000,000 and the initial circulating supply upon listing will be 771,041,667 (15.42% of the total supply). The project has raised $4.8 million from 3 rounds of private token sales where 14% of the PIXEL token supply has been sold at $0.005 USD / PIXEL, $0.009 / PIXEL, and $0.012 / PIXEL.

Assuming that the private sale investors will not sell their tokens immediately after listing, and that the Launchpool participants will hold their tokens for at least a few days, we can estimate the effective circulating supply of PIXEL on the launch day to be around 350,000,000 (7% of the total supply), which is the amount allocated to the Launchpool.

If we assume that the launch day market cap of PIXEL will be around $10 million, which is a conservative estimate given the hype and popularity of the project, then the launch day price of PIXEL will be around $0.0286 USD / PIXEL ($10,000,000 / 350,000,000).

Of course, this is just a rough approximation and the actual price may vary significantly depending on the market conditions and the user behavior. Therefore, please do your own research and due diligence before investing in any cryptocurrency project.