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Seasonal Tokens Mining Supply is the hearth of the project. Scheduled halvings in the number of tokens per reward are the main driving force causing the relative price oscillations.
You can check out the mining statistics in the website's [https://seasonaltokens.org/mining Mining Page]


[[File:ST WINTER HALVING.jpg|1000px]]
[[File:Mining2025.png|800px]]


[[File:Tokensperrewardsep2024.png |400px |left]]
When the mining supply gets cut in half you will see it in the mining page:


=Winter Halving Facts=
[[File:Tokensperrewardsep2024.png |500px]]


* On September 04 2024 the mining supply of Winter tokens is cut in half.
=Mining Pool Statistics=
* Instead of 105 tokens every ten minutes, only 52.5 Winter tokens will be produced every ten minutes.
* This effectively doubles the cost of production of Winter tokens.
* As a result, mining Winter tokens will become unprofitable overnight.
* This puts upward pressure on the price of Winter tokens relative to the other 3.


=What do We Expect After the Halving?=
The mining page shows how many tokens have been mined so far, the token proportions, the mining difficulty in Tera Hashes per second, the Seasonal Tokens Mining Pool hashrate, the total hashrate and the number of tokens per reward. On average, every ten minutes a miner finds a reward.


The halving of mining supply has happened already three times in Seasonal Tokens.  
The total hashrate takes into account mining done outside the Seasonal Tokens mining pool, showing that there are people somewhere mining the tokens.


On June 2022 the mining supply of Spring tokens was cut in half.
Spring was the cheapest token of the four, and few months later it was the most expensive of the four.


On March 2023 the mining supply of Summer tokens was reduced from 140 to only 70 Summer tokens every ten minutes. Summer was the cheapest token, and few months later it became
=What do We Expect After the Halving?=
the most expensive of the four.


On December 2023 the mining supply of Autumn tokens was reduced from 120 to 60 tokens every ten minutes on average. And few months later Autumn became the most expensive of the four tokens.
Over four years of data show that shortly after the halving of mining supply, the fastest token to produce starts to rise in price relative to the other 3 tokens:


[[File:HistoricalRelPrice.png |1000px]]
[[File:HistoricalRelPrice.png |800px]]


Therefore, we expect that few months after the Autumn halving Winter will go from being the cheapest of the four tokens to be the most expensive.


=Number of Tokens per Reward=
=Number of Tokens per Reward=
Line 40: Line 34:
| September || 2021 || 168 || 140 || 120 || 105
| September || 2021 || 168 || 140 || 120 || 105
|-
|-
| June || 2022 || 84 || 140 || 120 || 105
| June 5|| 2022 || 84 || 140 || 120 || 105
|-
| March 5|| 2023 || 84 || 70 || 120 || 105
|-
| December 5|| 2023 || 84 || 70 || 60 || 105
|-
| September 4|| 2024 || 84 || 70 || 60 || 52.5
|-
| June 5|| 2025 || 42 || 70 || 60 || 52.5
|-
|-
| March || 2023 || 84 || 70 || 120 || 105
| March 5|| 2026 || 42 || 35 || 60 || 52.5
|-
|-
| December || 2023 || 84 || 70 || 60 || 105
| December 5|| 2026 || 42 || 35 || 30 || 52.5
|-
|-
| September || 2024 || 84 || 70 || 60 || 52.5
| September 4|| 2027 || 42 || 35 || 30 || 26.25
|-
|-
| June || 2025 || 42 || 70 || 60 || 52.5
| June 4|| 2028 || 21 || 35 || 30 || 26.25
|}
|}


=Bitcoin Economic Design Running on the Ethereum network=
=Token Economics=
 
[[ File:Btc icon.png |150px |left]]
 
Seasonal Tokens design is based on key observations about the way Bitcoin evolved over time. Basically, the mean feature borrowed from Bitcoin's design is the use of proof of work. In Bitcoin, PoW is used in the consensus mechanism for keeping the distributed database. But Proof of Work goes beyond that, it solves many problems at once:
 
# Self Sufficient, no management involved.
# Decentralized, the smart contracts run autonomously on the Ethereum blockchain.
# Scarce, there is a finite maximum number of coins.
# Fair Initial Distribution of coins.
 
Proof of Work mining is necessary for Seasonal Tokens design, because it gives a real cost of production for the tokens (together with ETH minting fees). This is what anchors the token's prices to the real economy, and it is the handle that allows the relative token's prices to oscillate around each other. But the decentralization and security is the same as Ethereum's, because Seasonal Tokens are parts of the Ethereum blockchain.
 
The halving of mining supply every 3 years in Seasonal Tokens (every 4 years in Bitcoin) also is a way to have an absolute maximum number of tokens produced.
 
