What is Seed Token?
Seeds token (SDS) is the native token of KeplerSwap and the means for the achievement of decentralization and autonomy. There will be a total of 210,000,000 SDS in the supply of which 80% Would be generated by mining power, 10% is reserved for marketing and business cooperations while the other 10% will be reserved for private placement. This article is an attempt to look at the possible use cases of the Seed Token (SDS).
Uses of SDS Within and outside the Keplerswap Ecosystem
SDS finds usage and relevance in both aspects that relate to the KeplerSwap platform and extends uses outside the network. Some of the uses of SDS include:
1. Platform Governance: Holders of SDS reserve the right to vote in community governance and in major decision-making events as it concerns the platform and is also able to propose changes to policies and areas for possible improvement.
2. Lucky Pull Lottery: Lucky Pull lottery is a reward system that allows the use of smart contracts to encourage users to refer to other users and also to provide more liquidity. From the top 30 referees and top 30% liquidity providers of the week, a smart contract is used to select eleven (11) users randomly, while one of the selected users (picked by a pre-worked smart contract algorithm) will receive 50% of the Lucky draw reward, the other ten (10) users will share a pool of 50% reward to be paid in SDS and BUSD.
3. Liquidity Mining: Holders of SDS Token can add liquidity on the Keplerswap platform to receive rewards. The flexibility of the mining platform is such that users can choose either not to lock their stalkings or to lock it for 30 days, 90 days, or 360 days depending on their choices.
4. Airdrops: An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user base and a wider disbursement of coins. They aim to take advantage of the network effect by engaging existing holders of a particular blockchain-based currency, such as Bitcoin or Ethereum in their currency or project. All airdrops on the Keplerswap platform will be achieved using SDS.
5. Space Creation, Voting, and Interest: Users who have provided liquidity to the platform or referred other users to yield farming can submit applications to create space on the Keplerswap platform. In the same line, holders of SDS reserve the right to vote in a space election and in other major decisions. Interests accruable to space owners are enormous and may include rewards from liquidity market-making from their space members and extra rewards to them upon winning an election.
These are some of the use cases that will make SDS scarce and drive its value to the moon.
