In line with the commitment made during the $SERAPH TGE and our commitment to rewarding long-term supporters, the Seraph Foundation will officially launch the SOUL PFP & SPP staking campaign. This campaign marks the beginning of the $SERAPH reward distribution for Soul PFP and SPP holders through staking.

Staking Window and Access

Staking Window: August 5, 2025, 16:00 (UTC) – August 6, 2025, 15:59 (UTC)

Platform: ActPass Wallet

Please note that only assets held within ActPass are eligible for staking. External wallet assets will not be supported.

Staking Terms and Conditions (Current Phase)

The initial staking phase will continue until October 5, 2025 (UTC), with future phases to be announced through official channels.

Staking is available only during the designated entry window. Submissions beyond the deadline will not be accepted.

After each staking phase ends, users must manually stake their assets again to continue earning rewards.

Rewards must be claimed manually on the event page within 30 days of each phase’s conclusion. For this phase, the claim period runs from October 5 to November 4, 2025 (UTC). Unclaimed rewards after this period will be forfeited.

All rewards will be distributed directly to users' ActPass wallets.

Reward Allocation (Current Phase)

• SOUL PFP (SSR): 1,045 $SERAPH

• SOUL PFP (R): 209 $SERAPH

• SPP: 418 $SERAPH

During the current staking period, all SOUL PFP and SPP assets will be temporarily locked from transfers or trading. Trading functions will resume once the phase ends.

System Updates and Adjustments

The SOUL PFP seasonal privilege system will be officially retired. Relevant features will be integrated into future in-game systems to streamline gameplay.

The transaction currency for SOUL PFP & SPP within ActPass will be standardized to $SERAPH, creating consistency across the in-game economy.

Looking Ahead

As this staking campaign unfolds, we will begin introducing a new mechanism to improve liquidity and encourage broader participation in the $SERAPH economy. This mechanism aims to offer more flexibility for stakers while enhancing the ecosystem’s overall vitality. Further details and instructions will be released in a forthcoming announcement.

Thank you for your continued support and dedication to Seraph. Together, we are building a richer, more sustainable gaming ecosystem.

Seraph Foundation

In July 2025, Seraph Season 3 (S3) officially launched alongside its listing on Binance Alpha. This update not only represents a comprehensive upgrade of the game’s mechanics and economic model but also marks Seraph’s entry into a broader audience of crypto investors.

Key takeaways from S3 and the Alpha promotional period include:

• A clearer in-game "Play-to-Earn" structure, with stronger VIP circulation and player retention compared to Season 2 (S2).

• Diverse event designs that boosted engagement, though some pacing and entry points may require further optimization.

• Market attention peaked within a short window, yet trading activity remained highly active.

• On-chain transaction data saw significant growth, with fees and LP lock-ups increasing in tandem.

2. In-Game Performance

Seraph in S3 introduced a fully upgraded Web3 gaming experience. The new season opened to both new and returning players with a “zero-cost entry” model. Generous free rewards significantly lowered the entry barrier, boosting player engagement and retention. Every S3 player received a package worth over $100, including a free season pass, level boosting items, and a seasonal stall permit for returning players.

2.1 Player Base & Activity

• S3 Active Players: Web3 version – 13,342; Steam version – 16,656; Total – 29,998 players.

• The active player count in S3 remained comparable to S2, indicating the formation of a loyal and sticky player base. There is also a growing trend of users migrating from Steam to the Web3 version, laying a solid foundation for future ecosystem growth.

2.2 Token Economy & Internal Circulation

Since S2, Seraph transitioned its in-game spending model from USDT to the native token $SERAPH, optimizing token circulation and supporting a healthier, more sustainable economy.

All in-game spending is directed to the official locked wallet and held for one year, reinforcing token value and deflationary mechanisms. Wallet address: https://bscscan.com/address/0xfb341a7701cedbcd47d238bc800e95441ea9d0da

Across all three seasons, cumulative top-ups have surpassed $650,000 USDT, demonstrating steady and strong monetization, further confirming Seraph’s appeal through both its content and economic system.

Compared to previous seasons, S3 shows clear growth in both rewards distribution and token consumption, indicating increased investment and a more refined economic model.

Rewards & Consumption Summary

2.3 In-Game Asset Performance

1) Thriving Energy & Soul Spars Ecosystem

With the continuous enrichment of seasonal content, the energy and Soul Spars systems have remained highly active. These figures reflect a robust, high-frequency ecosystem with deep player engagement:

• S1: 317M Soul Spars produced, 269M consumed.

• S2: 594M Soul Spars produced, 583M consumed.

• S3: 600M Soul Spars produced, 582M consumed.

2) Early Formation of Staking Ecosystem

Key staking was introduced in S2, with a total of 4.62M $SERAPH staked, diversifying player participation options and receiving positive community feedback.

S3 further extended economic and gameplay features through Mercenary NFTs, asset auctions, and the zero-cost entry model.

