Topics GameFi
Bybit Learn
Bybit Learn
Beginner
Aug 24, 2022

Seedify (SFUND): The Gateway to Blockchain Gaming

Over the past two decades, the gaming industry has grown at a rapid rate and is now among the largest industries in the world. Even though additional advancements are ongoing, the gaming side of the crypto industry has been increasing rapidly in popularity of late. 

Gaming projects like The Sandbox and Decentraland are billion-dollar investments. A sizable portion of crypto investors who focus on gaming are now looking for other projects to put their money toward. Among the most recent projects to gain the attention of investors is Seedify.fund (SFUND). Here's a comprehensive guide to Seedify and what it does for blockchain games.

What Is Seedify?

Seedify is a community-focused launchpad and blockchain gaming incubator that's designed solely to support blockchain gaming projects. This platform provides startups with a range of resources, which extend to an IGO launchpad, developmental feedback and seed money.

This platform wants to be the future of Play-to-Earn crypto gaming, which is why they’re acting as a launchpad for any type of blockchain game. Token holders and investors who use Seedify gain access to initial game offerings (IGOs) and initial NFT offerings (INOs) available via the Seedify Launchpad, which means that investors can use their funds to support gaming projects that have yet to be released.

When users play video games, they can earn tokens and in-game NFTs as rewards. Over the past several years, the play-to-earn (P2E) model has been widely adopted for blockchain games, which is partially due to the immense popularity of the NFT-based game, Axie Infinity.

History of Seedify

The founder of Seedify.fund, Levent Cem Aydan, first showed interest in creating a crypto startup back in 2018. At this time, he found that half of the equity raised by the startup would be taken directly by the equity firm — which meant that there wouldn't be much in funds left to provide developers with incentives, or to innovate within the crypto industry.

After a few years, Aydan's frustrations with equity firms and how they viewed crypto startups would lead him to create Seedify.fund. This platform was brought online in January 2021 to provide players with the ability to vote on the direction that the platform would take. At the end of 2021, the estimated value of the entire Seedify platform was $65.5 billion.

SFUND, Seedify's native token, was listed in March 2021. At the time, three million SFUND tokens were airdropped to existing community members. This platform was able to launch without receiving any seed money from private investors or venture capital firms.

How Does Seedify Work?

Before you start using Seedify, here’s how it works. This ecosystem is centered around the SFUND token, which provides holders with the opportunity to stake the token and earn staking rewards. Holders can also invest these tokens to obtain access to various launchpad events.

Lottery System

A major component of Seedify is its lottery system, which gives members the opportunity to participate in any future IGOs. The lottery-based system that Seedify uses determines the tier level that users can join to decide the pool weighting for distribution.

“Weighting” measures the overall likelihood that you’ll be selected at random out of a large number of different names. Let's say that you receive a weighting of 10 out of 100. This means that you have a 10% chance of being selected for the next IGO. Having a higher weight increases your chances of benefiting from this IGO via NFTs or tokens.

If you want to earn staking rewards on this platform, you must first purchase and place SFUND tokens into a pool. Having more SFUND tokens gives you the ability to commit to a higher tier. These tokens can be bought on numerous exchanges, including Bybit.

KYC Processes

KYC stands for “know your customer.” It’s a measure that some platforms use to perform identity checks before someone can access the platform's many features. Seedify offers a comprehensive guide to the KYC process, and how guidelines vary from country to country.

The tokens you use for the KYC process need to remain in your wallet, after which they can interact with the Seedify Launchpad. KYC verification is performed with Blockpass, a digital identity verification company that many regulated industries use.

You'll be tasked with providing such information as a proof of your identity, an email verification and your physical address. Once verification with Blockpass has been completed, you'll then be able to connect your wallet to the Seedify Launchpad. From there, you can select a pool for your preferred IGO.

Seedify Features

Seedify is equipped with a wide range of unique features that help the platform to stand out from the rest.

IGO Launchpad

A primary component of Seedify.fund is its IGO Launchpad. “IGO” stands for initial game offering, which is a method that gaming companies can use to raise capital for future project development. Think of an initial game offering like an initial public offering (IPO) or initial coin offering (ICO). An IPO occurs when a private company decides to sell shares of the company to the public.

The Seedify IGO Launchpad is designed to provide investors on the platform with the ability to invest in new blockchain games, as well as game assets. These investments are made before the game has been released to the public.

By making an investment early on in the development process, the investor is able to enter the IGO at a reduced price as compared to the public listing that will occur later on. However, a project may fail to launch if development doesn't progress smoothly, which increases investor risk.

Once a blockchain gaming startup has left the initial incubation stage, they're able to launch an IGO via the Seedify Launchpad. Actually, the incubation stage can be skipped altogether for companies that would like to launch with Seedify Launchpad as quickly as possible.

This launchpad provides a considerable amount of utility to SFUND token holders. The IGO system that's used at Seedify focuses on providing fair distribution to ensure that investors are rewarded based on the number of SFUND tokens they hold.

At the moment, there are nine reward tiers, which extend from 250–100,000 SFUND tokens. Every tier comes with a different weight. Once an IGO has come to an end, the weight that your wallet has will determine the amount of IGO tokens you’ll receive.

NFT Launchpad

Seedify also maintains an NFT Launchpad, created in mid-2021, which has already supported the launch of 50 successful projects within the blockchain gaming space. This particular launchpad was designed to help startups implement the sale of NFTs into their games.

Investors can use this launchpad to buy new gaming tokens before these tokens land on a public exchange. All gaming projects are required to go through extensive screening to make sure the quality is up to par before being sent to the launchpad.

