Seraph, a dark fantasy action role-playing game (ARPG) that integrates blockchain technology with immersive gameplay, had its Token Generation Event (TGE). With an initial valuation of $700 million, this event marks a significant moment for both the game and the broader web3 gaming space. The $SERAPH token is designed to serve as the foundation of Seraph's in-game economy, providing players with various opportunities to engage, earn rewards, and contribute to the development of the game.

More About Seraph

Seraph is set in the expansive world of Seraphosia, a setting rich in lore that combines medieval dark fantasy themes with the latest blockchain and artificial intelligence (AI) technologies. Players in Seraph can select from various iconic classes, each with unique abilities, and create their own personalized combat styles while exploring dungeons.

The integration of blockchain technology ensures that players have full ownership of their in-game assets, with support from two blockchains. This provides a level of transparency and value that enhances the gameplay experience, marking Seraph as a notable project in web3 gaming.

Seraph Cover Banner on X

The Role of the $SERAPH Token

The $SERAPH token is essential to the game’s economy, providing players with a means to participate in various in-game activities, claim rewards, and engage in community governance. The total supply of $SERAPH tokens is one billion, and the token is supported by both the BNB Chain and Ethereum networks. The TGE event, which occurred on January 6, 2025, at 12:00 UTC, is the first major step in the game’s ongoing development.

Token Allocation and Community Incentives

In terms of token distribution, 40.5% of the total supply will be allocated to the community through a combination of airdrops and rewards for active participation. This will include rewards for players, NFT holders, and those who take part in ongoing incentive programs. Additionally, 18% of the tokens are reserved for the core team and advisors, with a one-year cliff and a linear vesting period over the next three years.

Investors will receive 6.42% of the tokens, which will also be subject to a one-year cliff and three-year vesting. The game’s foundation will receive 17% of the total token supply to support further development, partnerships, and exchange listings. Another 18.08% is designated for ecosystem development and marketing, which will be used to expand the game, facilitate cross-chain deployments, and conduct promotional campaigns.

Seraph’s $SERAPH Token Launch

Claiming $SERAPH Tokens and Utility

Eligible players and NFT holders can claim their $SERAPH tokens starting from the TGE event. For those who hold specific NFTs, such as SOUL Series (PFP) and SERAPH Priority Pass (SPP) NFTs, a snapshot-based rewards system is in place. These holders can claim their tokens from January 6, 2025, 06:00 UTC, until February 5, 2025, 06:00 UTC. Any unclaimed tokens will be returned to the reward pool for future use.

Additionally, holders of Seraph Starry Journey (SSJ) NFTs are also eligible for airdrops, with varying token amounts based on the type of SSJ NFT they hold. Important to note is that these SSJ NFTs will be destroyed after the airdrop, and accounts flagged for unusual activity will be excluded from claiming rewards. Players who participated in non-Public Test Realm seasons are also eligible for rewards, with the claiming period aligning with that of PFP and SPP holders.

The $SERAPH token serves multiple purposes within the game. It can be used to reforge NFT equipment, modifying affixes each season, as well as to reveal the stats and properties of NFT drops. Players can also use $SERAPH to engage in Soul Spar events, where high-stakes battles offer the opportunity to claim exclusive NFTs. Additionally, token holders can participate in community governance, voting on key decisions regarding the game’s direction and ecosystem. As the game evolves, new utilities for the token are expected to be introduced.

Seraph Key Art

Genesis Season 1: The Start of a New Era

Coinciding with the TGE, Seraph also launched Genesis Season 1 on January 6, 2025, at 09:00 UTC. This inaugural season is designed to deepen player involvement, with active players earning $SERAPH tokens for their contributions. The season will feature exclusive events aimed at fostering community growth and engagement, with further details on these events to be announced in the coming days. The launch of Genesis Season 1 serves as a key milestone in Seraph's ongoing development, providing players with new gameplay opportunities and rewards.

Looking ahead, Seraph plans to continue incentivizing its community with ongoing airdrops and rewards. With 40.5% of the total token supply dedicated to community incentives, future gaming seasons will feature additional token distribution to reward player loyalty and attract new participants. These efforts will aim to bring together players from both web2 and web3 spaces, ensuring long-term engagement and growth for the game.

Seraph Launched Genesis Season 1

Final Thoughts

The $SERAPH token is central to the overall Seraph experience, playing a critical role in the game’s economy and its ongoing development. Through its blockchain integration, Seraph offers players a unique opportunity to gain real ownership of their in-game assets, influence the game’s direction through governance, and participate in a rewarding and immersive gaming experience. The successful launch of the $SERAPH token and the start of Genesis Season 1 is only the beginning of what Seraph hopes to achieve in the evolving world of blockchain gaming.