Pirate Nation Burns 540,000 Tokens in 5 Weeks
Pirate Nation Burns 540,000 Tokens in 5 Weeks
🏴☠️ Tokens Walk The Plank

Pirate Nation's Shop has implemented a significant token burning mechanism, permanently removing 540,000 $PIRATE tokens from circulation over the past 5 weeks.
Key points:
- 50% of all $PIRATE spent in the Shop is automatically burned
- Burns started mid-January with the Shop Drop launch
- Token burning reduces total and circulating supply permanently
- Program will continue for the foreseeable future
- Staked $PIRATE holders receive 10% discount on purchases
The initiative aims to create new dynamics in the game's economy while reducing token supply. Management may adjust burn rates based on results.
In the last 5 weeks, the Shop has burnt 540,000 $PIRATE tokens, permanently reducing the supply. Pirates love deflation 🔥🏴☠️
GM Pirates In a little over 3 weeks, 373,000 $PIRATE tokens have been burned via Shop sales and sent down to the depths, permanently removed from the token's supply 🔥🏴☠️
YARGH from prow to stern, Pirates! To date, the Shop has burned over 460,000 $PIRATE tokens, permanently reducing the total supply by that amount forever. Back to hunting treasure 🏴☠️
Phase 1 of today's Shop Drop has completely sold out! The Bandit Ship collection wrapped in <10 minutes and the Pirate Skin chests were done in under 30 Phase 2 lands in ~10 hours, at 11pm ET / 04:00 UTC In Phase 1 of the sale alone, we've now burned 135,000 $PIRATE 🔥🏴☠️
🇰🇷 Korean Runners Claim 7 of Top 10 Spots as Prize Pool Hits $13,800

Korean athletes are **dominating the global running competition**, securing 7 out of 10 positions in Total Runs and 5 spots in Best Run categories. The World Stars team isn't backing down, holding **4 competitive slots** and keeping the race tight. **Key highlights:** - Korea leads with 70% of top Total Runs positions - Prize pool has reached **$13,800 and continues growing** - Competition remains fierce between nations - Global participation driving increased rewards The battle for national pride intensifies as more runners join the competition, pushing the prize pool higher and creating opportunities for athletes worldwide.
Arcade Week 8 Payouts Complete - Top 100 Players Rewarded

**Week 8 Competition Concluded** Arcade has distributed prizes to all qualifying top 100 finishers across both Total Runs and Best Run leaderboards. Payouts were made in Abstract USDC as previously announced. **Key Highlights:** - Top 3 performers on each leaderboard received special recognition - All qualifying players in top 100 positions have been paid - Rewards distributed following the conclusion of Week 8's $10K+ prize pool **What's Next:** Week 9 introduces the new **Rep Your Region** competition format, replacing the previous weekly structure. Players can jump back into the action with this regional-based competition system. The transition from individual weekly competitions to regional team-based gameplay represents a shift in Arcade's competitive format.
Bagholder Brawl Heats Up

The **Bagholder Brawl** competition is underway with team **$CYCLOPS** dominating the leaderboard. **Key highlights:** - Over **$27k in total prizes** available - **$17k currently allocated** to team $CYCLOPS - Strong performance from player **lilwassie** driving the lead **Competition format:** - Only the **top three teams** will win prizes - Players must choose their team and build their scores The one-eyed team's early success sets up an intense battle as other teams work to close the gap in this high-stakes arcade competition.
Pirate Token Burn Event Sees 135,000 PIRATE Tokens Removed

A significant token burning event for $PIRATE has successfully concluded with impressive results: - 135,000 $PIRATE tokens were removed from circulation in under 30 minutes - The Bandit Ship collection sold out in less than 10 minutes - Pirate Skin chests were fully claimed within 30 minutes This burn event was part of a two-phase Shop Drop, with Phase 2 scheduled for later implementation. The rapid sellout demonstrates strong community participation in the token burning initiative. *Next scheduled burn event will commence in approximately 8 hours.*
Limited Time Offer: 40 PGLD in Epic Chests

Ahoy, Cabin Pals! During our recent Town Hall, Amitt showcased our new game editor tool and announced a temporary boost to Epic Chests in Exploration mode. For a limited time, these chests will offer 40 PGLD instead of the usual 30 PGLD. Key points: - New game editor tool demonstrated - Epic Chests now contain 40 PGLD in Exploration mode - Offer ends Friday, reverting to 30 PGLD Don't miss this opportunity to maximize your PGLD earnings! Set sail and explore before the offer expires.