US/China developer Area Nation has launched its ecosystem token OIK, which powers its Area Nation IP recreation sequence.
Though its most distinguished recreation is space-themed PC MMORPG Area Nation On-line, OIK utilities usually are not restricted to this title. Moreover, the thought 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 have interaction with all “Area Nation On-line IP subsidiary video games, neighborhood, governance, and extra”.
As for its particular use circumstances, OIK would be the fundamental token used for buying and selling on the Area Nation Market, enabling customers to purchase and promote numerous in-game NFTs. It’ll additionally grant DAO governance, supply staking advantages, and eligibility to airdrops and different rewards.
Its complete provide is 1 billion, of which 44% is allotted to gamers partaking with Area Nation video games. It’ll steadily unlock over the subsequent ten years.
On the time of token launch, OIK will probably be rewarded to gamers who’ve participated within the delicate launch of Area Nation On-line, with allocations primarily based on their contributions recorded by way of the Proof of Contribution system. After this, as the brand new season begins, OIK will probably be distributed on a weekly foundation, initially to Area Nation On-line gamers primarily based 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 not too long ago introduced $2.5 million in recreation income from Area Nation On-line since its delicate 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.
