What is Playbux and What Is It Rallying So Much?

What is Playbux and What Is It Rallying So Much?

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What is Playbux?

NAIROBI (Coinchapter.com) – Playbux (PBUX), an emerging blockchain-based gaming platform, has caught the attention of investors and enthusiasts alike, as its token price surged by an impressive 37.75% in the past day and a staggering 72.88% over the last week.

PBUX/USD 1-day price chart. Source: CoinMarkertCap
PBUX/USD 1-day price chart. Source: CoinMarkertCap

As of May 9, 2024, the Playbux Token (PBUX) is trading at $0.32117, with a 24-hour trading volume of $1.01M. The token’s price has surged by 37.75% in the past day and an impressive 72.88% over the last week, signaling growing investor interest.

Playbux’s alpha version launch on May 9th, 2024 is a key driver behind the token’s rally. Early access to quests and exclusive rewards like Pebbles and NFT Mystery Boxes excites investors. Alpha testers will also be eligible for a Season 2 airdrop, boosting enthusiasm for the project.

Playbux (PBUX) Token Unlocking and Allocation

Adding to the buzz, Playbux is set to unlock 15.53M tokens on May 23, 2024, accounting for 3.88% of the maximum supply and injecting approximately $5.00M into the ecosystem. This unlock event will allocate funds to Protocol Rewards and Marketing (4.17%) and Liquidity (25%), signaling the platform’s commitment to growth and market liquidity.

Playbux token total distribution progress. Source: Cryptorank.io

The Playbux Token (PBUX) powers this exciting experience with a maximum supply of 400 million. These tokens are carefully allocated: protocol rewards and marketing (25%), team (23%), treasury (20%). Investors benefit from SAFT rounds (15.1%), liquidity (10%), KOL’s round (4.08%), and public sale (2.79%). This strategic token model fuels the company’s growth, captivating users worldwide with its “Conquer to Earn” approach.

Playbux’s “Conquer to Earn” event is a month-long competition that pits players globally in a strategic battle for territory. Representing their countries, participants use PBUX tokens to claim pixels on a world map. Top performers win exclusive rewards like buildings on Playbux Island, daily lottery tickets, and prized NFTs.

Partnerships Fuel Expansion and Adoption

Playbux is riding a wave of success, and industry heavyweights like Binance Labs and Visa are a big part of the story. These partnerships have fueled the company’s growth and helped it gain traction. Major exchange listings on KuCoin, Bybit, Bitget, Gate.io, MEXC, BitMart, and HTX solidify Playbux’s presence within the crypto market.

Moreover, Playbux’s “Shop to Earn” service offers users cashback credits for purchases made on over 26,000 affiliated online and decentralized platforms. This innovative feature has further bolstered the project’s value proposition, appealing to a diverse user base.

The post What is Playbux and What Is It Rallying So Much? appeared first on CoinChapter.

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