Introducing $SEA Tokenomics
What is $SEA Token?
Sea Token is the CoreSea marketplace reward token will be use to rewards users, and acts as governance for all CoreSea activites , DAO & development.
$SEA Token Metrics
Total Supply: 500,000,000.
Ticker: SEA.
Blockchain: Core & Sui.
Contract: Soon
Token type: Utility, Rewards & Governance.
$SEA Token allocation
Airdrop
3%
9,000,000
11% unlocked at TGE, 7% unlocked at the end of the first month, 82% released monthly for the next 5 months
Private Sale
10%
50,000,000
12 months vesting, 6 months cliff, linear unlock starting from the 6th month
Public IFO
12%
60,000,000
30% unlocked at TGE, 70% vested block-by-block over 3 months
Auto-Staking Pool
2%
10,000,000
0% unlocked at TGE, 100% vested block-by-block over 1 year
Liquidity Pool
10%
50,000,000
10% unlocked at TGE, 30% unlocked after 1 week, 20% unlocked at the end of months 1, 2 and 3, liquidity pair will be locked for at least 6 months
Partnerships & Advisor
0.5%
2,500,000
0% unlocked at TGE, 6 months cliff, 100% vested block-by-block over next 6 months
Community Rewards
30%
150,000,000
0% unlocked at TGE, linear unlock by month for the first year, second year, and third year with 20%, 40%, and 40%, respectively
Staking Rewards
15%
75,000,000
0% unlocked at TGE, linear unlock by month for the first year, second year, and third year with 20%, 40%, and 40%, respectively
Team
15%
75,000,000
36 months vesting, 12 months cliff, linear unlock starting from the 13th month
Community Treasury
15%
75,000,000
36 months vesting, 20% released at the end of the first month, 11 months cliff, linear unlock by month starting from the 13th month
Total Supply
100
500,000,000
Token Usage On-chain Governance
Users may stake $SEA to gain voting power and participate in the governance process to change product parameters. Staking Incentives
The main purpose of the SEA token is to reward CoreSea Stakers in transaction fees from the NFT marketplace. Users are able to collect network fees in $SEA or $CORE/$SUI, and rewards are paid out daily. Similarly, buyers and sellers are rewarded with $SEA
In addition, staking participants also have the opportunity to receive NFTs from CoreSea partners.
Free-mint/Whitelist Pool
Holders who have staked $SEA or hold DAO PASS nft will be able to join the launchpad of Free-mint projects and participate in the Whitelist Pool of other projects launchpad on CoreSea.
Product development
SEA revenue from transaction fees will be partially used for future product development and ecosystem growth.
Unique membership rights
Users will gain tiered benefits on the platform, enjoy retroactive incentives from CoreSea, and have privileges when joining CoreSea products/ services or participating in events from strategic partners.
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