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| Brochure
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| =Seasonal Tokens an Ethical & Non-Speculative Wealth Creation system=
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| Seasonal Tokens can be described as an ethical and non-speculative tool for building wealth in the form of digital assets (tokens). There are four trustless, decentralized tokens, mined using Proof-of-Work.
| | [[File:Spacer black.jpg |800px|left]] |
| Spring, Summer, Autumn and Winter. They’ve been designed so that their prices will cycle around each other over the course of years, allowing users to gain more tokens over time by trading the more expensive tokens for the cheaper ones.
| | [[File:Ethical non Spec.jpg |800px|right]] |
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| The following picture illustrates the concept: If you start with a number of Winter tokens you can trade them for a larger number of Spring tokens, then wait for Spring to become the most expensive token. Then you can trade it for a larger number of Summer tokens. When Summer becomes the most expensive tokens you can trade it for a larger number of Autumn tokens and so on.
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| [[File:Theoreticalrelativeprices.png |800px |left]] | | [[File:Conceptual framework.jpg |800px|left]] |
| | [[File:Conceptual Framework 2.jpg |800px|right]] |
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| By following the rule: always trade tokens for more tokens of a different type, a trader can guarantee that the total number of tokens owned will increase with every trade. This makes it possible to accumulate tokens over time without risking a loss measured in tokens.
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| They do not eliminate the risk of making a loss measured in dollars or any other government backed fiat currencies, as the dollar prices of cryptocurrencies are subject to overall market cycles. But they allow the user to accumulate tokens over time by trading, even during bear markets, waiting for a favorable situation in the cryptocurrency markets to make profits. You can keep your earned tokens in any form: Stable coins, wrapped bitcoin, etc.
| | [[File:Proof of Concept.jpg |800px|left]] |
| | [[File:Proof of Concept 2.jpg |800px|right]] |
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| Let us explain how this works, and in the last section we will show you how to use Seasonal Tokens to get Bitcoin.
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| = BTC halving=
| | [[File:Use ST to BTC.jpg |800px |left]] |
| | [[File:Use ST to BTC 2.jpg |800px |right]] |
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| ==Key observation in crypto: BTC halving introduces seasonality==
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| A key observation in cryptocurrency is that the Bitcoin halving of mining supply every 210.000 blocks has introduced a periodic behavior in cryptocurrency markets.
| | [[File:TechData.jpg |800px|left]] |
| | [[File:Spacer black.jpg |800px|right]] |
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| The following chart shows the historical Bitcoin's price. The blue vertical lines mark the dates when the mining supply of bitcoin was cut in half.
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| (The following info will go in the graph itself --Infographic style)
| | [[File:BackCover.jpg |800px|left]] |
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| {| class="wikitable" style="margin:auto"
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| |+ Bitcoin Halvings
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| ! date!! Reward change in BTC
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| | 11/28/2012|| 50 to 25
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| | 07/09/2016|| 25 to 12.5
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| | 05/11/2020|| 12.5 to 6.25
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| | 04/19/2024|| 6.25 to 3.125
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| |}
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| As you can appreciate, there is nothing particularly enlightening about this graph. It is hard to see the effect of the halving of the mining supply. The price changes are so large that the information is lost in the details of price fluctuations.
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| [[ File:BTC price TV01.PNG |800px |left]] | |
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| ==Analysis of the Log(Price) chart. Bull and Bear markets.==
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| If we look at the graph on a logarithmic scale, we can concentrate on the order of magnitude changes, paying less attention to the random fluctuations in the price. Then a pattern emerges:
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| [[ File:Bitcoin price logarithmic.PNG |800px]] | |
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| Every 4 years on average, the mining supply is cut in half. Months after the halving of the mining supply a bull market sends the Bitcoin price to all-time highs, this bull market sends the price way above its cost of production and the whole thing ends up with a price bubble leading to a bear market that may last more than a year until the next halving occurs.
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| As the Bitcoin price skyrockets, people starts looking for alternative investments leading to the so called "Altcoin Season", where other major cryptocurrencies experiment a rise in price due to the Bitcoin bull market.
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| ==Comment on Bull / Bear markets==
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| The following information will go with the graph:
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| {| class="wikitable" style="margin:auto"
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| |+ Bitcoin Market Cycles
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| ! date!!BTC Price $ !!Days after halving to Market Peak !! Percent Gain !! Days after peak to Market Bottom !! Percent Loss
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| | 11/28/2012|| 13 ||335d||7323%||638d||80%
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| | 07/09/2016|| 593 ||518d||2190%||396d||76%
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| | 05/11/2020|| 9265 ||518d||557%||426d||74%
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| | 04/19/2024|| 70000 ||?||?||?||?
