BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Uncategorized

SNFT – A Token Launch Done Right

BlockNews Team by BlockNews Team
September 18, 2022
in Uncategorized
Reading Time: 4 mins read
A A
SNFT-Website
2
SHARES
29
VIEWS
Share on TwitterShare on Reddit

It is not hard to imagine a token going down in price after many people receive it for free, especially during a bear market. But since the airdrop claim, it has been up and up only for $SNFT – a native utility token for the upcoming NFT marketplace, showing incredible strength and resilience to broader market conditions. 

You might also like

HeartX Launches Web3 Marketplace and Community Aims to Revolutionize the Digital Arts Industry

Around The Block – FEB 24 Week in News

Canadian Regulators Introduce Stringent Regulations for Stablecoin Platforms

Seedify, a blockchain gaming-focused incubator, and launchpad, recently posted a tweet that highlights the success of their newly launched token. It is up a whooping 50x since trading started on DEXs, making many holders happy. The trading chart resembles the early days of Bitcoin, and it seems like it is not slowing down anytime soon. But how did they manage to achieve this steady price appreciation? Well, there are quite a few reasons that are worth mentioning:

A Clever Vesting Schedule

To ensure that the token’s price remains stable, Seedify issued the rewards gradually. Only 25% of the total allocation holders are eligible for unlocked. The rest of it will be available to claim in the following weeks. Holders of SNFT tokens can now choose to sell them and forfeit their right to claim the rest or hold the tokens in their wallet and retain their total allocation down the line. 

This mechanism of “delayed gratification” prevents a massive token dump very effectively, as it ensures that holders have something to look for and rewards those that truly support the project with handsome rewards. 

Instant Staking

The $SNFT liquidity pools were up and running shortly after the claim to further incentivize holding rather than selling. Moreover, they offer very enticing rewards for staking and providing liquidity. The rewards holders get depend on how long they lock their tokens. Here is the exact breakdown: 

  • 14 days: 7% APY
  • 30 days: 10% APY
  • 60 days: 20% APY
  • 90 days: 30% APY
  • 180 days: 40% APY

A Working Product Ready To Launch Soon

Even though “utility” might seem to be a term thrown around carelessly these days in the NFT space, it is certainly justified when it comes to $SNFT. Holder of these tokens will get the following benefits:

  • Whitelist allocations to upcoming NFT collections on the Seedify NFT Launchpad platform. 
  • 50% commission fee reduction in the forthcoming NFT Marketplace.
  • A burning and buyback mechanism for $SNFT tokens.
  • Random NFT drops for those that are conducting trades on their platform. 
  • The opportunity for passive income with staking and farming for tokens.

Additionally, wallets that stake either 500k $SNFT or are farming 250k $SNFT tokens in a farming pool with $SFUND will receive a raffle ticket to their “The Avatars” collection with a capped supply of 4.500 NFTs. 

Rewarding partnership communities

Holders staking at least 1000 of Seedify’s native utility tokens – $SFUND got the airdrop. But Seedify is also generous towards its partnership projects, mainly JRNYClub, NeoTokyo, and My Pet Hooligan, which also got a piece of the pie. In this way, Seedify builds its brand and recognition within the NFT space while simultaneously bringing many communities together and sharing among them. Many people within these communities come from gaming backgrounds. Many are excited to test the new NFT Marketplace with the tokens they were given, further alleviating some of that selling pressure.  

Past Success

Seedify is a project that’s been consistently building regardless of market conditions. This unforgiving market is just an opportunity to create. They made the most of it by expanding into the NFT territory, delivering even more utility and rewards for loyal holders. 

In their post, which you can read on their blog, they reflect a bit on their journey and describe how they managed to grow from a one-person team into one of the biggest launchpads Binance Smart Chain today, with over 80+ employees. In the late 2021 crypto gaming bull run, the value you could get from many tokens featured on their launchpad was genuinely intoxicating. People who could secure their spot early got access to very high allocations and regularly pulled out four or even five-figure ROIs per project on their launchpad. Those who were not around then may now be blessed with a second chance.

Tweet1ShareShare1

Recommended For You

HeartX Launches Web3 Marketplace and Community Aims to Revolutionize the Digital Arts Industry

by BlockNews Team
March 21, 2023
0
heartx marketplace

The platform enables artists, collectors, and consultants to create, share, and trade digital artworks in a secure and transparent space. The HeartX marketplace will be launched in both...

Read more

Around The Block – FEB 24 Week in News

by BlockNews Team
February 24, 2023
0
Around the Block

Introduction In this recap of the crypto world, we will explore the events and news that had the most significant impact in the past week of February 20th....

Read more

Canadian Regulators Introduce Stringent Regulations for Stablecoin Platforms

by BlockNews Team
February 23, 2023
0
Canadian Regulators Introduce Stringent Regulations for Stablecoin Platforms

Stablecoin firms without written consent from the CSA will be banned from operating in Canada. The CSA has stated that algorithm stablecoins and stablecoins with low liquidity will...

Read more

Hong Kong issues 800M HKD in Tokenized Green Bonds

by BlockNews Team
February 18, 2023
0
hong kong tokenized bond

The Hong Kong government has successfully raised $102 million through the sale of digital green bonds, making it the first government to issue a tokenized green bond. The...

Read more

How Blockchain Technology Will Change Leadership?

by BlockNews Team
November 14, 2022
0
Blockchain

Blockchain Technology & Leadership Blockchain technology enables new levels of transparency and collaboration that revolutionize strategy and operations by offering a decentralized, secure means to store and handle...

Read more
Next Post
Do-Kwan

Terra Funder Do Kwon Labeled “A Fugitive" By South Korean Prosecutors

Related News

russia ukraine crypto

What the Russia-Ukraine Conflict has Revealed about Crypto

February 3, 2023
NFT-Survey

About 50% of Americans Have Heard About NFTs, But Only 2% Have Ever Bought One – Study

September 23, 2022
europol headquarters

Europol And Eurojust Combine Forces To Attack And Curb Cross-Border Crypto Scammers

January 17, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Crypto Exchange GMX Proposes Deployment to Coinbase Blockchain March 22, 2023
  • Bitcoin Price Prediction: BTC Back Below $28K As US Banking Crisis Escalates March 22, 2023
  • Crypto Flourishes in Vietnam with 16.6 million Holders March 22, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?