Seedworld Shares How Phase 1 Rewards Work for Seed Roots

Seedworld, a UGC-focused blockchain gaming platform, has officially revealed how holders of Seed Roots (SR) can passively and actively earn Phase 1 rewards, with the more active owners getting a bigger share of $SWORLD tokens from this stage’s prize pool.

The official start date for Phase 1 is December 23rd. Here is everything you need to know about the rewards and transfer system so you’re ready to properly participate once it begins.

How Much $SWORLD Can Seed Root Holders Earn From the Phase System?

On average, each holder should be able to earn 300,000 $SWORLD tokens per NFT, from a total initial rewards pool of 6 billion $SWORLD. Your earnings however depend on your activity. You’ll probably earn less than average if you stay passive, while more active users will be able to get a bigger share of the reward pool by taking part in this phase system and participating in various ecosystem activities.

That being said, 50% of rewards is said to be distributed based on “specific actions, upgrades, and leaderboards according to the phases.” For Phase 1, the focus seems to be on staking power.

How Do Seed Root Holders Earn Rewards in Phase 1?

In Phase 1, all Seed Root holders with 0 staking power will earn 2000 $SWORLD a month. These are the fixed rewards. There are also staking-based rewards, so if you want to earn more, you will want to stake $SWORLD to increase your staking power. Your share of these dynamic rewards varies depending on your staking power in comparison to the total staking power for that particular month. It’s also based on the number of circulating NFTs, meaning that this monthly reward system takes into account only the assets that have been already sold. This way, the team ensures they can reward future buyers “and not over inflate the release of tokens.”

There is however a dynamic maximum staking cap that changes depending on the number of NFTs you own. If you own 1 SR, you can stake up to 100k $SWORLD tokens. You can increase this limit by up to 151k $SWORLD by owning up to 10 NFTs, incentivizing ownership of both the ecosystem token and its core asset.

Next to owning more Seed Roots and $SWORLD tokens to earn more dynamic staking rewards, stakers are also awarded multipliers for long-term participation. While staking for 90 days comes with no multiplier, those who want to increase their staking power and rewards will want to stake for at least 180 days to get a 1.1x multiplier. There is also a 1.2x multiplier for staking 270 days, as well as a 1.3x multiplier for 360 days of staking.

Your staking power is determined by the maximum cap of your $SWROLD in Seed Roots, multiplied by the multiplier(s) you have. If you’re staking in more than one pool with a multiplier, then the system will calculate “a mix of multipliers according to how much you staked in each.”

Overall, 50% of rewards from this phase are guaranteed, while the rest are dynamic rewards that vary based on staking power. If you want to get more than the monthly base reward of 2000 $SWORLD, then you will want to stake tokens to earn more from your SR.

The dynamic rewards are calculated using this formula:

Dynamic Rewards = (Holder’s Staking Power / Total Staking Power) x (Total Dynamic Rewards)

If you want to get a free resource land NFT to be ready for future phases, you should get 2 Seed Roots from the ongoing sale and stake the initial rewards of 120k $SWORLD in the 360-day staking pool, according to the official guide.

For those who happen to own SR and $SWORLD in different wallets, the developers will set up a one-time transfer option so that you can move your NFTs to the wallet you’re staking tokens in.

What Are Seed Roots in Seedworld?

Seed Roots are the foundational NFTs of the Seedworld ecosystem that will provide both active holders and creators with a variety of benefits. Holders will have the opportunity to support community-created content by providing grants fueled by these NFTs. Supporting the right builders will reward you with more $SWORLD tokens, and so will transactions that lead to the purchase of in-game currency. Owners can also look forward to earning throughout a 5-phase rewards plan.

There are a total of 20,000 Seed Roots across 30 tiers. The first Seed Roots sale took place at the end of September this year, and you’ll want to check out the details revealed back then to learn more about the benefits of owning this NFT. This sale was followed by the TGE for $SWORLD in October, while November featured another opportunity to buy more NFTs.

In fact, that public sale is still up and running since November 28th, 1 PM UTC, so if you’d like to buy a Seed Root to reap Phase 1 rewards and future benefits, you can buy Tier 3 NFTs on Seedify through the Ethereum network for 0.207 ETH (~$762) per NFT. Following the sellout of T2s, there are now 1211 T3s still available at the time of writing, with the sale going all the way up to T6. Purchasing from this sale will be rewarded with a 60k $SWORLD unlock on December 26th, which is currently worth around $400.