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| |}
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| ==QR with live chart for technical analysis==
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| [https://dashboard.seasonaltokens.org/bitcoinprice.html QR with link to live BTC chart]
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| = What Problem is Seasonal Tokens designed to Solve?=
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| In the long term there is no problem. Bitcoin is the best investment of all times. But in the short and mid terms some problems arise.
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| *For miners: When the halving takes place, the cost of producing Bitcoin doubles overnight. This leaves many miners out of business.
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| *For Investors: After the bull market reaches it's peak, a bear market follows and typically lasts more than a year. During this time Bitcoin loses about 80% of the value at the peak leaving many investors on a bad situation.
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| *For Traders: If you have bitcoins, and you want more, you have to gamble. You have to sell the bitcoins when you think the price is going to go down, and then buy more bitcoins after the price has fallen. The price could go up instead of down. You could end up with fewer bitcoins.
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| The ideal situation would be if there were other cryptocurrencies whose prices are rising while Bitcoin's price is falling.
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| Imagine if there were other cryptocurrencies like Bitcoin, but their mining supply is not reduced at the same time, but arranged so that their bull markets happen in successive way.
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| When the first crypto reaches an all time high on it's price you could trade it for the crypto whose mining supply will be cut in half next.
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| Then when the second crypto experiences a bull market, you could trade it for another crypto whose mining supply is going to be reduced next, producing a bull market and so on.
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| The problem is that the price of other major cryptocurrencies is highly correlated to Bitcoin's price, and when Bitcoin price falls, it brings all the markets with it.
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| == Solution ==
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| Creating another blockchain comparable to Bitcoin but with a different halving schedule is practically impossible due to the amount of resources needed, both in hardware, energy consumption, and widespread adoption.
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| But thanks to Ethereum it is not necessary. The ERC20 technology allows the creation of digital assets with the economic principles embedded in Bitcoin's design, but they don't need their own blockchain. Decentralization and Security are handled by the Ethereum network.
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| =The Seasonal Tokens System=
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| == Designed for Investment==
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| * BTC was designed to be money.
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| * Ethereum is a Decentralized Virtual Computer
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| * Seasonal Tokens is designed for investment.
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| The Seasonal Tokens system is an investment instrument to mitigate risk, allowing miners, farmers and traders to participate in the creation of the asset, sharing the risks and profits.
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| == Inspired on Bitcoin==
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| * Issued by Proof of Work to ensure a fair initial distribution of the assets.
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| * Decreasing rate of production for a limited supply. About 37 million tokens of each type will be produced in total.
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| * Scheduled Halvings of mining supply.
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| * No governance, once deployed the tokens are only subject to supply and demand.
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| * No ICO, all investors are on equal footing.
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| * No Fund rising. All expenses have been paid for. No one is owed anything.
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| == Implemented on Ethereum==
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| * Four ERC-20 Tokens.
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| * Proof of Work mined on the Ethereum network.
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| * Maximum Supply: 37 million tokens of each type.
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| * Halving of Mining Supply every 3 years. (Scheduled in time, not number of blocks)
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| The smart contracts have been audited by three independent entities. Check out the smart contracts, audits, markets and other relevant technical data here:
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| [https://welcome.seasonaltokens.org/index.php/Technical_Data QR to Wiki Technical Data]
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| ===Observations===
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| There were no pre-mining or initial coin offerings.
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| The four tokens smart contracts are independent (don’t interact with each other), and identical except by two things: The initial rate of supply and the halving schedule, arranged in time so that every nine months the fastest token to produce becomes the slowest to produce.
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| ==Innovation==
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| The key feature of Seasonal Tokens is that the rates of production have been arranged in time in such a way that every nine months the mining supply
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| of the cheapest token is cut in half.
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| Scheduled halvings cause oscillations in relative price of the tokens. These predictable price oscillations can be used by traders to increase the total number of tokens they have.
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| [[File:Rate of Production.png |500px |left]]
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| = Proof of Concept=
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| The next chart shows the historical relative prices of the four tokens. Notice that despite random fluctuations the real prices fluctuate around a well-defined pattern. (Dotted lines in the chart)
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| In particular, notice that on June 2022 the rate of production of Spring token was cut in half, creating upward pressure on its price, and five months later Spring was the most expensive of the four tokens.
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| In March 2023 the rate of supply of Summer tokens was cut in half, and few months later Summer became the most expensive of the four tokens.
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| In December 2023 the rate of supply of Autumn tokens was cut in half, and you can see that its price is rising relative to the other tokens.
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| Not only this proves that the Seasonal Tokens system is working as designed, but it is also a technological accomplishment because it proves that mining supply does affect the price.
