FAQ

What is Pixie?
Pixie is the world’s first fully-functional photo and video sharing social network based on Blockchain Cryptoeconomics. Pixie encourages users to create quality content (like NFT) and interact constructively with fellow users. This is a brand-new "Creator Cryptoeconomy" model  totally different from the centralized revenue models of other social network platforms that monetizes user’s data and infringes upon their privacy. Pixie will work with all its users to build and develop a decentralized social network where users can manage and share its profits together. Users can claim their PIX and transfer them to their own wallet (like MetaMask).
How to Use Pixie

Unlike other social network platforms, in Pixie, social activities such as posting, liking, reposting, and commenting, etc. will be rewarded with cryptocurrency PIX. Content can be easily created as NFT digital assets for copyright protection and future trading in Pixie.

• Higher-quality content earns more PIX.

• Earlier likes and reposts of quality content will receive more PIX.

• Users with more Weight (user influence) will receive more PIX for social activities.

• The Energy Mechanism optimizes users' social activities and maintains the effective operation of the Pixie platform.

• Reckless and abusive social activities are prohibited.

• Users can spend PIX to create NFT.

• Rewards for content and social activities such as posts, likes, and reposts are halved after every 7.5 billion PIX allocated (halving will repeat 11 times in total).

• Pixie will only reward social activities on content posted within 7 days, although user can still interact with old posts without consuming Energy.

• The PIX rewards for posting content and all related social activities will be settled simultaneously in users’ PIX wallet within 7 days after the content has been posted.

What is NFT？

• Digital contents such as photos, videos, and audios, etc. can be easily copied hundreds of times, which usually makes these digital contents cheap or even worthless.

• A Non-fungible Token (NFT) is a unit of digital content stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. Thus, the exclusiveness of NFT enables itself potentially valuable.

• For example, the NFT artwork entitled "Everydays: The First 5000 Days," by artist Mike Winkelmann, also known as Beeple, sold for US$69.3 million in 2021. As of August 2021, the total sales of NFT products by NBA Top Shot has reached US$700 million. The total sales of NFT game Axie Infinity has reached US$1 billion in only 3 months.

• In Pixie, we encourage users creating NFT to produce potentially valuable digital content.

Pixie Convention

The core value of Pixie comes from quality content and social activities, which are fundamental for the healthy and sustainable development of Pixie. Once poor quality content, as well as indiscriminate likes and reposts start to flood the platform, they will seriously affect the value of Pixie. In addition to the Energy Mechanism, the Pixie operation team reserves the right to intervene by blocking content, canceling rewards, and even banning the account if deemed necessary.