What is
$pixl and why I think it's the next 100x gaming token 👇
So first off - what is
$pixl?
$pixl is the gaming token of
@ThePixlverse, a gaming universe that will have many games created by
@wabdoteth @diakou @sappyseals and team
The first game, a pet battler similar to Axie and Pokemon is releasing VERY soon
The
$pixl token will be used for everything in the game including breeding, cosmetics, rewards, defi, etc.
So why do I think it can 100x?
Stealth - I believe the best asymmetrical bets come from when you know something that nobody else does yet. This game has been being built by one of the biggest and most respected projects for over 2 years and yet barely anyone in the space knows about it yet. Many Sappy Seals holders don't even know about the Gaming Universe. It isn't on people's "best games in Web 3" lists. Your favorite influencer isn't writing threads on it. And this seems to be by design. The Pixlverse and it's many games aren't priced in to this token yet. And the team seems to be poised to come heavy out of the gate with massive marketing to make sure everyone will know about this game.
Distribution - Holder distribution is incredible. Nearly 5k holders for a sub $10m market cap gaming coin. Also, the weakest hands have been shaken out over the past two years of the bear market, selling their
$pixl for less than a penny. But the best thing about the distribution is that neither the team nor VC's own any
$pixl. If VC's want
$pixl they will have to buy it from holders. If exchanges want
$pixl they will have to buy it from holders. (And with increased volume, the success of the game, and the gaming meta taking over, VC's will most certainly want in, and Exchanges will definitely want to list)
Marketing - The team has been relatively quiet about
@ThePixlverse but they are absolute masters of marketing. When the right time comes, Wab and team will not only make sure this game is on everyone's radar, but also that everyone in the space has a favorable opinion about it and are playing the game themselves. Also, the marketing machine of the Sappy Seals community, one of the strongest communities to make it through the bear will become a fully activated marketing army making sure everyone knows
$pixl
The Game - Because it's an Indie game it won't have to compete with AAA titles to draw in players. The first game is a fun and quick pet battler that can be played on either mobile or PC. It's reportedly more fun and complex than Axie, and I can see anyone who likes playing Pokemon being attracted to it. Pokemon, for reference, is the most profitable franchise in the world.
Tokenomics - This team knows Web 3 and Crypto really really well. They lean into aspects of speculation that other teams shy away from. So with that, there will be various Defi protocols that
$pixl holders will be able to participate in. Defi protocols, the soon to be announced hard capped supply amount, and pet breeding are primed to create a massive supply crunch. As has been hinted many times "THERE ISNT ENOUGH
$PIXL"
Community - Beyond the general Sappy Seals community, there is an insanely strong
$pixl community called the Pixl Cartel and the
@Pixldao. This community extends far beyond Seals and any token holder can join. You do not need to own a Seal to join the
$pixl community. The Pixl Cartel is made up of the largest
$pixl holders who have insanely high conviction that
$pixl is going MUCH MUCH HIGHER.
Gaming Company - This is not a token for just one game. This is a token for MANY GAMES. It is just the first game, and my bet is that the team will have other games to announce amidst the bull market that will only add to the hype.
$pixl will be the token used across the entire
@ThePixlverse catalog of titles. And I'd bet that VC's will be foaming at the mouth to get in when they see how massive what's being built is. Which brings me to my next point...
No VC Investment (Yet) - The team is not beholden to VC interests, so they can focus on delivering value to holders. There may be a time where VC investment will be helpful for the team to grow the company, and when that time comes if VCs want
$pixl they will have to buy it from holders and VC's buy in mega size.
Comparable Market Caps - The Pixlverse matches in scope projects like Axie and Otherside, but has a tiny fraction of a market cap as comparison. Right now
$pixl has an $8 mil market cap while
$axs is around $1 billion and
$ape is around $600 million. Last bull market
$axs reached nearly $15 billion market cap and each bull market is bigger than the last. If
$pixl can hit the current market cap of
$axs (I believe
$axs will go much higher during the bull)
$pixl will be up 129x from here and will be valued at $4 a token at the current supply. In my opinion it's entirely feasible for
$pixl to hit the current pre-bull market value of
$axs.
In summary, I think that
$pixl is one of the best R/R plays in the entire market. Gaming is poised to be huge this cycle and
@ThePixlverse is positioned to be a top player in Web 3 games