OpenSea announced the postponement of the SEA token issuance, and the new issuance date has not yet been announced
OpenSea CEO Devin Finzer posted, "Latest update on SEA: The team has been pushing forward with development at full speed, with the initial plan to launch the first step during the event on March 30, but the OpenSea Foundation has decided to postpone the timeline. The reality is that the entire crypto market environment is currently quite challenging, and SEA will only be issued once. We can either force the release according to the original plan or ensure that all aspects are fully prepared so that this release lives up to the community's expectations. The following measures will be taken:
No new reward waves will be conducted; the current reward wave will be the last round. Refund of platform fees is optional: Given our initial commitment to launch in Q1, we will offer a refund of platform fees (only for the portion we collected) to users participating in reward waves 3--6. If a refund is chosen, the Treasures rewards obtained during the corresponding period will be removed from the account. If a refund is claimed along with the Treasure Chest rewards, it essentially means that the transaction fees during this period will be borne by us. The specific process will be announced later.
Existing Treasures remain valid: If users continue to hold Treasures, the foundation's previous commitment remains valid: they will be an important reference at TGE. This is independent of the token distribution from historical events. Starting March 31, OpenSea will reduce platform token trading fees to 0% for 60 days. After 60 days, we will introduce a new fee structure that makes fees more competitive for long-term trading users. Last year, we announced plans too early, leading to unnecessary uncertainty in the market. Therefore, when the foundation announces a new timeline, it will be clearer and more cautious."
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