Seascape AMA Recap with Decentralized Club!
Getting to the Nitty Gritty Part 4!
Seascape Network is ending the year with yet another AMA, right at the start of December. This time we were fortunate to link up with our friends from the Decentralized Club. As always, it was a great success, and for that we’re very grateful to all our fans and those who are taking their first peaks at our up and coming platform. Since we had a few questions overlapping from the previous AMAs, here we’ll collect the new information. Click here for our first November AMA, here for our second, and here for our third. We hope you have as much fun learning about the platform as we have creating it!
- Did you copy this price stabilization model from some other project or is it something innovative from Seascape Network?
- What’s the minimum / maximum that can be staked into the pool?
- How does Seascape handle the issue of liquidity?
- How is Seascape working to make NFTs an attractive market?
- Do you have any plans to develop your connections in SE Asia
Open Chat Questions
- Why are Non-Fungible Tokens still not reaching their full potential on the Ethereum network and how do you aim to remove obstacles to reaching their real uses?
- What are the short term and long term goals of your platform?
- Do you think your system is secure enough? How safe is your system in securing funds and user data?
- Do you have any new partnerships recently? What advantage do they bring to Seascape?
- What are some of the major achievements that Your Project has achieved and what milestones are planned ahead in the next 6 months, 1 year and 5 years?
Did you copy this price stabilization model from some other project or is it something innovative from Seascape Network?
Any platform designed around a token needs to keep price stability in mind. The Seascape Network has a few methods devised to not only have good action early on, but also keep it sustainable long term. One key mechanism is the Crowns Paywave. Any amount of Crowns spent in our own games will be automatically distributed back to holders on a weekly basis. Revenue for games developed by other devs will go to them with a fixed amount being distributed out of that as well, the so called “Community Fee.” The key component of it all will be network usage. As long as people play our games and are actively engaged, demand for the token will increase! And this is something we will continue building upon.
What’s the minimum / maximum that can be staked into the pool?
There are few limits when it comes to deposits in our game. We didn’t want to cut anybody out by imposing minimum limits. Different assets will be staked or spent in different games though, as a way to encourage users to interact fully with the Seascape Network. Liquidity Pool Tokens, NFTs and of course the token itself will all have a clear value and create a path for users to earn more as they level up through the network. The core philosophy is simple, the more involved you are in the network, the better the rewards will be! This is also why we do not have any maximum limits, because we do not want to limit any user’s potential in an artificial way.
How does Seascape handle the issue of liquidity?
We agree that liquidity is a big problem with decentralized exchanges, that said, 2020 has seen a huge innovation hit the DeFi space: Liquidity Mining. The very first Seascape game will be just that, a liquidity mining game with excellent rewards to all players who support the network by providing liquidity to the ETH-CWS pair. By carefully balancing the rewards granted in order to avoid massive inflation, we believe we have found the perfect sweet spot between incentivizing our users and providing enough liquidity to the market.
How is Seascape working to make NFTs an attractive market?
First off, Seascape NFTs will be designed with great art, and also highly related to our products, gaming industry and crypto culture. The beauty of the NFT itself is designed to make people want to collect them. Secondly, we have prepared a variety of ways to use NFTs in the game, and what you can soon explore right after token launch is a DeFi mini game that allows Seascape NFTs staking and earn CWS rewards. However, when claiming staking rewards from our NFT staking game, that staked NFTs will have to be burned. This is the consequence we are talking about to create a balance in the price of Crowns and our NFTs. You can claim Crowns, but you need to burn NFTs. You can also create new NFTs, but you will have to spend Crowns (which are then redistributed). This is a balancing act that we believe will add value to the Seascape Network while also adding engagement.
Do you have any plans to develop your connections in SE Asia
Asia in general, and Southeast Asia in particular, is one of the fastest growing crypto markets in the world, both for devs and consumers. We’ve been strengthening our position in the region through strategic partnerships, such as CryptoDaku in India, VBC in Vietnam, and others. Several of our partners are scattered throughout the region as well. We don’t see a future for Seascape that doesn’t include even more outreach to our fans and partners in the region, including future localization as well.
Why are Non-Fungible Tokens still not reaching their full potential on the Ethereum network and how do you aim to remove obstacles to reaching their real uses?
There are a few reasons why NFTs haven’t reached their true potential yet. The first one is pretty obvious: gas fees. Transferring or minting an NFT can cost anything between 5 and 50 dollars. This is clearly not sustainable in the long run, and is why layer-2 solutions need to be implemented for NFTs to truly become mainstream. This is the main reason why we decided to build on Polkadot over the long term. Another reason NFTs haven’t become big yet is because they don’t have a lot of uses. Most in-game uses for NFTS are extremely simple, and other than collecting there isn’t much to do. Seascape plans to change that by turning NFTs into a true financial asset that has value. This value will further encourage trading and ownership of these gamified assets.
What are the short term and long term goals of your platform?
In the short term, we aim for the following three things. First, marketing & outreach, which is why I’m here today and doing the AMA with Decentralized Club. I want to let people know about Seascape Network, and to promote our products and ideas to everyone, hoping that more people will follow and join us before our token launch. Second, we are working hard to prepare our token launch, currently we are aiming to launch Crowns (CWS) on Uniswap first in December, and the token contract is already being audited. Third, we are going to open the Seascape Network platform website, and after the token goes live, we will launch our DeFi games. LP mining will be the focus of our first DeFi game, where players can deposit Uniswap CWS-ETH LP tokens and earn premium CWS rewards! All players who participate in the game will also receive a Seascape NFT as an additional bonus, which can be used for other games in the future. In 2021, we will provide DeFi gameplay SDK, so devs can easily use it to add DeFi gameplay into their game.
Do you think your system is secure enough? How safe is your system in securing funds and user data?
All of our smart contracts have undergone serious auditing processes to ensure their security. We have recruited none other than established auditing team CERTIK who will attest to the security of all of our smart contracts. We plan to follow methods just as rigourous for all aspects of our platform, ranging from ensuring safe account logins, data transfers, and server operations. Seascape Network will be constantly upgrading and securing products for all of our users!
Do you have any new partnerships recently? What advantage do they bring to Seascape?
We are a global project. Our team consists of about a dozen people located in Shanghai, Singapore, Tokyo and Sweden. We also work with a variety of game developers across the globe in order to ensure diverse, high level content for our platform. So always finding new partners is one part of our DNA. We’ve partnered with great people. Influencers, institutions, and other blockchain companies to spread the word about what we are currently building. During the two years we’ve been working on our flagship game, BLOCKLORDS, we’ve built relationships with some of the top teams and companies in the industry, including Chainlink, MakerDao, NEO, TRON, and Cocos-BCX, to name a few. We also gained attention quickly after we announced the Seascape Network and CROWNS. We’ve received investment and incubation from LD Capital, KAPA fund, Du Capital, Spark Digital Capital etc. Also, we have a good relationship with blockchain media such as DappRadar, DappReview, AltCoinBuzz and others. We believe we will create some great things together with our partners.
What are some of the major achievements that Your Project has achieved and what milestones are planned ahead in the next 6 months, 1 year and 5 years?
Our team has been working and innovating in the blockchain industry for the last 3 years. Our flagship game, BLOCKLORDS, has received multiple award grants from established protocols such as Matic, Loom, NEO, Tron, and more, while we’ve also forged partnerships with great projects such as Chainlink and MakerDAO. The track record of the Seascape team is incredibly strong and we are bringing all of our experience with us to help ensure that Seascape is a long term success, along with the Crowns token.
Stay tuned for more