UGC-focused web3 gaming platform Seedworld has formally launched its Seed Roots NFT sale at this time, September 30, 2024 at 13:00 UTC.
The sale provides 20,000 Seed Roots NFTs throughout 30 tiers, every with various costs and provides.
The primary six tiers are restricted to particular contributors, while the general public sale will open with Tier 7 on October 4.
Supply: SeedworldWhat are Seed Roots?
Seed Roots are foundational NFTs inside Seedworld’s ecosystem, permitting holders to offer grants to builders and creators.
These NFTs allow contributors to assist the creation of latest content material on the platform. In return, Seed Roots holders will obtain rewards in $SWORLD, Seedworld’s native token.
The Seed Roots NFTs even have improve potential, which can increase their utility over time. They’re designed to combine with different platform property, similar to Land NFTs, creating alternatives for enhanced rewards.
Supply: SeedworldHow is the Seed Roots sale structured?
The Seed Roots sale is structured into 30 tiers, every with totally different provides and costs.
The sale started with Tier 1, providing 1,509 NFTs at a value of $500 (ETH equal). Because the tiers progress, higher-numbered tiers will supply fewer NFTs at rising costs.
Tier 7, which marks the beginning of the general public sale, will function 943 NFTs priced at $1,130 (ETH equal) and will likely be accessible from October 4 at 13:00 UTC.
As soon as bought, all Seed Roots NFTs will likely be transfer-locked for 12 months, although there are provisions for exceptions in particular instances, similar to compromised wallets.
Supply: SeedworldWhat are the advantages to holding Seed Roots?
Seed Roots allow holders to challenge grants to builders and creators inside Seedworld with no need to take part in conventional DAO voting processes.
Rewards for Seed Roots holders will likely be generated by way of in-game transactions involving $SWORLD tokens and the platform’s foreign money, Ame.
Seed Roots may be upgraded over time, increasing their performance. This contains the choice to attach them with Land NFTs to unlock further options and incomes potential.
Seedworld has additionally introduced that 15% of the income from the Seed Roots sale will likely be used for token buybacks of $SWORLD, which can assist assist the platform’s token economic system.
Supply: SeedworldWhat’s subsequent to Seedworld?
Seedworld plans to introduce extra performance for Seed Roots in a number of phases.
Initially, holders will be capable of stake $SWORLD tokens to earn rewards. Future phases will introduce further options similar to upgrades, prediction markets, and alternatives to have interaction in in-game actions to extend reward era.
Contributors who buy Seed Roots earlier than the $SWORLD Token Technology Occasion (TGE) on October 11 will obtain a 20% token unlock when the occasion happens.
