Seedify: $SNFTS — The Grand Switch
Since the beginning of $SNFTS, we’ve talked about it becoming a deflationary token one day.
First burns will begin with The Mounts sale and then the Resourced Lands sale. Also, the NFT Marketplace, which will be home to the Metaverse and Web3 Gaming assets, had some intrinsic systems that make $SNFTS burning a byproduct (and $SFUND buybacks).
On December 1st, the vestings of the airdrop launch got completed, which distributed our initial supply to more than 115k people. $SFUND holders + 30 NFT communities, to be specific.
It is now time to reveal The Grand Switch.
For those following the storyline posts on our Twitter regarding our Metaverse, Mounts, and other shared material, there was a mysterious resource called Amé.
To be more specific, Amé is the life force of our Metaverse. It is both:
- the virtual currency that runs the economy
- as well as a resource for magic and alchemy
Amé is scarce and gets added to the economy only by burning $SNFTS.
Every time users or the Metaverse treasury decides to create Amé, The Grand Switch needs to be used, infusing $SNFTS into Amé, burning the $SNFTS in the process.
Since $SNFTS has a total supply of 20 billion, there can be only 20 billion Amé in existence, which will emit through burning $SNFTS in various ways:
- Users wanting to infuse their $SNFTS into Amé
- Metaverse NFT sales (set launches + marketplace usage)
- Community activities (??? -> more to be revealed by reading this article)
Let’s dive a bit deeper into how Amé will interact with the goods and resources in the Metaverse, as well as its swap feature:
- Amé is similar to the “gold” we see in many MMORPG games: when a user wants to exchange goods, resources, and items in the game, these transactions get done through Amé. Let’s say you are a lumberjack; you cut wood in the forests for a living. And then, you go to an auction house to sell the wood to other players looking to buy; you earn Amé in the process. Or vice versa, you need some resources and items and buy them with Amé from other players in the auction house.
- In MMORPG games, there are black markets to sell your gold. If you played MMORPG games, you might have bought some gold from such places through a peer-to-peer outside exchange.
- In our Metaverse, we will introduce a platform for buy and sell orders for players to exchange Amé into $SNFTS or $SFUND. This function will be available both on our website and in the Metaverse.
As an added note, when Amé gets exchanged with $SNFTS or $SFUND, it does not create new tokens. So $SNFTS burned for Amé is burned for good.
Also, while golds in MMORPG games are infinite resources, Amé is introduced as a scarce currency through the 1:1 $SNFTS burning mechanism. Thus, serve to create a more advanced economy within the Metaverse.
Let’s now dive into another vital topic connected with the economy of the Seedworld and $SNFTS.
Yes, you heard it; our Metaverse is called Seedworld.
$SNFTS, from the start, was mentioned as having more and more functions that will foster it to become a deflationary token instead of an inflationary one.
With the reveal of The Grand Switch, there are two other topics we would like to discuss, the first being the current APRs of the pools and $SNFTS halving.
For each $SNFTS and Amé to be more scarce and valuable in nature, the first significant change we will introduce is closing the current $SNFTS staking pools to deposits.
The last day for deposits into current $SNFTS staking pools with the current APRs (up to 40%) will be the 30th of this month (January). The following staking pools we will open right after will only have up to 5.5% APR.
Similarly, the SNFTS farming pool (SNFTS/SFUND) will halve on the 31st of this month. The new reward will be 25 million $SNFTS a month.
So $SNFTS can turn into deflationary rather than inflationary. With the APRs being low and many ways to burn $SNFTS, both $SNFTS and Amé will become more scarce and valuable in nature, thus will help to create more advanced economic features in the process.
To be exact, the new $SNFTS staking pools will be:
- 270 days: 5.5% APR
- 180 days: 3.5% APR
- 90 days: 1.5% APR
- 30 days: 0.5% APR
Again this adjustment will not affect the current pools. Deposits will continue for the existing staking pools of up to 40% APR until January 30th. And then, the new $SNFTS staking pools will open with low APR on January 31st.
