Seasonal investors need prices that reliably cycle around each other to profit from their preferred investing strategy. Most seasonal investors seek stocks or commodities with regular cycles in their prices, which can be traded for profit.

The Seasonal Tokens are cryptocurrencies engineered to have the properties that seasonal investors currently seek among stocks and commodities. Their prices cycle around each other slowly and predictably, making them suitable for use as seasonal investments.

Before June 5th, 2022, the amounts of time needed to produce the four different tokens by mining had the ratio 5:6:7:8. Five minutes of mining Spring, 6 minutes of mining Summer, 7 minutes of mining Autumn, or 8 minutes of mining Winter, all produced the same number of tokens.

The theoretical prices are based on the same ratio. After the Spring halving in June 2022, the ratio of the times needed to mine the tokens changed to 10:6:7:8, and the prices began to drift towards this new ratio. After the Summer halving on March 6th, 2023, the ratio changed to 10:12:7:8. Following the Autumn halving in December 2023 (10:12:14:8) and the Winter halving in September 2024 (10:12:14:16), the prices continue to adjust to these new ratios.

Based on how the prices reacted to the Spring halving, it's estimated that the prices move about 1% per day towards their target ratio. The theoretical prices shown on the charts page are calculated by assuming that the market will respond at the same rate to future halvings.

The white paper is available here.

Three independent teams of auditors have examined the code to ensure that it does exactly what it's intended to do. Links to the audits are available here:

1. Callisto Security Contract Audit
2. QuillAudits Contract Audit
3. Paladin Blockchain Security Audit

Each token's rate of production is halved every three years. The three years of constant supply allow the market enough time to find an equilibrium between supply and demand. After the supply is cut in half, the number of tokens of that type that exist will fall short of the amount needed to sustain the previous equilibrium, and this shortfall will increase in size over time until the market adjusts to the reality that the previous equilibrium can't be sustained.

The halvings of the tokens occur at nine month intervals. Nine months after the Spring halving, the rate of production of Summer tokens halves. This will cause the price pressure from the reduced supply to affect each token nine months after the previous token. Accordingly, the tokens will tend of increase in price one after another, in a systematic, predictable and regular manner.

It takes several months after a halving for the market to adjust to the lower rate of production. Nine months was chosen as the interval so that there would be enough time for the previous equilibrium between supply and demand for a token to be disrupted, and for the price to respond, before the next token in the cycle goes through the same process.

When there's a constant quantity of something, a trader who acquires more of it leaves less for everybody else. But when the quantity increases over time, it's theoretically possible for everyone who trades to end up with more than they started with.

The number of bitcoins and US dollars in the world is increasing, and so it's theoretically possible for everyone to trade and end up with more of both. In practice, though, it's not clear what trades to make to consistently get a share of the new dollars and bitcoins. It's theoretically possible, but it's impractical because neither bitcoins nor dollars were designed for it.

Seasonal tokens are continually produced by mining. The rates at which the tokens are generated have been designed to make it possible for everyone to acquire some of the new tokens, by trading them cyclically. Everyone knows what trades to make to do this. Cyclical trading is the type of trading that allows traders to take advantage of the influence of new tokens on the market, and to trade profitably without inflicting a corresponding loss on other traders.

Of course, it's still possible to make a trading loss, for example by trading the tokens in the wrong direction. Nobody is guaranteed that every trade they make will be profitable. But it's mathematically guaranteed that if you always trade tokens for a greater number of tokens, e.g. trade 3 Spring tokens for 5 Summer tokens, then you will have more tokens in total after the trade than before.

There's no guarantee of that. It's the prices of the tokens relative to each other, not relative to USD, that are driven by the rotating supply and demand. New tokens are introduced to the market by miners, and trading the tokens in a cycle makes it possible to scoop up some of the newly-mined tokens as they're added to the market in different quantities at different times.

Doing this allows investors to make a profit measured in tokens. The value of their investment after doing this is greater than it would be if they simply held onto the tokens they have.

It may not be greater than it would be if they sold their tokens and invested in something else entirely, such as USD. However, the tokens are running out and becoming harder to obtain over time. The increasing scarcity of the tokens, and the fact that the cost of the mining equipment and electricity needed to produce a token is inexorably rising over time, makes it likely that they will have a higher USD price in the future. Of course, this can't be guaranteed.

Market prices depend on the behavior of many people, and it's impossible to make guarantees about what people are going to do and what will happen in the future.

