OpenSea issues coin postponed again, how to adjust the profit-taking script?

robot
Abstract generation in progress

Original Title: “OpenSea Issues Coin Postponed Again, How to Adjust the Profit-Taking Script?” Original Author: Asher, Odaily

Original author: Odaily

Source text:

Reprint: Odaily

I thought OpenSea was going to issue coin soon, but unexpectedly they organized a final reward event before the TGE, which was split into multiple phases: Wave 1 has just ended, and Wave 2 has already launched.

According to official information, since the last reward activity before the TGE went live, the platform's total trading volume has exceeded 2 billion USD. Therefore, the rewards for Wave 1 currently include NFTs and tokens worth 12.2 million USD, which have been distributed. In addition, Wave 2 has started on October 15 and will continue until November 15, with 50% of the platform fees being used to fund the new reward pool, along with an initial prize pool of 1 million USD worth of OP, SOMI, and ETH tokens.

What disappointed the community is that the rewards in Wave 1 phase are almost unable to break even, only different levels of badges were issued, hoping to exchange more SEA tokens during the TGE. Taking the Amethyst-level treasure chest, which costs over 310 dollars, as an example, the value of the airdropped tokens in its opening rewards is only about 110 dollars, far below the players' investment cost, resulting in a seriously insufficient return rate.

Moreover, the situation with other tiered treasure chests is similar— the rewards for high-cost investments are generally low in value, and the practicality of the badges and the quantity of SEA tokens for subsequent redemption remain uncertain. This means that even if players actively participate in “opening treasure chests,” the actual earnings may not cover the costs in the long term, posing a risk of being counter-productive.

According to the data, user enthusiasm for the “Treasure Box” event has clearly declined, and many have chosen to abandon participation in the Wave 2 reward activity. On-chain data shows that since the end of the Wave 1 reward distribution, the Swap trading volume on the OpenSea platform has experienced a sharp decline, indicating a significant decrease in market activity.

It is not difficult to see that OpenSea's reward design before the TGE not only failed to effectively incentivize community participation but also led to a decline in activity, showing the community's dissatisfaction and resistance to its incentive mechanism.

So, after missing countless opportunities to issue coins, when will OpenSea actually conduct its TGE?

OpenSea CEO: Plans to launch SEA token in Q1 2026

Yesterday, OpenSea CEO Devin Finzer posted on the X platform that they plan to launch the SEA token in Q1 2026. The introduction of SEA will provide users with more ways to utilize it, including staking functionality, allowing users to stake SEA behind their favorite coins and collectibles. Additionally, there are a few points in the statement worth noting:

· TGE airdrop tokens are only 50% unlocked. 50% of the total supply of SEA will be allocated to the community, with the initial claim unlocking 50%.

The last reward activity before participating in the TGE will be given special consideration during the TGE, but there is no explicit commitment. Users participating in the OpenSea reward program and OG users will be given special consideration.

· 50% of the revenue from the OpenSea platform will be used to purchase SEA at TGE, aimed at ensuring the value of the token and the healthy development of the ecosystem.

In addition, according to community feedback, OpenSea may launch perpetual contract features soon, which may be included in the new rewards program, allowing users to earn points and receive airdrops by “brushing trading volume.”

Pay appropriate attention, control wear and tear, and don't have too high expectations.

The current NFT ecosystem has become a stagnant pool, and it is likely that very few truly believe that OpenSea issuing coins can bring about a “second rise,” let alone reshape the future of the NFT market. More people tend to believe that OpenSea is here to drain the last bit of liquidity from the NFT sector.

At the same time, OpenSea continues to PUA users and does not easily allow the “毛党” to earn this last liquidity. The issuance of coins is constantly being postponed; even if the official statement plans to issue coins in Q1 2026, it may be delayed until the end of the quarter, or even various bizarre reasons for further postponements.

Therefore, for the recently concluded TGE's last reward activity Wave 1 phase, the profit from opening treasure chests is likely to be low. Although participants can exchange tokens using badges during the TGE, there are two major risks: first, the return period is relatively long; second, a large number of similar tasks may appear from now until the TGE, leading to a decline in the value of badges, and the final profit may be reduced.

Overall, this type of activity can be moderately participated in, but it is essential to control costs and wear, and not to have overly high expectations. Imagine: “During OpenSea's peak, they didn't issue coins, and even thought about going public, they didn't care about users at all; now that it's come to an end, they can't even take care of themselves, how could airdrops possibly come to you?”

OP0.17%
SOMI1.99%
ETH-0.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)