The first multi-token project using proof-of-work
What makes us unique?
Easily increase your tokens
An investor who trades 3 Spring tokens for 5 Summer tokens will have more tokens in total after the trade than before. Always trade tokens for more tokens and the total number of tokens you own will increase with every trade.
Profit from volatility
If the price of one of the seasonal tokens plunges, you can trade other seasonal tokens for it and increase the number of tokens you own. By trading tokens for more tokens, you can convert price fluctuations into gains.
No need to trust anyone
The tokens are produced by proof-of-work mining, just like Bitcoin. They're commodities, not promises.
The tokens are designed to rise in price relative to each other in a predictable sequence. Spring will tend to rise in price, then Summer, Autumn, Winter and Spring again.
Hedge other investments
The total value of an investment portfolio can be made less seasonal, and more inclined to rise smoothly, by mixing seasonal tokens in with other seasonal investments.
Designed to be different
There are four tokens like the four seasons in nature - Spring, Summer, Autumn and Winter. They're produced by mining, and can be used for farming. Mining controls the relative supply, and farming creates a relative demand.
Each of the tokens has a different price, which gives you the opportunity to trade the more expensive tokens for the cheaper ones, and increase the total number of tokens you own.
Every nine months the rate of production of a token is cut in half. Four months later, that token becomes more valuable for farming. It goes from being the cheapest to produce and the least valuable for farming, to being the most expensive, and the most valuable.
Seasonal Tokens trading opportunities
Your investment can increase in value by just holding a token for a long time and then selling when the rate of production of that token is much lower.
Cyclical or volatility trading
Trade tokens for more tokens every time there is a big price difference, or when the price changes because of the new season coming.
Buy the token that you expect to soon become the most expensive of the four, and then sell it a few weeks later when there is expected farming demand.
Seasonal Token smart contract code is written
Prototype contracts are deployed to the Rinkeby Test Network to test the functionality of the token contracts.
Audits of the Seasonal Token smart contracts are completed
Updated contracts are deployed for public testing before the launch of the tokens on the ethereum main net.
Spring tokens are generated at the fastest rate. Winter tokens are the slowest.
Seasonal Token Farm contract code is written
Testing of the farm on the Rinkeby Network begins.
Farm contract is audited
Changes recommended by auditors are implemented and the updated contracts are deployed to the test network for the final period of testing.
The farm pays out the most rewards for providing liquidity with Winter tokens and the least for Spring tokens. Winter tokens are scarce and in demand, while Spring tokens are plentiful and not as valuable for farming.
Spring becomes the token produced at the slowest rate. Scarcity starts to accumulate.
Farm payout for Spring liquidity increases
The farm switches from paying out the least rewards for Spring liquidity to paying out the most. Farmers can increase their farm income by switching from providing liquidity for other tokens to providing liquidity for Spring tokens. Spring tokens become in demand.
Summer becomes the token produced at the slowest rate.
Farm switches to paying out most for Summer liquidity
Summer tokens become in demand.
The supply of Autumn tokens decreases.
Farm switches to paying out most for Autumn liquidity
Demand for Autumn tokens increases.
The supply of Winter tokens decreases.
Farm switches to paying out most for Winter liquidity
Winter tokens become scarce and in demand once again. The cycle repeats.
A real community-driven project
Many say it, but we truly mean it
There's tremendous demand for a good cryptocurrency investment. The problem with existing options is that they're either gambling, or they're seasonal. Cryptocurrency investors are forced to watch their investments lose value, or resort to gambling.
The tokens have been engineered to make seasonality work for the benefit of investors. The production schedules are specified in code. The seasonality can be chosen to produce the effects we want. What we want is a good investment.
We start trading cryptocurrencies because we want an investment whose value will grow over time. We want to participate in the tremendous generation of new wealth that's currently taking place. But what we quickly learn is that trading for profit is competitive. It's gambling, not investing. You have to risk a loss to make a profit, and you have to inflict a loss on someone else. It's not uncommon to hear Wall Street traders describing what they do as beating people up to take their lunch money.
The tokens are designed to separate the gambling and investing aspects of cryptocurrency trading. If you always trade tokens for more tokens, then nobody is beating you up and taking your tokens from you. You're not inflicting a loss on other traders to get your profit. You're taking advantage of the new tokens that come onto the market. Those have predictable effects on the market price, and you can profit from that. You don't need someone else to make a bad bet so that you can profit from their loss.
Any irrational movement in the price of one of the tokens is an opportunity to profit by trading the tokens in a cycle. If you can get 3 Summer tokens for a Spring token, people will do that. The tokens stabilize each other's prices. They make it possible to profit from volatility, and keep the prices within rational bounds.
Three independent teams of auditors have examined the code to ensure that it does exactly what it's intended to do. Links to the audits are available at the bottom of the page.
Each token's rate of production is halved every three years. The three years of constant supply allow the market enough time to find an equilibrium between supply and demand. After the supply is cut in half, the number of tokens of that type that exist will fall short of the amount needed to sustain the previous equilibrium, and this shortfall will increase in size over time until the market adjusts to the reality that the previous equilibrium can't be sustained.
The halvings of the tokens occur at nine month intervals. Nine months after the Spring halving, the rate of production of Summer tokens halves. This will cause the price pressure from the reduced supply to affect each token nine months after the previous token.
