Pizza Game’s $PIZZA token has more than doubled its price in just a span of one month. The dramatic growth is attributed to the game’s new tokenomics that changed the token from being inflationary to deflationary. See the decline in net supply in the chart below (source: P2E Analytics).
Per CoinMarketCap, $PIZZA was trading at $0.00004669 on July 16, 2022, and peaked at $0.0001186 on August 14. From July 16 to August 14, the token’s 24-hour volume also increased from $8,881.73 to $28,617.
As of this writing, $PIZZA is trading at $0.0001052, with a $405,893 market cap, and a 24-hour volume of $18,831.
What is PIZZA GAME?
Drawing inspiration from incremental game Cookie Clicker, Pizza Game is a popular play-to-earn game on the Avalanche blockchain. Players acquire NFTs that represent Chefs and Tools and then stake them in the Pizzeria to generate rewards.
Tradable on NFT markeplace platforms such as NFTrade, a Pizza Chef is an NFT that players can use to generate rewards.
There is a limit to how much a players can use a Chef to gain rewards. They can get fatigued when overworked and will also start producing less. In some case, they could even cease from functioning entirely. Players can choose to give their Chefs a break or provide them with Espresso Shots priced in $PIZZA to speed up recovery.
Based on the below chart taken from P2E Analytics, the AVAX volume of Chefs has hit a 30-day high. It is also close to breaking a new high in terms of sales count. The average price is 3.72 AVAX.
As the game progresses, players can obtain tools such as a Pizza Box, or Cutter to improve their earnings potential. As of this writing, tools are listed for as low as 0.69 $AVAX and as high as 45 $AVAX (depending on their type).
Based on the below chart taken from P2E Analytics, the AVAX volume of Tools has fluctuated over the last 30-days, with higher activity this past week. The average price is 1.286 AVAX, close to historic lows.
$Pizza is a deflationary token that holders can use to reset chef fatigues and repair cups in the Soda Station. It designed to be the game’s inflationary reward token until the tokenomics update introduced $RONI.
With a maximum supply of 15 million, $SODA is a deflationary token that is used to buy tools and improve Pizzerias. Players can farm the token in the Soda Fountain by staking a $PIZZA/$AVAX liquidity pair. They can also obtain $SODA in the Soda Station by staking chefs and burning LP tokens.
In a bid to provide a more stable game economy, the team introduced a new token called Pepperoni ($RONI). Players can stake Chefs and tools to earn $RONI. Additionally, holders can use the token to buy in-game items.
- Pizza Factory: A Pizza Factory update which allows players to send Chefs to the factory to produce Robot Fragments went live on August 14.
- New Additions: Soda Tanker and Self-Replicating Pepperoni machine was added to the game on August 8. As of August 15, the machine can be obtained for as low as 2.8 $AVAX, and as high as 9.99 $AVAX (Per NFTrade).