Remember the Million dollar website? Imagined and brought to live back in 2005 by Alex Tew, the concept was a simple yet powerful one. To raise money for his university education, Alex decided to create a website with a million pixels and to sell the ownership of said pixels as advertising space to individual buyers for $1 dollar each.
The idea was a smashing success and quickly sold out, allowing the buyers to advertise their brands, ads, and personal messages, where Alex was able to earn $1,000,000 for his idea and its execution, which was nothing short of ingenious.
iUPixel: The Billion Dollar Market Cap
While the aforementioned concept showed how fast the internet can turn a blank canvas into pure creativity, creating value out of nowhere and bringing worthful attention in a completely virtual setting, it came with one simple limitation: third-party ownership of the asset, the pixel, which remained with Alex, or to be more specific, with the server in which the website is hosted.
Solving the aforementioned issue and building upon the shoulders of this notorious project is where iUPixel comes in. This company comes with Billion Dollar Market Cap, a twist on that concept, one that brings in blockchain technology, the IPFS, and Non-fungible Tokens (NFTs) to to the mix in order to provide full decentralization and true ownership of the asset (pixel).
What, how, who, and why?
So what exactly is the Billion Dollar Market Cap project? Put simply, the project is a collaborative artistic effort to showcase the potential of NFTs and it consists of a 1920×1080 canvas hosted on the IPFS, where users can purchase blocks of 10×10 pixels.
It gives them the right to upload a piece of media in the form of an NFT which will be immutably stored on the Ethereum blockchain, allowing data to be stored efficiently on the IPFS and the information of the NFTs to be stamped on the ETH public ledger.
Digging deeper into this concept, the iUPixel team will then allow users to rent or resell these pixels in an open market, opening the doors for speculation and valorization of the asset. In order to purchase and interact with the 10×10 pixels, users will need to do so with the $PIXEL token, the native cryptocurrency in the ecosystem which can be acquired in many decentralized and centralized exchanges.
iUPixel is a company focusing on NFT technology and producing digital gaming experience, with the Billion Dollar Market Cap project being the first one being launched, leveraging the Ethereum -based standards for collectible tokens (ERC-721 & ERC-1155) along with their native ERC-20 $PIXEL token for economic transactions, starting at a $0.03 price, which will change as the token enters the free market.
Currently, the total supply for $PIXEL is set for one billion and a total of 200 million $PIXEL tokens ($8 million) have been distributed and locked in liquidity pools prior to the official launch of the Billion Dollar Market Cap project in which users will gain access to the canvas in the summer of 2021. To learn more about the Billion Dollar Market Cap project, visit the official website here.
Different community building vesting strategies currently benefit from 50 million PIXELs. The latest community vesting strategy in the iUPixel’s team is being promoted as a time travel. Travel one year into the future, in a matter of seconds, by providing liquidity in the new ETH/PIXEL pool in Balancer v2 and then staking the LP token in what they call the FLASH yield lockup pool, freezing your LP tokens for a year, but getting the rewards of that year immediately. You can get an immediate return of 30% of the amount of PIXEL tokens staked back in PIXEL tokens while supplies last – 30 Million PIXEL tokens or $1,200,000 at its current price! At the time of writing 320,703.062 USD have been locked in the Pool. For more information join iUPixel’s Telegram channel.