Today we continue to talk in order of market capitalization. The project S is talking about today is the Web3 game incubator and launch platform on the BSC chain. The current market value is 140 million US dollars. It is also an old project in 21 years. The current exchange rate is 2.3 US dollars. Although it has increased several times this year, it is still far from the highest point of 16 US dollars in 21 years. If we look at the progress of the bull market halfway, it is a bit uncertain to surpass the previous high this time, but we still have to see how the project is.
Introduction
SFUND (Seedify) is an incubator and launch platform focused on blockchain games, which helps innovators and project developers by providing access to funding, community and partnerships, and a complete support system to help drive the future of games and blockchain. Its ecosystem also includes the NFT launchpad for games and metaverse assets, and the industry's first game and metaverse asset-centric NFT market, Seedify NFT Space.
Seedify employs an IGO launchpad with a tiered distribution mechanism, enabling $SFUND holders to stake their tokens and earn staking rewards while gaining access to premium, sourced blockchain gaming projects through private sales and initial game offerings.
Seedify.fund Ecosystem
The Seedify.fund ecosystem consists of mutually supporting product features and mechanisms. These key product features and mechanisms include:
-Capital pool
-Incubator
-Community Engagement Projects
- Community participation rewards
-mortgage
-Launch pad
-Liquidity Mining
-KNIFE
-Solution Partner Program
-The Seedify.fund dashboard, which provides users with a simple experience interacting with these systems.
Funding pool mechanism
Seedify.fund’s seed pool will be transparent to the entire community. There will be two mechanisms to increase this pool to support the growing amount of seed funding: token distribution from seed funding projects and reserve tokens provided to the pool in the token economics section.
Projects selected through community DAO voting to enter the Seed Funding and Incubation Program will receive $75,000.
In exchange, Seedify.fund will sign a contract with the funded project and receive 3% of the tokens.
The acceptance threshold here would be proposed to be set at 80% of “yes” votes, so that only projects that are favored by the majority of the Seedify.community are invested in. (This parameter will be changed through DAO governance as the Seedify.fund pool grows.)
Distribution of 3% of tokens generated from project funding:
In order to fund new projects through Seedify.fund, 50% of these tokens generated by Seedify from the fund will be allocated to expand the funding pool to support more project funding.
25% of the tokens generated from the incubated projects will be distributed to token holders who stake on Seedify.
15% of tokens will be allocated for community participation program rewards.
10% of tokens will be allocated to Seedify.fund operations to allow Seedify. to maintain and grow a full-time team, have resources for marketing and future development, and allocate resources to strategies that will increase adoption of the Seedify.fund ecosystem.
A new approach to staking rewards
Seedify.’s token supply will not increase through staking rewards (non-inflationary), however, it will reward tokens to projects that Seedify. has incubated through a decentralized selection process.
The more $SFUND tokens a user stakes and the longer they stake, the more reward tokens they can receive from projects incubated on Seedify every month.
Seedify.Distribution is done monthly, with a new epoch starting at the beginning of each month, and 25% of all tokens obtained from the project that month are redistributed to stakers at the end of the epoch.
Furthermore, to simplify all of these processes and create maximum transparency, Seedify.fund will have a staking dashboard where users will be able to view:
- Rewards for the current month,
- Past rewards,
- Token distribution cycle for each project,
- Users’ collateral and collateral value,
- How many tokens users will receive from each project at the end of the epoch,
- And one-click mortgage and unmortgage functions.
How the Seedify IDO Launchpad Works
Tier System
Seedify Launchpad uses a 9-tier system based on $SFUND holding requirements, ranked from 1 to 9 from low to high. The higher the tier, the more tokens will be allocated in the IDO.
The first tier is lottery based with 500 wallets whitelisted per IDO. All other tiers have a guaranteed allocation in each IDO.
The higher the level, the more incentives
All tiers are eligible to participate in the IDO, but Tiers 6 through 9 have access to private placement opportunities, and Tier 9 members also have exclusive access to early offerings through Seed Club.
Seedify V2 New Features
Seedify was a dedicated IDO platform when it was first launched, and has successfully launched more than 50 projects so far. In the launched V2 version, the Seedify IMO launch platform is a launch platform dedicated to metaverse assets. These assets can range from rare collectibles to land, avatars, vehicles and other items, many with unique utility and uses, all minted as NFTs to ensure uniqueness and provable ownership. That is, on the basis of the original token, the issuance of NFTs has been added.
Token Economy
The project was launched in 2021, with a total supply of 100 million tokens. The current circulation is 60,372,373, with a circulation rate of 60%. The current exchange rate is US$2.4, and the peak was $16.7307 (2021-12-01). In terms of token distribution, 50% was given to the fund pool, 16% to the team, 10% to the first year's market & R&D fund, 9% to liquidity mining rewards, 7% to mining rewards, 6% to the initial funding pool, and 2% to the initial operation pool.
Other data: 980,000 followers on Twitter, 70,000 on Discord, and 80,000 token holders on the BSC chain.
Finally, let me summarize this project. Currently, too many platforms are implementing the concept of IDO, not only many CEXs, but also many DEXs, and even many other swaps. There are also some other projects, such as the auction platform mentioned earlier, and other old-fashioned projects such as DAO maker, etc. Therefore, whoever has more traffic may have a better chance, because there is actually no threshold for being a platform. The problem is to sell the tokens of the project party, so whoever has more traffic can take the initiative. After all, there are only so many good projects, and most of the projects are junk projects. Moreover, this wave of price comparisons also reflects that the current mainstream is close to a new high, and the gap between it and the new high is a bit large.
Therefore, it is not easy for the project to break through at present. It needs to continue to launch some good projects, such as those that increase by a hundred times once launched, to attract traffic, just like the previous auction did. However, once there are no such projects, the price comparison will go down quickly.