This Nifty Island(ISLAND) will only be available for GT subscriptions. Please be aware that the participation users’ funds will not be deducted at the end of this Nifty Island(ISLAND) Subscription.
Introduction to Nifty Island(ISLAND) :
Nifty Island is an open gaming platform powered by user-generated content, where NFT, memecoin, and web3 communities can play, create, and earn rewards. Everyone is given a free island to build their dream world, showcase their digital collectibles, and create fun games and experiences for others to explore. With over 70,000 user-generated islands built, 75,000 user-generated assets created, and 1.3 million user-generated games played, Nifty Island is one of the most active creator economies in web3 gaming.
(The information below is provided by the Nifty Island(ISLAND) team. Please follow Nifty Island(ISLAND) for more information）
Token Information
Token Name: Nifty Island
Token Symbol: ISLAND
Max Supply：1,000,000,000 ISLAND
Token Type: ERC-20
Smart Contract Address: https://etherscan.io/address/0x157a6df6b74f4e5e45af4e4615fde7b49225a662
Token distribution ratio and unlocking rules:
Play-to-Airdrop: 12.6%, 126,000,000
100% of P2A tokens will be liquid at TGE, including the original 10% P2A allocation, a 2.5% increase announced on November 15, 2024, and a 0.1% Gacha bonus announced on December 3, 2024
Rewards Pool: 17.5%, 175,000,000
The largest community allocation of ISLAND is designated for the Rewards Pool, which will be distributed to support live ISLAND token earnings and the long-term growth of a sustainable creator economy in Nifty Island.
Ecosystem Incensives: 10%, 100,000,000
The Ecosystem Incentives pool will be used to attract creators, developers, and other third parties to the Nifty Island ecosystem as it expands over time. This will include grants and prizes, rather than in-game automated incentives.
Project Treasury: 9.2%, 92,000,000
The Project Treasury serves as the capital reserve for Nifty Island, managed at the discretion of the Nifty Island team initially. These funds are reserved for initiatives that will promote network expansion, support further development, and enhance the overall ecosystem. The Treasury ensures that Nifty Island has the resources necessary to drive growth, fund strategic projects, and adapt to evolving needs within the web3 gaming space
Exchange Liquidity: 1%, 10,000,000
The Exchange Liquidity allocation is dedicated to providing the necessary liquidity for ISLAND tokens on exchanges. By maintaining healthy liquidity, we aim to create a more stable and efficient market for ISLAND, facilitating smoother transactions and fostering trust among token holders and traders.
Team: 19.5%, 195,000,000
66% fully locked for 2 years from TGE, then linearly unlocked over another 2 years.
34% fully locked for 1 year from TGE, then linearly unlocked over another 1 year.
Investors and Advisors: 30.2%, 302,000,000
71% fully locked for 2 years from TGE, then linearly unlocked over another 2 years.
29% fully locked for 3 years from TGE, then linearly unlocked over another 3 years.
For more information, please refer to:
https://guide.niftyisland.com/island-token/allocation-and-distribution
Website: https://www.niftyisland.com/
Whitepaper: https://guide.niftyisland.com/
Nifty Island(ISLAND) Startup Subscription Rules：
(1) Duration: December 16th, 2024 UTC 23:00 PM - December 17th, 2024 UTC 11:00 AM (Orders placed by qualified users within these 12 hours will be treated equally)
(2) Trading Starts Time：December 17th, 2024 UTC 15:00 PM
The Trading Pair: ISLAND/USDT
(3) Subscription Token: GT
(4) Subscription Price: $0 GT
(5) Subscription Total: 233,333 ISLAND
(6) Startup Total Supply: 5,385 GT
(7) Unlock rule: 100% Unlock
(8) Participation Requirement:
1.Users participating in the GT Holder-Exclusive Airdrop will no longer be required to have an average GT holding of not less than 10 GT in the past 14 days. Holding 10 GT when participating will be eligible.
2.Your asset balance will be detected during token distribution. Please ensure your asset balance of not less than 10 GT, otherwise, it may result in subscription failure.
3.The available shares of each project vary for different projects. Please refer to the project announcement or the available shares when participating.
Participate in Startup now: https://www.gate.com/startup
(9) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
Please Note: Multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate reserves the right to disqualify the users involved and forfeit their rewards.
How to Participate
Log in to your Gate account → Navigate to the Startup page → Ensure your GT holding is no less than 10 GT → Participate in the subscription.
Notes:
1.Other rules remain unchanged, please refer to: https://www.gate.com/article/36145
2.New rules take effect from 00:00AM April 25th, 2024 (UTC+0). The Web version has been updated and please update your App to the latest version (6.2.0).
3.GateToken (GT) is the unique exchange token of Gate exchange and the native token to Gatechain public chain. Hold GT and claim exclusive free airdrops now: https://www.gate.com/trade/GT_USDT
4.Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
5.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
6.Gate reserves all rights to the final explanation.
7.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.
Gate Labs Investment Disclosure
Gate Labs did not invest in Nifty Island(ISLAND).
Attention
(1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.
We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “Section 2.3(d) Restricted Locations”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(2) Risk Warning:
-The project team does not guarantee that token price will not be lower than its startup sale price. Please invest with caution, and don’t invest beyond your financial capacity.
-The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
-Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.
-The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
-Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.
(3) Requirements for participants
-The participant should register on Gate and Log in;
-After logging in, complete user identity verification;
-Deposit a certain amount of cryptocurrencies in your gate.io account;
-Sign the Purchase Agreement on Startup before placing orders.
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Gate Team
December 16th, 2024
