Seasonal Tokens is the first multi-token project using proof-of-work

in #seasonaltokens2 years ago (edited)

What are Seasonal Tokens?

Seasonal Token is a Cryptocurrency token, the combination of 4 tokens. Such as Spring, Summer, Autumn, and Winter. They have named the match of seasons. Those 4 tokens have many potentials and have a great reason for making them 4 separately. They`ve been designed this way to benefit investors.

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They have been making a mechanism for those tokens mining. Once every nine months, the rate of production of one of the tokens is cut in half. The token that’s produced at the fastest rate becomes the slowest. Spring tokens are currently produced at the fastest rate of the four. In June, the Spring halving will take place, and Spring will then become the most difficult of the four to Mine.

By trading the tokens in a cycle, investors can continually increase the total number of tokens they own. This makes it possible for investors to increase their holdings without spending more.

Can I Start Mining Seasonal Tokens?

If you have an Nvidia or AMD card, you can download the mining software for your card and operating system, and then use one of the following pool addresses for pool mining:
Spring
http://pool.seasonaltokens.org:5001
Summer
http://pool.seasonaltokens.org:5002
Autumn
http://pool.seasonaltokens.org:5003
Winter
http://pool.seasonaltokens.org:5004

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For Nvidia cards, you can use Cosmic Miner, and for AMD cards, you can use SolidiytSha3Miner.Though FPGAs provide the most mining power. You can get a Black miner from hashaltcoin.com for about $1,500.If the balance of a particular season exceeds 1,000 tokens, then you need to withdraw those tokens within 30 days or your farm contribution will increase from 9% to 24%. The 9% contribution provides an incentive for people to farm. The farm creates a seasonal demand for the tokens that complements the seasonal supply from mining. It also ensures that there is liquidity present on Uniswap so that the tokens can be bought and sold.

Why it`s different than any other tokens?

In the long term, the tokens are equally valuable, because which one is the most expensive will keep rotating. Today’s market will price the tokens according to today’s cost of production, though, which ensures that the tokens will always tend to have different prices, and it will be possible to trade tokens for more tokens of a different type.

The rate of production of each token halves every three years. They’re becoming harder to obtain over time. In twenty years, they’ll be produced at less than 1% of today’s rate. Although there’s no way to absolutely guarantee that the prices of the tokens measured in external currencies such as USD will rise over time, the increasing cost of production and scarcity makes it likely that the tokens will be more expensive to buy in the future. This makes the total number of tokens in an investment a good measure of its investment value. Investors can trade the tokens in a cycle and acquire more of them over time, even as they become harder to obtain.

The tokens are designed to solve this problem. Like bitcoin, each token’s price is seasonal. The token’s halving will occur on time, and the market will adjust to the lower rate of production, once every three years. Investors don’t need to look for another investment after they benefit from one token’s bull market. They can simply invest in the next token in the cycle, whose bull market will be just beginning. Inevitable market forces, not popularity, drive the sequential price rises of the tokens.

What is the best opportunity in this token you can find out?

If an altcoin looks promising, an investor might buy some in the hope that it will become popular. That is betting on public opinion. The price will rise a lot if that coin becomes the next craze, which is certainly not guaranteed. These things I found in this Seasonal Tokens make this promising and more valuable and profitable for everyone in near future.

Is this token even listed in any exchanges yet?

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Seasonal Tokens have been listed on their first CEX - Coinsbit.io on the Last week of March 2022 and afterward they are recently listed on Uniswap as well. In near future, they are working to be listed on more big Exchanges like Binance and others. Can you imagine in this step they created and achieve much love and trust of people in next step if they passed what they will make? I believe they can be created history of the year like other promising coins.

What is the Economics of Farming Seasonal Tokens?

Farming plays two important roles in the Seasonal Tokens economy: It ensures that there’s enough liquidity in the market for traders to be able to complete their trades, and it also provides seasonal demand for the tokens that complements the seasonal supply from mining.

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Yield farming provides a better incentive for liquidity providers. By distributing a fraction of all the newly-minted tokens to liquidity providers, people can be paid directly to provide liquidity. The Seasonal Tokens farm is a smart contract running on the Ethereum blockchain, like the tokens. Liquidity providers can transfer their Uniswap liquidity positions to the farm. The farm then locks the liquidity in place for 30 days, so that traders can have confidence that the liquidity in the market won’t all disappear in a panic. In return, the farmers receive 9% of all the tokens mined by the mining pool.

How many tokens do they have?

There are four tokens, Spring, Summer, Autumn, and Winter. Once every nine months, the rate of production of one of the tokens is cut in half. The token that’s produced at the fastest rate becomes the slowest. Spring tokens are currently produced at the fastest rate of the four. In June, the Spring halving will take place, and Spring will then become the most difficult of the four to mine.

Price Analysis of Seasonal Tokens?

About of heavy buying that drove the token prices to recent highs on Monday and Tuesday ended on Wednesday as the tokens entered a downward trend, finding strong support on Friday and rebounding at the end of the week.

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Spring rose in price early in the week more dramatically than the other tokens, possibly indicating that traders are stocking up on Spring in anticipation of the halving in June.

Autumn has continued to be the most volatile of the tokens, ranging from a high of 5.2 cents on Wednesday to a low of 4 cents on Saturday.

All of the tokens ended the week slightly up: Spring started the week at 3.7 cents and ended at 3.9. Summer rose from 3.9 cents to 4.1 cents from last Sunday to today. Autumn climbed from 4.2 cents to 4.6 cents over the course of the week, and Winter increased from 5.2 to end the week at 5.3 cents.

What is the future of Seasonal Tokens?

First of all, I am not a Financial Advisor(DYOR). I have done an analysis of Seasonal tokens, why they are different from other tokens, do they have the potential to achieve what they are offering and what is their future of them. Their Whitepaper, Roadmap. Their Social Activities, Their team efforts, and all necessary parameters have to contain a project successful and also the market condition of them. It seems they are till now going very well and if they can hold this position in the next few months they will be to Moon!

Official Links :

Website-https://seasonaltokens.org/index.html
Twitter-https://twitter.com/Seasonal_Tokens
Medium- https://seasonal-tokens.medium.com/
Discord-https://discord.gg/Q8XZgJEDD3
Reddit-https://www.reddit.com/r/SeasonalTokens/

Author`s Links :

BitcoinTalk Username- Zooel
BitcoinTalk Profile- https://bitcointalk.org/index.php?action=profile;u=1732110
Proof of Authentication- https://bitcointalk.org/index.php?topic=5390603.msg59594900#msg59594900
BTC Address- 1BJFmrEFKcvdEhsAWMAeFbSEmjQoAnHJgm
Twitter- https://twitter.com/FreelancerZooel

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