Skyward Public Sale Is Live

The $SEAT token IDO is now well underway on the Skyward launchpad. However, while the deposit window has closed, the sale period is now open until 30th of May. You can still deposit NEAR into the contract and claim $SEAT on our sale page.

This is the first and only opportunity to invest in SeatlabNFT before $SEAT hits major exchanges. After successful fundraising in late 2021, we’re offering a chance to obtain $SEAT through a transparent price discovery auction IDO on the Skyward launchpad.

Skyward is a bot-resistant launchpad based on the climate-neutral NEAR Protocol blockchain.

For more information about how a price discovery auction works, read our guide here.

The $SEAT Token

The $SEAT token is a significant part of the SeatlabNFT platform, and we’re using it to help fans connect with the artists and live shows they love.

To help connect artists and fans, we’ve created a tiered utility for holders of $SEAT, who will benefit in three different ways.

Buyers Fee

By default, the buyers fee is 5% (+1.5% payment processing fee for credit/debit card purchases), a small charge added to the cost of every ticket on SeatlabNFT. However, this is reduced by holding $SEAT. Since it’s tiered, the more $SEAT you own, the less you pay in platform fees.

Staking $SEAT

You can stake $SEAT in exchange for a cut of the default 5% buyers fee to increase your $SEAT holdings, which can either be withdrawn or added to your stake. The number of tokens you hold determines the amount you receive as a staking reward.

Rewards Centre

Every 30 days that you hold $SEAT, you will automatically receive a point to spend in our exclusive Rewards Centre. The Rewards Centre has three tiers: Sapphire, Gold and Holographic.

The number of $SEAT tokens you hold determines the tier in which you will earn points. A full explanation of how the Rewards Centre works can be found here.

Wrapping Up

Skyward is our community’s only opportunity to invest in $SEAT before it hits the major exchanges. We chose Skyward because it offers a chance to get $SEAT at a fair price through its transparent price discovery launch.

Taking part in our IDO is simple, and we’ve put together this handy guide to make sure it’s a smooth process.

SeatlabNFT is dedicated to changing the way ticketing serves the live events community. To find out more about how we’re doing this, see platform updates or get involved, join us via the links below.

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