Clam Island is an immersive 3D island where you can invest using the power of blockchain and yield farming by interacting with in-game characters. You can also buy Clams and use them to produce Pearls, both of which are NFTs that you can use to generate yield, boost your investment returns, keep because they’re cool, or sell to another collector.
In short, we want to make investing easy and fun. Perhaps you have heard of Play-to-Earn. At Clam Island, we see ourselves as the first Play-to-Invest solution on the market.
If you don’t know what yield farming and NFTs are, don’t worry, we’ll give you a short explanation later — but we do recommend that you also research the topics yourself to stay informed.
A picture is worth a thousand words, so rather than waste more time explaining, this is Clam Island:
Nice place, isn’t it? You can visit it by going to
https://clamisland.fi. But what to do once you’re there?
Well, as you can see, we are not yet open, but once we are open, you can go into any one of the five buildings to do various things.
Clam Island BankThis is the building you see in the centre of the island. Once inside, you will be greeted by Tanja, our resident Clam Island banker:
Inside the bank, you can do a number of things:
Exchange between cryptocurrencies (in the future, you will be able to directly use currencies such as dollars, euros and others to buy a cryptocurrency of choice).
Choose an investment pool to deposit your funds. There will be a range of different cryptocurrencies, with each pool yielding a variable rate of return. Some pools are safer than others in terms of price volatility — we have given them a risk rating as a guide. Riskier pools tend to have higher yields, but you would be more exposed to a drop in the value of your principal.
Collect your yields in the Clam Island native currency, $GEM. These tokens can be easily converted to other cryptocurrencies, be invested into the native $GEM token pools for higher yields, or be used to buy Clams / produce Pearls! Keep reading to find out what Clams and Pearls are all about.
Boost the yields in particular investment pools using your Clams or Pearls. The amount of $GEM boost will depend on the traits of your Clam or Pearl.
This is the building on the far left. From the resident shopkeeper, Diego, you can:
Purchase Clams with $GEM tokens, which you can buy from the Bank or earn from your investment pools. 80% of the $GEM used is burned (meaning destroyed forever) to combat token inflation and to create a sustainable ecosystem, while 20% of the $GEM is transferred to Clam Island treasury to fund ongoing Clam Island development. We have a much bigger vision for Clam Island and many planned features and expansions — stay tuned!
Harvest your Clams for $SHELL tokens, which is the governance token of the island. The harvesting process will destroy your Clam and is irreversible! The more Pearls your Clam has produced, the more $SHELL tokens it can be harvested for (unless the Clam is dead — pay attention to the Lifespan trait! More on this under the Farm heading). These tokens will allow you to participate in future democratic governance decisions relating to the development and management of Clam Island, and they can also be invested in the Bank to earn yields in $GEM. The supply of $SHELL is limited and can only be increased from harvesting Clams.
All Clams are fully rendered in 3D and interactive. No gifs or videos here!
Every Clam that you buy has randomised traits. There are over 6 billion different possible combinations, including a variety of shapes, colours and tongues, so your Clam is almost certainly going to be unique! Here’s an example of a few Clams:
Deposit Clams in order to produce Pearls. It costs 10 $GEM and takes between 1–5 days to produce one Pearl, and each Clam has a fixed lifespan trait (randomised between 5–15) that dictates how many Pearls it can produce before it dies. A dead Clam can still be traded or held as a collector’s item, but it will no longer be able to be harvested for $SHELL tokens in the Shop, and it can no longer produce Pearls.
Collect produced Pearls and withdraw deposited Clams (for example, if you want to sell them).Main links:https://t.me/clamislandhttps://twitter.com/clam_islandhttps://discord.com/invite/aH6U2hjby7https://clamisland.medium.com/https://clamisland.fi/
