A lot of cryptocurrencies rule the crypto market from the top-rated cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), to the stablecoins like Tether (USDT), meme coins like Shiba Inu (SHIB), Dogecoin (DOGE) and more. A new variant of cryptocurrency, namely Seasonal Tokens, has surfaced in the market that aims to make a revolutionary change to how people trade these digital currencies. In this article, we will take you through the various aspects of the Seasonal Tokens and help you understand how investing in these would be beneficial.
What Are Seasonal Tokens?
Seasonal Tokens are a collection of four tokens that describes the four seasons. These are Spring Token, Summer Token, Autumn Token and Winter Token. These crypto tokens are relatively new tokens and were introduced back in July 2021 when the smart contract code for the tokens was written. By August 2021, the audits of the Seasonal Token smart contracts were completed.
According to the official website of Seasonal Tokens, the four tokens are completely trustless as well as decentralized that are mined using the Proof-of-Work (PoW) mechanism. The tokens have been designed in a manner so that the prices of the tokens will oscillate around each other during the course of years. This permits the investors to increase their holdings with time by trading the more expensive tokens for the cheaper coins.
How Do The Season-Centered Tokens Work?
The Seasonal Tokens have been conceived as a custom-designed investment cryptocurrencies which is inspired by Bitcoin. The rate of BTC production is halved once every four years. This leads to a bull market over the following year as the market price shoots in reaction to the supply decline. With the four season-based tokens and halvings every nine months, the investors are able to take advantage of the same mechanism over five times as frequently as BTC’s halvings permit.
Similar to tokens that can be produced at will as well as represent the liabilities of a corporation, the Seasonal Tokens can solely be produced through proof-of-work mining. Nobody has offered the tokens for free. The product founders have to mine them and also buy them like everybody else for obtaining these tokens.
The smart contracts controlling the issuance and transfer of the tokens have been deployed on the Ethereum network. As they all reside on the same blockchain they can be traded easily for one another on any decentralized exchange (DEX) like Uniswap.
Additionally, the coins get all the benefits from Ethereum’s security. It does not require to maintain a peer-to-peer network or defend against the 51% attacks. The central priorities during the development of the Seasonal Tokens’ smart contract code were Security and interoperability. Thus, the tokens comply with both ERC-20 and ERC-918 standards. This makes it possible to store and trade the tokens utilizing the existing software wallets. The standards also aid the coins to be mined making use of the existing mining software.
Features Of The New Crypto Tokens
The following are some of the features supported by Seasonal Tokens:
- The tokens are completely trustless and decentralized.
- The Bitcoin influenced tokens are mined using Proof-of-Work.
- The tokens can be directly added to the MetaMask Wallet. But for that, the users need to have the MetaMask installed on their device.
- Farming is available with the crypto tokens.
- More tokens can be earned through trading more of the tokens.
- The tokens are developed making use of the industry-standard best practices.
Issues With The Seasonality Of Crypto Prices
In the crypto zone, investors face huge problems with the crypto price in the crypto market. This has made it quite difficult for the cryptocurrency investors to keep tabs on the exact time period when they must buy a specific crypto at a given point of time in a year.
The seasonality of the crypto price, especially Bitcoin, is a nature of the time series where the price of the crypto sees regular as well as predictable changes recurring each calendar year. This seasonality is the outcome of halving the rate of production of crypto assets like Bitcoin (BTC).
This issue of seasonality in the crypto price is aimed to get solved via the development of cyclical trading token development over the years. It aims to protect the investor’s funds permitting them to grow their wealth. That said, the Seasonal Tokens are developed as well as designed to make seasonality work for investors’ benefit when they invest largely on cryptocurrencies.
What Are The Advantages Of Investing In These Seasonal Tokens?
There are numerous advantages of investing in Seasonal Tokens. Here are the most prominent ones:
- Successive Halving: Investors can take advantage of the halvings of Seasonal Tokens. This makes it easier for them to always hold a token that will rise in price. That said, the Seasonal Token halvings always multiply the chances of making profits.
- Buy And Sell Timings: The toughest problem of the cryptocurrency investors is to figure out when to buy and sell their tokens. However, Seasonal Tokens are designed to permit its investors to know when exactly they must buy and sell while investing.
- Increase In Invested Tokens: When the investors participate in the cyclical trading of Seasonal Tokens, they will see an increase in the total number of tokens that the individual can own over time.
- Predictable Price Rises: The four Seasonal Tokens, viz., $Spring, $Summer, $Autumn (Autumn Token), and $Winter are designed to increase in price in a very predictable sequence. The sequence repeats in which Spring tends to rise in price followed by Summer, Autumn Token and Winter respectively and so on.
- Elimination Of Loss Risk: Seasonal Tokens permit the investors to take advantage of seasonality of the crypto process. This thereby minimizes the loss rates.
How To Buy & Trade Seasonal Tokens?
You can trade Seasonal Tokens for Tether (USDT) on two centralized crypto exchanges such as Coinstore.com and CoinsBit.io. However, the easiest method to buy and trade the season-centric tokens is through the MetaMask wallet. The following video will help you to buy and trade Seasonal Tokens using MetaMask wallet.
The investors can buy and trade the tokens on Ethereum Network and on Polygon. Once they have installed MetaMask, they can use the buttons in the Seasonal Tokens official site to add tokens to their wallet. Then they can swap other cryptocurrencies for Seasonal Tokens using the swap functionality of MetaMask.
Here is a tip for the investors trading one kind of Seasonal token for another. They must always trade tokens for more tokens of a different variant. This ensures that the total number of tokens in the investment increases with each trade.