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Proof of Play has launched $PIRATE, an ERC-20 utility token for the on-chain pirate-themed RPG, Pirate Nation. The litepaper, co-authored with Pirate Nation, details upcoming plans for the game and the role of $PIRATE in its ecosystem. The token distribution allocates 47% to the community, 28% to the development team, and 13.25% for Proof of Play. Following its launch, $PIRATE was listed on Coinbase on Day 1 and saw a 100% increase in value, trading at approximately $300 million FDV.
Congrats to @PirateNation on todays token launch! I staked my $pirate for Proof of Play Points. Feeling like my Founder's Pirate right now 🏴☠️🦜 https://t.co/XmDyEJWkYw
The $PIRATE token is up 100% since launch and trading at ~$300mm FDV It joins the rare club of gaming tokens with Day 1 Coinbase listings The below thread outlines PIRATE’s pre and post TGE strategy, which work together to create a dynamic and sustainable token ecosystem 🧵👇
congrats to the entire team @PirateNation @ProofOfPlay on the successful launch of $PIRATE and getting listed @coinbase https://t.co/ryzSmUrBtn