Want To Grab Some Bitcoins? Here's How Seasonal Tokens Could Help You With That

Now that the much-anticipated Bitcoin halving of 2024 is in the rearview mirror, many miners are wondering what's next. After the halving in April this year, the reward for completing blocks on the Bitcoin blockchain was slashed in half from 6.25 BTC to 3.125 BTC, making the viability of this endeavor more difficult and less profitable for many miners. 

Given the challenging nature of Bitcoin mining, miners might want to consider obtaining more BTC another way. Seasonal Tokens is a project comprising four cryptocurrencies – Spring, Summer, Autumn and Winter – each of which is produced by proof-of-work mining, like Bitcoin. Incidentally, Seasonal Tokens has a halving event right around the corner. As a result, it could potentially be a good time for miners and investors alike to increase their chances for profitability while participating in the Seasonal Tokens lifecycle. They are celebrating this event by giving FREE tokens to all readers of this article. 

Click here to get yours (there is no catch, you'll get real tokens with real value)

Halving Dynamics 

Proof-of-work is a consensus algorithm in which miners rely on computational power to solve complicated problems and secure the blockchain, in exchange for which they are rewarded with more coins. When a halving event occurs, the coin supply is halved alongside the size of the reward that miners earn.

Halvings affect no one more than the miners themselves, owing to the fact that the mining reward is reduced by 50% at this juncture. As of this year, Bitcoin mining profitability hit a bottom, falling to $203,000 per block completed on the blockchain compared with $406,000 prior to the halving, resulting in lower BTC rewards for miners.  

While profits have been diminished, the cost of production — including electricity and the maintenance of expensive mining equipment — to miners continues rising, essentially doubling as a consequence of the change in supply. 

After Bitcoin's 2020 halving event, the BTC price rallied, allowing miners to rake in profits while new miners were incentivized to join the fray. But this hasn't been the case following the April 2024 halving, as a result of which many miners are essentially falling by the wayside. Hence, mining events are also like shakeouts in the cryptocurrency industry in which the weaker hands abandon ship due to insolvency or simply becoming unable to afford the lifestyle.

However, the emerging cryptocurrency project Seasonal Tokens has made it affordable for miners to continue doing what they do best even after halving events. With Seasonal Tokens, miners may not have to lose sleep about going bankrupt after every halving, which is important considering these tokens experience halvings once every nine months. That's because Seasonal Tokens has figured out a way to make token supply control the token economy. Not only are miners rewarded with more Seasonal Tokens that they can trade, but they can also exchange those cryptocurrencies for more Bitcoin. 

Seasonal Mining Cycle 

Seasonal Tokens has its next main event planned for September, when the Winter halving will occur. The Winter halving marks three years since Seasonal Tokens was launched, and it also represents their first full cycle, as mining commenced in September 2021. 

At that time, the project's Spring cryptocurrency boasted the fastest production speed and highest supply of any of the four Seasonal Tokens. But as the project's maiden cycle reaches completion, conditions have changed, and the number of coins across all four seasons is more closely aligned. 

Image courtesy of Seasonal Tokens

Given the cycling nature of Seasonal Mining, miners are not at the same risk of going belly up in terms of their number of tokens in the wake of a halving as they have historically been with Bitcoin. This is due to the fact that with Seasonal Tokens, miners need only switch from one token to another out of the group of four. 

For example, following the Spring halving in mid-2022, Seasonal Tokens reports that miners quickly realized that continuing to mine this cryptocurrency was a losing game, as it became unprofitable due to changes in supply/demand dynamics. As a result, they simply switched to mining one of the other Seasonal Tokens – Summer, Autumn or Winter – until mining Spring became a more economically sound proposition. This cycling is unique to the Seasonal Tokens project and is what makes it stand out from other proof-of-work cryptocurrencies. 

At the Spring halving in 2022, investors were presented with a buying opportunity in Spring tokens. Following the halving event, the price of the Spring token fell due to a supply glut, as the market had yet to catch up with the new scarcity of that token from the halving. In response, investors traded their other Seasonal Tokens for Spring. 

So, investors added to their tally of Spring tokens, in turn driving the token price higher. This benefited miners, making it more desirable to resume mining the Spring tokens once again, as they are rewarded for their efforts with more Spring coins. In addition to supporting the mining process by buying more Spring tokens, investors position themselves to potentially be rewarded with a rising Spring token price. 

Converting Seasonal Tokens Into Bitcoin 

Given the cyclical nature of Seasonal Tokens halvings, investors can harness this supply-driven pricing predictability for greater profits. Investors can use their Seasonal tokens, including Spring, Summer, Autumn and Winter, to increase their Bitcoin holdings. And they won't need to reach into their wallet — digital or otherwise — to do so nor risk losing their holdings. 

To do this, they will need to use a quasi-decentralized blockchain network like Polygon that supports assets known as Wrapped Bitcoins, which can be traded for actual Bitcoins at a 1:1 ratio on centralized cryptocurrency exchanges like Coinbase, for example. Polygon is an attractive network for many because transaction fees, known as gas fees, are low. There are multiple steps involved in this process. 

1. Trade tokens for more tokens:

Let's suppose that we start with 10,000 Autumn tokens and that we have an opportunity to swap Autumn tokens for Summer at an exchange rate of 1.1 We can go ahead with that swap inside MetaMask, and afterward, we'll have approximately 11,000 Summer tokens.

2. Swap the Excess Tokens for Wrapped BTC:

With 11,000 Summer tokens, we have 1000 more Seasonal Tokens than we started with. We can swap 1000 Summer tokens for Wrapped Bitcoin inside MetaMask. This will give us about $5 in Wrapped BTC at the time of this writing.  

So we started with 10,000 Seasonal Tokens and no BTC, and now we have 10,000 Seasonal Tokens and some Wrapped Bitcoin.

3. Repeat:

Let's suppose that, after a bit of waiting, the Summer/Spring rate is 1.1 and we can swap the 10,000 Summer tokens for 11,000 Spring tokens. After that, we can swap 1,000 Spring tokens for Wrapped BTC, and we'll get a little less than $5 worth of Wrapped Bitcoin, and our wallet will then contain 10,000 Spring tokens and around $10 worth of Wrapped Bitcoin.

By following this procedure, we'll always have 10,000 Seasonal Tokens in the wallet and the Wrapped Bitcoin balance can increase with every trade, potentially providing an ongoing income in Bitcoins.

Seasonal Tokens has flipped the script for cryptocurrency investors and miners alike, proving that prices can be controlled by mining supply. Investors and miners who are interested in participating in this approach to wealth creation could participate in their SPECIAL campaign for Benzinga readers. 

Click on this link to learn more (no catch, just real FREE tokens sent to your wallet)

Featured photo by The Seasonal Tokens Community (Foxeane).

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.