Pirate Nation Foundation announces PIRATE token economics, with community allocation accounting for 47%

On June 5th, Pirate Nation Foundation announced that it will launch the ERC-20 token PIRATE on the Ethereum network on June 13th. The total supply of PIRATE is 1 billion, with 47% allocated to the community, 28% allocated to the team, 13.25% allocated to the ecosystem, and 11.75% allocated to investors and advisors.

On the day of the TGE (token generation event), the only players and collectors of Pirate Nation who can claim PIRATE tokens. US citizens will not be able to claim PIRATE tokens.