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Area Nation launches OIK token
US/China developer Area Nation has launched its ecosystem token OIK, which powers its Area Nation IP sport collection.
Though its most distinguished sport is space-themed PC MMORPG Area Nation On-line, OIK utilities usually are not restricted to this title. Moreover, the concept is that the token is not going to have an effect on any financial actions in any of the video games, in line with its whitepaper.
As a substitute, OIK serves as an incentive for customers to interact with all “Area Nation On-line IP subsidiary video games, group, governance, and extra”.
As for its particular use circumstances, OIK would be the most important token used for buying and selling on the Area Nation Market, enabling customers to purchase and promote numerous in-game NFTs. It would additionally grant DAO governance, provide staking advantages, and eligibility to airdrops and different rewards.
Its whole provide is 1 billion, of which 44% is allotted to gamers participating with Area Nation video games. It would steadily unlock over the following ten years.
On the time of token launch, OIK might be rewarded to gamers who've participated within the smooth launch of Area Nation On-line, with allocations based mostly on their contributions recorded by way of the Proof of Contribution system. After this, as the brand new season begins, OIK might be distributed on a weekly foundation, initially to Area Nation On-line gamers based mostly on the POC system, which tracks customers’ actions akin to gameplay, achievements, NFT possession, and staking.
Area Nation On-line is deployed on Immutable zkEVM, and the OIK token has launched on Ethereum with the power to bridge it to Immutable zkEVM.
In associated information, Area Nation lately introduced $2.5 million in sport income from Area Nation On-line since its smooth launch in October 2024. This quantity excludes NFT income, token pre-sales or node gross sales. In the meantime, its ARPPU is $217.
Uncover extra through the Area Nation web site and X account.