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What is LayerPixel?
This integration has also spawned multiple designated solutions aimed at enhancing the interoperability between TON and Telegram. All of these solutions are designed to make the transition to Web3 more seamless and user-friendly. One of these projects is LayerPixel, a multifunctional solution that offers various services to meet user needs and touchpoints.
What is LayerPixel?
LayerPixel is a Layer 1.5 protocol designed to enhance the scalability and performance of the TON ecosystem by hosting various services such as Wallet, Decentralization exchange (DEX), Oracle Machine, etc.
The main products of the project include PixelSwap, which is the first weighted pool DEX platform on TON; PixelWallet, a Smart ContractWallet with account abstraction functionality; and Pixacle, a lightweight Oracle Machine. In the future, the project plans to incorporate API access and SDK in its products to encourage more developers to build on the TON ecosystem.
LayerPixel's vision is to create a secure, scalable, and user-friendly platform for users and developers in the TON ecosystem, enabling them to access Decentralized Finance products more conveniently. Its mission is to simplify the integration of Decentralized Finance capabilities into Telegram Mini Apps, allowing users and developers to enjoy the benefits of Decentralized Finance in their applications without losing access to important Decentralized Finance tools and services.
The History of LayerPixel
LayerPixel was founded in 2024 and is headquartered in Hong Kong, China. Since its launch, LayerPixel has received significant support from the encryption community and raised up to $2 million in seed funding in a round led by Kenetic Capital, with other participants including Waterdrip Capital, Foresight Venture, etc. More information can be found at https://medium.com/@LayerPixel_io/layerpixel-secures-2-million-in-seed-funding-to-drive-defi-innovation-on-the-ton-blockchain-1bcc250ee6ceVentureSouq, Web3 Port Foundation, TMM Club, etc.
How does LayerPixel work?
Like many other blockchains, TON uses an asynchronous system to batch process transactions. It also employs Sharding technology to divide the blockchain into smaller systems for faster processing speed. LayerPixel aims to overcome the limitations of TON's asynchronous technology (latency and delay issues) while leveraging its Sharding model. To do so, it adopts a modular design consisting of four levels, each with specific functions: Settlement Layer, Fund Layer, Execution Layer, and Expansion Layer.
The Settlement layer acts as a security layer, storing funds in highly secure smart contracts to protect them from unauthorized access and hacker attacks. This layer also performs atomic transactions to avoid issues such as losses and partial completion.
The fund layer contains Pixel Wallet and EQA Wallet. These two wallets allow users to store their virtual assets and support token authorization. They also have abstract functions that separate asset storage from the direct user interface, making accounts more flexible and secure.
The third layer execution layer is responsible for trading and transactions. It has AMM, Liquidity Bootstrapping Pool (LBP), and weighted pools. These engines support complex algorithms, allowing traders to better customize their strategies.
Finally, the fourth extension layer of LayerPixel allows other developers to add functionalities such as the Anti-Money Laundering (AML) module. This ensures that LayerPixel can meet evolving regulations and market demands, making it an ideal Cross-Chain Interaction solution for new Telegram Mini Apps.
Key Features of LayerPixel
PixelSwap
(https://www.pixelswap.io/?utm_source=layerpixel) is the first modular Decentralization exchange (DEX) launched on the TON ecosystem. Equipped with a number of advanced features, it aims to enhance the trading experience.[PixelSwap]
For example, PixelSwap allows users to exchange between TON and JettonToken, as well as between different JettonTokens. All trading pairs are driven by the same Smart Contract.
In addition, PixelSwap has established a weighted pool, which is a special type of Liquidity pool that allows for different weights to be allocated to different Token pairs in the DEX. Through the weighted pool, users can contribute assets to the Liquidity pool with different weights to increase their trading Liquidity and spread. PixelSwap is also compatible with Liquidity Bootstrapping Pools (LBPs), which adjust the project Token ratio during the initial DEX issuance (IDO) to create balanced distribution.
PixelWallet
PixelSwap is the first modular Decentralizationexchange (DEX) launched in the TON ecosystem. It is equipped with a number of advanced features aimed at enhancing the trading experience.
For example, PixelSwap allows users to exchange between TON and JettonToken, as well as between different JettonTokens. All trading pairs are driven by the same Smart Contract.