Let’s get to another critical strategy based on the “Open Metaverse” culture. We will incentivize the newly created Seedworld community to become a true builder community, where co-building will be the norm.
For a real Metaverse to come alive, the first and foremost aspect is to provide the right incentives and tools so the community and the core team can co-create. Thus, help bring forth a world that is full of various activities, environments, tools, and assets, just like the real world in the virtual space.
If you look at the world, everything we see except nature and core resources is the activities and creation of humans.
Metaverse should be the same way, so instead of only the core team producing the games, environments, assets, and tooling, a community of builders, gamers, developers, artists, and many other skilled individuals can bring forth a more prosperous world.
“If you want to walk fast, walk alone. But if you want to walk far, walk together” is a great quote representing the teamwork we want to apply to our team and the co-creation process with the Seedworld community.
While building the Seedworld community, we will incentivize game developers, designers, artists, product builders, content creators, marketers, and many other skilled individuals to partake in certain activities. There will be specific tasks open for the community to complete. The Grand Switch will burn $SNFTS from treasury during milestones and completion of tasks, distributing the resulting Amé to the individuals and groups who meet them.
We want to create a culture where even before Seedworld is live, there can be lots of things to do for the community to build the Metaverse with the Seedify Meta Studios; this will start to enrich it and create a community that takes a very active role.
Besides the open tasks, there will also be a way for community members to suggest jobs they want to partake in. So if a member or group wants to build something outside the open tasks, they can apply, inform the milestones, and if the job is a good fit for the growth of an integral part, they will be able to get Amé which will burn more $SNFTS from the treasury.
Initially, it will be essential to invite certain professionals to our community so we can go beyond simple activities. For this, we will adopt various strategies and plans to achieve it.
The Mounts: which we deem to be the genesis vehicles of the Metaverse, will start to meet their owners on January 26th so we can begin to create a new community for the Seedworld.
While the last announcement regarding the Mount Sale mentioned 20k mounts at a 40.000 $SNFTS price, we have realized that the liquidity pool has less than 550m $SNFTS to purchase at the time being. Considering that not everyone will be able to buy the $SNFTS required for the sale even if they wanted to, with the current numbers, we had to go for an adjustment.
We have consulted our NFT advisors and NFT alpha groups, and all the feedback we’ve gotten was that having half the amount of mounts at 10k would create much more value for each purchaser.
Also, since most NFT collections are 10k sets, for the general NFT community, this number fits their habits, more than a 20k set.
So we will have The Mounts sale at 10k mounts, 40.000 $SNFTS each. This way, the mounts will be more scarce in nature, thus, will have more room for growth in line with the other changes we are doing on $SNFTS. All the 400m $SNFTS gathered through this sale will be burned right after it.
Finally, all will become clear as we reveal everything you need to know about the upcoming INO from Seedify Meta Studios on January 26th and how to get your hands on a Deathrunner, Skyrider, and Bloodmother.
The Mounts are Amé-powered machines controlled solely by characters and will be the first and most crucial companions for the metaverse journey.
Features:
- NFT mounts are web3 collectibles
- Seedworld players with NFT mounts will get a free blueprint for the mount of the same mount type.
- Players will then have to collect the mount parts to assemble their mount.
- When a player assembles a mount blueprint by collecting the parts, its’ metadata will evolve, and there will be an update to the imagery
- NFT owners can sell the blueprint version or their assembled mount
- You can only craft a mount if you have the blueprint NFTs.
- Blueprints and in-game mounts can also be traded and sold on the marketplaces.
Besides that, access to specific rooms in the Seedworld discord will be available for the mount owners. As well as more unrevealed use cases.
Also, they will:
- Increase cargo item space for the character
- Increase speed of movement (some more than others)
- Change movement type (e.g., some can fly)
- Have sockets for specific boosts
in the Seedworld.
