Concept of TREE and FARM OWNERS are introduced as part of the BLOOMING REWARD Feature as detailed below.
As mentioned, we have found a way for money to grow on trees.. and here’s how!
Blooming Rewards Feature will allow users with Locked LEAF tokens to convert their Locked LEAF into TREE Tokens. TREE Tokens are needed in order for Seeders to become Farm Owners.
TREE is the only way to have Farm Ownership (besides being on the dev team of course!), and the only way to sit at the big table of Farm Ownership is to convert your Locked LEAF (FERTILIZED SEED or fSEED) into TREE!
Farm Owners have multiple benefits from within the platform i.e. revenue sharing or a dividend from farm operation, with the initial access to participate in the TREE pool with the most multiplier APR as well as discounts and access to Rare Items
Getting your TREE
To acquire TREE, you will need to convert your Locked LEAF (fSEED) into TREE. The Convert Button on the Left Panel will be visible to allow for conversion to be conducted.
convert fSEED to TREE
The conversion ratio is 1,000 fSEED = 1 TREE with the following table to show what are the Ownership Levels and how to obtain it. To obtain the Ownership LEVEL, please see the conversion rate below and cumulatively convert your fSEED to reach your desired level. Benefits of ownership levels with vary as we launch new features.
Planting your TREE
TREE can be planted in the TREE Planting Pool initially but new pools will be added in the future and only a certain Ownership level can access exclusive areas.
TREE can also be planted in the Gaming Pool to earn a cut of Gaming revenue as rewards. As we add more and more games onto the platform, the potential earnings from this pool will be extremely high.
Benefits of TREE
For start, fees collected from SeederVerse events will be distributed in the following matter:
- 1.60% - For burn as an additional deflationary measure
- 2.35% - Incentives back to the TREE holders!!
- 3.5% - Dev fees