ISLAND, the native token of the Nifty Island gaming platform, has officially launched on the Ethereum blockchain. This is part of the project's pioneering 'play-to-airdrop' campaign aimed at building a #metaverse ecosystem centered around creators.



What is ISLAND Token?



ISLAND is a utility token of the Nifty Island ecosystem, serving the in-game economy. This token is issued in ERC-20 format on $ETH and will expand integration to other networks such as $SOL and Ethereum Layer-2 Base. The total supply of ISLAND is 1 billion tokens.



How ISLAND Tokens are Distributed


• Community: Accounts for 38.6% (over 400 million tokens), including:


• Rewards: 17.5% of the total supply to be distributed through future gaming activities.


• Play-to-airdrop: 12.6% allocated for active players in the 9-month campaign, based on airdrop points and collector rankings.


• Investors and advisors: Over 300 million tokens (30%) are allocated for investors, with 71% locked for 2 years, and 29% locked for 3 years before gradually unlocking.


• Development team: Accounts for 19.5% of the total supply (195 million tokens), locked for 1-2 years before unlocking.


• Project reserve: 9.2% of the total supply (92 million tokens) used to expand and promote Nifty Island.


• Exchange liquidity: 2.5% allocated for liquidity on centralized exchanges.



How to Receive ISLAND Tokens



Users can request to receive #ISLAND directly on the Nifty Island website. To participate in the airdrop, you need to own partner NFTs or engage in in-game activities before the snapshot date.



Utility of ISLAND


• Staking: Users staking ISLAND will enjoy:


• Increase reward rates while playing the game.


• Access to exclusive resources to expand and upgrade islands in-game.


• Receive consumable items that support content development and increase in-game income.


• Participate to receive exclusive rewards from Nifty Island and partners.


• Governance: ISLAND stakers have the right to vote on governance proposals, directly influencing the future of the platform.



Conclusion



The launch of ISLAND not only marks a significant advancement for Nifty Island but also reinforces the unique 'play-to-airdrop' model in Web3. With diverse utilities, attractive staking mechanisms, and an expanding ecosystem, ISLAND promises to be a crucial factor in driving the development of this metaverse.