3) New NFT Auction Mechanism

S3 also introduced an NFT asset auction mechanism, which included the auction of 5,000 BMEC (Mercenary NFTs). This auction generated 100,000 USDT and 500,000 $SERAPH (valued at approximately $98,000 at the time), injecting additional liquidity and depth into the ecosystem.

2.4 On-Chain Data Highlights

According to DappBay, Seraph ranked 5th among all Dapps in the past 30 days with over 1.1M active users. Combined transactions on BNB Chain and opBNB exceeded 5.87M, reflecting strong momentum and growing adoption.

3. Binance Alpha Performance (DeFi)

Since our official launch on Binance Alpha on June 9, 2025, $SERAPH has delivered strong results across key metrics such as on-chain trading volume, price performance, TVL, and fee revenue. The token has also demonstrated strong resilience and recovery during sudden market fluctuations.

In the first week of launch, both price and trading volume peaked. In the following weeks, $SERAPH consistently remained on the Alpha trending charts, with market activity and recognition steadily rising. Meanwhile, the project rolled out multiple incentive programs to reward the community and further deepen on-chain trading and liquidity participation.

3.1 Key Highlights

1) Price and trading volume peak (June 16)

• Token price surged to $0.204.

• Daily trading volume reached $68.80M, ranking 3rd on the Alpha trading volume chart for the first time.

2) Frequent appearances on Alpha rankings

• On June 16, 17, 30, and July 7, $SERAPH ranked among the top 3 on the Alpha trading volume chart.

• Multiple entries in the Alpha top 5 trading volume list.

3) Fee revenue and TVL performance

• From June 23 to June 30, on-chain fees averaged nearly $20K per day.

• TVL reached $1.71M on launch day and remained around $1.90M by June 30.

• TVL peaked at $2.46M on PancakeSwap on June 29.

• Currently stable around the $1M range.

4) Strong response to market shocks

• June 15: During the KOGE and ZKJ flash-crash event, Seraph responded by announcing the official LP lock on the following day.

• July 12: An external sell-off triggered immediate buyback measures and public progress updates. More than 7.7M $SERAPH was repurchased, with the price rebounding to the $0.16–$0.17 range by July 16, up +56%, topping the Alpha daily gainers list.

3.2 Incentive Programs

To energize the community and encourage trading activity, Seraph launched multiple incentive initiatives covering both LP providers and high-frequency traders.

1) 30-day LP staking campaign

• Encouraged users to provide SERAPH/USDT LP on PancakeSwap.

• LP staked on ActPass shared a reward pool of 500,000 $SERAPH.

• Campaign started on Alpha launch day (June 9) and ended on July 9, with rewards fully distributed.

2) Trading rebate program

• A trading leaderboard ran from June 19 to June 26, where the top 1,000 users by trading volume split a fixed reward pool of 50K $SERAPH and all official LP fees (fees accumulated between June 18–30).

• The first round of trading rebates was distributed on July 1, with a total payout of 54,239.8 $SERAPH and 812.32 USDT.

• An upgraded system is being prepared, combining trading, ranking, lucky draws, and referrals to further enhance user stickiness and trading frequency.

3.3 Timeline Overview

4. Ecosystem Performance and Risk Optimization

4.1 Ecosystem Performance

Since the launch of S3, Seraph’s overall ecosystem has shown strong activity and an initial ability to achieve positive circulation. By introducing new features such as the Mercenary Season, NFT Auctions, and the “zero-cost entry” model, S3 has further deepened player engagement, enhanced asset flexibility, and lowered barriers for new players, while also offering veteran players opportunities for asset re-utilization.

Within the in-game economy, $SERAPH tokens are widely used for character development, item crafting, and seasonal passes. Through mechanisms like token burning, official lock-ups, and consumption recycling, Seraph is building a closed-loop model of “production → consumption → recycling,” moving towards realizing our Play-to-Own vision.

At the same time, the Alpha phase marked the first time Seraph systematically integrated on-chain trading incentives with its game ecosystem. Various incentive mechanisms stimulated trading activity and token holding on-chain, driving trading volume, active addresses, and TVL upward. Officially locked LP liquidity ensured smooth trading experiences and strengthened market confidence.

Strategically, the simultaneous launch of S3 and Alpha completed the first end-to-end integration of gameplay content with DeFi trading arenas, creating an ecosystem loop that covers gameplay → on-chain spending → user holding → market feedback. Players not only produce and consume tokens in-game but can also earn trading rewards and liquidity mining incentives through Alpha, achieving horizontal circulation and value reusability for assets.

Overall, S3 and Alpha have worked hand-in-hand to validate an initial ecosystem loop covering content, economic models, and user structure. The integrated mechanism of Play-to-Own, on-chain trading, and asset incentives provides a sustainable framework for blockchain gaming projects.

4.2 Risk Analysis

While Seraph has demonstrated strong growth momentum and ecosystem vitality during S3 and Alpha, the rapid expansion also revealed some structural risks and sustainability challenges, mainly in the following areas:

1) Structural risk: consumption penetration and user retention

• Current token consumption is mainly concentrated on shallow use cases like task unlocks and lotteries, with some users leaving after completing tasks rather than continuously investing in character progression.

