Web3-powered UGC gaming platform Seedworld has announced September 30th as the official starting date for the upcoming Seed Roots sale, through which participants can become owners of NFTs that provide the chance to influence the growth of this ecosystem while getting rewarded with the upcoming $SWORLD token.
What Are Seed Roots?
Seed Roots represent the foundation of this Roblox-like platform that will enable its holders to support creators with personal grants and earn additional $SWORLD tokens for backing individuals and teams who end up successfully creating engaging blockchain gaming experiences. These assets can be upgraded to access more utility and potentially earn more from them as well. They come with a total supply of 20,000 spread across 30 different tiers.
NFT Utility
By having the power to support builders and developers with grants and potentially other benefits through prediction markets, you are actively supporting the growth of this ecosystem without having to go through a DAO voting process, though whether you choose to back creators on your own or do it together with guilds is of course up to you.
As you support promising teams and solo devs, you will earn rewards in $SWORLD thanks to ecosystem activity, so the more transactions there are in which $SWORLD or fiat is converted to the in-game currency called Ame, the more token rewards you get daily. Reward generation is also said to come from the “initial allocation and other sinks,” according to the latest announcement, which means that owners are also rewarded with 30% of $SWORLD’s total supply. There is also a referral program unlocked at Tier 7 that allows referrers to get a 15% rebate, while buyers end up with a 5% discount.
The developers plan on allocating 15% of sale revenues from this collection to token buybacks, meaning the studio will be buying $SWORLD tokens from the market using a part of the revenues generated from sales. There also seem to be plans to connect these assets with Land NFTs in order to create “synergies between different asset types” that unlock more features and higher earning opportunities.
By buying Seed Roots before the $SWORLD TGE takes place on October 11th, you will actually get access to a 20% token unlock once it officially goes live.
5-Phase Rewards Plan for Seed Root Holders
Over time, the developers will introduce various functionalities for Seed Roots in order to allow holders to get even more rewards. This will be done through the following 5-phase plan, each unlocking more ways to earn:
- Phase 1: Hold Seed Roots and stake $SWORLD to earn more tokens
- Phase 2: Earn more tokens by connecting Seed Roots with Land NFTs
- Phase 3: Unlock new utility and earn more rewards through upgrading
- Phase 4: Connect more Land and use in-game features such as crafting and upgrading to earn more
- Phase 5: Generate Seeds to increase your rank and share of reward distribution by giving grants to creators and builders
Next to voting for grants and creator programs, holders can generate more Seeds by upgrading and customizing Seed Roots, staking $SWORLD, connecting to Land NFTs, and also by gathering various crafting items and resources found on Lands. If you want to fully maximize your reward generation, you’ll want to make the most out of these activities in order to get more Seeds for bigger earnings.
Upgrading the ecosystem’s foundational assets is what will not only let you connect them to more Land NFTs, but also allow you to customize them if they’re upgraded to a high enough level, giving you the power to personalize your metaverse experiences in unique ways.
How Does the Seed Roots Sale Work?
The sale is structured across 30 Tiers that in total have 20,000 Seed Roots up for grabs, with higher Tiers featuring increasingly lower supply. This sale begins with Tier 1, which has a supply of 1509 Seed Roots that can be purchased starting on Monday, September 30th, at 1 PM UTC for the price of $500 in ETH per NFT, with a FDV of $33.3 million.
The first 6 Tier sales require meeting certain requirements to participate in them, meaning that this sale is actually public from Tier 7 and onwards. You can participate in the public Seed Roots sale on October 4th at 1 PM UTC, with Tier 7 assets featuring a supply of 943 NFTs priced at $1130 in ETH per asset.
If you do mint this NFT from any Tier, your asset will become transfer-locked for 12 months. There is a possible chance of getting transfer permissions unlocked earlier in specific cases, such as if a wallet is compromised, according to the official FAQ.
Full distribution based on Tiers is available in the image below, while more detailed information revealing prices per Tier can be found in this spreadsheet. Learn more about the sale and Seedworld’s cornerstone NFTs in the official announcement.
