Seascape Foundation Unveils First On-Chain BNB Treasury Strategy

The Web3 gaming platform aims to enhance capital efficiency with 100 BNB and 1,000,000 CWS tokens, backed by Binance's early seed investment.

BNB

Summary

Seascape Foundation, a Web3 gaming ecosystem backed by Binance's seed investment, has launched its first on-chain BNB Treasury Strategy to drive capital efficiency and sustainable growth within the BNB ecosystem. The initial treasury comprises 100 BNB and 1,000,000 CWS tokens, with 70% allocated to cold storage and up to 30% for strategic deployment. Features include a dynamic mNAV mechanism, transparent reporting, and expansion of BNB reserves through market and OTC activities. Future offerings will integrate BNB yield-linked tokens and innovative staking models into the Seascape ecosystem.

Terms & Concepts
  • BNB Treasury Strategy: A capital allocation plan using Binance Coin (BNB) to optimize asset management, liquidity, and growth in a blockchain ecosystem.
  • mNAV Mechanism: A dynamic method for calculating and adjusting the net asset value (NAV) of a treasury based on market conditions and strategic objectives.
  • Cold Storage: A secure offline method for storing cryptocurrencies to protect them from hacking and other online security risks.