What is Seacows? Seacows is an AMM NFT platform built on Ethereum that allows users to trade NFTs instantly. Let’s find out what is special about this project with Weakhand in this article.
Before jumping into the article, you can refer to some of the following projects to gain more knowledge about the NFT AMM market.
- What is SudoSwap? SudoSwap cryptocurrency overview
- What is SudoSwap v2? Does innovation create success?
- What is HadeSwap? HadeSwap cryptocurrency overview
What is Seacows?
Overview of Seacows
Seacows is an NFT AMM platform built on the Ethereum blockchain. In addition to buying and selling NFTs, web3 traders and projects can create their own liquidity pools to receive LP income and provide liquidity to the platform.
Objects operating on the Seacows platform:
- Traders: Participate in buying and selling NFTs on the platform at a fast speed.
- Liquidity Provider (LP): Participate in providing liquidity on the platform to receive rewards that can be: royalties, swap fees or Incentive SEA tokens (main token of the project).
Seacows’ goal is to focus on 4 main use cases including:
- Degen NFT Trading: Seacows allows users to interact directly with Smart Contracts making NFT transactions more efficient, secure and cost-effective.
- Gaming: For blockchain games, Seacows provides a seamless and decentralized way to buy and sell in-game assets, while ensuring liquidity is always available for popular assets.
- NFT Creators: As a Pool creator, users can avoid the involvement of any third-party markets and can create their own liquid markets with lower fees and more control over assets and Royalties earned.
- Defi: One difference between NFT Marketplaces compared to NFT AMMs in general and Seacows in particular is that there is an additional Liquidity Provider participating in activities on the platform. This increases market liquidity and gives users access to new markets, trustless trading, and seamless integration.
What is the Seacows difference?
There are 2 main differences between Seacows and other NFT AMM platforms:
- Pool Factory: The mechanism pairs assets from liquidity providers, while increasing liquidity for the entire market.
- Router: Core pricing mechanism to provide price transparency throughout the transaction.
For Pool Factory: Seacows implements a shared liquidity model where LPs will be incentivized to provide liquidity into the same Pool. Each LP will receive rewards based on the amount of liquidity they contribute to that Pool. This reduces the possibility of price slippage and increases instant liquidity attracting more users to the platform.
For Seacows routers: Whenever a trade is made, Seacows makes a call to the SeacowsRouter protocol (an AI-based pricing protocol) to provide the most accurate price available to traders.
In addition, another interesting point on the Seacows platform is that they support many standards for NFTs such as: ERC 721 and ERC 1155 and support many types of ERC 20 tokens, giving users more choices when trading on the platform.
Core Team
Update…
Investor
Seacows has cooperated with a number of partners such as: HashGlobal, Mix Marvel and Stratified Capital to support project development.
Tokenomics
Update…
Information Channel of Seacows Project
- Website: https://seacows.io/
- Twitter: https://twitter.com/SeaCowsNFT
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Medium:
summary
NFT AMM is not a new model and there have been many development projects in this area. However, SeaCows offers unique features such as a shared liquidity model or an AI-based pricing model. However, SeaCows is currently only in the testing phase so the quality of the project cannot be evaluated. Therefore, we need to monitor the upcoming developments of the project to make our own investment decisions.