Introduction

Bitcoin still remains the most significant cryptocurrency since the invention of cryptocurrency, and for the first time, a token has been issued on its blockchain or protocol called the RGB++ protocol.

The RGB++ protocol is designed as a Layer 1 asset issuance protocol on the Bitcoin blockchain. It allows users to issue crypto assets on the most secure blockchain, the Bitcoin blockchain, which has the most robust consensus.

The first token launched on this protocol is the SEAL token. What is the SEAL token, and what is its background and history? This article will answer all these questions and also analyze the price change of SEAL tokens on CoinEx.

What Is SEAL?

SEAL is the first token on the RGB++ protocol and is the first decentralized exchange (DEX) of the RGB++ protocol. The project is created to celebrate the launch of the alpha version of the RGB++ protocol.

The SEAL token can be freely minted and circulated. Seal is also the platform token used by the seal2earn.xyz launchpad and users can stake the token to earn tokens from new initiatives.

This launchpad is a platform project led by Seal developers. Guided by the principle of “Build by Seal, Governed by Seal, Owned by Seal,” it has drawn many experienced developers from the BTC ecosystem to contribute to its development.

Background and History of Seal

The Seal project was launched in April 2024, and it was led by some developers called “Seal developers”.

Since the launch of the SEAL token, many in the crypto community have find it so appealing due to their staking opportunity, where one can stake the SEAL token and earn Stable++ coins, a decentralized, permissionless stablecoin based on RGB++.

Because of this fantastic opportunity, nearly $8 million has been locked across two pools, and 40% of SEAL tokens are now staked, which is a huge milestone because SEAL token was launched just four months back.

The SEAL token has a total circulation of 21 million, and 70% of this will be airdropped to users.

The Price Change of SEAL Token on CoinEx

The SEAL token was listed on the CoinEx platform on August 20, 2024, and it has been made available for trading, deposit, and withdrawal.

The SEAL token has a total market cap of over $20 million with a daily trading volume of $36k. Since it has been listed on the CoinEx platform, there have not been any notable price changes in the SEAL token as it was just listed a day ago as of the time of writing this article, August 21, 2024.

Apart from the general influence of the crypto market, some factors influencing the SEAL token include the number of individuals who are staking the SEAL token to get a reward in the form of Stable++ coins.

Another vital influence of the SEAL token is the adoption of the RGB++ protocol. The SEAL token is the first token to be launched in the RGB++ protocol, and as more tokens are launched in this protocol, the price changes of the SEAL token will be influenced.

Overview

*This article does not constitute investment advice.

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