Research Report | Space Nation Project Overview & OIK Market Analysis

I. Project Introduction

Space Nation is a Web3 space opera MMORPG (Massively Multiplayer Online Role-Playing Game) where players explore the universe, interact with pirates, native factions, and alien species, discover uncharted star regions, and build their own space civilization. More than just a game, Space Nation is designed as an immersive metaverse that integrates blockchain, artificial intelligence (AI), and a virtual economy, creating a shared digital world where sci-fi enthusiasts and Web3 participants can collaborate and interact.

At the heart of the Space Nation ecosystem is Space Nation Online, which is evolving into a virtual universe (OASIS) capable of hosting 100 million digital citizens. This foundation supports a broader ecosystem that includes:

• AI personal assistant "AI First Mate"
• NIO sandbox world, where AI agents coexist
• A variety of expansion games (such as shooting, LBS, tower defense, TCG, etc.)
• Cross-media IP, extending the story through TV series, animation, and novels

This ecosystem not only enhances player immersion but also provides a platform for Web3 creators to generate content and monetize their contributions.

The ecosystem token $OIK plays a central role, supporting incentives, access permissions, payments, and governance. Players can earn $OIK through the Proof of Contribution (POC) system, use it for in-game transactions, stake it to unlock additional rewards, and participate in governance decisions within a DAO framework. Additionally, $OIK facilitates NFT trading, in-game asset transactions, and developer content monetization, ensuring the ecosystem’s long-term sustainability.

II. Project Highlights

1. Web3 + AI: Creating an Immersive Space MMORPG

Unlike traditional Web3 games, Space Nation is a comprehensive metaverse that merges MMORPG gameplay, AI-driven interactions, and an NFT-based economy. The in-game AI First Mate functions as an intelligent assistant, helping players complete tasks and manage resources. Meanwhile, NFT technology enables true ownership of in-game assets, such as spaceships, equipment, and character skills. This decentralized virtual economy ensures that players have full control over their digital possessions.

2. Expanding Gameplay Through Cross-Ecosystem Storytelling

The Space Nation ecosystem extends beyond the core MMORPG, encompassing the NIO AI sandbox world, multiple spin-off games (shooting, tower defense, LBS), and cross-media IP (TV series, animation, novels)—all interconnected. Game storylines can continue in other media formats, and NFT assets can be utilized across various games, breaking the traditional boundaries of standalone games and creating a long-lasting sci-fi universe.

3. A Sustainable $OIK Token Economy

$OIK is more than just an in-game currency—it is the foundation of the entire Space Nation ecosystem. Distributed via the Proof of Contribution (POC) system, it rewards active players while also supporting NFT trading, marketplace transactions, and staking incentives. The POC system calculates rewards based on player activity, asset ownership, and task completion, preventing the inflation issues commonly seen in traditional "mine-sell-dump" models and ensuring that $OIK retains long-term value within the ecosystem.

4. Real Market Demand Reduces Speculative Risks

Unlike many blockchain-based games that rely on speculative hype, Space Nation generates real value through player spending, NFT trading, and AI-driven ecosystem demand. The primary use cases for $OIK include:

• In-game item purchases
• Upgrading NFT assets
• AI subscription services

This structure ensures consistent, long-term demand for $OIK. Furthermore, Space Nation supports cross-chain NFTs, compatibility with major blockchains, and integration with traditional entertainment industries, allowing both Web2 and Web3 players to participate seamlessly, reducing market instability caused by excessive speculation.

III. Market Valuation Expectations

As a Web3 space MMORPG that integrates AI-driven interactions and an NFT-based economy, Space Nation aims to establish a sustainable gaming ecosystem. The $OIK token, which powers the ecosystem, is utilized for game rewards, NFT trading, and DAO governance. Its potential market valuation can be compared to other leading Web3 gaming and metaverse projects, such as:

• Axie Infinity (AXS)
• Illuvium (ILV)
• Decentraland (MANA)

IV. Economic Model

Total Token Supply: 1,000,000,000
Initial Circulating Supply: 84,250,000

Token Allocation & Release Schedule:

• Game Rewards (44%): Unlocks 24,250,000 $OIK at TGE, followed by monthly releases with annual decay, ensuring distribution over 10 years.
• Ecosystem Development (10%): Unlocks 10,000,000 $OIK at TGE, followed by linear release over 18 months.
• Marketing (10%): Unlocks 25,000,000 $OIK at TGE, with the remaining amount released linearly over 9 months (25%, 10%, 10%, 10%, 5%, 5%, 5%, 5%).
• Seed/Seed+ Round (12.2%): 6-month lockup, then gradually released over 24 months.
• Private Round (1.3%): 3-month lockup, then released linearly over 24 months.
• Advisors (4%): 6-month lockup, then released linearly over 24 months.
• Team Incentives (16%): 12-month lockup, then released linearly over 18 months.
• Liquidity (2.5%): Fully unlocked at TGE to ensure market liquidity.

Token Utility:

1. In-Game Rewards: Players earn $OIK through the Proof of Contribution (POC) system and can use it for NFT trading, equipment upgrades, and asset leasing, enhancing their gaming experience and earnings.
2. Ecosystem Participation Incentives: $OIK is integrated into Space Nation’s cross-media IP and NIO AI world, encouraging players to contribute to ecosystem growth, invite new users, and complete community missions, fostering deeper engagement among token holders.
3. Governance & Voting: In the future, $OIK holders will participate in Space Nation DAO governance, influencing decisions on game mechanics, ecosystem fund allocation, and IP development, shaping the future of Space Nation together.

V. Team & Funding

Team Information:

Space Nation is developed by a team of over 90 professionals with expertise in MMORPG development, operations, and storytelling.

• Co-founder & CEO: Jerome Wu

  • Former first product manager of World of Warcraft China
  • Over 20 years of experience in the gaming industry
  • Former VP of Baidu Games and President of 360 Games
  • Brings extensive Web2 gaming expertise and resources to Web3

• Co-founder & Co-Creator: Roland Emmerich

  • Renowned Hollywood director
  • Known for Independence Day, The Day After Tomorrow, 2012
  • Provides sci-fi storytelling expertise for Space Nation

Funding:

On June 28, 2023, Space Nation completed a funding round with investors including:

• Foresight Ventures, SevenX Ventures, HashKey Capital, Arcane Group, Phoenix Capital, ChainHill Capital, JDAC Capital, Assembly Partners, and Lighthouse Capital.

Although the funding amount and valuation remain undisclosed, the involvement of high-profile investors indicates strong financial and resource backing for game development, ecosystem expansion, and global marketing efforts.

VI. Potential Risks

1. $OIK’s long-term value depends on player adoption, token utility, and market demand. A decline in player engagement or a lack of meaningful use cases could lead to inflation or price volatility.
2. Sustaining player interest is crucial. Web3 gaming has yet to prove robust user retention, and if the game mechanics, economic model, or overall experience fail to meet expectations, it could result in slow user growth or high player churn, affecting the ecosystem’s stability.

VII. Official Links

• Website: https://spacenation.online/
• Twitter: https://x.com/SpaceNationOL
• Discord: https://discord.com/invite/spacenation