Voxies (VOXEL) Marks First Volatile Trading Day on Binance

Voxies (VOXEL) started trading its token on Binance’s platform for new projects. Voxies offers a PvP competition and breeding functions for its NFT characters.

Voxies (VOXEL) is one of the latest Binance Launchpad projects aiming to launch a play to earn metaverse game. Voxel completed its token sale this December 14, and has started trading on Binance’s experimental section. 

VOXEL is just completing its initial trading days, with extremely volatile prices. This trend is not unusual for newly launched Binance pairings. VOXEL moved between $2.40 and $4.50 at the peak, later sinking toward $2.90. 

The Binance innovation zone is a tool to protect traders from the volatility of newly introduced tokens. VOXEL currently has a liquidity score suggesting significant slippage. The VOXEL sale limited the number of tokens available to new buyers, to also prevent large-scale token shedding after listing. 

Voxies Opens Double-Model Game

Voxies opens up to a double-model game, launching a free to play version. For players that want to preserve their characters or game achievements, Voxies can also be minted as NFTs and possibly create a secondary market. 

The original mint of 10,000 Voxies, with 9,999 distributed to players, will be used in the generation mechanics of new characters. Voxies will participate in two types of PvP matches, one with mismatched characters from the players’ collection, and the other with matched types of characters. The game allows for combining items and characters to create high-powered versions. 

Binance Launchpad Limits US, Other Regions

Despite its high profile, Binance Launchpad has significant limitations on offering play to earn projects. The launchpad sales exclude US buyers and a list of countries blacklisted for potential money laundering and terrorism financing. 

The games, however, remain open to all players and potential NFT owners. Binance Launchpad boosted the profile of Mobox (MBOX), an earlier exchange-based offering. MBOX is extremely volatile, trading at $5.21 after a recent rally to above $14.50 at the beginning of December. 

Binance-curated projects have the advantage of more solid tech teams and completed products instead of vaporware. Mobox already has an active community around a brawler game. 

https://twitter.com/MOBOX_Official/status/1472842680249978884

The projects also make access easier by working on Binance Smart Chain, with easy access through Binance Wallet for NFT purchase and holding reward tokens.

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