The fact that there is a finite number of coins is a necessary condition to make it valuable. Once all the coins are produced these digital assets are not subject to inflation.
Nobody can produce them out of thin air de-valuating the asset.
 
[[ File:Ethereum.png |300px]]
 
=Seasonal Tokens Relative Price Mechanism is Independent of Dollar prices=
 
[[File:ST logo 3D02.png|150px |left]]
 
Seasonal Tokens were launched at the highest point of Bitcoin's bull market, shortly after that the bear market started, and the dollar prices of most altcoins have been falling for over two years at the time of this writing. As the 2024 Bitcoin halving approaches, the Bitcoin and Ethereum markets begin to show some signs of recovery.
 
The relative price graph shows clearly that the price mechanism is working as designed, but you can see it working in the dollar prices as well. In the following chart, notice how Spring became the most expensive of the four tokens months after the halving of mining supply. And then Summer's price started to rise relative to the other 3 tokens after the Summer halving. (The chart shows the prices in ETH not in dollars)
 
[[File:STdollarprices.png|600px]]
 
If we zoom into the last portion of the graph you can see that few months after the halving of Summer mining supply, Summer went from being the cheapest of the four tokens, to be the most expensive of the four.
 
[[File:StDollarPricesZoom.png|600px]]


In this zoomed out graph you can see that after September 2023 the tokens prices begin to recover. This is due to the introduction of a new technology to solve the problem of price slippage that was preventing people from investing relatively larger sums of money. Let us finish this discussion about the Autumn halving by recapitulating the first two years of operation, and the future developments of the system.
Proof of work cryptocurrencies behave like commodities in the physical world. They have a real cost of production given by the energy required to produce them, equipment, maintenance, time, etc.
Seasonal Tokens are parts of the Ethereum blockchain, those "data structures" can't be copied, duplicated, forged, or created at will. You have to solve the proof of work to create them. And once created they will stay there as long as the Ethereum blockchain exists.


=Seasonal Tokens Ecosystem=
==Theoretical Price==


The Seasonal Tokens smart contracts operate autonomously on the Ethereum network. And a fraction of the tokens are wrapped in the Polygon network to reduce the cost of operation.
Every ten minutes on average a reward is produced, all rewards have the same cost of production (on average), but they have different numbers of tokens per reward. If we call "C" the cost of production per reward and "R" the number of tokens per reward, then the cost of production of tokens is: C/R This is what is called "theoretical price". It is the price tokens would have if only the cost of production is taken into account.
However there are parts of the ecosystem that lie outside the smart contracts. For example:


* Mining the Tokens.
Prices are the result of combining the supply and demand, and they may be very different from this theoretical values.  
* Providing Liquidity to the Decentralized Markets.
* Trading tokens for more Tokens.


These factors are independent of the smart contracts themselves, and must be addressed independently.
The Relative Price Chart displays the relative prices as solid lines, and the theoretical relative prices as dashed lines. Plotting the relative prices has the advantage that it eliminates external factors and leaves only the differences coming from the differences in the number of tokens per reward.


[[File:STEcosystem.jpg|400px]]
==Mining Time==


Following Bitcoin's design, the way to solve these problems in a trust-less, decentralized way is to introduce economic advantages in the design in such a way that users will be rewarded economically
Another useful way to visualize the token's value is to think about "mining time", since all rewards have the same cost of production (on average), and they are produced every 10 minutes (on average),
if they perform the tasks necessary for the ecosystem to work efficiently.  
then the tokens that take longer to produce are the most valuable in terms of energy.


The Seasonal Tokens ecosystem extends beyond the smart contracts and involves technical solutions to the problems posed by the
Mining time is directly related to how much energy is employed in the production of tokens. If we call "R" the number of tokens per reward, then the mining time is = 600 sec/R
establishment of a new set of cryptocurrencies.  
mining time is proportional to the theoretical price. Both numbers capture the cost of production in terms of energy.


* The main problem of decentralization and security is solved by running on the Ethereum network.  
Theoretical prices involve the cost of production "C" , which depends on the equipment used, the cost of electricity and other factors. But mining time is a conceptually simpler way to think about the energy cost of producing the tokens.


* The problem of large fees cutting the profits is solved by using the Polygon network technology.
=How to Mine Seasonal Tokens?=


* The problem of having miners at the beginning of the project was solved by creating the Seasonal Tokens Mining Pool, that gives an economic advantage over solo mining.  
Seasonal Tokens can be mined using graphic cards, and that is how they started of life in 2021. That gave them a high cost of production and that is the reason why the liquidity pools were initialized at such prices. Soon after that people found ways to mine the tokens using special dedicated machines, such as the "Black Miner" FPGA, which can produce tokens a lot faster (and cheaper). After those machines started mining, it became unprofitable to mine using graphics cards. But still it is possible.


