Seedworld, a blockchain platform focused on user-generated content (UGC), has released detailed plans for its Phase 1 rewards program, set to launch on December 23.
The program is designed to incentivise Seed Root holders, the platform’s foundational NFTs, with opportunities to earn $SWORLD tokens through fixed monthly rewards and dynamic staking.
This marks the first step in a broader five-phase rewards initiative aimed at rewarding both passive holders and active participants.
Seedworld Key Rewards and Staking Mechanics
1. Reward Structure:
- Fixed Monthly Rewards: Each Seed Root holder will receive a guaranteed monthly reward of 2,000 $SWORLD tokens, regardless of staking activity.
- Dynamic Staking Rewards: By staking $SWORLD tokens, holders can gain “staking power,” determining their share of a dynamic rewards pool. This is calculated calculated based on the staking power they contribute relative to the total staking power of all participants for that month. The formula for rewards is:
Dynamic Rewards = (Holder’s Staking Power / Total Staking Power) × Total Dynamic Rewards
The Phase 1 pool totals 6B $SWORLD tokens, with average earnings estimated at 300,000 $SWORLD tokens per NFT, subject to staking participation.
2. Staking Details:
- Staking durations offer increasing multipliers:
- 90 days: no multiplier
- 180 days: 1.1x multiplier
- 270 days: 1.2x multiplier
- 360 days: 1.3x multiplier
Staking caps depend on the number of Seed Roots held, e.g., one Seed Root allows staking up to 100,000 $SWORLD, scaling to 151,000 $SWORLD for 10 Seed Roots.
Why hold Seed Roots and participate in staking?
Seed Roots serve as the cornerstone of the Seedworld ecosystem, empowering holders to support creators whilst unlocking exclusive rewards. These NFTs are integral to a five-phase rewards program, with Phase 1 focusing on incentivising staking activities and early engagement.
The collection includes 20,000 Seed Roots spanning 30 tiers, offering a range of benefits to suit different levels of participation. Currently, Tier 3 Seed Roots are still available for purchase, and buyers will receive 60,000 $SWORLD tokens, which become unlockable on December 26.
To maximize earnings and benefits, holders are encouraged to consolidate their assets into a single wallet and stake early. Staking two Seed Roots along with their earned rewards in the 360-day pool unlocks premium perks, such as a resource land NFT, adding further value to their participation.
Seedworld’s Phase 1 system is structured to create value for both passive holders and active participants, establishing a foundation for long-term engagement and additional phases in the rewards program.
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