Seedworld Launches New Initiative Allowing $SNFTS Holders to Acquire $SWORLD Tokens

This guide covers the essentials of the $SWORLD token, details the bonus burning pool, and introduces the BURN dashboard, offering $SNFTS holders a clear path

Seedworld recently announced the launch of a new initiative that will allow $SNFTS holders to acquire $SWORLD tokens through a token burning mechanism. Here's a guide covering the essentials of the $SWORLD token, the bonus burning pool, and the BURN dashboard, providing $SNFTS holders with a clear path to participate in this new opportunity.

Introducing the $SWORLD Token

The $SWORLD token, recently introduced by Seedworld, has a total supply of 20 billion tokens, which is equal to the total supply of $SNFTS tokens. This means that holders of $SNFTS can exchange their tokens for $SWORLD tokens at a one-to-one ratio. So, for every $SNFTS token burned, they will receive one $SWORLD token.

Once exchanged, these $SWORLD tokens will be gradually released to the holders to ensure they enter the market slowly and steadily. Initially, at the Token Generation Event (TGE), holders will be able to claim 25% of their $SWORLD tokens. The remaining tokens will then be released gradually over four months following a one-month waiting period.

The Bonus Burning Pool

The Bonus Burning Pool is a special feature of the $SWORLD token acquisition process. It offers additional rewards to users who burn their $SNFTS tokens within the first 14 days after the launch of the burn dashboard. Specifically, 1% of the entire $SWORLD supply is set aside for this pool.

The tokens from this pool will be fully released at the Token Generation Event (TGE), with no vesting schedule. The number of $SWORLD tokens each participant receives from this pool will be based on how many $SNFTS they burn compared to the total amount burned by everyone during this early period.

Detailed Instructions on the Burn Mechanism & Early Bonus

To participate in the $SWORLD acquisition through $SNFTS burning, follow these detailed steps:

Visit the BURN dashboard and connect your wallet.

Choose the amount of $SNFTS tokens you wish to burn and click "BURN."

Confirm the transaction in your wallet.

You will receive $SWORLD tokens at the TGE based on your participation and the early bonus if applicable.

For those interested in learning more about the token burning process and early bonus eligibility, please refer to the official announcement here.