# Pirate Nation Token (PIRATE) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/pirate.html

## Definition
PIRATE is the utility token of Pirate Nation, a fully on-chain pirate-themed RPG, used as the game's economic currency for progression, crafting, and rewards.

## What the holder owns (FORA-01 Q1)
Holder owns PIRATE, the utility token of Pirate Nation by Proof of Play. The project's MiCA-format whitepaper classifies it as a utility token used for in-game actions, upgrades, and crafting, convertible into the non-transferable in-game token GEMS, with staking mechanisms and planned governance participation. Independent exchange descriptions corroborate the utility framing and the GEMS conversion.

## Verification verdict
Class C (Class C) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 UNVERIFIED · q3 UNVERIFIED · q4 UNVERIFIED · q5 UNVERIFIED

## Plain-language utility
In-game currency for the Pirate Nation game.

## Key risks & notes
Critical caveat: in August 2026 the a16z-backed developer Proof of Play shut down after failing to build a sustainable business, open-sourcing the Pirate Nation client, artwork, and smart contracts; the independent Pirate Nation Foundation continues supporting PIRATE, but the game is no longer operated as a live service. The token traded ~99.7% below its July 2024 high at the time of reporting. PIRATE utility depends on revival of gameplay demand under the foundation.

## Primary source
- https://www.piratenation.foundation/PN%20Foundation%20Litepaper_v1.1.02_June2024.pdf

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.