$SERAPH is the native token of the Seraph ecosystem, an ARPG for PC and mobile. The token serves as a versatile resource for enhancing gameplay, managing NFT equipment, accessing exclusive in-game events, and participating in community governance. Players can use $SERAPH for customization and upgrades, revealing attributes of NFT items, and unlocking special rewards.
It is a fungible, Ethereum-based, ERC-20 token limited to a total original supply of 1,000,000,000.
The price of this token is subject to high volatility.
What are $SERAPH tokens used for?
- Game Currency: $SERAPH is needed to purchase and perform specific NFT-related actions (e.g. revealing NFT attributes of and customizing equipment NFTs).
- In-Game Rewards: $SERAPH is used to reward players based on in-game achievements and/or NFT use.
- Exclusive Access: $SERAPH is required to access special events and rewards in-game, such as Soul Spar and Equipment of Seraph NFT drops.
- Governance: $SERAPH is to be required for participating in the decentralized governance of the Seraph ecosystem (e.g. voting power on resource allocation, token burning, and funding new projects).
How to acquire $SERAPH tokens?
- Play-to-Earn Rewards: Players may earn $SERAPH upon meeting specific conditions (e.g. holding a determined NFT in-game) and/or completing particular in-game actions within the Seraph game ecosystem.
- Airdrops: $SERAPH may also be distributed as rewards during special in-game events, promotions, or community initiatives organized by the Seraph development team or partners.
- Community Initiatives: In some cases, $SERAPH may be earned by contributing to user-generated content initiatives or creating valuable content that enhances the Seraph community.
- Staking: $SERAPH holders may stake/lock $SERAPH to earn additional $SERAPH tokens and in-game benefits (with associated risk of token value loss during lock period).
- Crypto Exchanges: $SERAPH may be purchased on a cryptocurrency exchange, and imported into the game through a player’s crypto wallet.
⚠ Disclaimer: The above information has been gathered from the coin's whitepaper and other official sources, such as social media channels. Some features may be planned but may never be implemented. Web3gamer doesn't recommend buying cryptocurrencies except for gaming purposes and within your usual gaming budget.