Market research and analysis of Pirate Nation (PIRATE)

1. Project Introduction

Pirate Nation is a pirate-themed blockchain game where players collect and send pirates on adventures. In the game, you can collect crafting materials, treasures, and pirate gold. Pirates can also gain experience and upgrade through multiple adventures. The game is interesting and has many players.

The game is developed by Proof of Play, and the founder of the project is the co-founder of FarmVille. The game "FarmVille" they made before has more than 300 million players and is the number one game in Facebook's history. Its game development and operation capabilities are relatively leading.

2. Economic Model

As the governance token of the entire ecosystem, Pirate plays a key role in the Pirate Nation ecosystem. It can not only be used to purchase game props, gems, participate in other activities, etc., but also for ecological pledge.

The total amount of PIRATE is 1 billion, and the circulation volume is 260 million, of which:

10% is allocated to investors, locked for 12 months, and released linearly in 24 months;

28% is allocated to team members, locked for 12 months, and released linearly in 24 months;

1.75% is allocated to team consultants, locked for 12 months, and released linearly in 24 months;

45% is allocated to the community, locked for 0 months, and released linearly in 36 months;

15.25% is allocated to the ecosystem, locked for 0 months, and released linearly in 36 months;

III. Investment popularity

The core member of the project is not only the co-founder of FarmVille, but also Amitt Mahajan, a former Zynga executive. With excellent team background and successful game experience, Pirate received a seed round of financing of US$33 million jointly led by Greenoaks and a16z. As a well-known investor in the circle, z16z led the seed round with such a large amount of money, which shows that it is very optimistic about pirate.

At present, PIRATE has very high traffic in the English, Chinese and Philippine regions, and there are many people holding NFTs in the community. Users have a relatively high degree of recognition of various operations of the game and the project. It is expected that with the continuous efforts of the team, the quality and fun of the game will continue to improve, thereby attracting players. The increase in the number of players will consume tokens to a certain extent in the process of participating in the game. After the token deflation, the price of the token will rise, and users will be attracted to enter the market again through the wealth-making effect, forming a virtuous circle.

At present, the market value of PIRATE is only 30 million US dollars. Whether from the background of the project party, the recognition of the capital party or the quality of the game, PIRATE has great room for growth. Compared with the market value of 2 billion+ of IMX/GALA and other currencies in the same track, PIRATE is expected to have more than 1000% room for growth.

IV. Risk Warning

1. PIRATE is a game on the chain, beware of contract security accidents

2. The chain game track has not yet been launched, and the game development is still in the early stages, which may not meet expectations

V. Related links

Website: https://piratenation.game/

Twitter: https://x.com/PirateNation

Discord: https://discord.com/invite/piratenation

Note: This article is for information sharing only and does not constitute any investment advice