Seasonal Tokens
The spring halving is about to happen soon:

About Seasonal Tokens

The four Seasonal Tokens are trustless, decentralized cryptocurrencies mined using proof-of-work. They've been designed so that their prices will oscillate around each other over the course of years. This allows investors to increase their holdings over time by trading the more expensive tokens for the cheaper ones.

Once every nine months, the rate of production of one of the tokens is halved. That token goes from being produced at the fastest rate of the four, to the slowest rate. As the market adjusts to the decrease in supply, that token goes from being the cheapest token to the most expensive.

Compare the Historical and Theoretical Prices

Watch our Latest Video Update

As the prices slowly cycle around each other, the economy goes through alternating periods of profit-taking and waiting for the seasons to change. Our video updates explain the current state of the economy, and which trades investors can make to gain more tokens over time.

Try the Trading Simulator

See how many tokens you can acquire over the course of ten years by trading tokens for more tokens as the prices cycle around each other. More information about the simulator is available in the Simulator FAQ.

The tokens can be traded for USDT on two centralized exchanges: and, but the easiest way to buy and trade the tokens is to use MetaMask. This video shows users how to get started quickly.

The tokens can be bought and traded on the Ethereum network and on Polygon. Once MetaMask has been installed, the buttons above can be used to add the tokens to your wallet. Then it's possible to swap other cryptocurrencies for Seasonal Tokens using MetaMask's swap functionality.

When trading one type of Seasonal Token for another, investors can follow the rule: Always trade tokens for more tokens of a different type. This guarantees that the total number of tokens in the investment increases with every trade.

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Market cap



Next halving



Current season



Total Farm Liquidity

35 ETH


Total Hashrate

1899 GH/s


July 2021

Seasonal Token smart contract code is written

Prototype contracts are deployed to the Rinkeby Test Network to test the functionality of the token contracts.

August 2021

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.

September 2021

Mining begins

Spring tokens are generated at the fastest rate. Winter tokens are the slowest.

October 2021

Seasonal Token Farm contract code is written

Testing of the farm on the Rinkeby Network begins.

November 2021

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.

January 2022

Farming begins

The farm pays out the most rewards for providing liquidity with Winter tokens and the least for Spring tokens.

March 2022

Media Campaign Begins

The project establishes partnerships with respected outlets including Benzinga and CoinTelegraph to educate a wide class of investors about the properties of the tokens.

June 2022

Spring halving

Spring becomes the token produced at the slowest rate. Scarcity starts to accumulate.

September 2022

Interview at Nasdaq Headquarters in New York City

The project grows in visibility as the tokens are introduced to a wider audience.

October 2022

Farm payout for Spring liquidity increases

The farm switches from paying out the least rewards for Spring liquidity to paying out the most.

November 2022

Trading Simulator is Developed

Using price data gathered since the Spring halving, a model of how the market responds to halvings is developed and used to make a trading simulator, which allows investors to see how fast they can gain tokens by trading.

December 2022

Polygon Farm is Deployed

Transaction costs for the trading the tokens are reduced to near zero by bridging to the Polygon network and creating a yield farm to provide liquidity for trades.

March 2023

Summer halving

Summer becomes the token produced at the slowest rate.


DeFi 2.0 Index Fund is Launched

Voluntary donations from miners to farmers are replaced by income from a fund that automatically trades tokens for more tokens, simultaneously incentivizing liquidity providers and removing the need for investors to execute trades themselves.

July 2023

Farm switches to paying out most for Summer liquidity

Summer tokens become in demand.

December 2023

Autumn halving

The supply of Autumn tokens decreases.

April 2024

Farm switches to paying out most for Autumn liquidity

Demand for Autumn tokens increases.

September 2024

Winter halving

The supply of Winter tokens decreases.

January 2025

Farm switches to paying out most for Winter liquidity

Winter tokens become scarce and in demand once again. The cycle repeats.


Seasonal investors need prices that reliably cycle around each other to profit from their preferred investing strategy. Most seasonal investors seek stocks or commodities with regular cycles in their prices, which can be traded for profit.

The Seasonal Tokens are cryptocurrencies engineered to have the properties that seasonal investors currently seek among stocks and commodities. Their prices cycle around each other slowly and predictably, making them suitable for use as seasonal investments.

Before June 5th, 2022, the amounts of time needed to produce the four different tokens by mining had the ratio 5:6:7:8. Five minutes of mining Spring, 6 minutes of mining Summer, 7 minutes of mining Autumn, or 8 minutes of mining Winter, all produced the same number of tokens.

The theoretical prices are based on the same ratio. After the Spring halving in June, the ratio of the times needed to mine the tokens changed to 10:6:7:8, and the prices began to drift towards this new ratio. On the 6th of March, 2023, the rate of production of Summer will be halved, and the prices can be expected to trend towards 10:12:7:8.

Based on how the prices reacted to the Spring halving, it's estimated that the prices move about 1% per day towards their target ratio. The theoretical prices shown on the charts page are calculated by assuming that the market will respond at the same rate to future halvings.

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.

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.

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.

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, 84 Spring, 140 Summer, 120 Autumn, and 105 Winter tokens are produced. In March 2023, the rate of production of Summer tokens will decrease to 70 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.

The tokens can be bought and traded for USDT on and They can also be traded for ETH on Uniswap, using the buttons on the trade page.