Preparations for the SEED rewards economy on ICON are underway

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Sesameseed would like to take this opportunity to update the community on the upcoming integration of ICON into the SEED rewards economy. Recently it was announced that Sesameseed was approved as a grant recipient from the ICON Foundation in recognition of its community and innovation in the blockchain industry. This grant included a commitment to stake 1,000,000 ICX to Sesameseed for a period of 6 months.

Sesameseed takes great pleasure in announcing the launch of its test node on ICON. The ICON test node will run for a yet undetermined amount of time to ensure the node is operating correctly, and to allow Sesameseed to gather the needed data to structure the proper policy decisions for ICON rewards. …


Blockchains are interested in the Unifi Protocol

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Sesameseed is proud to announce another potential major benefit to the Sesameseed community, made possible by its development of the Unifi Protocol. Sesameseed was contacted by the ICON blockchain about participating in the ICON community. ICON recognized the unique nature of the Unifi Protocol and is excited to welcome Sesameseed, SEED, and Unifi to the ICON community.

Sesameseed is applying for grant funding on behalf of Unifi. The funding will be requested to support the expansion of the Unifi Protocol to ICON, and to build the infrastructure required for that expansion.

The benefits to Sesameseed and SEED holders that arise as a result of a successful Unifi grant approval are substantial. …


The benefits to the Sesameseed community from Unifi Protocol have exceeded expectations.

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It’s been one month since the Unifi Protocol was introduced, and a lot of progress has occurred since then. As developers of the protocol, Sesameseed has been proud to witness the many accomplishments of the Unifi team. Some of those accomplishments positively impact Sesameseed and its mission for incentivizing community participation in blockchain governance. The unique design of the Protocol carries with it many potential benefits to SEED holders, as outlined in a previous article. It is Sesameseed’s great pleasure to take this opportunity to talk about how Unifi’s efforts have already exceeded expectations in supporting the Sesameseed community.

The Unifi Protocol, from the outset, attracted lots of attention from outside investors who were drawn to the innovative tokenomics and cross-chain interoperability. This interoperability is driven by the same technology that powers SEED swap, which the Sesameseed community has been using for some time now. Utilizing SEED in this way has launched the token onto the worldwide stage. Sesameseed’s CEO Juliun Brabon has participated in 4 Chinese language AMA’s, including one with a Singapore based exchange. In each AMA, the moderators asked about SEED and provided an opportunity to talk about Sesameseed, staking, community governance, and SEED. …


How KLV tokens will be used to benefit the community

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September 10, 2020

The SEEDGerminator Development Fund and all of the tokens within it have been accumulated from the 10% of Sesameseed node rewards reserved for developer support. The intended purpose of the Development fund is to improve and develop the SEED ecosystem and support represented blockchains. A portion of Sesameseed’s node rewards are dedicated to the SEEDGerminator Development Fund. This fund is an example of Sesameseed’s dedication to prepare for future opportunities to benefit SEED holders or support blockchain development.

As this fund continues to grow, more opportunities become available. During this time SEED holders benefit from the fund deferring daily rewards which are distributed to SEED holders as part of the SEED Bonus Rewards. All tokens held by SEEDGerminator have been contributed by listed projects, or are the result of node rewards earned by the fund. The SEEDGerminator Development Fund has never accepted tokens from the community. The fund benefitted from acquiring TWX during the TronWalletMe listing. …


Regarding the TRC20 SEED airdrop to the PoloniDEX smart contract

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August 16, 2020

Sesameseed recently completed the transition from TRC10 to the TRC20 token standard for SEED on the TRON network. This was accomplished via a carefully coordinated airdrop to all SEED in any address on the TRON network. This included communication with all exchanges where TRC10 SEED was listed, as well as commonly used TRON wallets.

