Nifty Island is launching its ISLAND token on December 17, with a total supply of one billion tokens. The distribution includes 40.1% for the community, 12.6% for participants of a play-to-airdrop campaign, and significant allocations for the team, investors, and project treasury, with various lock-up periods. Staking ISLAND will provide holders with enhanced rewards, exclusive resources, and governance voting rights within the Nifty Island ecosystem.