SEAM Token Makes Waves: First Base Network Token Listed on Coinbase, Launches Airdrop and Liquidity Mining

Exciting news for the crypto community! SEAM, the token powering the innovative Seamless Protocol, has achieved a significant milestone. It has become the first token issued on the Base network to be listed on Coinbase, marking a pivotal moment for both the protocol and the burgeoning Base ecosystem. This groundbreaking listing on a major exchange like Coinbase immediately puts SEAM in the spotlight, promising increased accessibility and visibility for the token.

What is Seamless Protocol and SEAM Token?

Seamless Protocol is a cutting-edge lending protocol built on the Base network, Coinbase’s Ethereum Layer 2 scaling solution. Think of it as a decentralized platform where users can lend and borrow cryptocurrencies in a seamless and efficient manner. SEAM is the native token of this protocol, designed to empower its ecosystem and community.

Launched recently, SEAM quickly captured market attention. Just three hours post-launch, it was trading around $7, according to DexGuru, demonstrating strong initial interest. Let’s delve deeper into the tokenomics and what makes SEAM stand out.

SEAM Tokenomics: Fair Distribution and Community Focus

Understanding the token distribution is crucial for assessing the long-term viability and community alignment of any cryptocurrency project. SEAM boasts a total supply of 100 million tokens, distributed with a strong emphasis on community involvement. Here’s a breakdown:

• Community Allocation: A significant 69% of the total supply is dedicated to the community. This highlights Seamless Protocol’s commitment to decentralization and rewarding its users.
• Ecosystem Support and Foundation: 20% is allocated to bolster the ecosystem’s growth and provide foundational support for the protocol’s development and expansion.
• Core Contributors: 8% is reserved for the core team members who are instrumental in building and maintaining the Seamless Protocol.
• Community Contributors: 3% is set aside to reward individuals who contribute to the Seamless community, fostering active participation and growth.

This distribution model, often referred to as a “fair launch,” is particularly noteworthy because Seamless hasn’t raised funds through traditional equity sales or a pre-sale of the SEAM token. This approach aims to create a level playing field, prioritizing community access and organic growth over venture capital influence.

Coinbase Listing: A Day-One Debut for SEAM

Securing a day-one listing on Coinbase is a remarkable achievement for SEAM. This means that the token became available for trading on Coinbase on the very same day it was generated. Such listings are highly coveted in the crypto world as they provide immediate access to a massive user base and significant trading volume. For SEAM, this Coinbase listing:

• Boosts Liquidity: Coinbase’s vast user base and trading infrastructure ensure high liquidity for SEAM, making it easier for users to buy and sell the token.
• Enhances Credibility: Listing on a reputable exchange like Coinbase lends credibility to SEAM and the Seamless Protocol, signaling a degree of trust and validation.
• Increases Visibility: Coinbase listings significantly increase the visibility of a token, exposing it to a wider audience of potential investors and users.

Claim Your SEAM Airdrop: Rewarding Early Supporters

Seamless Protocol is also showing its appreciation to early adopters through a generous SEAM airdrop. If you were an early supporter of the protocol, you might be eligible to claim free SEAM tokens! The airdrop claim went live on Monday at claim.seamlessprotocol.com and will remain open for three months. Don’t miss out if you qualify!

According to reports, over 5,000 Seamless users are eligible for this airdrop, with the snapshot taken on December 8th. Check the claim portal to see if you are among the lucky recipients.

See Also: Justin Sun Has Announced 10,000 TRX Airdrop On Binance Square

Participate in Liquidity Mining and Earn SEAM

Beyond the airdrop, Seamless Protocol is launching a liquidity mining program to further incentivize user participation and protocol growth. As announced on X (formerly Twitter), users can earn SEAM tokens by engaging with active supply and borrow markets on the platform. This is a fantastic opportunity to not only earn SEAM but also contribute to the protocol’s liquidity and stability.

Seamless Protocol: Building on Aave V3 and Base Network

Seamless is built as a fork of Aave V3, a well-established and highly regarded lending protocol in the DeFi space. Leveraging the robust foundation of Aave V3 provides Seamless with a solid technological base and proven security features. Furthermore, being built on Base, an Ethereum Layer 2 scaling network developed by Coinbase, offers several advantages, including:

• Lower Transaction Fees: Base network significantly reduces transaction costs compared to the Ethereum mainnet, making DeFi more accessible.
• Faster Transactions: Layer 2 solutions like Base offer faster transaction speeds, improving the user experience.
• Coinbase Ecosystem Integration: Being part of the Coinbase ecosystem can provide Seamless with seamless integrations and access to Coinbase’s vast resources.

Currently, Seamless ranks as the seventh-largest protocol on Base, boasting a Total Value Locked (TVL) of $12 million, according to DeFi Llama. This demonstrates the protocol’s rapid growth and increasing user adoption within the Base network.

See Also: Coinbase Partners with Conio To Bring Crypto Into The Italian Banking Sector

Conclusion: SEAM Token and Seamless Protocol – A Promising Future on Base

The listing of SEAM on Coinbase marks a significant milestone for both Seamless Protocol and the Base network. With its fair launch approach, community-centric token distribution, day-one Coinbase listing, airdrop, and liquidity mining program, SEAM is poised for exciting growth within the DeFi landscape. Built on the robust foundation of Aave V3 and leveraging the advantages of the Base network, Seamless Protocol is well-positioned to become a leading lending platform in the evolving crypto ecosystem. Keep an eye on SEAM and Seamless Protocol as they continue to develop and innovate within the world of decentralized finance.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.