Pixels (PIXEL)

In-Game Currency and Utility

Pixels is the native utility token used as a premium in-game currency. Players use Pixels to purchase items, upgrades, and cosmetic improvements for their characters. It also allows players to create and join guilds, mint pets, and access exclusive perks like withdrawing BERRY tokens via VIP memberships. Pixels supports activities such as minting new land, speeding up build times, boosting energy temporarily, and acquiring special items.

Governance and Community Engagement

Pixels serves as a governance token, giving holders a voice in the development and direction of the Pixels ecosystem. It supports community-driven governance and revenue-sharing models, fostering real-world use cases in the creative economy.

NFT and Digital Art Integration

Pixels is used for minting NFTs within the game, enabling a vibrant marketplace for digital collectibles. The token supports integration with third-party NFT collections, allowing players to use popular NFTs as avatars and participate in a thriving rental market on platforms like Opensea.

VIP Memberships and Subscriptions

Pixels tokens are used to purchase VIP memberships and battle passes, granting access to premium content and exclusive in-game features. This subscription model creates ongoing demand for the token and enhances the player experience.

Accessibility and Trading

Pixels can be easily bought, sold, and traded on major centralized exchanges. The project also integrates fiat on-ramps, allowing players to convert traditional currencies like USD into Pixels seamlessly for use in the game.

Ecosystem and Market Potential

Pixels is part of an open-world Web3 game ecosystem focused on farming, exploration, and creation. The token supports upgrades, crafting costs, and convenience systems, contributing to a dynamic and engaging gaming economy with room for growth as the project and crypto market evolve.

Pros

• Pixels is a unique cryptocurrency that combines digital art and blockchain technology, creating a special ecosystem for artists, collectors, and investors.
• It serves as the native utility and governance token within the Pixels platform, enabling in-game currency use, NFT minting, VIP memberships, guild participation, and governance activities.
• The total supply is controlled at 5 billion tokens, with scarcity helping to maintain value.
• Pixels is integrated with major exchanges like Bitget, Binance, and Gate, making it accessible for trading.
• The game associated with Pixels offers a play-to-earn (P2E) model, allowing players to earn tokens through gameplay similar to farming games.
• The project has attracted significant investment, supporting infrastructure growth and feature expansion.
• Pixels has a strong community and is part of the growing Web3 gaming industry, powered by the Ronin Network.
• The token supports governance, allowing holders to participate in decision-making for the platform.

Cons

• Pixels has experienced significant price volatility, including a large drop from its all-time high (over 99% decline).
• The market sentiment around Pixels is currently pessimistic, with recent price declines and underperformance compared to other cryptocurrencies.
• Long-term prospects remain speculative, with price predictions being uncertain and dependent on many external factors like market trends and technological developments.
• The gaming rewards are not as large as some earlier P2E games, limiting outsized crypto earnings.
• The price is influenced heavily by supply and demand, and large holders ("whales") can impact price movements significantly.
• As a relatively new and niche crypto project, it faces competition and must maintain user interest to sustain value.
• Adding Pixels to wallets like MetaMask requires manual token import, which might be less user-friendly for beginners.

Founders of Pixels

The founders of Pixels are Luke Barwikowski, Alexander Moyer, and Ashwin Kumar. Luke Barwikowski has a background in software development and blockchain technology and serves as the CEO. Alexander Moyer specializes in game design and user experience, while Ashwin Kumar focuses on the economic and governance aspects of Pixels. The project was established in 2020 in San Francisco, California.

Investors in Pixels

Pixels has attracted a diverse group of investors, including institutional investors and high net worth individuals who participated in private funding rounds. The project has raised approximately $2.4 million from 24 investors. Notable investors include Axie Infinity, Collab+Currency, and Ed3n Ventures. These investors have helped provide resources to develop the game's infrastructure and expand its features.

Funding and Investment Details

Pixels has raised a total of about $7.2 million to date through various funding rounds. Private prices for Pixels tokens were set around $0.012 during early investment phases. The funding supports the growth and innovation of Pixels in the competitive crypto gaming market.

Investor Participation

The investors are involved in supporting Pixels' vision of blending blockchain ownership with gaming, helping to build a platform where users can create and trade NFTs and engage in a metaverse-style game. The backing from these investors has positioned Pixels for sustained growth and community engagement.

Halal Status of Pixels

Pixels is a cryptocurrency token used within a blockchain gaming ecosystem. Whether Pixels is halal depends on its compliance with Islamic finance principles, which include:

• Purpose and Use: Pixels serves as a utility and governance token in a game, used for NFT minting and trading digital assets. This practical use aligns with the concept of having tangible benefits and real-world application, which supports halal status.
• Financial Structure: There is no specific information indicating that Pixels involves interest (riba), gambling (maysir), or other haram activities.
• Scholarly Views on Crypto: Islamic scholars have mixed opinions on cryptocurrencies in general. Many agree that cryptocurrencies can be halal if they avoid excessive speculation, interest, and unethical practices. Since Pixels functions as a utility token within a transparent ecosystem, it may be considered halal if it meets these conditions.
• Individual Assessment: As with all cryptocurrencies, Muslims are advised to evaluate Pixels individually for compliance with Shariah principles.

Answer: Yes, Pixels can be considered halal if it is used and traded in a way that complies with Islamic finance principles, avoiding interest, excessive speculation, and unethical activities.