• As the early user acquisition phase slows, the lack of mid-to-late-stage consumption guidance and differentiated gameplay could result in declining engagement and spending willingness.

• On-chain data shows a noticeable drop in retention after new users complete their first reward tasks, indicating the need for stronger long-term participation mechanisms and incentives.

2) Operational strategy: Alpha point farming and incentive dependency

• While Alpha significantly boosted trading volume and visibility, a point farming pattern emerged where some users traded frequently solely for ranking rewards, focusing on arbitrage rather than ecosystem commitment.

• When incentives weaken or rules change, these users may easily leave, negatively impacting liquidity and community activity.

• The current Alpha incentive model does not effectively distinguish between genuine long-term users and short-term arbitrage traders, leading to resource inefficiencies.

3) Market feedback: complexity and rising entry barriers for new users

• As systems like PVP, guild battles, and NFT enhancements roll out, content depth increases, which is positive for core user engagement and spending but also raises the learning curve for new players.

• Without clear guidance or a simplified interface, complex mechanics may hinder smooth transitions from task participation to asset conversion, limiting user acquisition and conversion efficiency.

4.3 Optimization Recommendations

To address these risks and drive healthy ecosystem evolution, the following optimizations are recommended:

• Expand resource consumption scenarios

  Accelerate the launch of PVP modes and advanced dungeon gameplay, introducing resource competition and strategic spending to encourage players to shift from task completion to skill-based competition. At the same time, strengthen NFT consumption and upgrade mechanisms to build higher-level token utility pathways.

• Restructure Alpha incentive models

  Segment user behavior more precisely to identify long-term holders and frequent interactors. Establish differentiated incentive models to avoid resource concentration on short-term farming activities, while guiding trading behavior toward deeper integration with gameplay and NFT circulation.

• Design cross-season incentive mechanisms

  Build a growth-oriented identity system and seasonal achievement inheritance to encourage players to invest in future seasons. This will create continuity between seasons and a sense of long-term progression.

• Enhance user guidance and data visualization

  Simplify task interfaces, introduce interactive data dashboards, and strengthen smart recommendation features to reduce barriers for new users, improving participation efficiency and conversion rates.

• Continuously improve risk control mechanisms

  Develop an on-chain behavior profiling system and dynamic risk-control strategies to monitor suspicious addresses, abnormal trading activity, and bot behavior. Incorporate community feedback into governance to ensure collaborative monitoring and control.

By implementing these optimizations, Seraph can strengthen its economic stability while building a sustainable ecosystem flywheel of “user growth → deeper spending → asset accumulation → community-driven development,” offering a resilient model for the integration of blockchain gaming and DeFi.

5. Conclusion & Outlook

The overall performance of Seraph following the launch of S3 and Binance Alpha has validated the effectiveness of a growth strategy centered on on-chain data. We have observed consistent fee generation, LP lock-up support, and genuine user participation driven by the task system. Multiple core metrics have formed a closed loop, providing solid evidence of the long-term viability of the Play-to-Own model. User on-chain activities are transparently recorded and directly determine their share of rewards, ensuring true value ownership.

At the same time, it is important to acknowledge the structural risks that remain at this early stage, including challenges around user retention, the varying quality of Alpha traffic, and the need for more precise economic model tuning. As gameplay evolves and asset integration deepens, Play-to-Own should not merely serve as a tool for asset distribution but become a mechanism that encourages long-term commitment and strengthens players’ sense of ownership.

Looking ahead, our goal is to maintain a stable trading foundation while enabling players to truly own their in-game assets, status, and reward pathways.

Seraph Foundation

Data Sources

[1] Binance Alpha:
https://www.binance.com/en/alpha/bsc/0xd6b48ccf41a62eb3891e58d0f006b19b01d50cca

[2] PancakeSwap (PCS):
Fee statistics:
https://pancakeswap.finance/info/v3/pairs/0xd5b642646a6e40090d5d61ca11a78ee2f6e0ef14
TVL statistics: [
https://pancakeswap.finance/info/v3/pairs/0xd5b642646a6e40090d5d61ca11a78ee2f6e0ef14](https://pancakeswap.finance/info/v3/pairs/0xd5b642646a6e40090d5d61ca11a78ee2f6e0ef14)

[3] Media coverage of Alpha trading volume Top 3:
June 16: https://www.theblockbeats.info/flash/298700
June 17: https://www.theblockbeats.info/flash/298888
June 30: https://www.theblockbeats.info/flash/300651
July 7: https://www.theblockbeats.info/flash/301622

[4] 30-day LP staking campaign announcement: https://x.com/Seraph_Fdn/status/1932075338554868147

[5] Official LP lock-up announcement:
https://x.com/Seraph_global/status/1934508831230349427

[6] Trading rebate program announcement:
https://x.com/Seraph_global/status/1935587905030033886

[7] TVL peak at $2.46M announcement:
https://x.com/Seraph_global/status/1939217272763273534

[8] $SERAPH-USDT trading volume surpasses $5B:
https://x.com/Seraph_global/status/1940631997480886721

[9] Seraph official buyback plan announcement:
https://x.com/Seraph_Fdn/status/1945462542807236648

[10] Seraph project updates and token distribution disclosure:
https://x.com/Seraph_Fdn/status/1946162586313252980

On July 12, 2025, the Seraph team detected a continuous and substantial decline in the price of the $SERAPH token across multiple trading platforms. Immediately after the incident occurred, we activated our emergency response mechanism, organized on-chain analysis and market intervention, and concurrently launched an internal investigation.

