US/China developer House Nation has launched its ecosystem token OIK, which powers its House Nation IP sport sequence.
Though its most outstanding sport is space-themed PC MMORPG House Nation On-line, OIK utilities will not be restricted to this title. Moreover, the concept 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 interact with all “House Nation On-line IP subsidiary video games, neighborhood, governance, and extra”.
As for its particular use circumstances, OIK would be the essential token used for buying and selling on the House Nation Market, enabling customers to purchase and promote numerous in-game NFTs. It should 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 partaking with House Nation video games. It should progressively 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 House Nation On-line, with allocations based mostly on their contributions recorded by the Proof of Contribution system. After this, as the brand new season begins, OIK will probably be distributed on a weekly foundation, initially to House Nation On-line gamers based mostly on the POC system, which tracks customers’ actions comparable to gameplay, achievements, NFT possession, and staking.
House 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, House Nation lately introduced $2.5 million in sport income from House 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 House Nation web site and X account.