How Does Seasonal Tokens Work?

Seasonal Tokens are designed around a simple idea:

Instead of relying on prices going up, the system is built so relative prices between tokens change over time in a predictable way.

This page explains why that happens, and how participants interact with the system, without assuming prior knowledge of crypto trading.

From Prices to Relative Prices

In most cryptocurrencies, people focus on absolute prices:


● How many dollars is one token worth? 
●  Is the price higher or lower than before?


Seasonal Tokens shift the focus to relative prices:

● How many units of one token are worth one unit of another?

For example:

● One Winter token might be worth two Summer tokens 
● Or four Spring tokens 
● These relationships matter even if dollar prices are unchanged.

Relative prices:

-Are independent of fiat currencies- 
-Filter out broader market noise- 
-Reveal the internal structure of the system-

welcome cover 03

Why Four Tokens?

Seasonal Tokens are not one asset, but four independent Proof-of-Work tokens: 

  • Spring  
  • Summer
  • Autumn
  • Winter

Each token: 

  • Is its own smart contract 
  • Has its own supply and mining schedule
  • Is created trough energy and computation, like Bitcoin

They do not interact directly with each other at the contract level. What connects them is how they are produced over time.

Implemented on ETH

Mining and Staggered Supply Reductions

All four tokens follow Bitcoin-style economics:

  • A fixed maximum supply.  
  • Proof of Work mining.
  • Periodic reductions in new issuance (“halvings”)

The key design choice is this:

The four tokens do not reduce their mining supply at the same time.

Mining Supply Schedule:

  • Every nine months, the token being produced at the fastest rate has its supply cut in half
  • Over a three-year cycle, all four tokens experience halving events — but at different moments

This means that at any given time: 

  • One token is becoming scarcer faster than the others.  
  • Another is still being produced more quickly

This mining supply schedule produces predictable oscillations in the relative prices of the four tokens:

Production_curves_correct_colors

Rate of Production in Millions of Tokens per Year.

How Seasonality Emerges:

Because supply changes are staggered, scarcity rotates among the tokens.

This leads to:

  • Shifts in which token is cheapest or most expensive relative to the others
  • Predictable oscillations in relative prices over time

These cycles do not depend on:

  • Marketing
  • Announcements
  • Market Sentiment

They emerge from:

  • Fixed Supply Rules
  • Known production schedules
  • Participant behavior responding to those conditions

The following chart shows over four years of relative price history proving that the differences in mining supply cause differences in the relative prices of the four tokens. 

Rel Price Chart June 2025 2

What Participants Do:

Seasonal Tokens are a real on-chain economy.
People interact with the system in different roles.

Miners

  • Use energy and equipment to create tokens
  • Face increasing production costs after supply reductions
  • May switch which token they mine depending on profitability

Traders

  • Observe relative price differences between tokens
  • Swap one token for another when ratios become favorable
  • Focus on increasing token quantity, not predicting market direction

Liquidity Providers

  • Supply tokens to decentralized exchanges
  • Enable trading between tokens
  • Earn rewards for providing liquidity

No central coordination is required.
Each participant acts independently based on incentives. 

Emergent Coordination


When mining supply is reduced:


● Production becomes more expensive 
● Some miners shift to other tokens 
● Scarcity increases in the affected token

At the same time: 

● Traders often move toward the cheaper, slower-produced token 
● Demand increases where supply is tightening 
● Relative prices adjust

This interaction: 

● Helps restore mining profitability 
● Encourages trading activity 
● Strengthens the overall system

Coordination emerges from incentives, not management.

Seeing it in Practice

If you’d like to explore these dynamics interactively, the Seasonal Trading Simulator lets you experiment with relative price cycles in a simplified environment.
It is not required to understand the system, but it can help visualize how seasonal trading works in practice.

Explore the Seasonal Trading Simulator

Where to go Next

  • Understanding Risk — learn how token prices are formed and what risks exist
  • Test Drive — learn Web3 basics and try small, guided interactions
  • DYOR — review contracts, audits, and technical details independently