# 3. ERC-20 NIP Token

<figure><img src="https://4266923205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQ37I0vzILism2EkwSvTZ%2Fuploads%2FlA3iO1NLxvmv8JnlqkCE%2Fsirchiz_A_3D_Token_coin_from_the_world_of_tomorrow_floats_effor_506671d3-7c27-4d9d-97b6-d44943022131-hq-scale-4_00x.jpg?alt=media&#x26;token=fcdb49d7-c0ac-451d-bb5a-ba6bc2671307" alt="" width="563"><figcaption></figcaption></figure>

**Space Cats Odyssey NIP Token** serves as the governance backbone for the Space Cats Metaverse, an immersive digital space where series 2 of Space Cats NFTs will come to life. Scheduled to launch alongside the NFT series, this ERC-20 token boasts a maximum supply of 100,000,000,000, ensuring a vibrant and active ecosystem.

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**Distribution**

The **Space Cats Odyssey** **NIP Token** will be made available to all Space Cats NFT Token Holders through pre-sale, with additional incentives in the form of airdrops. Each Space Cats NFT Holder is guaranteed a minimum allocation of 1,000 NIP Tokens.

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**Use Cases**

The NIP Token is designed with a multitude of use cases, enhancing the experience for the Space Cats NFT Token holder community.

* **Mean of Payment:** The NIP Token functions as a medium of exchange within the Space Cats Marketplace, facilitating seamless transactions among community members.
* **Rewards:** Space Cats NIP Tokens will be distributed as rewards for various activities within the Metaverse, including NFT ownership, community engagement, and participation in the gaming aspects of the Space Cats Galaxy.
* **Gaming:** Active participation in the Space Cats Galaxy unlocks NIP rewards for players' space crafts, contributing to an engaging gaming experience. These rewards can be converted into NIP Tokens, further integrating the in-game and real-world economies.
* **Participation in Governance:** NIP Tokens will be distributed as a reward for active participation in the governance model. This involves voting on Space Cats proposals and contributing to the development of the metaverse.
* **Special Promotions:** Regular airdrops will be a part of the Space Cats NFT Holder experience, introducing special promotions and additional NIP Token incentives to the community.
* **Virtual Planet Ownership:** Ownership of virtual planets and land within the Space Cats Metaverse becomes accessible to NFT and Token Holders, creating exclusive opportunities for community members to shape and influence the digital realm.

<figure><img src="https://4266923205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQ37I0vzILism2EkwSvTZ%2Fuploads%2FPJhS5AjQTaHl98a7awV3%2FCAT%20Holding%20NIP.png?alt=media&#x26;token=2d6181aa-5053-40bf-9b5e-3aa53dcccd33" alt="" width="563"><figcaption></figcaption></figure>

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The Space Cats NIP Token not only establishes a governance structure for the Space Cats Metaverse but also provides a versatile utility that enriches the overall experience for NFT and Token Holders through payments, rewards, gaming, governance participation, special promotions, and virtual real estate ownership.


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