UGC-focused web3 gaming platform x.com/SeedworldMeta” target=”_blank” rel=”noopener”>Seed world has officially launched its Seed Roots nft sale today, September 30, 2024 at 13:00 UTC.
The sale offers 20,000 Seed Roots nfts in 30 tiers, each with different prices and supplies.
The first six levels are limited to specific participants, while public sale will open with Level 7 on October 4.
What are seed roots?
Seed Roots are foundational nfts within the Seedworld ecosystem, allowing their holders to provide grants to developers and creators.
These nfts allow participants to support the creation of new content on the platform. In exchange, Seed Roots holders will receive rewards in $SWORLD, Seedworld's native token.
Seed Roots nfts also have upgrade potential, which will expand their usefulness over time. They are designed to integrate with other assets on the platform, such as Land nft, creating opportunities for better rewards.
How is the sale of Seed Roots structured?
The Seed Roots sale is structured in 30 levels, each with different supplies and prices.
The sale began with Level 1, which offers 1,509 nfts at a price of $500 (equivalent to eth). As the tiers progress, tiers with higher numbers will offer fewer nfts at increasing prices.
Level 7, which marks the start of the public sale, will feature 943 nfts priced at $1,130 (equivalent to eth) and will be available starting October 4 at 13:00 UTC.
Once purchased, all Seed Roots nfts will have transfers blocked for 12 months, although there are provisions for exceptions in specific cases, such as compromised wallets.
Source: Seed WorldWhat are the benefits of having Seed Roots?
Seed Roots allows its holders to provide grants to developers and creators within Seedworld without needing to participate in traditional DAO voting processes.
Rewards for Seed Roots holders will be generated through in-game transactions involving $SWORLD tokens and the platform currency, Ame.
Seed Roots can be updated over time, expanding its functionality. This includes the option to connect them with Land nft to unlock additional features and earning potential.
Seedworld has also announced that 15% of the proceeds from the sale of Seed Roots will be used for $SWORLD token buybacks, helping to support the platform's token economy.
Source: Seed WorldWhat's next after Seedworld?
Seedworld plans to introduce more features for Seed Roots in several phases.
Initially, holders will be able to stake $SWORLD tokens to earn rewards. Future phases will introduce additional features such as upgrades, prediction markets, and opportunities to participate in in-game activities to increase reward generation.
Participants who purchase Seed Roots before the $SWORLD Token Generation Event (TGE) on October 11 will receive a 20% token unlock when the event occurs.
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