Has the BiShares Game Fund won you over as yet? Well wait, there’s more. The impressive list of tokens in the fund goes on! Our team is thrilled to shine some spotlight on yet another massive project that’s shaking up the fund, Seedify, and its token SFUND.
Seedify is an incubator and launchpad for games on the blockchain that was founded in February of this year. Seeing the value of a play-to-earn ecosystem, Seedify has joined in on seeing the importance in creating a transparent gaming experience with in-game earning opportunities leading to real-world ownership.
So what is Seedify’s role in all of this exactly? Seedify offers curated Initial Games Offerings (IGOs) to quality blockchain games. The IGOs help these blockchain games to reach crowdsourced funding as well as assist in community building and marketing techniques.
Seedify sees blockchain gaming as a revolution, one that will undoubtedly bring in millions of new users and create a plethora of new jobs, all while increasing financial benefits. For Seedify, blockchain is the future and they want to help pave the way through successful gaming projects.
How does it work exactly? Before getting involved with Seedify, whether as a developer or investor, users need to verify their KYC process. The team at Seedify uses Blockpass, a KYC system that allows the community to enter IDOs that launch at the Seedify Launchpad.
Seedify continues to update, using a tier system that they continue to look at and revamp based on the needs of the community. They continue to focus on creating a fair opportunity for all. Having initially focused on a tier system where all tiers were guaranteed allocations, the large base of users quickly resulted in allocations being too small. Additionally, bonus pool weight structures were too drastic. Seedify adjusted the system, adopting lottery-based allocations for the lowest tier, updating the pool weight formula, and giving the lowest tier the opportunity to be guaranteed by the second phase. For us, this shows Seedify’s commitment to fairness, honesty, and success.
Based on tier, Seedify offers an array of services, as seen on their website. These services include:
- Funding Pool
- Community Involvement Programs
- Community Involvement Rewards
- Yield Farming
- Solution Partners Program
- Seedify.fund Dashboard for a simple user experience to interact with these systems
Seedify’s decentralized seed funding model is backed by the SFUND Token, which has a total supply of 100 million coins. The coin launched on the Binance Smart Chain, as voted on by their community. There are currently 18,622,949 SFUND in circulation. As of today, SFUND is valued at $8.18. The tokens current Market cap is $152,481,604.
Seedify operates as a chain-agnostic framework, acknowledging the different layer 1s having their own varying sets of strengths. Seedify wants to give all innovators and entrepreneurs the chance to apply, regardless of the infrastructure they have chosen to host their project on. This diversification system, allows for continued growth of the blockchain gaming sector, giving equal opportunity for innovators and investors to have more “community friendly, market ready, and widely adopted” products and services out there.
Seedify was founded by Levent Cem Aydan who has founded several marketing and tech startups over the last decade. He’s also been an investor in blockchain startups for the last 4 and a half years. The team itself is quite international, with members located in Turkey, Bangladesh, Portugal, Germany, The Philippines and Nigeria. This global team comes well-versed in the blockchain ecosystem.
Lots of potential for Seedify and the SFUND Token, we are incredibly excited to have them included in our Game Fund. As stated in their White Paper, Seedify states that “True decentralization, paired with community-driven mechanisms will always be at the core of the Seedify.fund ecosystem features and product development cycles.” We see their focus on the DAO and overall community involvement as an intricate part of the project’s success. We are thrilled to be a part of it and encourage you to do the same!