According to preliminary findings, this round of price volatility was primarily triggered by large-scale, concentrated sell-offs within a short period by external addresses. The overall pattern exhibits characteristics of a systemic manipulation scheme. The intensive selling pressure alternated between different platforms within a short time window, inciting market panic and exacerbating the downturn, resulting in three rounds of declines in less than 8 hours, with the largest single drop exceeding 60%.

Although most of the operational addresses involved were smart trading bots, on-chain data indicates these addresses are interrelated and displayed highly coordinated behavior. Three of these addresses were also linked to another project, $SOON, which experienced a similar crash one week prior.

We extend our sincere apologies to all affected users. The Seraph team has never engaged in any liquidity withdrawal, cash-out, or token sales. This round of abnormal price fluctuation had no connection whatsoever to any official addresses. We are, together with the community, direct victims of this event.

We commit to continuously strengthening our on-chain risk controls and market stabilization measures, and we will collaborate with exchanges and third-party institutions to track and investigate the malicious activities in order to safeguard the collective interests of users and the market.

II. Core Information

• Attack Time Window: July 12, 2025, 04:00 – 11:00 (UTC+8)

• The abnormal selling pressure was mainly triggered by 5 addresses, 3 of which are suspected to have participated in the $SOON project crash

• Three rounds of intensive dumping drove the price from $0.1953 down to a low of $0.07456, with a maximum decline of 61.8%

• The Seraph team immediately intervened to stabilize the market, launching on-chain and CEX repurchase measures, totaling over 7.4 million SERAPH bought back

• The incident had no connection to the Foundation or any official addresses

• Collaboration is underway with CEXs and security agencies to trace the origin of the attack

III. Attack Event Timeline

IV. Attack Analysis

1. Target Selection

Attackers chose July 12 as the attack date, timing it to coincide with the following critical factors:

• The imminent conclusion of Seraph Season 3, with substantial season rewards pending distribution.

• Completion of the 30-day staking campaign, with staking LP tokens just returned and rewards about to be issued.

• Alpha ranking influence rising, with trading activity among the highest on Binance Alpha.

These factors concentrated user attention and created an optimistic market sentiment, which the attackers exploited by launching a coordinated dump to maximize impact and profit.

2. Execution Path

• Pre-emptive deposits of tokens into multiple centralized exchanges (Bybit, KuCoin, MEXC, CoinEx).

• Use of DEX liquidity (PCS V3) for cross-chain arbitrage and segmented selling.

• The timing and scale of transactions across addresses were highly consistent, suggesting unified programmatic control.

V. Behavior Analysis of Suspected Addresses (Top 5 Wallets, July 12 04:00–23:00 Sells)

1. Address: 0x055a3b37957bfbd3345bed9968e7e8dd56d67066

Sell Amount: $321,000 (still selling)

Sell Volume: 2.524M SERAPH

Remarks: 818 transactions; clear bot characteristics. During the initial dump period (04:00–11:00), completed 495 sell transactions totaling $234,757 and 1.832M SERAPH, accounting for 73% of this address’s daily total. This address also appeared among the attacker addresses in the $SOON incident.

2. Address: 0xe2a145f82c0a1c3911bd61c386c12d235da46423

Sell Amount: $380,152

Sell Volume: 3.107M SERAPH

Remarks: Frequent operations; 769 transactions in total. This address was not officially named by $SOON, but community analyses repeatedly cited it as coordinating with known attacker addresses. This time, it also displayed abnormal selling behavior.

3. Address: 0x1ea99b62efc93982b58e48d5bcd6ff931180fb5a

Sell Amount: $101,768

Sell Volume: 802,926 SERAPH

4. Address: 0x6a078cd16e5bac79f5b8941e52bffe93678c0505

Sell Amount: $97,114

Sell Volume: 1,065,988 SERAPH

Remarks: This address was previously identified by on-chain analysts as behaving in sync with $SOON-related dumping addresses. This time, it also showed rapid selling after concentrated fund inflows.

5. Address: 0xf29a32073c35f228144f3d4b787d76f47ed3771f

Sell Amount: $86,160

Sell Volume: 822,760 SERAPH

Remarks: Highly precise timing and large transaction sizes.

