Seedify’s Highest APY Pool will Close to Ensure the Sustainability of their Ecosystem

Seedify is a blockchain gaming and NFT-focused incubator and launchpad ecosystem, empowering innovators and project developers through access to funding, community, and partnership building, and a full support system to help bring premier blockchain games, NFTs, and metaverses to its community. 

In less than a year, Seedify has grown to one of the industry’s largest launchpads, hosting over 50 successful token offerings (IGOs), with over 4500 participants in its latest IGO (Initial Game Offering) which sold out in Phase 2 in under 60 seconds.

Seedify has recently expanded into the NFT space with the launch of its NFT Launchpad. This is an additional value add and revenue generator for their community and will no doubt attract new members who are wanting to take advantage of the many opportunities associated with owning and minting NFTs on Seedify’s platform.

Through the Seedify NFT Launchpad, $SFUND token holders who stake/farm their $SFUND tokens on the Seedify staking website will be able to qualify to participate in Initial NFT Offerings (INOs).

$SNFT is Seedify’s NFT token giving  token holders access to a wide range of utilities including:

• Whitelist allocations on NFT launches through Seedify’s NFT Launchpad.
• Fee discounts when $SNFTs are used (1% instead of 2%).
• Better RNG rates for the random NFT drop chances when buying or selling.
• Funding the treasury for collaborations, marketing, NFT drops, and expansions.
• The burning mechanism for $SNFTs, and the buyback mechanism for $SFUND.

Seedify takes steps to safeguard against inflation to bring more value to $SFUND holders

Like most companies in the crypto industry Seedify has not been immune to the recent bear market that started earlier this year. This coupled with global inflation, economic uncertainty and a change in macroeconomics caused Seedify to relook at how they “balance the scales” by choosing to promptly diminish the inflationary nature of $SFUND instead of waiting another year to make any adjustments.

The first step Seedify will take will be to close the deposits for the 180-day pool on 4th August 2022. On 30 October 2022, Seedify will then close the deposits for the 90-day pool followed by other short-term pools. By 01 February 2023, $SFUND staking rewards will no longer be available.

Although the deposits will be closed, $SFUND holders will still be able to earn $SFUND rewards until the maturity date as changes will only affect depositing transactions. 

The process of starting from hyperinflation and turning it into lower inflation and eventually non-inflation values is not very new to the crypto industry.

Since there are gradual decreases between the pool APYs,  Seedify will cautiously be able to eradicate all high APYs, therefore, eliminating inflation and sell pressure that comes from staking $SFUND rewards.

Essentially, Seedify will limit the quantity, while continuing to increase the demand for $SFUND, ensuring that the…