It takes several months after a halving for the market to adjust to the lower rate of production. Nine months was chosen as the interval so that there would be enough time for the previous equilibrium between supply and demand for a token to be disrupted, and for the price to respond, before the next token in the cycle goes through the same process.
How can everyone profit from cyclical trading? Doesn’t there need to be a trading loss for every trading profit?
When there's a constant quantity of something, a trader who acquires more of it leaves less for everybody else. But when the quantity increases over time, it's theoretically possible for everyone who trades to end up with more than they started with.
The number of bitcoins and US dollars in the world is increasing, and so it's theoretically possible for everyone to trade and end up with more of both. In practice, though, it's not clear what trades to make to consistently get a share of the new dollars and bitcoins. It's theoretically possible, but it's impractical because neither bitcoins nor dollars were designed for it.
Seasonal tokens are continually produced by mining. The rates at which the tokens are generated have been designed to make it possible for everyone to acquire some of the new tokens, by trading them cyclically. Everyone knows what trades to make to do this. Cyclical trading is the type of trading that allows traders to take advantage of the influence of new tokens on the market, and to trade profitably without inflicting a corresponding loss on other traders.
Of course, it's still possible to make a trading loss, for example by trading the tokens in the wrong direction. Nobody is guaranteed that every trade they make will be profitable. But it's mathematically guaranteed that if you always trade tokens for a greater number of tokens, e.g. trade 3 Spring tokens for 5 Summer tokens, then you will have more tokens in total after the trade than before.
There's no guarantee of that. It's the prices of the tokens relative to each other, not relative to USD, that are driven by the rotating supply and demand. New tokens are introduced to the market by miners, and trading the tokens in a cycle makes it possible to scoop up some of the newly-mined tokens as they're added to the market in different quantities at different times.
Doing this allows investors to make a profit measured in tokens. The value of their investment after doing this is greater than it would be if they simply held onto the tokens they have.
It may not be greater than it would be if they sold their tokens and invested in something else entirely, such as USD. However, the tokens are running out and becoming harder to obtain over time. The increasing scarcity of the tokens, and the fact that the cost of the mining equipment and electricity needed to produce a token is inexorably rising over time, makes it likely that they will have a higher USD price in the future. Of course, this can't be guaranteed.
Market prices depend on the behavior of many people, and it's impossible to make guarantees about what people are going to do.
The cost of producing a token doubles after a halving, and the rate of production halves. When the farm payout switches 4 months later, the token becomes more valuable for farming. These changes in supply, demand, and the cost of production can be expected to result in upward pressure on the price of that token relative to the other three tokens. Nobody, however, can absolutely guarantee future prices.
Investors can develop an expectation that these relative changes in price will occur by using their own understanding of how market prices react to changes in supply and demand. There is no entity that makes any guarantee of this to investors, and there is no entity that is liable for investor losses if the prices do not change as expected.
If an investor only trades tokens for a greater number of tokens of a different type, then it is guaranteed that, after the trade, the investor will have more tokens in total than before. This is guaranteed by mathematics, not by any entity making a promise or agreement with the investor.
So it is guaranteed that an investor who does this will not make a loss measured in tokens. The total number of tokens owned by that investor will increase and not decrease with every trade.
However, there is no guarantee that the value of the investment measured in USD or another currency will never decrease. Sometimes the USD price of a token will rise, and sometimes it will fall. The risk of ending up with fewer USD after investing in, and subsequently selling, the tokens, cannot be eliminated.
Only the risk of ending up with fewer tokens can be eliminated.
Is it guaranteed that there will be opportunities to cyclically trade and gain more tokens in total?
Nobody can guarantee future prices, but for there to never be any opportunities to cyclically trade, and gain more tokens, the prices of the tokens would need to be exactly equal to each other, and remain that way indefinitely.
The different rates and costs of production of the tokens make such a scenario unlikely. There are more Spring, Summer and Autumn tokens than Winter tokens in existence, and they all can be produced by mining more cheaply than Winter tokens. Spring, Summer and Autumn tokens together make up about 80% of all existing tokens, with Winter tokens making up the remaining 20%. There are only enough Winter tokens in the world for one quarter of the other existing tokens to be traded for them at a 1:1 rate.
Because everyone knows that Winter tokens are scarcer, and more expensive to produce, than the other tokens, traders are likely to trade other tokens for them at 1:1 rates in the largest quantities they can, knowing that the market can't continue to supply them at that price indefinitely.
Won’t everybody inevitably try to make the same trade at the same time, and find nobody to take the other side of the trade?
There is no single day to trade tokens of one type for the next token in the cycle. The scarcity caused by a halving needs months to accumulate before it can affect the price. Different investors will make the trade at different times, over a period of months.
During this time, the farm will be paying liquidity providers, which will ensure that there is liquidity available for cyclical traders to make their trades.
Every 10 minutes on average, 168 Spring, 140 Summer, 120 Autumn, and 105 Winter tokens are produced. In June, the rate of production of Spring tokens will decrease to 84 tokens every 10 minutes.
None. The founders need to buy or mine tokens like everybody else to acquire them.
All of the expenses involved in developing the project were paid for by the founders. Nothing is owed to them.
The only way the founders can profit is if the tokens they mine or buy become more valuable over time. The founders bore the expense of creating the tokens, while giving everyone the same opportunities to invest and profit, because they believe the tokens are genuinely good investments.