Comment on page
Name: Seil Token
Total supply (max) ：1,000,000,000 SEIL
The native cryptographically secure fungible protocol token of Seil. (ticker symbol Seil) is a transferable representation of the attributed governance and utility functions specified in the Seil protocol/code, and is designed to be used exclusively as an interoperable utility token thereon. Users may earn it by mining liquidity on Seil.
Seil is a functional multi-utility token which will be used as the medium of exchange between participants on Seil in a decentralized manner. The goal of introducing Seil is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Seil without any intermediaries such as centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. Seil does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will Seil entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. Seil may only be utilized on Seil, and ownership of the same carries no rights, express or implied, other than the right to use Seil as a means to enable usage of and interaction within Seil.
The secondary market pricing of Seil is not dependent on the effort of the Seil Project Contributors, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
Further, Seil provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Seil, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. Seil is an integral and indispensable part of Seil, because without Seil, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Seil. Given that additional Seil will be awarded to a user based only on its actual usage, activity and efforts made on Seil and/or proportionate to the frequency and volume of transactions, users of Seil and/or holders of Seil which did not actively participate will not receive any Seil incentives.