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| It is hard to see this periodical signal in other proof of work cryptocurrencies because the fluctuations in the dollar prices blur the effects of the halving of mining supply.
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| By focusing on the relative prices of the four tokens, the effects of fluctuations in the dollar prices are factored out.
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| [[File:Relative prices.png |800px |right]]
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| * QR to proof of concept video
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| [https://www.youtube.com/watch?v=MMJSnCc8n0I Proof of Concept]
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| * QR to relative price chart explained
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| [https://www.youtube.com/watch?v=x0Ev43zY_Bg Relative Price Chart]
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| = Operating on Polygon=
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| * Operation in ETH is very expensive, but the cost of creation is good for establishing a price
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| * Polygon network solution.
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| * new Opportunities of profit arise from arbitrage
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| = Trading Simulator =
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| The Seasonal Tokens Trading Simulator allows users to practice trading tokens for more tokens over time as the prices cycle around each other, without putting any real money at risk. Use the simulator to see how many tokens you can acquire over the course of ten years by trading tokens for more tokens, as the prices cycle around each other.
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| * QR with link to the trading simulator
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| *QR with link to explainer video
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| = Seasonal Tokens Ecosystem =
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| [[File:STEcosystem.jpg|500px |left]]
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| Overview of the system.
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| ==Ways of making profits in the system: ==
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| *Mining
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| *Farming
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| *Trading
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| *Arbitrage
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| *Participating in the promotion of the project.
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| = How to Use Seasonal Tokens to get Bitcoin=
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| ==Trade Tokens for More Tokens==
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| Let’s suppose that we’ve bought 51 MATIC (worth about $60) from an exchange, and swapped 50 MATIC for 10,000 Autumn tokens. The next step is to trade those Autumn tokens for more tokens of a different type. The exchange rates between the tokens change over time as the prices cycle around each other. You can check the exchange rates by going to seasonaltokens.org/trade and looking in the Trade Tokens for More Tokens section.
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| In order to get as many bitcoins as possible, we need to make a trade that gives us significantly more tokens than we started with. We want an exchange rate that’s around 1.1 or higher. A rate of 1.05 would give us just a 5% increase in the total number of tokens, so if the rates are all close to 1, then it’s better to wait and do the trade later, when the rates are better.
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| Let’s suppose that we have an opportunity to swap Autumn tokens for Summer at an exchange rate of 1.1. We can go ahead with that swap inside MetaMask, and afterwards, we’ll have approximately 11,000 Summer tokens.
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| ==Swap the Excess Tokens for Wrapped Bitcoin==
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| With 11,000 Summer tokens, we have 1,000 more Seasonal Tokens than we started with, but we want to use the tokens to get bitcoins, not more tokens. So we can swap 1,000 Summer tokens for Wrapped Bitcoin inside MetaMask. This will give us about $5 in Wrapped Bitcoin.
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| So we started with 10,000 Seasonal Tokens and no bitcoins, and now we have 10,000 Seasonal Tokens and about $5 worth of bitcoin.
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| ==Repeat==
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| When the Summer/Spring exchange rate looks good, we can repeat the process. Let’s suppose that, after a bit of waiting, the Summer/Spring rate is 1.1, and we can swap the 10,000 Summer tokens for 11,000 Spring tokens.
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| After that, we can swap 1,000 Spring tokens for Wrapped Bitcoin, and we’ll get a little less than $5 worth of Wrapped Bitcoin, and our wallet will then contain 10,000 Spring tokens and around $10 worth of Wrapped Bitcoin.
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| Then we can do the same thing again when the exchange rate is favorable. If the Spring/Winter rate is 1.1, we can swap the 10,000 Spring tokens for 11,000 Winter tokens, and then swap 1,000 Winter tokens for Wrapped Bitcoin.
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| By following this procedure, we’ll always have 10,000 Seasonal Tokens in the wallet, and the Wrapped Bitcoin balance will increase with every trade, providing an ongoing income in bitcoins.
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| [[File:MMWaletArticle01SM.jpg |700px |left]]
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| ''The image shows an Example Sequence of Trades. By trading 10,000 tokens for more than 10,000 tokens of a different type, the total number of tokens owned increases. The excess above 10,000 can then be swapped for Wrapped Bitcoin inside the MetaMask wallet. By repeating this procedure, the total number of Seasonal Tokens in the wallet remains fixed at 10,000, but the amount of Wrapped Bitcoin in the wallet increases with every trade''
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| QR to explainer video
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| [https://www.youtube.com/watch?v=8W0bkTmL-H8&list=PLcOSNOIJosB_K9t350eb1orO4Ho3tVxvV&index=14 Use Seasonal Tokens to get BTC]
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