SeaChain is focused on an immediate solution to this crisis by funding river barriers. Our aim for the long term is to develop a green-blockchain network that offers solutions for the plastic economy, such as tracking plastic waste, verifying the authenticity of recycled materials and measuring impact for the awarding of plastic credits.
8 million tonnes of trash enter the ocean every year killing over a million marine animals annually and causing major changes in the environment, creating a huge impact in the entire ecosystem.
By funding river barriers, we limit the amount of plastic reaching the ocean. Additionally, the collected plastic can be recycled and thus will decrease the demand on new plastics.
SeaChain is a network funding an effective trash collection system to combat the growing plastic pollution crisis killing ocean habitats and wildlife.
5% of each network transaction is distributed back to those who hold SeaChain tokens. So simply by holding SeaChain, you will automatically receive new tokens.
SeaChain employs multi-layered governance powered by the Snapshot platform. Holders can make proposals, vote on decisions, elect core members and decide how to use funds in the community wallet.
The liquidity pool has been locked for an initial period of 3 years to prevent risk of rugpulls for holders.
The community wallet funded by network activity is spent based on a governance voting system.
Each SeaChain network transaction incurs a 10% Tax, which contributes to funding river barriers, marketing activities, the developing the SeaChain blockchain, increasing liquidity and benefiting existing holders.
Finalise & Test SeaChain Contract and obtain an independent security audit. Launch SeaChain on BSC and open trading via ApeSwap, supported by pre & post launch marketing via advertisements on PooCoin, CoinGecko, and BSCscan, along with features from Crypto influencers & AMAs in active communities.
Focus on our mission by funding River Barriers throughout the world while developing the SeaChain Network blockchain. Continue to build our community, supported by constant marketing activities, influencer/token partnerships, creating a merchandise store and securing mainstream press features. Develop NFT DeFi games.
With several funding streams in place we’ll have made a significant impact on marine pollution. Backed by a strong foundation of constant revenue streams and a growing community, we’ll aim to raise more awareness of the Seachain movement. Additionally, we will start with the development of the Seachain Network.
Organise a committee to research the scope of the SeaChain Network as eco-friendly supply chain solution with an environmental focus. Our initial vision is that it will utilise a Proof Of Authority consensus algorithm to maintain low emissions, and benefit NGOs that positively impact the Ocean related NGOs through gas fees.
Begin the technical development the SeaChain Network based on the parameters defined by the committee. This stage involves the core development and functionality, designing nodes, blockchain instances, creating the APIs to prepare the network for public launch.
Launch the SeaChain Network Mainnet along with the initial applications and use cases, such as a tool to track the source of recycled materials and increase transparency on sustainability claims in the plastic industry.
Focus on growing awareness of the solutions and protocols of the SeaChain Network to encourage developers and organisations to build or use applications using our protocols, tools and technology.
SeaChain was built on the Binance Smart Chain (BSC), which is known for its fast, low-cost transaction fees. It was also chosen due to the fact the BSC Network has a low impact on the environment and doesn't require energy intensive mining operations like other similar networks such as Ethereum.
On launch the SeaChain Token will be available through ApeSwap, a well known DEX which has over 1 million monthly users and is supported by a large community of investors.
SeaChain is a fully decentralized community-driven blockchain token, employing a multi-layered governance system that gives its holders direct influence over the project, new initiatives, key decisions, and ultimately its future as a whole. Through SeaChain Governance, holders can make proposals, vote on important decisions, elect members to the core team, and dictate the use of funds in the community wallet.
The community has the ability to select or remove members of the core team at the end of defined terms through an election process. The first vote for core members of the team will take place 1 year after launch of the token, to allow the original team who conceived the initial mission enough time to create the project foundations. The first election will also allow the community to decide the duration of the next term for those who succeed in the elections.
