Aftermath Islands to mint native DUBS token on DigitalBits blockchain

By:
on Jul 29, 2022
  • Aftermath Islands native utility token Doubloons (DUBS) will be minted on the DigitalBits blockchain.
  • A total of 3.5 billion DUBS tokens will be minted, with 1 billion used in-game on Lost Kingdom of T’Sara.
  • DUBS will also be added to liquidity pools on the decentralised exchange (DEX) platform NicoSwap.

Aftermath Islands, one of the fastest-growing blockchain-based gaming ecosystems, has announced that it will mint its native utility token Doubloons (DUBS) on the open-source blockchain network DigitalBits.

DUBS, an in-game currency for the Aftermath Islands ecosystem, will also go live on NicoSwap, a decentralised exchange (DEX) protocol on the DigitalBits blockchain. The token’s listing on the exchange is expected to add value to the Aftermath Islands’ virtual offering and benefit customers within its gaming and metaverse space.

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1 billion DUBS tokens for rewards

Aftermath Islands Metaverse Limited plans to mint 3.5 billion DUBS tokens, with about 1 billion of these earmarked for distribution within the free play-to-earn (P2E) game Lost Kingdom of T’Sara. According to the platform, the tokens will be for in-game rewards and incentives, and also to facilitate the ecosystem’s marketing activities.

DUBS’ addition to the decentralised exchange NicoSwap is scheduled for Q3, 2022 and will introduce a liquidity pool and Automated Market Making opportunities for users.

Commenting on the mint and the what the Aftermath Islands Metaverse Limited team wants to achieve, David Lucatch, Managing Director, said:

We believe that DigitalBits has a very progressive and innovative approach to Blockchain and is aligned with Aftermath Islands’ philosophy of inclusiveness and interoperability which allows us to grow our utility token, DUBS throughout our ecosystem and potentially others over time.”

Aftermath Islands just scored a huge investment

The details of DUBS token mint, shared with Invezz today, were made public at the Monaco Crypto Summit, and comes hot on the heels of headline news for the virtual reality platform.

Earlier this week, Aftermath Islands announced a $25 million funding round led by global investment firm LDA Capital, and followed that with the acquisition of Meta Hero Project, with the latter adding tradable in-game items and non-fungible tokens (NFTs).

The key developments also come just a few months following Aftermath Islands’ snapping of soccer legend David Beckham as its spokesperson, as well as inking a sponsorship deal with FC Roma.

The Aftermath Islands team, led by top tech entrepreneurs, developers and designers, is making giant strides in advancing Web3 gaming and the metaverse industry. The team has worked with household names such as Marvel, DC Comics, Paramount, and Warner Bros, among other global brands and institutions.

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