Sea Token (SEA) is the token offering of the Closedsea platform. Closedsea is a multiple blockchainNFT marketplace with goals to make NFT transactions across the chains easier.
According to its litepaper, the platform seeks to focus on four primary areas:
In addition, the platform aims to allow users to transact and collect NFTs through the platform. The platform also aims to offer the private and presale Seatoken users to mint a guardian metaverse NFT. The aim of the platform is to use Seatoken for all transactions on the platform.
As per its litepaper, the total supply of Seatokens is ten million, from which Closedsea aims to allot 30 percent for liquidity and 10 percent for marketing purposes. Twenty-five percent of Seatokens are dedicated to presale, and 5 percent each to the team members, partnerships, charity, and advisors. The platform seeks to allot 5 percent each to private sales and staking rewards. Closed Sea aims to allot a dedicated percentage of Seatokens monthly.
With the primary goal to develop Closedsea as an NFT marketplace, the platform seeks to trade plots of lands on the RABP metaverse. RABP stands for Refined Apes Block Party, the NFT marketplace designed by Closed Sea, and each Refined Ape has a unique avatar custom-generated by the platform.
