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Summary of Tribal Island Game Token
Key Points
- Tribal Island is a web3 game based on Tokenomics 2.0, themed on islands and tribes.
- TIC tokens are the native tokens, with a total supply of 10 billion, to be reduced to 100 million through gameplay actions.
- TIC tokens are used for in-game activities, such as building, upgrading, and trading.
- TIC token distribution: 5% pre-mining, 10% incentive, 85% play-to-earn.
- Tribal Island was founded by Germany BTI Blockchain Tribal Island GmbH.
- The game has two main differences: no IDO/IGO, and a reconstructed token
Introducing the Tribalisland Game Token: A New Era of Gaming
1. Tribal Island is a pioneering web3 game built upon Tokenomics 2.0, where players are immersed in a captivating island-themed universe. This immersive experience enables players to construct buildings, harvest resources, breed fearsome monsters, engage in PVE/PVP combat, cultivate fruits, trade valuable assets, and participate in tribal wars, all while navigating the vast expanse of the Tribal Island metaverse.
2. What is TIC Token? The TIC token is the native cryptocurrency of the Tribal Island game, boasting a total supply of 10 billion tokens. Through the gameplay actions of Tribal Island players, such as building, redeeming props, and upgrading, the token supply will eventually be reduced to 100 million. The primary utility of TIC tokens lies in facilitating in-game transactions, including game building and upgrading, prop exchange, purchasing goods, and rewarding players. The token distribution is allocated as follows: 5% pre-mining, 10% incentive, and 85% play-to-earn.
3. Who is the founder of Tribal Island? Tribal Island is a brainchild of Germany-based BTI Blockchain, operated by Tribal Island GmbH.
4. What Sets Tribal Island Apart
Tribal Island distinguishes itself from other web3 games in two significant ways. Firstly, it eschews the traditional IDO/IGO launch model, instead opting for the innovative “Double” approach. This pioneering concept, executed via a contract deployed on the BSC chain, ensures that participants receive double the value in return for their engagement. Notably, this approach eliminates the need for initial fundraising activities. Secondly, while Tribal Island adopts the dual-token model, it has been carefully crafted to mirror the real economy, thereby creating a sustainable crypto-economic system that strikes a delicate balance between inflation and deflation.
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The circulating supply of Tribal Island game tokens (TIC) stands at 520,156,902. As the native tokens of Tribal Island game, TIC has a minting cap of 10 billion, with 5% pre-mined for the Swap Liquidity pool, 85% generated through in-game activities, and 10% passively produced as scholarships. Notably, TIC tokens did not undergo fundraising, and the team holds no shares, except for the initial 5% allocated to the Swap liquidity pool. The remaining 95% of TIC tokens are minted solely through the in-game actions of Tribal Island game players. Following its listing on PancakeSwap on June 14, the total circulating supply of TIC tokens has reached 520,156,902.
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The security of the Tribal Island network is ensured by the BSC consensus mechanism, as the Tribal Island Game Token (TIC) operates as a BEP-20 token on the BSC smart chain.
What is the circulating supply of Tribal Island game tokens (TIC)? As the native tokens of Tribal Island game, TIC has a hard cap of 10 billion, with 5% pre-mined for the Swap Liquidity pool, 85% generated through in-game activities, and 10% passively produced as scholarships. Notably, TIC tokens did not undergo fundraising, and the team holds no stake, except for the initial 5% allocated to the Swap liquidity pool. The remaining 95% of TIC tokens are minted solely through the in-game actions of Tribal Island game players. Following its listing on PancakeSwap on June 14, the current circulating supply of TIC tokens stands at 520,156,902.
The Tribal Island network is safeguarded by the robust security features of the Binance Smart Chain (BSC). As a BEP-20 token, the Tribal Island Game Token (TIC) operates on the BSC, thereby benefiting from the chain’s consensus mechanism, which ensures the integrity and security of the network.
5. Where can I purchase TIC tokens? As of June 14, TIC tokens are available for purchase on PancakeSwap, a popular decentralized exchange.