US/China developer Area Nation has launched its ecosystem token OIK, which powers its Area Nation IP sport sequence.
Though its most outstanding sport 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 won’t have an effect on any financial actions in any of the video games, based on 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, group, governance, and extra”.
As for its particular use circumstances, OIK would be the important 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 whole provide is 1 billion, of which 44% is allotted to gamers participating with Area Nation video games. It’ll step by step unlock over the following 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 equivalent 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 flexibility 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 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 by way of the Area Nation web site and X account.
