Seedworld Founder's Update #2
Rebirth: A New Seedworld Experience
Hello Seedworld Community,
Every good story comes with moments where we find ourselves in a state of magic, to rewrite everything, reshape what’s thought as molded, and choose to be reborn again…
When we choose the adventure for a Rebirth; and discover the inner will for wild transformations to take place, our fate and story will change.
When we look around, the most extraordinary outcomes happen when we choose the path of a transformative Rebirth process, instead of incremental improvements.
Today, I want to share with you 3 areas where Seedworld and our community will experience the Rebirth:
Vanguards (and then Mounts) — turning into a place of magical art that will transform how people view Seedworld IP and its community.
Communication — that fosters constant transparency where biweekly Seedworld Dev Updates, Founder Updates, and Team AMAs make everyone become part of the builder’s journey.
Holder Rewards — where holding Seedworld assets becomes a vastly exciting process, for more and more people, due to the rewards that come with them.
This new story has to come with a fresh protagonist.
$SWORLD.
The token of Seedworld.
In April, Seedworld Vanguards and Mounts will begin to generate points for $SWORLD airdrop. Instead of hard-staking, where you need to pay a lot of gas fees, we are going for soft-staking!
Soft-staking will include a dashboard to see your $SWORLD airdrop points, NFTs, and rewards statistics.
Rarer Vanguard skins and rarer Mount types will come with more daily points
The more NFTs you hold, the bigger the airdrop you will receive
Soft-staking will only count the unlisted NFTs that are in your wallet
15% of the $SWORLD total supply will be dedicated to NFT holder rewards
The vesting at TGE will be 20%, and each month after the TGE, the points will count past 30 days to ensure only continuing holders are rewarded.
The $SWORLD rewards for NFT holders will continue for 8 months after TGE (Token Generation Event).
If you want to receive $SWORLD airdrops by holding NFTs, you can find them on Blur. Rarer Vanguards “skin” traits and rarer Mount “variation” traits will generate more $SWORLD airdrop points daily.
Also, as mentioned at the beginning of this article, both sets will go through a rebirth, with Vanguards being first:
Seedworld NFTs will also come with a multiplier in $SWORLD engagement campaigns. Currently, we are building this platform with the best company in the space for this task.
With the start of the engagement campaigns, expect a much more boosted Seedworld and $SWORLD social presence as we get closer to the token launch and other activities revolving around the Rebirth.
2.5% of our total supply will be dedicated towards these initial activation campaigns. The first season (1.25% of the total supply) airdrops will be for those who support the growth of Seedworld with social engagement, awareness, and reach. The second and third seasons connected towards UGC activities for Seedworld’s creative world-building with everyone.
With these activations, we aim to drastically boost our user base, share the wins with everyone, and then build fun & exciting stuff in Seedworld for others to experience together!
Let’s also shed more light on $SNFTS, which was airdropped to $SFUND holders + NFT holders from multiple communities in 2022.
$SNFTS token utilities in Seedify NFT Launchpad (coming soon) + all previously announced Seedworld utilities will be transferred to $SWORLD with the TGE.
Burning $SNFTS will be done through a dashboard, where you will be able to buy & burn $SNFTS easily, see the total $SNFTS you burned and others burned, and your burn percentage compared to the total burners.
18% of the $SWORLD supply will be allocated towards the $SNFTS burn pool, in line with the $SNFTS circulating supply.
The vesting will be 25% of TGE + 1-month cliff + 4-month linear vesting.
$SWORLD tokenomics initial market cap and FDV will be much lower than $SNFTS.
$SNFTS’ use case for participating in Seedify NFT Launchpad + all previous Seedworld-related utilities will be fully transferred to $SWORLD.
There will also be a bonus pool for early SNFTS burners, with a 1% total supply, and 100% TGE. These bonus SWORLDs will be divided among those who burned SNFTS in a 1-month time frame from the launch of Burn Dashboard.
