Seasonal Tokens Expand to Polygon Network
The principle of investing in Seasonal Tokens is simple: Always trade tokens for more tokens of a different type, and the number of tokens in your investment will go up with every trade. Unfortunately, with high transaction costs on the Ethereum network, trading tokens for more tokens can cost enough ETH to make the trade unprofitable.
Investors can now buy and trade the tokens on the Polygon network, and pay close to zero fees for each trade. By using the Uniswap trading interface and selecting the Matic Network in MetaMask, investors can trade the four Seasonal Tokens using the Polygon versions of their contract addresses:
Spring: 0x70d59baa5ab360b2723dd561415bdbcd4435e1c4
Summer: 0xdd28ec6b06983d01d37dbd9ab581d8d884d95264
Autumn: 0xfba4d30e964e40775c95b58acf6b5a621b929c0a
Winter: 0x51540d15957bdc0fdb87d32616c8d658d59f77c6
Much of the infrastructure necessary to make using Seasonal Tokens on Polygon user-friendly still needs to be constructed. Over the coming weeks, a farm will be deployed to incentivize liquidity providers, and a website trading interface, as well as a facility for miners to receive tokens from the mining pool on the Polygon Network, are being developed.
When everything is in place, buying, trading and farming using the Polygon versions of the tokens will be as easy as using the native tokens on the Ethereum chain. The new Polygon farm contract needs to be tested and audited before it can be deployed, because the safety of investors’ funds relies on the security of the contract. This process is expected to take a few weeks. When it’s complete, investors will have the opportunity to farm and receive a regular income of tokens on the Polygon Network, which they can harvest at any time at almost zero cost.
Now that the tokens can be bought and traded on multiple centralized exchanges (coinsbit.io and coinstore.com) as well as on decentralized exchanges on multiple blockchains, everyone in the world can use the tokens to increase their holdings over time, on regulated and permissionless platforms, for almost no cost. This is a major increase in the efficiency of the token economy, and it can be expected to lead to greater opportunities for traders, as well as lower volatility of the token prices.
