Strainz V2 — STRAINZ, SEEDZ, BNB, Farming Pools, and Liquidity Mining
STRAINZ V2 Token
Why is there a new STRAINZ V2 Token?
Due to the locked liquidity of STRAINZ V1 tokens, a new STRAINZ V2 token pool is created. The STRAINZ tokens of V1 can be converted into STRAINZ V2 tokens at migration. From V2 on, liquidity can be provided for V2 tokens, which comes with some incentives, such as the distribution of the new SEEDZ tokens.
The growth factor for STRAINZ V1 tokens will be set to 0 after the announced doubling, so no more V1 tokens will be generated in the long run. The STRAINZ V1 tokens generated in V1 can be converted at any time to V2 tokens by using the migration function.
What can we do with the new STRAINZ V2 Token?
The STRAINZ V2 token is the same as the STRAINZ V1 token, but because of the new pool there will be a new price for it. The STRAIN V2 token can still be used to buy and trade on the marketplace. In addition to the Strainz NFTs, accessories for your plants can also be purchased on the marketplace in V2 using this currency. In addition, there is a new possibility with the new STRAINZ / SEEDZ Pool, here the STRAINZ V2 Token can be exchanged for SEEDZ Tokens. In the STRAINZ / BNB pool it will be possible to provide liquidity for the reward of SEEDZ tokens with the start of V2.
SEEDZ Token
What is this SEEDZ Token and what can we do with it?
In Strainz V2 there will be a new token, the SEEDZ token. With this new token, you can buy boosters like fertilizers, which give a bonus to the applied plant.
The grow fertilizer can be purchased using the new SEEDZ token. The grow fertilizers give a temporary buff to the grow rate when applied to a plant. When applied to a plant, the fertilizer will be consumed.
The breed fertilizer can be bought with the new SEEDZ token. The breed fertilizer, when used in a breeding process, gives an increased chance that the grow rate of the child is increased compared to its parents. It also will increase the chance of getting accessories by breeding! When applied to a plant, the fertilizer will be consumed.
How do I get my SEEDZ?
There will only be 3 million SEEDZ and the respective rewards for the liquidity providers will be based on the SEEDZ tokens remaining in the pools.
Any plant in V2 can be composted. If a plant is composted, the owner gets back accessories that were attached to the plant. In addition, the owner receives a portion of SEEDZ tokens based on the grow rate of the composted plant and the SEEDZ remaining in the total supply pool.
Farming Pools and Liquidity Mining
In total, the maximum supply of SEEDZ is 3 million. In the future, there will be three pools, on which these SEEDZ are rewarded for depositing LP tokens.
STRAINZ / BNB: 1 Million SEEDZ
STRAINZ / SEEDZ: 1 Million SEEDZ (start liquidity of 100.000 SEEDZ/STRAINZ)
SEEDZ / BNB: 1 Million SEEDZ (will be launched later)
At the start of V2, the first two pools will be unlocked, the third pool will start with some delay.
Liquidity providers receive a portion of the SEEDZ remaining in the pool when they provide liquidity and claim the rewards. Each week 5% of the remaining pool supply will be distributed according to one's share of the pool. The upper graph shows the SEEDZ of a pool cumulatively which are claimed over time.
Strategies and Thoughts
The following section describes some possible scenarios regarding the further development of the pools and the transition from V1 to V2. These are only thought games and not a description of what will actually happen, as this cannot be predicted in a free market.
After V1 doubling, there will be some who will convert the STRAINZ V1 token to BNB to provide liquidity in V2 for the first pool STRAINZ / BNB.
Many of the above-mentioned liquidity providers of the first pool will also be able to provide liquidity for the second pool, as they will claim the SEEDZ rewards. In addition, there are holders who compost plants, thereby receiving SEEDZ and who can also provide these as liquidity in the second pool.
Strategically, there will also be some who choose the path of accessory duplication and use their STRAINZ V2 tokens for breeding accessories. This circumstance and both the adjustment of the breeding cost and the increase of the marketplace tax will therefore lead to a burn of the STRAINZ V2 tokens, which ensures a deflationary system.
It is expected that the price of STRAINZ V1 tokens and STRAINZ V2 tokens will remain the same. This is because there are probably some token holders who speculate that newcomers will buy STRAINZ V1 tokens if the price is below the STRAINZ V2 token, since V1 tokens can be converted to V2 tokens at any time. This in turn will cause the STRAINZ V1 token price to rise back up to the same level as the STRAINZ V2 and so on.
