US developer Proof of Play has unveiled particulars of its forthcoming PIRATE token, which is about to launch on thirteenth June 2024.
Primarily based on Ethereum, PIRATE is an ERC20 utility token with a complete provide of 1 billion. Amongst different capabilities, will probably be used within the developer’s turn-based browser RPG Pirate Nation to buy gems, cosmetics and different in-game actions.
The combination of gems is scheduled to happen a couple of days following the token’s launch, alongside the beginning of Season 2. Gems would be the recreation’s arduous foreign money filling numerous in-game functions reminiscent of timer velocity up and to cowl lacking sources. It could actually solely be acquired utilizing PIRATE.
By way of the token launch, solely Pirate Nation gamers throughout season 0 and 1, and NFT holders, will have the ability to declare PIRATE at TGE.
![](https://www.blockchaingamer.biz/wp-content/uploads/2024/06/pirate-token-unlock-1024x341.jpg)
By way of its general distribution
- 47% of tokens is allotted to the neighborhood,
- 28% to the workforce,
- 13.25% to the Proof of Play ecosystem, and
- 11.75% to traders and advisors.
Within the days main as much as the TGE, the workforce will introduce a litepaper with extra particulars of the PIRATE token in addition to in-game utility, staking, and the broader Proof of Play ecosystem.
Uncover extra about Pirate Nation and its broader imaginative and prescient for absolutely onchain gaming in our interview with Proof of Play CEO Amitt Mahajan, play the sport by way of its web site, and comply with Pirate Nation on X.