VI. Project Response and Buyback Actions

To quickly stabilize market sentiment and disrupt the dump cycle, the Seraph team conducted multiple repurchase interventions:

On-Chain Buybacks

Buyback Address: 0xcD4F680673306960edF1ff3de442121411c9055C

• First Round: July 12, 10:44–12:18, 81 transactions, repurchased 1,581,429 SERAPH, spent $200,078

• Second Round: July 12, 14:42–14:54, 36 transactions, repurchased 414,768 SERAPH, spent $50,000

• Third Round: July 13, 00:34–00:38, 15 transactions, repurchased 248,110 SERAPH, spent $30,000

• Total: 132 transactions, total $280,077 spent, 2,244,308 SERAPH repurchased

CEX Buybacks

• Bybit: 3 transactions, total 4,699,797 SERAPH

• KuCoin: 2 transactions, total 165,636.7 SERAPH

• MEXC: 1 transaction, total 299,998 SERAPH

All repurchased tokens have been transferred to the collection address; the on-chain buyback address now holds zero balance.

Buyback Collection Address: 0x00b18489cbbE7dA1cb20716fC1211348a6133eCb

Total Buyback: 7,409,735.153 SERAPH

VII. Overlap with $SOON Event

Among the 5 main addresses involved in this incident, the following 3 had behavior or activity patterns overlapping with those in the prior $SOON crash:

• 0x055a3b37957bfbd3345bed9968e7e8dd56d67066

• 0xe2a145f82c0a1c3911bd61c386c12d235da46423

• 0x6a078cd16e5bac79f5b8941e52bffe93678c0505

These addresses displayed similar manipulation logic and execution paths, operating within close timeframes and using the same exchanges, suggesting possible cross-project coordinated attacks.

Original SOON’s Post-Mortem Report:

https://x.com/soon_fdn/status/1943247119680434339

VIII. Conclusion

We believe that the $SERAPH crash on July 12 was a case of systematic market manipulation leveraging bot-controlled addresses, multi-platform liquidity, and opportunistic market sentiment triggers. The objectives were clear, the methods precise, and there are signs of centralized orchestration behind the attack.

The Seraph team, like the community, was a direct victim of this incident. We have completed multiple rounds of market interventions and have initiated tracing and cooperation with exchanges to follow up on the attack origins.

Going forward, we will:

• Deploy Reserve Fund Buybacks: Continue using reserves to stabilize price and protect user interests.

• Enhance On-Chain Monitoring: Introduce intelligent risk control systems to detect suspicious activity in real time.

• Strengthen CEX Collaboration: Establish tighter pre-warning and mitigation protocols with exchanges.

• Maintain Transparency: Provide timely updates to the community to ensure clear communication.

IX. User Rights & Rewards Distribution Statement

Despite the short-term volatility caused by this incident, we solemnly commit:

• All Season 3 rewards will be distributed as planned.

• All participants of the 30-day staking campaign will receive their rewards automatically refunded to their original ActPass wallets within the next 5 days. No action is required from users.

We understand that for many engaged users, this is not merely an investment of time and resources, but also trust in and support for the Seraph ecosystem. We thank every user who continues to stand with us in this challenging period. It is you who form the core value of this ecosystem. In the future, we will work together to build a more mature, sustainable Web3 gaming ecosystem through transparent operations, reinforced risk controls, and improved incentives.

Seraph Foundation

We’ve shared the full announcement here, but if you’re ready to jump in, this guide will walk you through each step using your Binance Web3 Wallet.

Event Details

• Total Rewards: 500,000 $SERAPH

• Start Time: June 9, 2025, 12:00:00 (UTC)

• Duration: 30 days

• Incentivized Pair: SERAPH/USDT (0.01%)

Purchasing $SERAPH

Open your Binance Web3 Wallet, go to the ‘Alpha’ section, and select ‘SERAPH’. Swap the desired amount of $SERAPH.

Depositing LP on PancakeSwap

1. In your Binance Web3 Wallet, navigate to the ‘Discover’ section and select ‘PancakeSwap’. Tap ‘Earn’, then choose ‘Farm / Liquidity’.

2. Search for ‘Seraph’ and select the first liquidity pool.

3. Tap ‘Add Liquidity’. The default fee tier should already be set to 0.01%. If not, adjust it accordingly. Selecting ‘Full Range’ ensures the LP covers the full valid trading range. You can enable this if you'd like to maximize your contribution value and receive additional staking campaign rewards.

4. To add liquidity, you must provide equal values of USDT and $SERAPH. Make sure your wallet contains both tokens. Approve both tokens and proceed to add liquidity.

Transferring LP to Actpass

1. Download the ActPass app from the App Store or Google Play. Create an account using your email.

2. Go to the ‘Assets’ section and tap ‘Receive’. Select ‘Pancake V3 Positions NFT’ and copy your wallet address by tapping the copy icon.

3. Go back to your Binance Web3 Wallet. In the ‘Assets’ section, select the most recent NFT (it should show a 7-digit Token ID). Tap ‘Send’, paste the copied address, and proceed to transfer the LP token to your ActPass Wallet.

Note: Double-check the pasted address to make sure it matches exactly.