Prior to the airdrop, exchanges were notified and requested to delist TRC10 SEED. This was done to ensure the new TRC20 SEED was airdropped to the customer, rather than the exchange smart contract. The delisting date was determined with input and approval of all listing exchanges, as well as each exchange’s commitment to adhere to the scheduled deadlines. …


A Protocol that Benefits SEED Holders and Developers

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Key Points:

  • Sesameseed is developing the UniFi protocols which will be an on-chain resource for any developer to use.
  • UniFi protocols will benefit SEED holders in several ways.
  • A portion of the fees generated by the UniFi protocol are automatically routed by the smart contract to market buy SEED.
  • Users of the UniFi protocol will be turned into SEED holders, increasing the exposure to Sesameseed and SEED.
  • Using the SEED swap feature as a bridge for cross-chain transactions creates an additional use for SEED.
  • SEED is compatible with the ERC20 standard, meaning it could be used to connect the UniFi protocols with the Ethereum Blockchain. …


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Key Points:

  • The TRC20 SEED smart contract address is TBwoSTyywvLrgjSgaatxrBhxt3DGpVuENh
  • TRC10 SEED Holders on TRON will be automatically airdropped TRC20 SEED on or after August 11th 2020 (UTC) at a 1:1 ratio.
  • Conducting transactions with TRC10 SEED after 5:00 pm Pacific Time on August 10 2020 // 00:00:00 UTC August 11 2020 is not recommended and may result in airdrop discrepancies that could include a loss of SEED.
  • No actions by SEED holders are required.
  • SEED rewards will continue to be tracked on a daily basis.
  • This does not impact SEED holders on Ontology and Harmony.
  • After the airdrop, TRC10 SEED will no longer be eligible for redeem value or daily SEED rewards. …


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On July 7th 2020, the Ontology Blockchain enacted a new Governance and Staking Economy Model. This new model changed the way ONT holders, ONT stakers, and node operators are rewarded by the blockchain.

Some of the notable changes include:

  • The minimum stake requirement to any node has been lowered from 500 ONT to 1 ONT. (Up until this change, Sesameseed was the only node to offer this option.)
  • The ONG fee per transaction increased from 0.01 ONG to 0.05 ONG (five-fold), which gives stakers a much higher chance to earn more from network fees.
  • ONT holders no longer automatically receive ONG just for holding ONT. ONT must be staked in order to earn any rewards. Sesameseed will continue to reward its stakers with SEED daily. …


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Sesameseed is excited to share a few of the ways you can use the Sesameseed knowledge base to learn more about Sesameseed, SEED and Sprout. The Sesameseed knowledge base is a keyword searchable tool that provides concise, easy-to-understand answers to questions about Sesameseed-related concepts, terms, or policies. The knowledge base can be found on Sesameseed’s website or accessed directly using the URL docs.sesameseed.org, and is compatible with both desktop and mobile devices.

Many of the most commonly asked questions from both new and existing community members are answered in the knowledge base. It contains answers to questions such as “What is SEED?” and “What are the benefits of holding SEED?” It can also be asked about Sesameseed specific terms such as “What is redeem value?” or “What is the SEED Rewards Bonus?” Many of Sesameseed’s education materials can also be found in the knowledge base such as “Sesameseed in One Page” and “How do I Stake for Sesameseed on Harmony?” …


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SEED Minting and Distribution System

Key Points

  • Sesameseed is providing transparency to the community on the SEED Minting and Distribution System, including an accompanying SEED Minting and Distribution Worksheet as a resource. (download)
  • Sesameseed splits the node rewards on each blockchain. The split can range as high as 100% of node rewards reserved for SEED minting and distribution to the community.
  • Every day, the relationship between node rewards earned, and amount of SEED distributed, favors an increase in the total redeem value of SEED.
  • A minimum of 10% of the daily eligible node rewards on all chains is used to increase the total redeem value of all SEED in existence. …

About

Sesameseed

This account is operated by Sesameseed to write articles about multichain staking and SEED. Learn more on our blog: medium.com/SesameseedOrg

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