Staking $SEAT: A Full Breakdown
Anybody who holds $SEAT can stake it to earn a return on their investment. We pay out 2.5% of all platform revenue to stakers; this is how it works.
Those who hold $SEAT will accumulate a point for every 30 days they do so, which can be spent in our Rewards Centre which is split into 3 categories
~~Some of the key features of our platform that are mentioned in this article are planned for future releases. Subscribe to our newsletter at the bottom of this page to be the first to know when they're released!
SeatlabNFT is a platform designed to completely change the live event ticketing industry. With the emergence of Web3 technology, we have the opportunity to shift the focus from ticketing platforms to those who make live events possible; fans, artists and event creators.
To help shift focus onto the live event community, we’ve built SeatlabNFT around our $SEAT token, with those who hold it receiving various incredible benefits on our platform.
Those who hold $SEAT will accumulate a point for every 30 days they do so, which can be spent in our Rewards Centre. There are three rewards tiers, each with exclusive perks and benefits. The number of $SEAT a user holds determines the tier of Rewards Centre points that they earn.
Sapphire is the base tier, accessible to users who hold even a small quantity of $SEAT. Gold is the middle tier, with more exclusive rewards to choose from, and Holographic is the top tier in our Rewards Centre, accessible to those users who hold a substantial quantity of $SEAT tokens.
Users of SeatlabNFT who hold tokens do not have to do anything to accrue points; they will collect them automatically every 30 days by holding $SEAT in a connected wallet. If a user sells tokens, their progress will simply pause until the wallet is topped up to the minimum threshold for that tier.
Points are available for 12 months, giving users plenty of time to select a perk or reward to claim that benefits them the most. This means that the maximum number of rewards points that can be accumulated at any one time is 12.
Users can spend their points in the tier they are earned in, or they can select from rewards in a lower tier if they desire. However, users will not be able to spend points in a higher tier than the tier the points correspond to, regardless of how many points a user holds.
Progress until the next points are earned, and the number of points a user currently holds in each tier, is visible in the dashboard. This way, SeatlabNFT users can easily spend their points or plan how they will do so when they receive their next one!
Although we can’t release any details about the perks available in each tier of the Rewards Centre just yet, we’re committed to making SeatlabNFT a platform that rewards loyal fans, artists and event creators for making the live events community so great. As such, you can be assured that each tier of the Rewards Centre will have a juicy selection of perks and benefits for users to select from.
We’ve designed SeatlabNFT as a platform to re-imagine the live event ticketing experience. We want our NFT ticketing marketplace to be a thriving community with genuine perks and rewards for all those who use it.
For the latest details and updates, including how and where to get some $SEAT tokens, make sure you follow us across all social media platforms and sign up for our newsletter below.
$SEAT trading is now live! For information on trading, staking and yield farming for huge rewards, check out this how-to guide.