Token Utility
Deep platform-wide utility, meets staking, meets web3s leading game world.
Utility through staking, a token designed to be held
ISLAND token's utility is unlocked through staking. By depositing tokens in a smart contract, players are granted access to a host of platform-wide abilities and benefits in accordance with how much they stake.
The amount of ISLAND token a player stakes contributes to their Island Power Level (IPL). Some token-related perks unlock at specific IPL thresholds, while others scale incrementally with staked token.
1. Core Pillars of ISLAND Utility
Holding and staking ISLAND token grants the player a host of new powers within the Nifty Island ecosystem, aimed at enhancing players' ability to participate in Nifty's creator economy and shape the future of the platform. These core utilities are described at a high level below and details are given on the linked subpages.
ISLAND stakers will enjoy increased Earning Power, allowing them to earn ISLAND tokens at a faster rate through active play and participation.
Creators and artists who stake ISLAND tokens can access greater platform resources, allowing for the creation of larger, more immersive islands and more activities to participate in.
ISLAND stakers will enjoy exclusive access to special events, prizes, and content.
ISLAND stakers will earn consumable items at a rate dependent on their IPL. These items can be used to boost your content and earnings within the platform.
Staking ISLAND token grants users the right to participate in governance, enabling them to vote on select future game and platform decisions. Voting power will scale in proportion to a player's IPL.
2. Expanding Utility as Nifty Island Evolves
We see the above as a V1 of ISLAND token's role on the platform. As the depth and breadth of the UGC on the platform expands, as the marketplace and its inventory evolves, and as new substrates of the game's economy and overall experience come online, ISLAND's utility will too expand.
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