Staking LP on ActPass

1. Wait a few minutes for the NFT transfer to complete. Once confirmed, your LP token will appear under the ‘Assets’ section in ActPass. From the home screen, tap the LP campaign banner.

2. On the ‘Staking’ page, tap ‘Staking’, select your LP token, and confirm

.

3. Congratulations! You’ve successfully staked and joined the campaign. After the staking period ends, your staked LP token and $SERAPH rewards will be automatically airdropped to your ActPass Wallet.

Campaign Details

• Total Reward Pool: 500,000 $SERAPH

• Start Time: June 9, 2025, 12:00 (UTC)

• Duration: 30 days

• Eligible Pair: SERAPH/USDT (0.01%)

How to Participate

1. Add any amount of liquidity to the SERAPH/USDT (0.01%) pool on PancakeSwap (full range recommended).

2. Liquidity pool address: https://pancakeswap.finance/info/v3/pairs/0xd5b642646a6e40090d5d61ca11a78ee2f6e0ef14

3. After adding liquidity, visit the ActPass campaign page: https://app.actpass.com/asset/lp

4. Stake your LP tokens on the ActPass page to begin earning rewards.

5. Rewards will be distributed proportionally based on your share of the total liquidity in the pool.

6. LP tokens will be locked for the entire duration of the campaign.

7. After the campaign ends, both the $SERAPH rewards and LP tokens will be automatically distributed to your ActPass wallet.

Thank you for supporting Seraph. Together, we’re building a stronger, more rewarding ecosystem.

Seraph Foundation

Your support has been instrumental in shaping the Seraph ecosystem, and we are always looking for ways to bring more value to our dedicated community. As part of this commitment, we are accelerating the launch of Soul NFT & SPP-related airdrops and activities, ensuring that holders continue to benefit from their role in the ecosystem.

Introducing the SERAPH Staking Program

Total Rewards: The remaining 36,000,000 $SERAPH allocated to Soul NFT & SPP holders

Airdrop Method: Stake Soul NFT & SPP to be eligible for claiming airdrop

*Staking rewards will replace all future PFP & SPP airdrop distributions. There will be no additional airdrops for PFP & SPP moving forward.

Launch Period: Expected between July 6, 2025 – August 7, 2025, running until January 6, 2029

Airdrop Distribution: Monthly linear release of airdrops

This staking initiative complements our broader strategy to ensure Soul NFT & SPP holders remain key contributors to Seraph’s evolving ecosystem. By integrating with our growing game economy, this approach helps maintain market stability, long-term engagement, and sustained rewards for participants.

Further details about the staking mechanics and participation guidelines will be shared soon via official channels.

Thank you for being part of Seraph’s journey—we’re excited to continue building this ecosystem together.

Seraph Foundation

Dear Soul NFT & SPP Holders,

As a token of appreciation for our community’s support and our commitment to co-building the ecosystem, the Seraph Foundation has allocated 48,000,000 $SERAPH in airdrop rewards to Soul NFT & SPP holders. This is our way of recognizing and rewarding those who stood by us from the very beginning, helping shape the foundation of Seraph.

Airdrop Distribution Plan

Phase 1 Airdrop – Completed

The first round of airdrops was successfully distributed during the TGE through the designated distribution page. This initial phase was dedicated to thanking our earliest supporters, ensuring that Soul NFT & SPP holders received the rewards they truly deserve.

Future Airdrop Schedule

The remaining $SERAPH rewards will be distributed gradually over a three-year period: 2026, 2027, and 2028.

Why a Three-Year Distribution Plan?

1️⃣ Ensuring Long-Term Holder Benefits

By releasing rewards in stages, Soul NFT & SPP holders will continue to receive value over time, rather than a one-time distribution that could lead to short-term market fluctuations.

2️⃣ Maintaining Ecosystem Stability

A gradual release schedule helps maintain healthy market liquidity and prevents excessive volatility caused by sudden large-scale token releases, fostering sustainable growth for the Seraph ecosystem.

3️⃣ Supporting Long-Term Ecosystem Growth

Seraph is continuously evolving, with new features, applications, and revenue models set to roll out over the next three years. Aligning airdrop distributions with the project's development ensures that holders benefit as the ecosystem expands.

4️⃣ Encouraging Long-Term Commitment & Deeper Engagement

Soul NFT & SPP holders are more than just early participants—we see them as long-term collaborators in shaping the future of Seraph. This extended airdrop mechanism incentivizes deeper involvement in the ecosystem, strengthening its foundation.

Building a Thriving Future Together

We’ve already made significant progress in ecosystem development and are continuously refining our core elements. As Seraph grows, we will introduce more innovative content and gameplay features, ensuring that the ecosystem remains dynamic and engaging.

In addition, we are actively constructing a comprehensive gaming ecosystem, integrating a diverse range of game genres, innovative interactive experiences, and multi-faceted applications. This will expand community participation, allowing more users to be part of Seraph’s evolution and witness its transformation into a more vibrant and opportunity-rich ecosystem.