In the dashboard, you will see how much SNFTS you burned and your percentage compared to total burners in that 1 month. Your percentage then will define the amount of your free claimable bonus SWORLDs at TGE, with 100% unlock.Also, the first node sale tiers will be dedicated to SNFTS burners. This means buying the nodes with the best pricing. There will be certain burn amount requirements here, which will be announced in future updates where we will talk about Seedworld Nodes & more.
More detailed information and guidelines on how to burn $SNFTS for $SWORLD will be released before the burn dashboard is live.
Lastly, let’s share more on scaling.
Until now, Seedworld has been completely bootstrapped, boasting 53 full-time team members while writing this article, without any outside investment or fundraising. This was a very unorthodox strategy for a UGC platform, of such a scale.
However, it is now key to bring more power & momentum into scaling the Seedworld team for the platform release, and user adoption activities. Ultimately, the biggest and longest-lasting results for all holders will come from having an extraordinary platform home to a massive user base, with use cases for $SWORLD and Seedworld NFTs.
We will soon begin inviting known VCs, gaming guilds, communities, and KOLs for the raise rounds.
To foster a true Rebirth, and aim much higher than ever, we understand that we can’t play small anymore, and try to do everything in a bootstrapped way.
We will also announce an extremely unique Node mechanism that will be a first in the web3 space. Something that will empower the creative explosion in Seedworld while rewarding both Node holders and the Seedworld community.
The full tokenomics and more reveals will be announced on our blog in April.
Stay tuned and get ready for The Rebirth!
Additional UPDATES - 1st of April 2024
Updates on SNFTS Burn mechanism for SWORLD tokens
After the Founder’s Update #2 was released, while most information was received with vastly positive reactions, we realized that on the SNFTS burn part, certain updates were deemed necessary after hearing about our community’s feedback and suggestions. After listening to our community, we decided to share these extra updates:
Instead of an 8-month vesting, we are reducing the SWORLD vesting of SNFTS burners to 6 months.
There will also be a bonus pool for early SNFTS burners, with a 1% total supply, and 100% TGE. These bonus SWORLDs will be divided among those who burned SNFTS in a 1-month time frame from the launch of Burn Dashboard.
In the dashboard, you will see how much SNFTS you burned and your percentage compared to total burners in that 1 month. Your percentage then will define the amount of your free claimable bonus SWORLDs at TGE, with 100% unlock.Also, the first node sale tiers will be dedicated to SNFTS burners. This means buying the nodes with the best pricing. There will be certain burn amount requirements here, which will be announced in future updates where we will talk about Seedworld Nodes & more.
We hope the above updates will create a more satisfactory experience for SNFTS holders who want to burn their SNFTS tokens for the SWORLD launch. Thank you!
Frequently Asked Questions
In this part, we would love to answer certain frequently asked questions, that came up from our community members after reading the article:
Why did we decide on a vesting schedule for SWORLD?
This enables the initial market cap of SWORLD tokenomics to be welcoming for everyone outside and thus be able to reach a much bigger audience from the start. Therefore, preparing for a SWORLD launch with a boosted outside demand in this new beginning.Will SWORLD only be paired with SFUND too?
SWORLD will not be only paired with SFUND. We want SWORLD to fly on its wings, listing it on many exchanges and having it on many different layers for farming. There will be a SFUND/SWORLD farming pool too, but that won’t be the only one.
Will there be farming rewards for SWORLD farmers?
Yes, there will be farming rewards for those who wanna farm SWORLD.Will there be token sinks for SWORLD after the launch, to support healthy emissions and tokenomics?
Yes, starting with the Nodes, and Node upgrades, there will be token sinks for SWORLD, where a good part of the circulating supply will be used. Thus fostering a healthy supply and increasing demand. More information on Nodes and Node Upgrades will be announced in future updates. There will be many more token sinks for SWORLD in the future as our platform is designed with a web3 economy in mind.
Kind Regards,
Levent Cem Aydan
Seedworld, Founder
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