The cost of producing a token doubles after a halving, and the rate of production halves. When the farm payout switches 4 months later, the token becomes more valuable for farming. These changes in supply, demand, and the cost of production can be expected to result in upward pressure on the price of that token relative to the other three tokens. Nobody, however, can ultimately guarantee future prices and events.

Users can develop an expectation that these relative changes in price will occur by using their own understanding of how market prices react to changes in supply and demand. Up to the present date, the prices have been cycling around each other as expected. That said, there is absolutely no entity that can make any guarantee of this, to any users, and accordingly, there is no entity that is liable for user losses (in any eventuality).

If an investor only trades tokens for a greater number of tokens of a different type, then it is guaranteed that, after the trade, the investor will have more tokens in total than before. This is guaranteed by mathematics, not by any entity making a promise or agreement with the investor.

So it is guaranteed that an investor who does this will not make a loss measured in tokens. The total number of tokens owned by that investor will increase and not decrease with every trade.

However, there is no guarantee that the value of the investment measured in USD or another currency will never decrease. Sometimes the USD price of a token will rise, and sometimes it will fall. The risk of ending up with fewer USD after investing in, and subsequently selling, the tokens, cannot be eliminated.

As mentioned previously, only the risk of ending up with fewer tokens can be eliminated.

Nobody can guarantee future prices, but for there to never be any opportunities to cyclically trade, and gain more tokens, the prices of the tokens would need to be exactly equal to each other, and remain that way indefinitely.

The different rates and costs of production of the tokens make such a scenario unlikely. There are more Spring, Summer and Autumn tokens than Winter tokens in existence, and they all can be produced by mining more cheaply than Winter tokens. Spring, Summer and Autumn tokens together make up about 80% of all existing tokens, with Winter tokens making up the remaining 20%. There are only enough Winter tokens in the world for one quarter of the other existing tokens to be traded for them at a 1:1 rate.

Because everyone knows that Winter tokens are scarcer, and more expensive to produce, than the other tokens, traders are likely to trade other tokens for them at 1:1 rates in the largest quantities they can, knowing that the market can't continue to supply them at that price indefinitely.

There is no single day to trade tokens of one type for the next token in the cycle. The scarcity caused by a halving needs months to accumulate before it can affect the price. Different investors will make the trade at different times, over a period of months.

During this time, the farm will be paying liquidity providers, which will ensure that there is liquidity available for cyclical traders to make their trades.

As of September 2024, the current production rates are: 84 Spring, 70 Summer, 60 Autumn, and 52.5 Winter tokens every 10 minutes on average. These rates reflect the halvings that have occurred since mining began in September 2021.

None. The founders need to buy or mine tokens like everybody else to acquire them.

All of the expenses involved in developing the project were paid for by the founders. Nothing is owed to them.

The only way the founders can profit is if the tokens they mine or buy become more valuable over time. The founders bore the expense of creating the tokens, while giving everyone the same opportunities to invest and profit, because they believe the tokens are genuinely good investments.

The tokens can be traded for ETH on Uniswap, using the buttons on the trade page.

The easiest way to buy and trade the tokens is to add the tokens to MetaMask using the "Add to MetaMask" buttons above. After this has been done, other digital assets can be traded for the tokens using MetaMask's swap functionality.

Seasonal Tokens leverages the benefits of smart contracts running on the ethereum network. Once executed, these smart contracts are immutable, meaning their rules and parameters cannot be changed. This ensures transparency, eliminates the need for human involvement and provides security for the production and trading of Seasonal Tokens.

On the Ethereum network, the contract addresses are:

spring: 0xf04aF3f4E4929F7CD25A751E6149A3318373d4FE

summer: 0x4D4f3715050571A447FfFa2Cd4Cf091C7014CA5c

autumn: 0x4c3bAe16c79c30eEB1004Fb03C878d89695e3a99

winter: 0xCcbA0b2bc4BAbe4cbFb6bD2f1Edc2A9e86b7845f

 

On the Polygon network, the contract addresses are:

spring: 0x70d59baA5ab360b2723dD561415bdBcD4435E1C4

summer: 0xdd28ec6b06983d01D37DbD9Ab581d8d884d95264

autumn: 0xfbA4d30e964E40775C95B58AcF6b5A621b929c0a

winter: 0x51540D15957bDC0fdb87d32616c8d658D59f77C6

info@seasonaltokens.io