First off Pirates, we want to thank you for participating in Season 1. Now raise the mainsail as we sail towards one of the biggest updates yet!

This update focuses on the release of the $PIRATE token, the introduction of Gems to the game economy, and the launch of the Pirate Nation Foundation website.

TGE

• $PIRATE will be available for claiming on June 13, 2024 at https://piratenation.foundation

• When you claim your $PIRATE, you’ll also have the opportunity to claim and immediately stake in one transaction

• Staking $PIRATE will reward you with Proof of Play (PoP) Points, with bonus multipliers for staking immediately, staking on the first day, and holding Founder’s Pirates

• You can stake later and unstake your $PIRATE, whenever you wish with no time-based locks on your staked $PIRATE

• You can also use $PIRATE to purchase Gems, with a 10% discount for using staked $PIRATE

• Spending staked $PIRATE on Gems will not reduce your multiplier bonuses for earning PoP Points

Gems

• Gems are a non-transferrable game currency that will only be obtained by spending $PIRATE at launch, and for some time afterwards

• We’ll be launching a Gems Shop page where you can purchase your Gems

• Gem utility will grow over time. At launch Gems can be used to speed up cooldowns and pay for missing items that are required to launch many of the Quests, and Gems can be used to purchase a pack of 50 Energy up to three times per day

• Similar to Quests, we plan to enable replacing some Crafting ingredients with Gems in the future

Known bugs

• Some items on the Crafting page may appear with Gems UI but cannot be crafted using Gems to purchase the requirements

• The formulas for in-game Gem costs will be updated as the team evaluates their performance