Weekly Update: System Refresh & New Opportunities.
As we shared over the past three weeks, the team has been laser focused on making impactful changes on the way Seedling works. We believe we have reached a very good point in our system upgrade. There’s a lot to unpack, and I won’t be able to share everything in today’s update. Feel free to check out yesterday’s AMA roundup, as well as our social channels for the latest news and updates on our progress.
We have introduced a radically new way of assigning allocations to our investor base. This involves a combination of burning of tokens and staking or “locking” them. Read more about this update on our documentation:
locking their SDLN tokens. The more tokens you lock, and the longer you lock them for, the higher your allocation…
Many have also been wondering on the Seedling Token underlying value. We’ve shed some light on that question by describing our Platform’s Economics:
Something else you may be interested in checking out is our brand new onboarding form for projects looking to launch their token sale through Seedling. Admire it here:
I hope you can get a sense of the hard work and thought that has gone into this. We will continue to iterate and improve on these processes, and of course explain them as best we can in our documentation and blogs.
You can expect some of these changes to already be reflected on our website by next week. Keep an eye on these exciting new upgrades and make sure to let us know if you have any suggestion or comment on how to further improve.
II. Upcoming IDOs
Cherry Orchard — Cherry Chain Yield Aggregator Protocol
Incubated by Cherry Labs ✔️
Unigate — Decentralized Crypto Payments
III. Projects Under Review
Alightpay — Crypto Management Platform
Pitch Deck: https://docs.google.com/presentation/d/12qjor_JxFFuhlSJfWGsj4w5J-WFIBwW0l_oxP-jydkY/edit?usp=sharing
Incubated by Cherry Labs ❌
Running on Cherry Network ❌
Plena Finance— Mobile DeFi App
Kalan Network — Social Investing and Trading
And we are currently in talks with multiple other viable candidates. As always we’ll be extraordinarily careful when selecting opportunities to bring forth.
We’re happy the way things are going. I hope you now know why. Substantial progress has been made both within the team’s operations, and with the structural improvements mentioned in the first section. You should continue to expect the best from our project, and we entirely intend on delivering it.
In closing, I would also mention the recent cancelation of the MetaWear IDO. We don’t have much to comment, since we should move on and not dwell on the past. Rest assured, however, that it is the Seedling’s team professional opinion that MetaWear and its management is not up to the standards we demand of the projects listed on our platform. Within hours of signing our engagement contract, the project’s team proceeded to violate clauses and refuse to comply with others. All reasonable attempts to rectify the situation were met with arrogance and scorn. The checks and balances Seedling is building and implementing have worked, and we caught this bad apple before listing on our platform.
Seedling is the first launchpad dedicated to launching projects on the Cherry Network, as well as the leading blockchain networks such as Avalanche, Ethereum, Polygon, Binance SmartChain, Fantom, and others.
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