Looking ahead, we remain dedicated to building a fair and sustainable gaming economy, where Soul NFT & SPP holders remain valued partners at the core of our ecosystem. Further details on the airdrop mechanics and distribution timeline will be announced via official channels, so please stay tuned for updates.

Thank you for your continued support and trust!

Seraph Foundation

⚠️ Please refer to the latest announcement for updated airdrop details for Soul NFT & SPP Holders.

1. Visit https://claim.seraph.game/home and select 'Login'.

2. Log in using your preferred method.

3. Community members who participated in Seraph’s non-Public Test Realm (non-PTR) seasons are eligible to claim $SERAPH rewards. Select 'Claim,' and $SERAPH will be airdropped to your ActPass wallet.

4. SOUL and SPP NFT holders can claim $SERAPH rewards after binding to their crypto wallets. Select 'Claim,' and $SERAPH will be airdropped to your ActPass wallet.

Trading $SERAPH

1. $SERAPH spot trading is available on major CEXs, including Bybit, Kucoin, MEXC, Hashkey Global, and LBank. For DEXs, all pools are unofficial for now until announcements are made through our official channels, if any.

2. Using Bybit as an example, new users can visit this Bybit link to register an account. If your first deposit is $SERAPH, you will receive an additional $SERAPH airdrop through their Token Splash event!

3. After registration, go to the Deposit Page and choose to deposit $SERAPH. Copy the address provided.

4. Open your ActPass Wallet and select 'Assets'. Choose 'SERAPH,' then select 'Withdraw,' and paste the address copied in Step 3. Proceed with the withdrawal.

P/S: A 0.001 BNB gas fee is required for withdrawing $SERAPH. Please deposit the minimum deposit amount of BNB required, depending on the network you select.

5. Your $SERAPH will arrive in Bybit within 5 minutes!

6. If you already have a Bybit account, visit https://www.bybit.com/en/trade/spot/SERAPH/USDT and start trading!

Bybit Exclusive Event: Mining $SERAPH

After depositing $SERAPH in Bybit, you can also join the exclusive Bybit Launchpool mining event here: https://www.bybit.com/en/trade/spot/launchpool

Starting January 6, 2025, at 12:00 PM UTC and ending January 13, 2025, at 12:00 PM UTC, stake $SERAPH, MNT, or USDT to obtain a share of 15,000,000 SERAPH for free!

All SOUL and SPP NFT holders at the time of the snapshot will be able to claim the first batch of $SERAPH rewards starting January 6, 2025, 06:00 UTC through the event page: https://claim.seraph.game.

Seraph Foundation

GameFi is still in its early stages, which is why Seraph Studio stepped into this field during its rapid growth in 2021 and invested significant resources to develop an AAA game. Built on the massive potential of blockchain, Seraph is designed to bring mainstream Web2 players into Web3, showing the world that gaming can offer not only enjoyment and a sense of achievement but also real-world rewards.

As technology continues to evolve, Artificial Intelligence (AI) has begun reshaping the gaming landscape. AI is enabling smarter gameplay, adaptive mechanics, and personalized experiences, pushing the boundaries of what’s possible in Web3 gaming. Capitalizing on these advancements, Seraph is positioned to leverage AI-powered systems to enhance gameplay, enable intelligent asset management, and create richer, more immersive experiences for players.

Inspired by one of the most iconic gaming genres—Action Role-Playing Games (ARPG)— Seraph is well-positioned to redefine Web3 gaming. With blockchain technology providing security, transparency, and AI driving innovation, Seraph is ready to lead the next phase of GameFi.

This article will officially introduce the Token Generation Event (TGE) of Seraph with additional details of $SERAPH, the token at the core to this unique gaming ecosystem.

Tokenomics Overview

• Ticker: $SERAPH

• Total Supply: 1 Billion (1,000,000,000)

• Network: BNB Chain and Ethereum

• TGE Date: January 6, 2025, 12:00 UTC

Distribution and Vesting Schedule

Community Airdrops and Incentives

A total of 40.5% of the $SERAPH supply is dedicated to rewarding and engaging the Seraph gaming community. This allocation includes immediate rewards for existing NFT holders and active players, as well as ongoing incentive programs to sustain engagement and foster growth across future seasons. The allocation is designed to drive participation, build community loyalty, and support long-term ecosystem development through campaigns, rewards, and exclusive events.

Core Contributors

18% of the total $SERAPH supply is allocated to Core Contributors, which includes the core team and advisors. Tokens allocated to the core team are subject to a one-year cliff, followed by linear monthly vesting over three years. For advisors, tokens are subject to a half-year cliff, followed by linear monthly vesting over three and a half years.

Investors

6.42% of the total $SERAPH supply is allocated to Investors who supported Seraph’s growth and development. Tokens allocated to investors are subject to a one-year cliff, followed by linear monthly vesting over three years.

Foundation

A total of 17% of the $SERAPH supply is allocated to the Foundation as a reserve fund to support future growth and sustainability. This allocation will be used for various initiatives, including exchange listings, the development of Seraph 2, strategic partnerships, and other enhancements.