Making Proposals: Under direct governance, proposals can be made at any time by Core Team, and by Community members who hold more than 100M in a single Binance Smart Chain wallet. The SeaChain token will be the utility for governance that dictates voting power on the proposals and each individual SeaChain token counts as one vote. Voting Rules & Required Limits: Minor Proposals For proposals relating to simple, short-term decisions such as marketing, a change in communication, spending of community wallet, the addition of new community moderators, or promotion strategies there is a minimum required quorum of 10B SeaChain votes for the proposal to be considered passed. Voting Rules & Required Limits: Major proposals For critical proposals that change key functions or aspects of SeaChain, such as replacing or removing a member of the core team during their elected term, amending the contract, or changing network, a supermajority of more than 100B votes towards one proposal option will be required for the results to be honoured. This list of critical proposal categories can only be altered by voting.
The core team has the right to veto any proposal; however, in the event a veto right is exercised, the SeaChain team must publish an explanation to the community within 7 days. The community may resubmit the proposal after 1 month if the reasons have been adequately taken into consideration. After the first use of a veto for a specific proposal, the Core team will not have the right to veto that same proposal again and it will be up to the community to decide if it passes. Nonsensical, unrealistic proposals, including but not limited to insufficient financial capacity, any idea or activity, action that could cause legal risk, or liability for SeaChain won’t be honoured regardless of the outcome in the governance. Due to current technical limitations, initially tokens staked in pools, allocated for liquidity farming, or held in a CEX will not contribute to voting power as they cannot be verified through the governance system. As such, in order to participate in voting, the holder must have their SeaChain tokens held in a private wallet.
In the long term, SeaChain aspires to be used as a digital currency, not just as an investment vehicle and store of value, but also as a medium of exchange. We believe the ultimate utility of a digital currency, just like fiat currencies, is for purchasing goods and services. As a result, multiple utility components are planned including 4 main milestones: An online store through which SeaChain and other cryptocurrency projects can sell merchandise (Section 4.1); a digital collectible trading card game (Section 4.2); a cryptocurrency credit card (Section 4.3); and a blockchain for supply chain management (Section 4.4). The former three components will be developed first, and afterwards blockchain development will be prioritized.
The SeaChain store will sell clothing merchandise made using organic cotton and phthalate-free vegan inks. Initially, the store will accept payments in fiat, but when logistically practical it will also accept SeaChain and offer a discount for purchases with SeaChain. Once the SeaChain store is operational, we aim to partner with other cryptocurrency tokens to offer merchandise to their community. We see three main benefits of this: First, profits from the store will be used for marketing the partner’s token. Second, the partner can offer products to their community and potentially gain holders from SeaChain’s community without spending on marketing. On the other hand, SeaChain will be introduced to the partner’s community and their holders might buy SeaChain to get a discount at the store. Finally, transactions at the store would contribute to SeaChain’s transaction volume and swap fee generation.
Our first DeFi game will be Sea Champions, a trading card game featuring non-fungible token cards depicting marine wildlife that will only be obtainable using SeaChain tokens. The rarity of each card will correspond to the conservation status of the animal depicted; for example, extinct animals will be the rarest (and most powerful) cards, animals nearing extinction will be the next rarity tier, followed by critically endangered animals, and so forth. The goals will be to provide a fun experience and generate awareness about animals that face extinction if we fail to properly care for our oceans. For further details about Sea Champions, see Section 10.
In addition to our DeFi games, we will integrate a payment solution that helps the growth of our ecosystem in the form of a cryptocurrency credit card. When SeaChain is transferred to the digital account, the holder won't pay any transaction tax. Our payment system will also be compatible with selected third-party cryptocurrencies native or tokenized to the BEP20 format. These selected tokens may be sent to the digital account and transfers of tokens other than SeaChain will incur a 4% fee, which will be used to buy back SeaChain tokens and burn them.
SeaChain aims to develop an independent blockchain once the project reaches critical mass. Given the cost and complexity of building a functional blockchain, project growth is needed to make this goal feasible. Achieving a market cap of $50 million to $100 million will provide enough user adoption and funds availability to develop a blockchain.