โทเคโนมิกส์ Seraph (SERAPH)

The native token of the Seraph ecosystem, $SERAPH, is designed to be a utility token that facilitates participation, unlocks features, and drives the in-game economy of the blockchain-based ARPG. The Token Generation Event (TGE) for $SERAPH occurred on January 6, 2025, establishing the foundation for its player-driven economy. The total supply of $SERAPH is 1 billion tokens.

Issuance Mechanism

The issuance mechanism for $SERAPH is primarily centered around rewarding community engagement and player activity.

• Pre-TGE Redemption: Before the TGE, players could acquire Seraph Starry Journey Feathers which were redeemable for $SERAPH tokens at set rates based on rarity:
  • 1 Starry Feather = 1 $SERAPH
  • 1 Chaos Feather = 3 $SERAPH
  • 1 Soul Feather = 10 $SERAPH
• Seasonal Rewards: A significant portion of the token supply is allocated for player rewards and distributed each season through a "user interactives" system that quantifies players' interactions, behaviors, and activities within the game. For instance, Season 2, which began on March 7, 2025, featured a prize pool of 6.1 million $SERAPH plus 50 BNB.
• In-Game Activities: $SERAPH tokens are distributed as rewards for various in-game achievements and contributions, including:
  • Ladder rankings
  • Chaos Dungeon contributions
  • Secret Prison participation
  • Soul Spar utilization

Allocation Mechanism

The total supply of 1 billion $SERAPH tokens is distributed across various stakeholders, with a strong emphasis on community incentives.

Key Distribution Details:

• Community Focus: Over 40% of the total supply is dedicated to Community Airdrops and Incentives, targeting existing NFT holders, active players, and ongoing incentive programs.
• Airdrops: Distribution mechanisms included airdrops for holders of SOUL/SPP NFTs and Seraph Starry Journey (SSJ) NFTs. For example, SOUL and SPP holders were eligible for an airdrop of 48 million $SERAPH tokens, with the first batch of Season 1 rewards distributing 12 million $SERAPH.

Usage and Incentive Mechanism

$SERAPH serves as the native utility token within the Seraph ecosystem, designed to foster long-term engagement and unlock premium features.

Core Utility of $SERAPH:

• Feature Unlocking and Crafting: $SERAPH is used to unlock game features and craft items.
• NFT Equipment Management:
  • Reforging chaotic affixes for NFT equipment each season.
  • Revealing the attributes of NFT equipment obtained through drops.
• Dungeon Access and Farming:
  • Participating in unique opportunities, such as "Soul Spar" and "Equipment of Seraph" NFT drops.
  • Minting dungeon keys to farm Soul Spars without requiring NFT Equipment.
  • Burning maps.
• Governance: $SERAPH holders are intended to engage in future community governance activities, allowing players to influence aspects like new features, events, and the overall direction of the ecosystem.

In-Game Economy (Soul Spars):

While $SERAPH is the on-chain token, the game also utilizes an off-chain currency called Soul Spars.

• Acquisition: Soul Spars are earned by defeating monsters in the Void Realm dungeon while consuming the Chaos Energy of equipped NFT Equipment.
• Utility: Soul Spars are used for:
  • Consuming to enter the Mystery of Chaos dungeon, where "Equipment of Seraph" NFTs can drop.
  • Enhancing equipment and improving gameplay potential.
  • Equipment crafting in combination with materials.
  • Buying and selling goods in the in-game marketplace.

Locking Mechanism and Unlocking Time

The token allocation for Core Contributors and Investors is subject to vesting schedules designed to ensure long-term commitment to the project.

• Core Contributors (18.00%): This allocation is subject to a one-year cliff followed by linear monthly vesting over three years.
• Investors (6.42%): This allocation is subject to a one-year cliff followed by linear monthly vesting over three years.
• Airdrop Rewards: Rewards distributed to SOUL and SPP asset holders as part of the airdrop had no lockup period. The claim period for the first batch of Season 1 rewards was from January 6, 2025, to February 5, 2025, with unclaimed tokens reverting to the game reward pool.

Information regarding the specific unlocking schedule for the Foundation and Ecosystem Development and Marketing allocations was not available.