Seele Ushers in a Significant Era

Blockchain Observer Hub
3 min readMay 14, 2020

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On May 13th 16:18 pm, Seele issued three official announcements signifying a significant moment of Seele ‘s granularity subdivision is on its way.

Seele’s granularity subdivision is divided into three stages:

① May 13th to May 15th is the granularity subdivision announcing phase, users who hold tokens are requested to ensure that Seele Token is stored in their personal Ethereum token-holding address, and stored in the Ethereum token-holding address created by wallet app or in one personal accounts of Huobi Global or CoinEx.

② May 16th to May 17th it is the contract replacement phase. During this period, the original Seele ERC20 contract will be suspended, and users cannot transfer funds (including withdrawals from the exchange, deposits, etc.). After this period, Seele token stored in the personal Ethereum token-holding address and in the Ethereum token-holding address created by wallet app completes this granularity subdivision.

③ The third phase is the contract replacement stage of the exchange, which completes the granularity subdivision of Seele Token held in the users’ account in the exchange. During this period, functions of transaction, deposit and withdrawal and transfer may appear. After this period, Seele token in the exchange completes the granularity subdivision. Please pay attention to the official announcement for the specific time and rules of this phase.In general, the most important thing you need to pay attention to this subdivision is to store your Seele token in the two cooperative exchanges within the time from May 13th to May 15th. Hence, you can hand it over to the automatic contract replacement completed itself.

According to the content of the second announcement, Seele intends to open a one-way exchange channel for Seele token exchange for Seele mainnet token. This is definitely a good thing for the majority of miners. But of course, the final result will be dependent on the community’s opinions. However, there are various indications that there is a high possibility that the proposal can be passed, and everyone can yourself prepared in advance.

Affected by the news of Seele’s granularity subdivision, Seele ushered in the first wave of surge, which has reached 13.44% within 24 hours from the official announcements.

As can be seen from the trend chart below, Seele’s current resistance point is around 0.087USDT. If it can break through this point in the short term, there should be another wave of surge.

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