Tokens, Tokenization and Tokenomics of the Seascape Network

It’s another day fellas, how are you doing? Today, we reflect on a core concept of the Seascape Network — Tokens. Before that, let’s start off by introducing our new friends to the Seascape Network.

Introduction to Seascape

Seascape is a game-oriented network on the blockchain. It uses core concepts and technologies on the blockchain to promote blockchain games. These technologies include but are not limited to, DeFi, crypto-tokenization, NFTs etc.

Their vision is to make gamers (players and developers) benefit from the time and effort invested into games. Thus their model for games, and their drive for future gaming, centres around incentivization.

What is a Token

Crypto tokens are a type of cryptocurrency that represents an asset or specific use and resides on their blockchain. Tokens can be used for investment purposes, to store value, or to make purchases.

Crypto Tokenization

The emergence of Bitcoin as the first successful decentralized cryptocurrency has opened the world up to new trends in technology and opportunities in how investments can be issued, managed or transacted. Blockchain, the technology behind this cryptocurrency is what ensures all these.

Blockchain is a distributed and decentralized ledger that record transactions in the form of blocks. These blocks are duplicated, processed and stored among the various nodes and/or computer networks connected to the blockchain.

The structure of this technology makes it possible to set up projects somewhat similar to Bitcoin on the blockchain, having assurances of the following;

• Security
• Decentralization
• Transparency etc

One of the use-cases arising as a result of the core functionality of Blockchain is asset tokenization.

What is Tokenization

Tokenization is a broad term that applies in various sectors of an economy. However, the definitions vary depending on the subject matter.

Relating to Blockchain and cryptocurrency, Tokenization and/or Asset tokenization is the process by which an issuer (a person, an organization, a project) creates digital tokens on a distributed ledger or blockchain, which represent either digital or physical assets.

Blockchain technology assures that once you buy tokens representing an asset, no authority can erase or change your ownership. The blockchain verifies and shows proof of ownership. Thus, y our ownership of that asset remains entirely immutable.

What is Tokenomics

Tokenomics is another terminology quite similar to tokenization, yet they vary. It is a combination of two known words in the English language — ‘token’ and ‘economics’. Tokenomics unlike tokenization doesn’t have applications to areas outside blockchain and cryptocurrency. Its use is particular and/or limited to blockchain and crypto-related activities.

Tokenomics comprises the study of the understanding of the supply and demand characteristics of a cryptocurrency.

promotes transparency in the use of a cryptocurrency and helps monitor different aspects of the supply of a currency.

Importance of Tokenomics

The need for tokenomics need not be overemphasized as, without it, one cannot understand the value and prospect of a cryptocurrency or token.

Some importance of Tokenomics are:

• The Allocation and Distribution of Tokens
• The Supply of the Token
• Market Capitalization
• Token Model

Cryptocurrency vs Tokens

Cryptocurrencies and tokens are sometimes used interchangeably mostly by persons new to blockchain technology and cryptocurrency.

It is worthy of note that though cryptocurrencies and tokens are accepted means of exchange on a network or protocol, one major feature distinguishes them.

Cryptocurrency

• Cryptocurrencies are the native asset of a blockchain like BTC, or ETH.

Crypto-token

• Crypto-tokens is built on an existing blockchain, using smart contracts.

Tokenomics of the Seascape Protocol (Introduction to $CWS)

Tokenomics of the Seascape Protocol involves the understanding of the network’s token. The creation, market capitalization and supply of the token.

Feature/Total Supply of Crowns

Crowns (CWS) is a token with a fixed supply. Its total supply stands at 10,000,000 CWS. This simply means there can only ever be 10,000,000 CWS produced and/or mined.

Supply Tokenomics of Crowns

• 5,000 CWS or 5% is going to exchanges
• 5,000,000 CWS or 50% is going to game incentives
• 1,000,000 CWS or 10% is going to investors
• 1,000,000 CWS or 10% is going to the community
• 1,000,000 CWS or 10% is going to team
• 1,500,000 CWS or 15% is going to reserve lock up for 5 years.

How to purchase Crowns

One can easily obtain Crowns (CWS) using any of the cryptocurrency exchanges. There are various cryptocurrency exchanges and marketplaces available for you to trade Crowns (CWS). Listed below are some cryptocurrency marketplaces and exchanges that trade Crowns (CWS).

• UniSwap (v2)

• UniSwap (v3)

• Gate.io

• MXC

• Pancake swap

• Kucoin

• Bilaxy

• AscendEX (BitMax).

Always confirm the Crowns (CWS) address before purchase or exchange.

For daily news and information 👇

Follow the links below to join Seascape’s community.

seascapenetwork.medium.com
Website: www.seascape.network
Twitter: twitter.com/seascapenetwork
Discord: discord.io/SeascapeNetwork
Telegram: t.me/seascapenetwork
LinkedIn: bit.ly/2Km66f4
Reddit: bit.ly/2KiZb6d