We have been hard at work building new ways for players to earn more rewards across the Seascape ecosystem and are proud to announce Seascape Crowns (CWS) locking is now live!
What is Locking?
Locking is a new mechanic to earn interest on your CWS tokens by locking them into the Seascape ecosystem. Interest on locked CWS is earned in PermaPoints, which can be deployed across the growing Seascape ecosystem.
CWS holders provide liquidity to the broader Seascape ecosystem, which can be redeployed into new projects, and for doing so, you are rewarded with PermaPoints. Your reward will vary based on the length of the locking period you opt for, and once the locking period ends, your CWS tokens will be released back to you. Now let’s dive into a step-by-step guide so you know exactly how to lock – and unlock – your CWS tokens.
How to Lock CWS
**The CWS locking mechanic is exclusive to the BNB Chain.
Step 1 - Go to Loyalty Center
Head over to the Seascape Loyalty Center
Step 2 - Connect Your Wallet
Sign in and connect your preferred wallet
Step 3 - Select the CWS Locking Tab
Step 4 - Define Parameters
Select how many CWS tokens you would like to lock and the duration period.
Locking durations are fixed at 4 weeks, 13 weeks, 26 weeks, and 52 weeks.
*Remember, once the tokens are locked, you won't be able to access them again until the locking period has ended.
Step 5 - Confirm
This is a final confirmation and will display the return of PermaPoints that will be earned over the duration of your lock-up.
Step 6 - Wallet Confirmation
You will receive a notification from your wallet provider asking you to affirm that the spending transaction of CWS tokens is correct.
Step 7 - Final Confirmation
After confirming the transaction for spending CWS, a final wallet pop-up will appear.
Confirm this transaction to lock your CWS and get PermaPoints.
Congratulations! You have successfully locked your CWS tokens.
Unlocking
After the locking period has ended, an unlock tab will appear on the locking screen. At the bottom, there will be an unlock button.
Click on it to withdraw your CWS tokens, and confirm the transaction inside your wallet.
IMPORTANT: for the first 90 days for locking your CWS you will receive x2 permapoints