Play-to-Earn (P2E) System
Our system for enabling players to earn ISLAND after TGE, while managing inflation and rewarding loyal community members.
Doing Play-to-Earn Right
After P2A and the genesis of the ISLAND token, players are able to earn ISLAND live in-game! This means blooms earned will result in a user accumulating ISLAND tokens, claimable every 14 days.
Our goal is to establish a simple and fair system that motivates players to engage with Nifty Island, while keeping the inflation inherent in token rewards predictable and minimal.
Finally, by making earning more convenient and significant for existing holders of Legendary Palms and ISLAND tokens, we can reward loyalty and encourage new participants to hold onto the tokens they earn, thereby joining our community.
Please note: the P2E system will change significantly over time. Reflexive token rewards are a great way to bootstrap a community but they are not sustainable and will be replaced as Nifty Island's game economy evolves.
TLDR
At a high level, here's how to earn:
Increase your earning rate
Stake ISLAND and keep it staked
Hold Nifty Island Legendary NFTs (optional)
Play to earn
Collect blooms by playing Nifty Island
Do that, and you'll earn ISLAND! So, jump in and play or keep reading for deeper details!
Meet the ISLAND Rewards Dashboard
After the Token Generation Event (TGE), players will have access to an ISLAND Rewards Dashboard within the Nifty Island web app. From this dashboard, users can stake, view their earning stats, and claim their ISLAND rewards.
System Overview
A fixed ISLAND reward pool will be distributed on a recurring 10-day cycle. This structure ensures that the amount of ISLAND distributed from the reward pool during each cycle remains controlled, preventing excessive token supply inflation while maintaining a dynamic yet simple reward system.
At the highest level, there are 3 inputs that determine how much ISLAND you will earn from the P2E system in a given cycle:
How many blooms you earned → Bloom Count
How much ISLAND you have staked → Base Earning Rate
How long you have kept ISLAND staked → Earning Rate Boost
The quantity and tiers of Nifty Island Legendary NFTs you hold → Earning Rate Multiplier
The aggregate result of these factors at the end of the earning period will determine how much ISLAND will be claimable.
That is, per cycle: ISLAND = BLOOM_COUNT * EARNING_RATE /
Here is a calculator which can help you to project your rewards from the P2E system.
Bloom Count & Acquiring Blooms
Blooms represent the work you need to do in order to earn. If you earn 0 blooms in a cycle, you will earn 0 ISLAND, regardless of your holdings.
Blooms can be earned in the following ways:
Daily Challenges
Playing Games
Foot Traffic
Players visiting your island (5 blooms per unique daily visit, 1k/day limit)
Players spending time on your island (0.25 blooms per minute, 3k/day limit)
Players collecting bloom pickups on your island (1 bloom per pickup, 1.25k/day limit)
Players earning blooms from games on your island (1 bloom per 25 base blooms, 4k/day limit)
Refer players to another island (20% of island owner foot traffic, 1k/day limit)
Bloom Pickups
Quests
Miscellaneous
Accepting B33's island recommendations
Manual bloom earnings from events & other sources
The Rewards Dashboard displays the amount of blooms you earned in each category during the current cycle.
Earning Rate & Staking ISLAND
ISLAND can be staked on either ETH or Base across all wallets connected to your Nifty Island account. By staking your ISLAND tokens, you increase your earning rate. A higher earning rate means that every bloom you earn will convert to more ISLAND.
Your earning rate will receive a boost based on how long you have staked without unstaking. This is a multiplier on your earning rate that increases linearly to a maximum of 3x over 100 days of staking.
That is: Current earning rate = BASE_EARNING_RATE * 3 * MIN(DAYS_STAKED / 100, 1)
Here are some sample staking amounts and the resulting earning rates in terms of ISLAND per 1k blooms collected.
0
0.1
50
0.12
100
0.15
200
0.18
300
0.21
400
0.25
500
0.3
1000
0.6
10,000
2.3
100,000
9.2
1,000,000
34
10,000,000
122.5
The conversion rate reaches its maximum at 10 million ISLAND staked.
Your earning rate applies at the time blooms are earned. However, if you unstake any token during the cycle, your earning rate will be reduced to the base rate of your new balance. This means that you can stake more at any time to boost your earning rate (and bonus) immediately, but you cannot move staked ISLAND between accounts to boost rewards.
Because you may earn ISLAND at a different rate throughout the cycle, the immediate values shown for blooms, earning rate, and ISLAND in the Rewards Dashboard may appear not to add up if you stake or unstake ISLAND mid-cycle.
Earning Multipliers & Holding Palms
Palm holders will enjoy a higher multiplier of ISLAND tokens that they can gain for earning blooms in every 14-day cycle. Every Legendary NFT (Palm, Pistol, or Blade) held by your account increases this multiplier by an amount determined by the NFT tier.
Iron
16%
Bronze
30%
Silver
58%
Gold
110%
Neon
210%
Ultra
420%
Pistol
0.4%
Blade
4%
So, for example:
1x Iron Palm = Earn Rate Multiplied by 1.16x
2x Gold Palms = Earn Rate Multiplied by 3.2x
1x Neon Palm & 1x Silver Palm = 3.68x
The highest multiplier that any player can reach is 520%.
Removing NFTs
If you move any legendary NFTs from your wallet, your earn rate multiplier will be instantly reduced to the new multiplier level.
In addition, a penalty to your earn rate boost will be applied proportional to the multiplier value of the NFT. The amount of this penalty is proportional to the removed NFT's multiplier vs. the max multiplier.
So, moving a pistol barely slashes you at all, but moving a gold palm slashes you a lot.
If you remove an NFT and your multiplier is still the max, you don't get slashed.
Soft Bloom Caps
After reaching 70,000 blooms earned in a cycle, your earn rate will be reduced. You will continue to earn ISLAND for every bloom, but at 33% of your total earn rate. When the next cycle starts, you will return to your full earn rate.
At 140,000 blooms earned in a cycle, your earn rate will be adjust to 10% of your total rate.
Claiming ISLAND
ISLAND rewards from the P2E system are claimable on Base. Each cycle's ISLAND rewards are added to your claimable balance at the end of the cycle.
Our Long-Term Vision for P2E
Given ISLAND token’s finite supply, it is not sustainable to distribute it to players indefinitely. That said, we recognize that a key advantage of web3 gaming is the ability to offer rewarding and compelling prizes.
Over time, we will gradually taper off ISLAND token rewards, replacing their appeal with more inherently fun gameplay and compelling prize systems, and balancing emissions with new sources of ISLAND token demand.
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