SealemLab project

drewbowen28 (25)in #new • 3 years ago

Introduce

We believe that the key to a successful Cryptocurrency lies in the concept of Non-custodial, which means individual users get complete control over their funds. Provided with a Non-custodial wallet, individuals have sole control over their funds, private keys, and the ability to prove ownership.

In the completely decentralized crypto world, if you own your private key, you have your money.

In other words, if you control the private key, you control your cryptocurrency. In very simple terms, an uncustodial wallet is a wallet where you keep your private keys, and you are solely responsible for the security of those keys.

Now, with SealemLab, you can provide solutions for digital asset exchange, payment processing, crowdfunding, multi-chain customer accounts, profit sharing propositions, side markets third and multi-crypto accounts.

About SealemLab

The Sealem platform creates a new generation of DeFi + Gamefi protocol. Participating in governance by buying bonds to obtain ST token, and at the same time obtaining game tokens by staking, and enjoying a variety of high-quality games on the platform.The DeFi + Gamefi model reduces the risk of unlimited inflation, and the two parts will interoperate to maximize returns.

DeFi, GameFi & P2E

Decentralized Finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes control over money, financial products and financial services by banks and institutions. Some of the main attractions of DeFi for many consumers are:

It researches the fees that banks and other financial companies charge for using their services.

2. You store your money in a secure digital wallet, not in a bank.

3. Anyone with internet connection can use it without approval.

4. You can transfer funds in seconds and minutes.

In the DeFi space, token-based transactions such as lending and borrowing take place on the blockchain, a decentralized digital ledger similar to the one Bitcoin was originally used. In its most common usage, GameFi refers to decentralized applications ("dapps") with financial incentives. These typically involve tokens as rewards for performing game-related tasks, such as winning battles, mining valuable resources, or growing digital crops. This is a method is also known as "making money". In many GameFi apps, users can also make passive money by letting others mine their virtual land. They can also earn interest by lending assets such as digital characters or depositing them in so-called staking using technology developed by DeFi platforms.

"P2E (Play-to-Earn) is the latest development in the gaming industry. It is a business model that embraces the concept of an open economy and provides economic benefits to all players who add value by contributing to the gaming world." In conclusion, now Gamers are no longer paying for games as they used to, but making money from them.

On the other hand, there are still many problems with the current state of SealemLAB. It is supposed to protect users from scammers. However, it can be difficult for a person to know if the Avatar they see matches the person's real identity on the other end because it is difficult to check if the facial features are fake or real. Going completely digital complicates matters because checking a person's identity and at the same time providing privacy for that person may not be compatible.

Since it's still in the early stages of development, SealemLAB is missing one important feature - the app store. Of course, problems create opportunities. Companies that are early adopters have great potential to cut a large chunk of the new market, just as Android has taken over the app market by introducing its own app store.

NFT is a great way to facilitate payments in SealemLAB. However, P2P cryptocurrency transfers are also needed in many cases, as well as enhanced security that relies solely on blockchain integrity. There have been thefts and security breaches in the NFTs industry because decentralized NFT markets have to deal with centralized intermediaries. The latter is the cause of a security leak that causes users to lose their NFTs. Thus, once again, centralized platforms are a potential threat in SealemLAB.

Strategies for Building Sealem Products

The Sealem team employs 2 strategies to build innovative Sealem products.

Problem Statement: In-depth research and understanding of DeFi+Gamefi issues, continuous update of iterative versions, to provide users with maximum benefits, and the transition from DeFi+P2E to Play for fun and P2E.

Solution Statement: Assess market gaps and iterate until we find a product idea/solution that allows us to capture a large number of unresolved needs in a specific problem statement With these two strategies, the Sealem team is actively thinking about DeFi + Problems in the GameFi space, come up with various innovative product ideas to capture huge market gaps, run simulations to validate ideas, then build user-friendly innovative products to capture truly unsolved problem requirements.

How can I profit from Sealem?

For stakers, the main benefits come from asset price appreciation and supply growth. The protocol sells ST bonds (mints new tokens) when there is a healthy premium. The premium earned by the protocol will be distributed to stakers. Due to the nature of producing ST tokens, it is in the best interest of the protocol to ensure a healthy premium for ST tokens. The only way to guarantee a healthy premium is for the token to accumulate more assets to increase the intrinsic value of the token. Over time, the agreement will be adjusted according to policy to increase the ST floor price. The bill would reduce inflation of the total token supply while allowing protocols to buy back their own tokens, further reinforcing the idea of a rising price floor.

The main benefit for bond dealers comes from price consistency. Bondholders can invest capital up front and promise a fixed return at a set point in time; this return is given in ST tokens, so when the minted ST is completed, the bond dealer's profit will depend on the ST price. With this in mind, minters benefit from the rising or static price of ST tokens.

The main income of players comes from the game itself. Players earn daily income and quarterly income by competing in the game.

Website: https://sealemlab.com/#/home
Whitepaper: https://lab-sealem.gitbook.io/sealem-lab
Telegram: https://t.me/SealemGlobal
Twitter: https://twitter.com/SealemLab
Audit: https://www.certik.com/projects/sealem
Discord: https://discord.gg/5dC2cXcmtp
Facebook: https://www.facebook.com/Sealemlab
AUTHOR : CarrollKleinin

POA : https://bitcointalk.org/index.php?topic=5402286.msg60381250#msg60381250