Seedify is an incubation and launch ecosystem focused on blockchain games and non-fungible tokens (NFTs). It enables innovators and project developers to access funding, build communities and partnerships, and benefit from a comprehensive support system in order to offer its community blockchain games, NFTs and metaverses. first class.
In less than a year, Seedify has become one of the largest launch platforms in the industry, hosting over 50 successful token offerings with over 4,500 participants in its latest Initial Game Offering (IGO), which was completely elapsed during phase 2 in less than a minute.
Seedify has recently expanded into the NFT sector with the launch of its NFT Launchpad. This is an added value and income generator for its community, which will undoubtedly attract new members willing to take advantage of the many opportunities associated with holding and minting NFT on the Seedify platform.
Through the Seedify NFT Launchpad, SFUND token holders who stake and farm their SFUND tokens on the Seedify staking site will be eligible to participate in initial NFT offerings (INO).
SNFT is Seedify’s NFT token that gives its holders access to a wide range of utilities, including:
- Whitelist allocations on NFT launches via Seedify’s NFT Launchpad.
- Fee reduction when using SNFT – 1% instead of 2%.
- Randomly generated better rates for NFT airdrop chances when buying or selling.
- Cash funding for collaborations, marketing, NFT airdrops and expansions.
- A burn mechanism for SNFTs and a redemption mechanism for SFUNDs.
Seedify takes steps to hedge against inflation to bring more value to SFUND holders
Like most companies in the cryptocurrency industry, Seedify has not been spared the recent bear market that started earlier this year. This situation, coupled with global inflation, economic uncertainty and a shift in the macro economy, caused Seedify to rethink how it balances the scales by choosing to rapidly decrease the inflationary nature of the SFUND instead of waiting. one more year to make adjustments.
Seedify’s first action will be to close deposits for the 180-day pool on August 4, 2022. On October 30, 2022, Seedify will then close deposits for the 90-day pool and then the other short-term pools. On February 1, 2023, SFUND staking rewards will no longer be available.
Although deposits are closed, SFUND holders will still be able to earn SFUND rewards until the expiration date, as the changes will only affect deposit transactions.
The process of starting from hyperinflation and turning it into lower inflation values and eventually non-inflation values is not very new in the crypto industry.
Since there are gradual decreases between APYs in the pool, Seedify will be able to cautiously eradicate any high APYs, eliminating the inflation and selling pressure that comes from staking SFUND rewards.
Essentially, Seedify will limit the quantity while continuing to increase demand for SFUND, allowing the token to continue to grow in value.
Benefits of Seedify staking pools
It is important to note that while staking to achieve such a high annual return, users will also accumulate Seed Staking Points, which will allow them to receive free incubation tokens.
This is also the last chance for SFUND holders to level up with staking rewards; a higher level means higher allocations.
These are the last staking pools that will receive SFUND as a reward. When they are completed, the main inflationary mechanism of SFUND will end, and the future staking system will look different.
The upcoming staking system will work on a longevity multiplier basis, meaning the longer holders stake, the more staking multipliers they will get. The shortest duration, seven days, will start with a 0.5x staking multiplier that will increase to a three times multiplier if holders lock for one year, which is the maximum duration.
Those who choose to bet in the short term will be penalized, and those who bet in the long term will get advantages. These free incubation tokens will be automatically calculated upon each acquisition, producing free claimable tokens for each project, and will be visible on the holder’s dashboard.
The 180-day staking pool: The highest APY and the last opportunity to sign up
The 180-day pool will close on August 4, 2022, this is the last chance for all holders to reap the benefits of a 90% annual return.
To join the staking pool, holders must complete the following steps:
- Go to the Seedify websitethen click on “Staking/Farming”, then “Stake”.
- Choose “180 days”
- Click “Approve”.
To learn more about Seedify, please visit the following links:
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