Bloodmother
In the vast deserts of the unknown lands, nomads needed more than their backpacks to gather and carry more treasures. Bloodmothers are the rarest and have the most storage among the genesis mounts.
They are giant, steampunk spider-like cargo mounts with many sockets that can carry lots of items and resources. Bloodmothers come in three versions, 4-legged, comparable to a pickup truck; 6-legged, equivalent to a cargo lorry; and 8-legged, close to a large cargo truck. The more legs they have, the more they can carry loads!
Skyrider
Skyrider is paramount to living in the deserts of the Metaverse. Each one comes with a water tank and the ability to fly.
Skyriders are large, delicate, slow-flying mosquito-like mounts (only 1000x bigger), comparable to a helicopter. They are designed for gathering and transporting water and selling it to other inhabitants of the Metaverse and towns who need access to water.
Death Runner
Deathrunner is the fastest among all of the genesis mounts. It’s a perfect companion for those looking to travel across the Metaverse, explore distant ruins and gather precious treasures at speed.
Deathrunner is a small and fast hound-like mount, comparable to a motorcycle, with low cargo capacity and only a few equipment sockets.
However, it benefits from its small size, as it can enter most caves all over the planet and outrun most enemies and opponents. Deathrunner can also be used as a specialized mount for scouting.
Mount Rarity and Allocations:
BloodMother — 4-Legged
- Rarity — Epic
- Allocation — 15%
BloodMother — 6-Legged
- Rarity — Legendary
- Allocation — 4%
BloodMother — 8-Legged
- Rarity — Mythic
- Allocation — 1%
SkyRider
- Rarity — Rare
- Allocation — 30%
DeathRunner
- Rarity — Common
- Allocation — 50%
How to purchase the Mounts from the Initial NFT Offering on Seedify
- To join the mount sale, users need to stake or farm $SFUND or $SNFTS.
- Each 250 $SFUND or 10.000 $SNFTS will get users eligible for one raffle ticket for the whitelists.
- The more $SFUND and $SNFTS users stake or farm, the more the chance to get a whitelist spot.
- Users will then need to enter the raffle; we will share the steps before the sale.
- During the NFT sale day on our launchpad, users who won whitelist spots will see it in the launchpad dashboard and the telegram announcements.
- Once the sale time has arrived, users who won whitelist spots will have a guaranteed spot to purchase The Mounts, with 40.000 $SNFTS, within a certain time frame.
- For the second round, an auto-lottery will select 4x the number of spots for the unsold mounts. This auto-lottery will select users who didn’t get selected for the first round. Then there will be an FCFS (first-come-first-serve) round to finish the sale.
Some added questions that came from our community:
- What will be the maximum amount of whitelist spots you can get? -> 2
- Will you be able to pick which mounts you get? They will be minted randomly according to rarity percentages, but you will be able to buy the exact mount you like in the NFT marketplaces after the sale from other holders
As an added note, some of The Mounts’ whitelists will be distributed to NFT alpha groups, and those who help with the marketing efforts of the mounts, so we can reach a wider community. All whitelisted users will need to purchase The Mounts with $SNFTS. Also, the amounts of whitelists given this way will be much smaller in proportion compared to what we have for the Seedify community.
As we move away from inflationary economies in the Seedify ecosystem and step by step journeying towards a renewed direction, we want to create more and more value for our holders, stakers and farmers.
Also, we can’t wait to create a newfound community for the Seedworld with the start of The Mounts sale and start building exciting stuff with our community for our community.
To ensure you get all the news and announcements regarding the Mounts, join our socials and follow us on our socials below.
Seedworld website and socials will be live this month as well!
About Seedify
Seedify is a Blockchain Gaming and Metaverse incubator and launchpad, as well as an NFT launchpad, empowering innovators and project developers with access to funding, community building, marketing, and high caliber partnership network, with a whole support system to help bring premier games, NFTs and Metaverse projects to our community.
To learn more about Seedify, please refer to the following links:
