Ecosystem
The Clam Island 2 token & 2 NFT Ecosystem
Last updated
The Clam Island 2 token & 2 NFT Ecosystem
Last updated
Clam Island seamlessly integrates yield farming with a fully developed collectible NFT system with provable rarity. It’s a way to have degen farming while backing the reward system with products of real value and longevity.
The Clam Island Ecosystem consists of two types of tokens and two types of NFTs:
1) $SHELL is the governance token of Clam Island and is scarce by design. The only way in which it's supply increases is by burning Clam NFTs to harvest them for $SHELL. The supply of Clam NFTs is limited - only a certain amount of Clams can be bought per week.
2) $GEM is the reward token in the Clam Island Bank (yieldfarm) and the in-game currency to mint Clam NFTs and produce Pearl NFTs. Whenever an NFT is minted, 80% of $GEM spent is burnt, 20% goes to treasury for the development of the product & ecosystem.
3) Clam NFTs have various rarity tiers and billions of possible trait combinations, making each Clam unique. Clams are fully interactive 3D NFTs, that have financial utility. They can boost your yield, when you deposit them, produce Pearl NFTs (which also boost your yield) and are harvestable for $SHELL.
4) Pearl NFTs have various rarity tiers and billions of possible trait combinations, making each Pearl unique. Pearl NFTs can be used to boost your yield in the Clam Island Bank.
