PixelTap’s $PIXFI Token Price Rises After Airdrop and Listing
Pixelverse, an NFT and gaming platform on the TON Network, launched its native token, $PIXFI, on July 18. An airdrop distributed 10% of the total supply to holders of its Rare, Epic, and Legendary NFT collections, causing the token's value to surge over 100% in one day and reaching a market cap of $300 million before a slight pullback.
Following the airdrop, $PIXFI was listed on major exchanges like Bybit, HTX, Gate.io, Bitget, and MEXC. Pixelverse plans to distribute another 20% of the token supply to users of Pixelverse and Pixelchain to maintain long-term engagement.
Pixelverse’s airdrop mechanism stakes the tokens for further rewards, with a 90% penalty for immediate withdrawal, to stabilize the token’s value and encourage long-term holding. PixelTap, a popular tap-to-earn game on the TON ecosystem, attracted 50 million new users in June. On July 16, Pixelverse added a character from the Pudgy Penguins NFT collection to enhance community engagement.
In May, Pixelverse secured $5.5 million in funding from Delphi Ventures, Merit Circle, and Mechanism Capital. With the $PIXFI launch and strategic airdrop design, Pixelverse aims to strengthen its position in the NFT and gaming sectors.