Staking

Users can bet their SFUND tokens and take part in staking. In turn, they receive a certain amount of staking rewards. New tokens are produced to provide staking rewards, which means that the staking process gives SFUND holders the opportunity to purchase tokens before anyone else.

Governance

Governance on the Seedify platform is performed with the use of a community DAO (decentralized autonomous organization). Members of the DAO have a say on project issues, such as:

  • Which new projects to fund and incubate

  • Any product features

  • Annual road map

  • Mechanisms centered around community involvement

  • Resource management

  • Reward distribution parameters

By using a DAO, Seedify continues as a decentralized system while also ensuring that token holders have a high amount of utility with their holdings.

SNFTS Tokens

Along with the SFUND token that can be used for funding platform mechanisms, Seedify also has another native token that's known as SNFTS. The main use for this token is to reduce transaction fees for token holders. SNFTS is currently set to launch on August 31, 2022.

DAO Model

As touched upon previously, the DAO model is a key facet of Seedify. This is a decentralized mechanism for seed funding that allows funding decisions to be made with the DAO voting system. DAO votes can be cast with the SFUND token.

SFUND Tokenomics

SFUND has a total supply of 100 million tokens. When the project first started out, around 15 million of these tokens were put into circulation and divided into three groups as follows:

  • Initial operations pool — 2 million tokens

  • Initial fund pool — 6 million tokens

  • Community rewards — 7 million tokens

Today, there are more than 33 million tokens in circulation. SFUND has a current price of $2.17. However, the token has ranged in value from $1.54–$3.09 over the past month. The market cap for the SFUND token is approximately $72 million.

Seedify’s Road Map

Because of blockchain gaming’s increasing popularity, Seedify is strongly positioned for the foreseeable future. Since Seedify specializes in blockchain gaming, it has a clear advantage over more generalized launchpads. For 2022, this platform is focusing on bringing new utilities to stakers, SFUND holders and yield farmers to facilitate financial freedom. The various utilities that should provide SFUND holders with more opportunities include:

  • Free game tokens from incubated projects via the Seed Staking functionality

  • Private mint allocations via the NFT Launchpad

  • Increasing the value of the SFUND token by using an auto-buyback mechanism

  • Introducing new avenues for using the SFUND token

At the beginning of the year, the team at Seedify anticipated that Q2 would bring completion of a large number of gaming projects, which means that Q3 and Q4 will focus on improving these products and making sure that they're polished.

Seedify is also striving to improve all aspects of their IGO Launchpad throughout the remainder of 2022. While Seedify is currently the most popular blockchain gaming platform, the company believes that there are many improvements to make in regard to:

  • The benefits they provide to gaming projects

  • Financial returns delivered to the community

  • Better systems for solving problems that arise

By the end of 2022, Seedify wants to:

  • Be among the top 100 tokens on CoinMarketCap

  • Have double the amount of website traffic as their closest competitor

  • Have an SFUND market cap greater than $1 billion

  • Grow the Seedify brand to be well-known, even outside of the crypto and blockchain community

  • Create a fantastic community where stakers, farmers and holders are able to obtain financial freedom

  • Launch acclaimed metaverse projects, blockchain games and NFT sets

Seedify Game Studios

Seedify Game Studios is a studio being created by Seedify to employ game designers, FX artists, art directors, animators and play-to-earn model designers. The purpose of this studio hasn't been announced at this time. It's believed, however, that the studio will help to improve the quality of any game that launches from Seedify.

Metaverse Expansion

At the moment, Seedify is also looking to launch what's known as Seedify Meta Studios. Its purpose is to develop assets and projects that can be used for a wide range of different metaverse projects. A $10 million grant program has also been made to assist teams and artists in the creation of new metaverse assets. The Seedify community has been integrated into the metaverse at The Sandbox after the team purchased a 6×6 plot of virtual land in the game.

SFUND Price Prediction

According to CoinArbitrageBot, it's possible that the Seedify.fund price will reach $4.60508 by the end of 2022, depending on how the broader market performs in the months to come. By 2025, it's estimated that SFUND will reach a minimum price of $18. This prediction is supported by companies such as CoinArbitrageBot, CoinDataFlow and AMB Crypto.

Note that SFUND’s price was below $1 in June 2022, but has since rebounded considerably and even briefly reached a price of more than $3, which indicates that the token has ample room for growth in the coming years.

Where to Buy SFUND

You can buy the SFUND token on various crypto exchanges, including Bybit. When you want to purchase SFUND on Bybit, the first step in this process involves logging in or signing up for a Bybit account. Once your account has been created, you’ll notice a search bar in the uppermost portion of the page.

From here, type in SFUND, which will bring you to the main price page for the SFUND token. On the right is a section that allows you to input the amount of SFUND you'd like to buy and the payment method you want to use. Once you’ve entered and confirmed all of your necessary information, you can complete your purchase.

Is Seedify a Good Investment?

Seedify is a great investment for anyone who's interested in blockchain games. Even though the platform is relatively new, it has already proven to be a strong incubator and launchpad for games. It's also important to understand that the blockchain gaming sector is expected to grow at a fast rate over the next few years, which is why investing in the leading platform for blockchain gaming is a good idea.

When you hold SFUND tokens, you can also earn staking rewards and participate in the governance system for the platform itself. The team at Seedify has already developed a well-planned road map that should guide the platform to future success.

Note that despite our research and prognostications, this is not investment advice. Always do your own research and perform due diligence before making any investment decisions, and remember to invest no more than you’re willing to potentially lose.

Closing Thoughts

There are only a small number of blockchain gaming platforms that are currently worth your time and money. Seedify is at the top of this list. Because of the assistance that this platform provides to game developers who are currently working on blockchain games, everything Seedify does should help the blockchain game industry grow. If you want to invest in SFUND, consider doing so through Bybit.