SEAM, the Seamless Protocol’s token has become the first token issued on the Base network to be listed on Coinbase.
SEAM was trading at around $7 in the three hours after its launch, according to DexGuru.
The total supply of the SEAM token is 100 million, according to The Block, quoting a Seamless community member, who added that “69% of that would go to the community, with the rest to ecosystem support and foundation (20%), core contributors (8%) and community contributors (3%).”
Seamless Price
SEAM has secured a coveted day-one listing, where tokens become available for trading on the same day as their generation event.
SEAM Airdrop
Seamless, a lending protocol, is also initiating an airdrop for early supporters. The airdrop claim went live Monday at claim.seamlessprotocol.com and will be accessible for three months.
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Over 5,000 Seamless users are eligible for the SEAM airdrop, the snapshot for which was taken on Dec. 8, The Block reported.
Simultaneously, the lending platform is launching a liquidity mining program, the project said on X. Users can earn SEAM tokens by interacting with active supply/borrow markets on the protocol.
gm 👋@seamlessFi is excited to introduce SEAM, the governance token of Seamless, which is @BuildOnBase’s largest native lending protocol!
Did someone say wen airdrop? Keep reading for details on how to claim your airdrop? 👇 pic.twitter.com/NeztRH6oIv
— Seamless Protocol 🧵 #BuildOnBase (@SeamlessFi) December 11, 2023
Seamless, a fork of Aave V3, is currently the seventh largest protocol on Base with $12 million of total value locked, according to DeFi Llama. Base is an Ethereum Layer 2 scaling network built by Coinbase.
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Seamless hasn’t raised funds either from equity sales or from the SEAM token, which is why they’re calling its token distribution a “fair launch,” according to The Block.
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