In addition, PixelSwap has established a weighted pool, which is a special type of Liquidity pool that allows for different weights to be allocated to different Token pairs in the DEX. Through the weighted pool, users can contribute assets to the Liquidity pool with different weights to increase their trading Liquidity and spread. PixelSwap is also compatible with Liquidity Bootstrapping Pools (LBPs), which adjust the project Token ratio during the initial DEX issuance (IDO) to create balanced distribution.
Pixacle
Pixacle is an Oracle Machine solution created for the TON blockchain. Oracle Machine serves as a bridge between the blockchain and the real world, enabling Smart Contracts to access data that cannot be directly obtained on the blockchain.
Pixacle's main function is to provide accurate quotes by directly obtaining prices from PixelSwap, thus ensuring the consistency of asset prices. It also automatically updates prices after each transaction.
In addition, Pixacle provides developers with the latest asset prices by directly calling Smart Contracts, ensuring that Decentralized Finance applications can access important financial data.
What is unique about Layer Pixel?
TonUP
TonUP is a new platform aimed at transforming the launch and support of projects in the Cryptocurrency industry. Its creation is intended to develop high-potential Cryptocurrency and support its rise.
As a security-oriented product, TonUP is not afraid to take strong protective measures. It uses a secure trading environment and risk drop strategy to protect the security of its community members. It also monitors all projects to quickly detect and eliminate any malicious activities. In addition, TonUP has established a refund policy to provide refunds in the event of a significant price drop, further ensuring user safety and satisfaction.
Game of Dawn
Game of Dawn is a Web3 Play2Earn ecosystem operated on LayerPixel. Its goal is to recruit one billion users into Web3 by partnering with popular Telegram games. One of the games is Fight Brawl, where players can team up, conquer dungeons, and defeat bosses.
Another example is Isekai Adventure, which is a game that combines role-playing and item collection. In this game, players play as adventurers, improve their skills by collecting and organizing various in-game items. These items help them conquer different levels and enemies.
Other games include Nail, this is a mini-game that simulates the process of tightening and loosening screws, as well as the upcoming multiplayer online game SpiritMaster. SpiritMaster offers different plot tasks and social activities, such as getting married in the game to unlock the two-player game mode.
The partnership between Game of Dawn and these games enables players to receive their native PIX token rewards. Users will receive PIX tokens as a reward for every dollar spent on in-game purchases. However, the reward rate will gradually decrease before the end of the Game of Dawn event, and users will no longer be able to obtain PIX. These tokens can also be exchanged for the upcoming LayerPixel (LPX) Token.
LayerPixel Bot
LayerPixel Robot is designed specifically for Telegram Mini App to help projects fully utilize the potential of the TON blockchain and LayerPixel ecosystem. Users can discover and play games on Game of Dawn through the robot, and track their $PIX points. It also provides updates on upcoming LayerPixel events and activities.
LayerPixel Related News
On August 24, LayerPixel announced the launch of its new community-driven projectPixelDAO. PixelDAO is an initiative of the TON community, allowing contributors to actively shape the future of the project while deepening their understanding of the ecosystem.
PixelDAO enables contributors to be rewarded while creating content and participating in activities. With the power of collective wisdom, PixelDAO will continuously explore innovative ideas, empowering people to easily participate in the world of DeFi.
LayerPixel Roadmap
In the third quarter of 2024, LayerPixel has arranged a series of activities for the project's development. These activities include integrating comprehensive SDK and API for PixelSwap, providing developers with a more convenient onboarding experience, and enhancing the overall functionality of PixelSwap.
LayerPixel will also complete the development and integration of its Liquidity Bootstrapping Pool (LBP) engine, collaborate with TON UP to improve the launch and distribution functions of the Token. The project will also officially launch $PIXToken, which will serve as the native utility Token of the LayerPixel ecosystem.
Is LayerPixel a good investment?
LayerPixel provides different services with the aim of integrating the next billion users into Web3. Its user-friendly interface, rewards, and products make the project stand out in Web3 interactions and become a leader in the industry. However, it is important to note that the crypto market experiences significant fluctuations, so everyone must conduct extensive research or consult qualified financial professionals before investing in any crypto projects.