Bitcoin And Ethereum Seem To Be Taking Off: Seasonal Tokens Breaks Crypto Down For Everyone
2024 has been a groundbreaking year for crypto – setting new highs amid optimism the market will take off under incoming President Trump. But despite the technological advancements that cryptocurrency brings, it has yet to be fully adopted by the masses.
That’s partly due to a lack of understanding around crypto. After all, it isn’t as cut and dry as understanding a stock or bond. That’s why it has taken years for cryptocurrencies like Bitcoin and Ethereum to cement their place in the cryptocurrency marketplace. Still, with plenty of digital tokens available in the market and information coming from everywhere, it’s understandable some investors feel overwhelmed. Educating the public about a crypto project can be challenging. Just ask Seasonal Tokens. When asked to describe their project, Seasonal Tokens is quick to reply: “It’s like having four copies of Bitcoin running on the Ethereum network.” This concept, while intriguing, might be complex for those unfamiliar with Bitcoin or Ethereum.
How It Works
In its essence, Seasonal Tokens as a project seeks to stay true to the economic principles outlined in Bitcoin’s mechanics but runs on the Ethereum blockchain. The result is four ERC20-based tokens with the names Spring, Summer, Autumn and Winter. Each one of them operates by its own unique smart contract, separate and apart from one another. Each Seasonal token takes on its own identity based on a combination of its given season and mining supply halving cycles – a function of the proof-of-work (PoW) mechanism also …