One of the more persistent but overlooked problems in the DeFi world today has to do with staking liquidity. Tokens launch with high yields for liquidity stakers then tend to give back diminishing returns the longer one stakes.
We created SeedSwap to provide a solution to this problem. SeedSwap rewards liquidity stakers with yield multipliers as well as NFTs for long-term stakers. This would result in higher, more stable liquidity in the market while driving investor confidence.
We also aim to create an NFT redemption process at a discount to farmers. Over half of the SeedSwap Tokens accrued through the redemption process will be subject to burn, some will be sent back to the farming pool to replenish the supply, and a portion will be sent to the SeedSwap treasury. This will create a deflationary max supply and will serve as a benefit to all token holders. We also plan to implement a token buyback program in the future as an additional benefit to all token holders.
Bringing Blockchain Artists, Creators, Enthusiasts, and Businesses to one Platform SeedSwap is the world's first Ethereum based social media platform. A place for artists, creators, and crypto to come together, it combines the transparency and security of DeFi with the intuitive and user-friendly features of social media.
Tokenomics
SeedSwap’s native currency and token, SNFT, is a coin that allows real-world revenue to be returned to its coin’s HODLers. SNFT favors real-world value over traditional speculation in this way via its buyback and burn process. The automated process takes profits from on-platform revenue streams such as advertising, market transactions, and more, and feeds them into the automated buyback and burn of tokens to decrease their supply and increase their average value. SNFT HODlers can be confident that their investment is tied to more tangible revenue streams than traditional crypto assets to make their investment more safe, stable, and secure.
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