* The problem of providing liquidity to the markets was solved by creating the Seasonal Tokens Farms that provide a passive income to liquidity providers besides the
For the historical records, here is the guide to mine tokens with graphic cards:
income coming from Uniswap V3. This is very important because the Uniswap income depends on the number of transactions, and at the beginning of a project there are not very many transactions.


[https://seasonaltokens.org/static/assets/docs/Seasonal_How-To_Guide_V4.pdf  How To Guides]


And last but not least is the problem of price slippage. Since all projects start small, the liquidity pools are subject to large changes in price when somebody buys or sells tokens.
This problem was solved on September 2023 introducing the Investors Club Bot, a technology that effectively eliminates the competition among investors and uses the most efficient way of purchasing the tokens,
producing a steady price rise, freeing investors from the task of monitoring the markets and deal with price slippage.


You can learn more about the future of Seasonal Tokens visiting this page:
[[ File:Blackminer 01.jpg|200px]]


[[Road Map | Road Map ]]
Hash Altcoin BlackMiner F1

Latest revision as of 22:03, 5 December 2025

Seasonal Tokens Mining Supply is the hearth of the project. Scheduled halvings in the number of tokens per reward are the main driving force causing the relative price oscillations. You can check out the mining statistics in the website's Mining Page

Mining2025.png

When the mining supply gets cut in half you will see it in the mining page:

Tokensperrewardsep2024.png

Mining Pool Statistics

The mining page shows how many tokens have been mined so far, the token proportions, the mining difficulty in Tera Hashes per second, the Seasonal Tokens Mining Pool hashrate, the total hashrate and the number of tokens per reward. On average, every ten minutes a miner finds a reward.

The total hashrate takes into account mining done outside the Seasonal Tokens mining pool, showing that there are people somewhere mining the tokens.


What do We Expect After the Halving?

Over four years of data show that shortly after the halving of mining supply, the fastest token to produce starts to rise in price relative to the other 3 tokens:

HistoricalRelPrice.png


Number of Tokens per Reward

Every ten minutes on average a miner finds a solution to the proof of work challenge and receives a reward in tokens. There are 144 rewards per day.

Mining Supply
Month Year Spring Summer Autumn Winter
September 2021 168 140 120 105
June 5 2022 84 140 120 105
March 5 2023 84 70 120 105
December 5 2023 84 70 60 105
September 4 2024 84 70 60 52.5
June 5 2025 42 70 60 52.5
March 5 2026 42 35 60 52.5
December 5 2026 42 35 30 52.5
September 4 2027 42 35 30 26.25
June 4 2028 21 35 30 26.25

Token Economics

Proof of work cryptocurrencies behave like commodities in the physical world. They have a real cost of production given by the energy required to produce them, equipment, maintenance, time, etc. Seasonal Tokens are parts of the Ethereum blockchain, those "data structures" can't be copied, duplicated, forged, or created at will. You have to solve the proof of work to create them. And once created they will stay there as long as the Ethereum blockchain exists.

Theoretical Price

Every ten minutes on average a reward is produced, all rewards have the same cost of production (on average), but they have different numbers of tokens per reward. If we call "C" the cost of production per reward and "R" the number of tokens per reward, then the cost of production of tokens is: C/R This is what is called "theoretical price". It is the price tokens would have if only the cost of production is taken into account.

Prices are the result of combining the supply and demand, and they may be very different from this theoretical values.

The Relative Price Chart displays the relative prices as solid lines, and the theoretical relative prices as dashed lines. Plotting the relative prices has the advantage that it eliminates external factors and leaves only the differences coming from the differences in the number of tokens per reward.

Mining Time

Another useful way to visualize the token's value is to think about "mining time", since all rewards have the same cost of production (on average), and they are produced every 10 minutes (on average), then the tokens that take longer to produce are the most valuable in terms of energy.

Mining time is directly related to how much energy is employed in the production of tokens. If we call "R" the number of tokens per reward, then the mining time is = 600 sec/R mining time is proportional to the theoretical price. Both numbers capture the cost of production in terms of energy.

Theoretical prices involve the cost of production "C" , which depends on the equipment used, the cost of electricity and other factors. But mining time is a conceptually simpler way to think about the energy cost of producing the tokens.

How to Mine Seasonal Tokens?

Seasonal Tokens can be mined using graphic cards, and that is how they started of life in 2021. That gave them a high cost of production and that is the reason why the liquidity pools were initialized at such prices. Soon after that people found ways to mine the tokens using special dedicated machines, such as the "Black Miner" FPGA, which can produce tokens a lot faster (and cheaper). After those machines started mining, it became unprofitable to mine using graphics cards. But still it is possible.

For the historical records, here is the guide to mine tokens with graphic cards:

How To Guides


Blackminer 01.jpg

Hash Altcoin BlackMiner F1

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