and the distribution of digital products.
Seraph: TGE and Beyond
- SERAPH TGE, on Jan. 6, 2025, coincided with the launch of Genesis Season 1, integrating SERAPH directly into the game's economy and reward systems. This simultaneous launch fostered player engagement and established a foundation for a player-driven economy.
- Over 40% of SERAPH’s supply is set to be used for Community Airdrops and Incentives. SERAPH is designed to unlock game features, craft items, access exclusive events in-game, and more.
- Since the launch of Genesis Season 1, Seraph has demonstrated high community engagement by consistently ranking as a top application on DappRadar. As of March 5, 2025, Seraph is the fourth-highest-ranked gaming dApp and 14th-highest overall.
- Seraph Season 2, which started on March 7, 2025, will have a prize pool of 50 BNB plus 6.1 million SERAPH.
Seraph is a blockchain-based action role-playing game (ARPG) developed by Seraph Studio. Inspired by classic loot-focused ARPGs, Seraph offers players an immersive experience as they embark on quests, uncover hidden treasures, and craft equipment. Seraph is a free-to-play game incorporating play-and-earn elements, allowing players to earn rewards via gameplay challenges.
Seraph Studios bridges traditional gaming with Web3 technology. By combining extensive gaming industry knowledge and scalability expertise with a native Web3 team, Seraph is uniquely positioned to showcase the real-time benefits blockchain technology offers the gaming community.
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Overview of Seraph’s TGESeraph's Token Generation Event (TGE), held on Jan. 6, 2025, marked a pivotal moment in the project's trajectory, establishing the foundation for its ARPG ecosystem. The TGE coincided with the launch of Seraph's inaugural season, Season 1, intertwining the introduction of the SERAPH token with the commencement of the in-game economy and reward systems. This simultaneous launch underscores Seraph's commitment to creating a player-centric ecosystem where community engagement and in-game activity are directly rewarded. Salus audited the SERAPH token contract, which was supported across many exchange listings, such as Bybit, KuCoin, HashKey, MEXC, and LBank.
SERAPH Token DistributionSeraph implemented a multi-faceted approach to its token distribution, reflecting its commitment to community engagement and long-term sustainability. A total of 1 billion SERAPH were allocated across various stakeholders:
- Community Airdrops and Incentives (40.50%): This includes rewards for existing NFT holders, active players, and ongoing incentive programs.
- Core Contributors (18.00%): The core team’s allocation is subject to a one-year cliff followed by linear monthly vesting over three years. The advisors’ allocation is subject to a six-month cliff followed by linear monthly vesting over three and a half years.
- Investors (6.42%): This allocation is subject to a one-year cliff followed by linear monthly vesting over three years.
- Foundation (17.00%): This reserve fund is earmarked for future development, exchange listings, strategic partnerships, and developing Seraph 2.
- Ecosystem Development and Marketing (18.08%): This allocation supports essential activities such as cross-chain deployments, IP development, platform enhancements, liquidity provisioning, and marketing campaigns.
Several distribution mechanisms were employed during and after the TGE, including airdrops, claiming mechanisms, NFT Equipment decomposition, and Season 1 rewards. Holders of SOUL/SPP NFTs and Seraph Starry Journey (SSJ) NFTs received airdrops. Community users and testers could claim their rewards through a dedicated event page. SERAPH tokens were also distributed as rewards for various in-game activities, including ladder rankings, Chaos Dungeon contributions, Secret Prison participation, and Soul Spar utilization.
SERAPH Token UtilitySERAPH is designed to be used to unlock features, craft items, and facilitate participation within the game. To further increase the utility of SERAPH, it will also be used to:
- Reforge chaotic affixes for NFT Equipment each season.
- Reveal the attributes of NFT Equipment obtained through drops.
- Participate in unique opportunities, such as “Soul Spar” and “Equipment of Seraph” NFT drops.
- Engage in future community governance activities.
- SERAPH will be utilized for various in-game features, such as unlocking dungeon access, minting keys, and burning maps. By minting dungeon keys, players can farm Soul Spars without requiring NFT Equipment.
SERAPH opened trading on exchanges at $.03, but in most token launches, early price spikes are usually driven by market makers, low liquidity, and algorithmic trading rather than retail traders. Limited initial supply, institutional demand, and trading bots can rapidly push prices up before the broader market gains access. This is why, in the above chart, we mark the launch of SERAPH at ~$0.59. SERAPH launched at ~$0.59 and saw its value decrease for seven days until finding support at ~$0.15, a decrease of ~73.87%. Since the initial drawdown, SERAPH has danced around the $0.15 mark, even amid extreme overall market conditions.
SERAPH has had a total volume of ~$1.44 billion with a daily average volume of ~$8.28 million.
Genesis Season 1Genesis Season 1 marked the crystallization of Seraph's vision: a player-owned and community-driven ecosystem. SERAPH utility, including its use in reforging NFT equipment, revealing NFT stats, and facilitating player-versus-player Soul Spar events, is directly connected to core gameplay loops. Genesis Season 1 ended on Jan. 27, 2024.
During Season 1, SERAPH tokens were distributed via a variety of in-game events and rewards, fostering community engagement.
Season 1 Special EventFrom Jan. 29, 2025, to Feb. 5, 2025, Seraph held an event where 2 million SERAPH were awarded to players. Points were awarded to those that took specific actions and had certain conditions met with their NFT Equipment.
Season 2 PTRSeason 2, marked by the Public Test Realm (PTR) release on Feb. 26, 2025, ran until March 5, 2025. The PTR introduced in-game item adjustments, marketplace optimizations, dungeon optimizations, a new entrance or Secret Prison, and the return of the Druid. Another big update was the ability to earn Soul Spars, the in-game marketplace currency, without holding any NFT gear. Seraph's participation in the Steam Next Fest has also attracted interest from traditional gamers, further bridging the gap between mainstream gaming and blockchain technology.
Season 2 officially launched on March 6, 2025, with the largest prize pool for Seraph to date. The prize pool consists of 50 BNB plus 6.1 million SERAPH, which will be distributed to players who meet in-game criteria.
Closing SummarySERAPH’s TGE and the launch of Genesis Season 1 marked a significant milestone in the evolution of its blockchain-based ARPG ecosystem, establishing a strong foundation for player-driven engagement and economic activity. With over 40% of SERAPH’s supply allocated to community incentives and rewards, the project has prioritized long-term player participation and ecosystem growth. The game’s sustained success is evident in its high rankings on DappRadar, ongoing partnerships, and evolving token utility. As Season 2 unfolds with its largest prize pool to date, Seraph continues to push the boundaries of Web3 gaming and has a clear vision for growth.