Introducing SeedSwap (SNFT):

3 min readMar 4, 2021

SeedSwap is an NFT exchange and decentralized financial project that offers compounding rewards in the form of SeedSwap Tokens and NFTs for liquidity stakers.

Liquidity Providers

Every fiscal quarter, a multiplier is applied to the liquidity provider’s APY which will increase it. The multiplier compounds over consecutive seasons if the liquidity provider does not withdraw any of their assets from the pool. If a liquidity provider withdraws any assets from the liquidity pool then their multiplier loses its compound, and instead, they are only benefitted by the quarterly multiplier. Staking rewards are locked for three months upon issuance. Liquidity staking will be implemented in phase 2.

The quarterly or “seasonal” multipliers every year are as follows:

Q1: 1.01
Q2: 1.02
Q3: 1.03
Q4: 1.05

Non-Fungible Tokens

The main purpose of staking SeedSwap aside from providing liquidity is to accumulate SeedSwap Tokens as a reward, which is part of phase 3, will be redeemable for Non-Fungible Tokens. Individuals may redeem one NFT every thirty days at a discount. The discount will be determined by farming habits such as the number of tokens being farmed, time farming tokens, token withdrawal habits, etc…. NFT’s will vary in their rarity, from common, to uncommon, to rare, to ultra-rare, and they will be modeled after agricultural crops such as corn, soybeans, tomatoes, and wheat.

Additionally, SeedSwap will eventually host an exchange where NFT’s can be traded from person-to-person for a small fee. We are also looking to implement NFT rewards through probability events as a staking incentive.

Tokenomics

Only 100-million seeds will ever exist. We intend that over time most seeds will be redeemed for NFT’s, and thereupon be removed from circulation at a rate of 55%. The remaining seeds used to redeem will either be recirculated as more rewards for liquidity providers at a rate of 35%, the remaining 10% will be sent to the treasury in order to fund future development.

In phase 4, we will implement a token buyback program using some of the fees generated from the NFT exchange.

How to buy SeedSwap:

SeedSwap is currently being offered on Unicrypt through an Initial Liquidity Offering (Pre-Sale to raise liquidity). 55% of the funds raised through Unicrypt will automatically be allocated as Unisawp liquidity and be locked through the Unicrypt platform for one year via a smart contract. After the Initial Liquidity Offering is closed, on Wednesday, March 17th, 2021, the sale of SeedSwap will be broadened to Uniswap.

Initial Liquidity Offering:
https://www.unicrypt.network/amm/uni/ilo/0x4cC177CCE7e533D3f7189Bac202Ad86107a8FD45

Etherscan Contract Address:
https://etherscan.io/address/0xa3c4dc4a9ce2a6b40b57f25f8b50decc2c64dec2