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Nifty Island Launches $ISLAND Token: Everything You Need to Know $ISLAND , the native token of the Nifty Island gaming platform, has officially launched on the Ethereum blockchain. This is part of the project's pioneering 'play-to-airdrop' campaign aimed at building a metaverse ecosystem centered around creators. ➡️What is $ISLAND Token? $ISLAND is a utility token of the Nifty Island ecosystem, serving the in-game economy. This token is issued in ERC-20 format on $ETH and will expand integration to other networks such as $SOL and Ethereum Layer-2 Base. The total supply of ISLAND is 1 billion tokens. ➡️How $ISLAND Tokens are Distributed • Community: Accounts for 38.6% (over 400 million tokens), including: • Rewards: 17.5% of the total supply to be distributed through future gaming activities. • Play-to-airdrop: 12.6% allocated for active players in the 9-month campaign, based on airdrop points and collector rankings. • Investors and advisors: Over 300 million tokens (30%) are allocated for investors, with 71% locked for 2 years, and 29% locked for 3 years before gradually unlocking. • Development team: Accounts for 19.5% of the total supply (195 million tokens), locked for 1-2 years before unlocking. • Project reserve: 9.2% of the total supply (92 million tokens) used to expand and promote Nifty Island. • Exchange liquidity: 2.5% allocated for liquidity on centralized exchanges. ➡️How to Receive $ISLAND Tokens Users can request to receive #ISLAND directly on the Nifty Island website. To participate in the airdrop, you need to own partner NFTs or engage in in-game activities before the snapshot date. ➡️Utility of $ISLAND • Staking: Users staking $ISLAND will enjoy: • Increase reward rates while playing the game. • Access to exclusive resources to expand and upgrade islands in-game. • Receive consumable items that support content development and increase in-game income. • Participate to receive exclusive rewards from Nifty Island and partners. • Governance: $ISLAND stakers have the right to vote on governance proposals, directly influencing the future of the platform. ➡️Conclusion The launch of $ISLAND not only marks a significant advancement for Nifty Island but also reinforces the unique 'play-to-airdrop' model in Web3. With diverse utilities, attractive staking mechanisms, and an expanding ecosystem, $ISLAND promises to be a crucial factor in driving the development of this metaverse.

#Solana could potentially have completed the Pullback 🔥 $SOL has fallen onto a Supporting Confluence, which comprises of an Ascending Trendline 🟠 and a horizontal level 🔵 from a previous top. Early signs of price rejection and rebound have also been observed at the level, giving more confidence in completing the pullback.

As the world of cryptocurrencies continues to evolve, investors are constantly seeking opportunities to capitalize on the market's fluctuations. Solana, a decentralized blockchain platform known for its high-speed transactions and low fees, has been gaining attention among traders and investors alike. With its recent surge in popularity, many are wondering if now is the right time to invest in Solana. According to experts, Solana (SOL) is currently showing a promising buying signal. As the cryptocurrency market experiences volatility, it is crucial for investors to pay attention to key indicators that can help determine the best time to buy or sell. In the case of Solana, technical analysis and market trends suggest that now may be an opportune moment to consider investing in SOL. One of the main reasons behind Solana's popularity is its scalability, which allows for faster and more affordable transactions compared to other blockchain networks. This has drawn the attention of both individual investors and institutional players looking for efficient and reliable blockchain solutions. Additionally, Solana's ecosystem continues to expand, with a growing number of decentralized applications (dApps) being built on the platform. While no investment is without risk, the current market conditions and positive outlook for Solana make it an attractive option for those looking to diversify their cryptocurrency portfolio. As always, it is important for investors to conduct their own research and consider factors such as their investment goals, risk tolerance, and market trends before making any decisions. In conclusion, with experts signaling a buying opportunity for Solana and the platform's growing popularity in the cryptocurrency space, now may be a strategic time to consider investing in SOL. However, it is essential for investors to exercise caution and make informed decisions based on their individual circumstances and financial objectives.

Solana deviating from the general market trend – Yes or No? SOL diverged from other coins in the last 24 hours as its volume and price fell. Amidst the prevailing bullish sentiment in the cryptocurrency market, Solana [SOL] has deviated slightly from the general trend, displaying red signals in both price and volume over the last 24 hours. As traders evaluate potential shorting opportunities, new data sheds light on crucial aspects influencing SOL’s current standing. In the recent 24-hour span, SOL experienced a substantial decline in trading volume, plummeting by 21.54%. Simultaneously, the price of SOL dropped by nearly 1% at press time, signaling a deviation from the ongoing bullish trends in the broader crypto market. Following a test of the $118.33 resistance level, SOL faced a notable setback, witnessing a 6.72% decline. The Chaikin Money Flow (CMF) for Solana also witnessed a decline during .

Is Solana’s high transaction fee affecting network activity?  Solana’s network activity remains unaffected, but bearish sentiment around SOL rises.  2024 has been optimistic for Solana [SOL], as it quickly gained a substantial amount of market capitalization. While the token’s price surged, another key metric also climbed up, which might harm the blockchain’s stats.  Latest datasets revealed that Solana’s average transaction fees have risen sharply over the past few months. The blockchain average fee crossed $0.03, way more expensive than average L2s.  Source: X High transaction fees might hurt network activity, as users might execute fewer transactions because of the high cost. Therefore, to see whether this was the case with Solana, AMBCrypto checked Artemis’ data . Our analysis revealed that despite high transaction costs, SOL’s daily active addresses remained relatively high throughout.