Why Seedify.fund (SFUND) crypto surged nearly 4% on Friday?

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Why Seedify.fund (SFUND) crypto surged nearly 4% on Friday?

 Why Seedify.fund (SFUND) crypto surged nearly 4% on Friday?
Image source: © Asolano97 | Megapixl.com

Highlights: 

  • Seedify.fund is a blockchain gaming incubator and launchpad for new gaming projects. 
  • Seedify’s governance token SFUND is also used as a reward to users.
  • It will launch an Initial Game Offering (IGO) of M2E gaming app AMAZY on July 13.

Blockchain gaming incubator and launchpad Seedify.fund (SFUND) crypto grabbed attention on Friday ahead of its Initial Game Offering (IGO) of M2E gaming app AMAZY on July 13.

The SFUND token rose 3.80% to US$1.28 at 4:09 am ET, ahead of AMAZY’s IGO on Seedify.

On Friday, the M2E segment of the crypto market also gained 3.94% to US$770 million.

Other popular M2E projects include Stepn (GMT), XYO (XYO), Green Satoshi Token (GST), Movez (MOVEZ), and Dotmoovs (MOOV). They hold the largest market cap in the segment. 

Let us understand more about Seedify.fund and what it does.

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What is Seedify.fund (SFUND)?

Seedify is a blockchain gaming incubator and launchpad for new gaming projects. Move-to-earn projects are similar to the play-to-earn model, where users can earn while they play. In move-to-earn projects, though, the users perform real physical movements to earn.

To leverage the gaming craze, Seedify.fund came up with the idea of IGOs and help blockchain games projects to crowdsource funds, build community and provide marketing strategies.

Besides IGO, it also offers initial NFT offerings (INOs) and initial metaverse offerings (IMOs).  

Seedify believes the gaming industry could provide more jobs and financial benefits to people. 

It acts as an NFT launchpad and a marketplace for gaming and metaverse assets.

Seedify uses a tiered allocation mechanism to distribute the token. For instance, Tier 1 uses a lottery-based token allocation, while Tier 2 to 9 participants get guaranteed allocation. Besides, SFUND token holders can earn by staking tokens and through private sales and IGOs.

Levent Cem Aydan is the founder and CEO of Seedify. Seedify started in August 2021 as a gaming-focused incubator and launchpad and brought the SFUND token. 

Image Source: ©Kalkine Media®; © Simetro Std via Canva.com

SFUND Token:

The platform allows SFUND token holders to vote for project proposals in proportion to their holdings and participate in Seedify governance.  

Its current market capitalization is US$31.39 million, with a circulating supply of 24.5 million SFUNDS. The total supply of the token is 100 million. 

Bottom line:

The crypto market is volatile and has no safety net without government regulations. Hence, investors should exercise caution before investing in cryptocurrencies.

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