Ecosystem Development and Marketing

A total of 18.08% of the $SERAPH supply is allocated to Ecosystem Development and Marketing to support the growth and expansion of the Seraph game and brand.

These allocations will be strategically deployed to fund cross-chain deployments, IP-related developments, platform enhancements, and liquidity provisioning. Driving awareness and attracting new players constantly via Seraph’s global reach through promotional campaigns and partnerships is an important aspect of utilizing this portion of funds.

Airdrop & Claiming Details

A game cannot thrive without its players—players are the heart of our community. At Seraph Foundation, we prioritize our community, valuing their contributions and feedback as the driving force behind our growth. As a token of appreciation, the Foundation would like to give back through our airdrop campaign.

1. SOUL Series (PFP) and SERAPH Priority Pass (SPP) Holder Distribution

Holders of PFP and SPP NFTs may claim the $SERAPH starting on January 6, 2025, 06:00 UTC. These NFTs also act as credentials for future rewards and exclusive perks. Users can log in to the event page to check their rewards: https://foundation.seraph.game/home

Claiming Period: January 6, 2025, 06:00 UTC – February 5, 2025, 06:00 UTC

Important notes:

• PFPs marked as stolen cannot claim $SERAPH rewards.

• Rewards will be distributed based on the results of the snapshot for PFP and SPP holders.

• Officially held PFPs will not participate in this airdrop distribution.

• Any unclaimed $SERAPH after the claim period will automatically return to the Seraph game matrix reward pool for future use.

2. Seraph Starry Journey (SSJ) NFT Holder Distribution

Holders of SSJ NFTs will receive $SERAPH airdrops based on the type of SSJ NFTs they own. The airdrop distribution ratio is as follows:

• 1 Starry Feather = 1 $SERAPH

• 1 Chaos Feather = 3 $SERAPH

• 1 Soul Feather = 10 $SERAPH

Important notes:

• All SSJ trading and transfer operations will be closed on January 3, 2025, 10:00 UTC, and display of SSJ NFTs in ActPass will be hidden.

• $SERAPH airdrop will be conducted based on SSJ holdings at the snapshot time that will be released later to prevent manipulation. After the airdrop activity has ended, all SSJ NFTs will be destroyed.

• SSJ NFT accounts which are deemed to have abnormal activities will be destroyed, and holders will not be eligible for $SERAPH airdrops.

3. Community User Distribution

Community members who participated in Seraph’s non-Public Test Realm (non-PTR) seasons are eligible to receive $SERAPH rewards. Users can log in to the event page to check their rewards: https://foundation.seraph.game/home

Claiming Period: January 6, 2025, 06:00 UTC – February 5, 2025, 06:00 UTC

Any unclaimed $SERAPH after the claim period will automatically return to the Seraph game matrix reward pool for future use.

Utility

$SERAPH is the native token of the Seraph ecosystem, designed to unlock features, craft items, and facilitate participation within the game.

$SERAPH utilities include:

• Reforging chaotic affixes for NFT equipment each season.

• Revealing the attributes of NFT equipment obtained through drops.

• Participating in unique opportunities, such as Soul Spar and Equipment of Seraph NFT drops.

• Engaging in future community governance activities.

As Seraph continues to evolve, additional utilities and features for $SERAPH will be introduced, providing even more ways to engage with the ecosystem.

Seraph’s Genesis Season - Season1

Alongside the TGE, the much-anticipated Genesis Season - Season 1 will officially launch on January 6, 2025, 09:00 UTC. In this inaugural season, dedicated community builders and players will be rewarded with $SERAPH as part of the Seraph Foundation’s commitment to fostering growth and engagement within the ecosystem.

More details about Genesis Season - Season1, including its features, events, and reward distribution, will be announced in the coming days.

Future Airdrops: Upcoming Gaming Seasons!

The Foundation’s mission is to reward players who are deeply invested in gaming while attracting more Web2 players into the world of Web3. To keep the excitement alive, there will be continuation of $SERAPH airdrops in the future!

As mentioned earlier, 40.5% of the total token supply is reserved for community airdrops and incentives across upcoming seasons. These airdrops will serve as incentives to sustain engagement, reward loyal players, and grow the Seraph community.

Stay tuned for more announcements about future seasons and airdrop opportunities!

Disclaimer

The information contained herein is provided solely for general informational purposes and does not constitute financial, legal, or investment advice. The $SERAPH is a digital asset, and its value, functionality, and use within the Seraph ecosystem may fluctuate or be modified over time.

Participation in the token economy, including airdrop programs, is subject to Seraph’s applicable terms and conditions and must comply with all relevant legal and regulatory requirements. Prospective participants are strongly advised to conduct their own due diligence and seek independent advice from licensed financial advisors or legal counsel prior to engaging in any investment, trading, or governance-related activities.

Seraph Foundation disclaims any and all representations or warranties regarding the future performance, value, or viability of the $SERAPH. Furthermore, the use of $SERAPH may involve risks inherent in blockchain technologies and digital assets, which participants will assume at their own risk.