What is the LEAF token used for?
Fun & Rewards
There will be many gamification aspects as well as games thorough out the platform for Seeders to participate in. Releasing of these features will be coming out shortly. Stay with us.. it’s gonna be fun (and rewarding)!
There will be a governance vault that will allow Seeders to plant their LEAF tokens to receive SEEDER where 1 SEEDER = 1 vote, allowing them to decide on key governance decisions.
Accrue Value Through Deflation
The total fees collected by SEEDER will be distributed in the following matter:
- 1.20% - Dev fees to ensure we bring all Seeders new and exciting products
- 2.80% - Incentives for Seeders (10%) & to buy back and burn LEAF tokens (70%)!
Deflationary mechanisms for LEAF:
We have implemented a few deflationary mechanisms from the launch date and more that will be added in the future.
At launch, we will start with taking 70% of the fees collected from the deposit & withdrawals to buy back and burn LEAF tokens. We believe that the token burn is a long-term method of increasing LEAF token price whereby reducing the total supply over time.
Fair Launch Tokenomics
Fair Launch Token Distribution
80% of our total supply will be distributed to Seeders with only 12% of the tokens vesting to the team over a one-year period. Over these two years, LEAF will be released with a decaying emissions schedule. In total, there will be 200 million LEAF. To incentivize early adopters, there will be special multiplier bonus rewards for the first two weeks and for all of the few months after launch.
Below is the planned block reward schedule, hence, the first 24 months circulating supply of LEAF can be shown as follows:
The platform will not exist if we don’t have the funds to support them and hence 12% of the distributed tokens will go towards funding development and team expansion. This fund have a two-year vesting period to ensure that the team is here long term – no pump and dump here.
Barn Storage (War Chest)
In planting, there is always a storage area to keep any necessary items to be used. For us, an allocation of 16 million tokens reserved for future strategic expenses is stored in the Barn. This Barn Storage will be minted on the deployment date and will be locked and released to drive the community.
These expenses include listing fees, audit fees, third-party services, liquidity for partnerships, etc. The initial 480,000 of these tokens were used to seed PancakeSwap's LEAF-wBNB pool. For us to limit further inflation of LEAF tokens, we have implemented a restriction of no more than 480,000 tokens that can be withdrawn each month or in accordance with the governing body of the platform (that’s you – Seeders!)
Barn Storage will also be a used to drive and grow the community through our upcoming gaming features.
Lockups & Release Schedule
In order for SEEDER to ensure the long term sustainability of LEAF Tokens, all LEAF rewards are distributed with 30% freely available and tradable on PancakeSwap immediately after plucking the reward. And 35% have a 15day lockup and another 35% having a 30day lockup period
Lockup and Release Illustration
LEAF Token: 0x1CbDdf83De068464Eba3a4E319bd3197a7EEa12c