Nifty Island Launches $ISLAND Token on December 17th
Nifty Island, the free to play social game world, is preparing for its most significant event yet with the official launch of the $ISLAND token on December 17th. This Ethereum-based metaverse allows players to create custom islands, play games, and bring NFTs to life. The team has announced some new updates for the Token Generation Event (TGE), focusing on faster access to tokens and clearer distribution plans.
No Lock-Ups for Nifty Island’s P2A Rewards
Nifty Island’s play-to-airdrop campaign rewarded over 140,000 active wallets over a nine-month period, ending on November 1, 2024. Players were able to earn $ISLAND tokens by crafting nearly 70,000 islands. Initially, these rewards were meant to be unlocked gradually, but the team has decided to remove all vesting and unlock all P2A tokens at TGE.
This decision was made to provide 100% availability of P2A tokens to players on December 17th, including the base 10% allocation, a 2.5% boost announced in November, and an additional 0.1% from Pre-ISLAND Gacha rewards.
Gacha Rewards Added to P2A
For those who missed the play-to-airdrop campaign, Nifty Island’s Gacha system offers another way to earn $ISLAND tokens. Players can earn BLOOMS through daily challenges and island visits, which can then be used to spin the Gacha for vouchers that will be converted into tokens during the TGE.
One million $ISLAND tokens have been loaded into the Gacha system, and these have been added to the P2A allocation to ensure that all players who engaged with the game are rewarded.
Mocaverse Partnership Updated
Mocaverse, a popular Web3 platform, played a significant role in driving engagement during Nifty Island’s P2A campaign. As a result, 1% of the total $ISLAND supply has been allocated for MocaDrop, continuing to enhance user acquisition and awareness for $ISLAND.
Snapshot and Airdrop Timing
Nifty Island has set the following dates for the TGE:
- Palm Snapshot: December 16th, 10:00 AM CST, finalizing Collector tiers for participant rewards.
- $ISLAND Airdrop: December 17th, 1:00 PM CST, with tokens distributed to eligible wallets shortly after the TGE.
The team has also hinted at updates to the play-to-earn system, allowing players to use their Palm collectibles to earn more $ISLAND.
$ISLAND Allocation Breakdown
The total supply of $ISLAND is capped at one billion tokens, with the following breakdown among stakeholders:
Community Pool (40.1%)
- Play-to-Airdrop (12.6%): Fully unlocked at TGE for active participants.
- Rewards Pool (17.5%): Fueling live rewards and creator incentives.
- Ecosystem Incentives (10%): Reserved for grants, prizes, and partnerships like Mocaverse.
Investors and Advisors (30.2%): Subject to long-term lock-ups.
Team (19.5%): Locked for up to two years.
Project Treasury (9.2%): Reserved for strategic growth.
Exchange Liquidity (1%): Ensuring smooth token trading.
Long-term lock-ups for investors, advisors, and team members demonstrate the project’s focus on sustainability, with a significant portion of tokens locked for two to three years.
What Can We Do With $ISLAND?
The $ISLAND token offers more than just trading opportunities. Players can stake $ISLAND to boost their Island Power Level (IPL), unlocking benefits such as faster token earnings, exclusive events, better tools for island creation, and governance voting rights. As the platform evolves, the token’s utility will expand to include new features and economic layers for players and creators.
What’s Next for Nifty Island?
Nifty Island serves as a dynamic metaverse where players, creators, and NFT enthusiasts can connect and collaborate. By removing token lock-ups and refining its allocation strategy, the platform aims for a successful launch on December 17th. The community eagerly anticipates whether Nifty Island will set a new standard for metaverse economies as the countdown begins.
