Seascape Announces Launch of First Tokenized BNB Treasury Strategy on Binance Smart Chain

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Seascape Announces Launch of First Tokenized BNB Treasury Strategy on Binance Smart Chain

Seascape Foundation, a pioneer in Web3 gaming and blockchain-based economies, has announced today that it has launched its BNB treasury strategy on the Binance Smart Chain.

Marking a major milestone for the company, the move propels Seascape to enter the next phase of its long-term evolution into a scalable player-driven gaming and digital asset powerhouse.

While the Seascape Foundation received support in its early years by a seed investment from Binance, Seascape is one of the first projects that helped define what blockchain gaming could be.

Impressively, Seascape has continued to build and evolve while many projects from that era have failed or vanished. Notably, the foundation has delivered a strong ecosystem, successful products, and an engaged global community.

Amid its continued development and resilience, Seascape is introducing an innovative and forward-looking treasury strategy anchored in BNB.

Seascape introduces new BNB treasury strategy

According to the announcement, the new strategy is inspired by treasury models employed by the likes of MicroStrategy and Metaplanet, with Seascape determined to become the largest on-chain BNB treasury protocol anchored on the BNB Network.

Currently, the foundation has secured 100 BNB and 1,000,000 CWS tokens, ensuring that at least 70% of treasury assets remain in cold storage at all times, while the remaining funds are deployed to maximize BNB performance securely. More so, up to 30% of treasury is deployable for exchange activities, liquidity management, or financing opportunities.

Furthermore, the Seascape Foundation has revealed plans to focus on continuously growing its BNB reserves, expanding community initiatives, and introducing innovative products that align with its treasury strategy.

In a bid to continue growing the treasury, the team is exploring opportunities to acquire additional BNB through a mix of market activity and OTC deals, while also developing community-driven programs to broaden awareness and adoption of $CWS and $BNB.

Seascape also revealed that it is evaluating the expansion of its treasury model onto BNB Smart Chain through smart contract integrations, with the aim of building the most innovative on-chain treasury framework for Web3 protocols.