Tokenomics de Seraph (SERAPH)

Seraph’s token ($SERAPH) underpins a blockchain-based ARPG ecosystem, blending play-and-earn mechanics with a robust, multi-faceted token economy. Below is a comprehensive breakdown of its token economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.

Issuance Mechanism

• Token Generation Event (TGE): The SERAPH token was officially launched on January 6, 2025.
• Initial Distribution: Prior to TGE, players could acquire “Seraph Starry Journey Feathers” (three rarity levels) redeemable for SERAPH at fixed rates:
  • 1 Starry Feather = 1 SERAPH
  • 1 Chaos Feather = 3 SERAPH
  • 1 Soul Feather = 10 SERAPH
• Total Supply: 1 billion SERAPH tokens.

Allocation Mechanism

Usage and Incentive Mechanism

• In-Game Utility: $SERAPH is used to unlock features, craft items, and participate in exclusive events.
  • Reforging chaotic affixes for NFT equipment each season.
  • Revealing attributes of NFT equipment from drops.
  • Participating in Soul Spar and Equipment of Seraph NFT drops.
  • Unlocking dungeon access, minting keys, and burning maps.
• Player Rewards: Distributed for in-game achievements (ladder rankings, dungeon contributions, etc.).
• Governance: Future plans include community governance participation.
• Marketplace: Used for buying/selling in-game items and facilitating player-driven economy.

Locking Mechanism

• Cliff and Vesting: Core contributors and investors are subject to cliff periods (1 year for contributors/investors, 6 months for advisors) followed by linear monthly vesting (3–3.5 years).
• Seasonal Rewards: Some allocations are distributed seasonally based on player activity and engagement metrics.

Unlocking Time

• TGE: January 6, 2025, marks the start of token unlocks.
• Vesting Schedules: Unlocks for core contributors, advisors, and investors follow their respective cliff and vesting timelines.
• Ongoing Distribution: Community and ecosystem allocations are released in line with game seasons and incentive programs.

Additional Insights

• Market Performance: After TGE, SERAPH experienced typical post-launch volatility, stabilizing around $0.15–$0.17 per token by Q1 2025, with a circulating supply of 203 million and a market cap of $34.8M.
• Treasury: As of March 31, 2025, the treasury balance was $146.6M, indicating strong liquidity and project funding.
• User Engagement: The project saw a surge in user activity post-TGE, with a subsequent stabilization and renewed interest in March 2025.

Summary Table

Seraph’s tokenomics are designed to foster long-term engagement, reward active participation, and ensure sustainable ecosystem growth through a combination of play-and-earn incentives, robust allocation strategies, and transparent vesting mechanisms.