FAQ

Questions

How/where do I buy SEA tokens?
How do I store SEA tokens?
How exactly does SEA token help our oceans?
Why can't I buy SEA tokens on... (add exchange name here)
What is a deflationary cryptocurrency?
So I get free tokens just for holding tokens? How does that work?
What can SEA tokens be used for?
How do I contact the SEA team?


How/where do I buy SEA tokens?

You can buy and swap SEA tokens at Pancakeswap. Pancakeswap is a decentralised exchange - basically a website where different tokens can be swapped for other tokens. You can find a simple, quick tutorial on exactly how to exchange tokens on Pancakeswap here.


How do I store SEA tokens?

Your SEA tokens, like any other cryptocurrency, can be stored in a wallet such as Trust Wallet, Metamask, or any other wallet app. We do not endorse any particular digital wallet - they have different features and strengths, it's best if you try a couple out and see which you prefer. Your tokens can also be stored in an offline wallet, for greater security. There's a great tutorial on wallets and cryptocurrency storage here.


How exactly does SEA token help our oceans?

With every SEA token transaction (except buy transactions on PancakeSwap), 2% of the total amount is sent to a secure wallet. Every 24 hours, the tokens in that wallet are divided up between our partner organisations (such as Sea Shepherd, Coral Reef Alliance and others) according to their current priorities and needs. The potential scale of these donations is game-changing - to give you an idea, on a 24 hour trading volume of $50m, we donate $500k to our partners. Half a million dollars USD, every day. Just think of the progress we can make to save our oceans, given those resources!


Why can't I buy SEA tokens on... (add exchange name here)

We're just getting started - we're doing our best to get SEA listed on popular exchanges such as Binance, Coinex, etc. We'll keep you updated on our progress.


What is a deflationary cryptocurrency?

A cryptocurrency with a continuously depreciating supply is called a deflationary cryptocurrency. When we launched SEA, we "burned" 40% of the total supply, by sending them to the address 0x000000000000000000000000000000000000dEaD, also known as the "black hole". Now, as you know, our smart contract is set up reward holders with a 2% share of every transaction (you knew that right? Cool, huh?). Well, when that 2% gets divided up and shared out to the addresses of all our holders, the black hole is on that list because of the original "burn". So, 40% of that 2% gets burned, too. Every time a swap takes place, the amount of SEA tokens in the world reduces. This ensures a constantly rising price floor, making SEA a great investment.

You might be worried that one day all the SEA tokens will have been sent into the black hole - well, it could happen (almost), in theory. If nobody held their tokens for long, and swapped them at a very high rate, all the SEA tokens could be gone by 2037. But think about it - we have just ten years to save our oceans, and consequently our planet. By 2037, we will have solved the problem of ocean degradation, or it will be too late and the rarity of SEA tokens will be pretty low on our list of worries! Also, all that swapping (increased volume) would generate HUGE amounts of donations, and our partners would be given enormous resources to tackle the problem.

So, in short, the deflationary mechanism we've put in place is there to drive the value of SEA upwards.


So I get free tokens just for holding tokens? How does that work?

Yes! You might be familiar with the concept of farming in cryptocurrency - you stake an amount, and that amount earns you a "yield". It's a great way to earn passive income on your tokens, but it comes with risks and costs - the tokens you stake are at risk, and yield payments frequently attract gas fees, so you end up paying to collect your rewards. We do things differently - for a start, you keep your tokens safe and sound in your wallet. With every qualifying transaction of SEA tokens that takes place, anytime or anywhere, we take 2% out. We look at everyone who has SEA tokens in their wallet at that moment, we check how much they have, and we split that 2% up accordingly. You can pretty much just sit and watch your balance go up every few moments. Let's see an example:

  • Kelly has 500,000 SEA tokens in her wallet. That's 0.25% of the total existing supply of tokens
  • Dan sells 100,000 SEA tokens - 2% (2,000 tokens) is taken out of the transaction, and split between all existing holders
  • Kelly gets 5 SEA tokens automatically added to her wallet. Ker-ching!


What can SEA tokens be used for?

We're in the process of setting up our retail store, and then you'll be able to use SEA tokens to buy SEA stuff, as well as access special deals and discounts with our partners. Thanks to SEA token's deflationary mechanisms, you can also use them as an investment (always remember that crypto investments can go down as well as up). Most importantly, by doing all three of the things above, you can help save our oceans - every purchase, trade or swap contributes to our partners' work.

We have a growing number of partnerships and expanded uses for SEA tokens currently being developed in our labs, and we're always interested in new proposals!


How do I contact the SEA team?

You can email us at hello@seatoken.org, join our Telegram, Discord and Reddit groups, and follow us on Twitter, Instagram and Facebook.