SEED tokens
Documenting the seed round funding agreement.
Last updated
Documenting the seed round funding agreement.
Last updated
Name: SEED
Address:
Type: ERC20
Hard Cap: 1,500
SEED tokens were issued in lieu of funds for the purpose of delivering a viable MVP relating to the 3.finance project. MVP covers work relating to and .
1 SEED token was issued for each $1,000 USD contributed. 1,340 SEED tokens were sold between July '23 and January '24.
The remaining, unsold SEED tokens (160), have been retained by the teams multi-sig. Of these:
100 SEED tokens have been reserved for bounties.
60 SEED tokens have been reserved (and are in use), for contractor payments.
SEED tokens offer the following benefits:
1 Guild NFT per SEED token.
A Guild NFT can be vested over 12 calendar months for 10,000 GUILD tokens.
Each GUILD token holds a protocol pledge to be settled for 1 settlement-unit.
At launch, 1 settlement-unit will be 1x 3CRV token. (Worth approximately $1.05)
With settlement programmed as the 3.finance's primary directive, settlement is assured but time to settlement is not. However, time aside, 1 SEED token = 10,000x 3CRV tokens.
At cost of $1,000 USD per SEED token, ROI per token is expected to be 10x.
When SEED tokens are converted to Guild NFTs (aka 3.finance bonds), they will receive a 3Fi token allocation as if 10,000 stable tokens were contributed.
With a settlement ROI of 10x and a 3Fi token allocation equal to the settlement ROI, the effective and ROI is expected to be in the order of 20x. (Price appreciations not considered).