In a novel move, Seedworld has initiated a groundbreaking program, allowing holders of $SNFTS to convert their holdings into $SWORLD tokens via a unique token burning mechanism. This piece aims to shed light on the intricacies of the $SWORLD token, illuminates the bonus burning pool, and delineates the newly unveiled BURN dashboard, thus providing a comprehensive guide for $SNFTS holders keen on navigating this fresh avenue.
$SWORLD token
The introduction of the $SWORLD token by Seedworld marks a significant milestone, with its supply capped at 20 billion tokens, identical to that of $SNFTS. This parity paves the way for $SNFTS holders to exchange their tokens for $SWORLD tokens on a one-to-one basis, effectively transforming every burned $SNFTS token into a $SWORLD counterpart.
Post-exchange, these $SWORLD tokens are meticulously allocated to the holders, ensuring a gradual and controlled release into the market. At the Token Generation Event (TGE), participants have the opportunity to claim 25% of their $SWORLD tokens, followed by a systematic release of the remainder over a span of four months, subsequent to a one-month hiatus.
Bonus Burning Pool
The inception of the Bonus Burning Pool adds an intriguing layer to the acquisition of $SWORLD tokens. This pool incentivizes users who initiate the burning of their $SNFTS tokens within a fortnight following the launch of the burn dashboard. Allocated for this purpose is 1% of the total $SWORLD supply, with these tokens becoming fully accessible at the TGE, sans any vesting period. The quantum of $SWORLD tokens a participant garners from this pool directly correlates with the volume of $SNFTS they incinerate relative to the aggregate burned by all users during this window.
Detailed Instructions on the Burn Mechanism & Early Bonus
For those interested in leveraging the $SWORLD acquisition through $SNFTS burning, the following steps provide a roadmap:
- Access the Burn Dashboard: Initiate by logging into your wallet where $SNFTS are stored.
- Enter Burn Amount: Specify the number of $SNFTS tokens you wish to incinerate.
- Confirm the Burn: Validate the burn by confirming the transaction within your wallet. The tokens are then dispatched to a dead wallet, thereby being withdrawn from circulation.
- View Updates: Following the burn, the dashboard refreshes to display your updated balance of $SNFTS, along with the entitlement of regular and bonus $SWORLD tokens and your share in the bonus pool.
- Claim $SWORLD Tokens: Adhere to the dashboard instructions to claim your $SWORLD tokens, adhering to the prescribed vesting schedule.
What is Seedworld?
Seedworld emerges as a blockchain-based game set amidst a dystopian landscape, where the quest for survival intertwines with the pursuit of real-world rewards. Developed on the Avalanche blockchain, it guarantees a fast and secure gaming experience. Within this realm, players traverse myriad terrains, unearth treasures, and undertake quests.
Central to the game is the breeding of Seedlings, creatures that players can amalgamate to spawn new, formidable breeds. Furthermore, players can engage in combat with other participants or AI foes to reap rewards. Trading is another pivotal aspect, allowing players to exchange assets such as Seedlings, land, or items, potentially leading to profit-making ventures.
For enthusiasts seeking further enlightenment on the token burning process and eligibility for early bonuses, a visit to the official announcement provides ample insight.
