US developer Proof of Play has unveiled particulars of its forthcoming PIRATE token, which is ready to launch on thirteenth June 2024.
Based mostly on Ethereum, PIRATE is an ERC20 utility token with a complete provide of 1 billion. Amongst different features, it will likely be used within the developer’s turn-based browser RPG Pirate Nation to buy gems, cosmetics and different in-game actions.
The mixing 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 laborious foreign money filling varied in-game functions reminiscent of timer pace up and to cowl lacking assets. It might solely be acquired utilizing PIRATE.
By way of the token launch, solely Pirate Nation gamers throughout season 0 and 1, and NFT holders, will be capable of 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 group,
- 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 group 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 website, and observe Pirate Nation on X.