Seed (SED) is a cryptocurrency created by the LiveTree team in early 2018. Cryptocurrencies are digital currencies used as a medium of exchange. Cryptography is used to verify transactions and monitor the creation and movement of units. Cryptocurrencies use decentralised control, managed by a distributed network of nodes across the world, unlike traditional currencies, which rely on centralised control from governments and banks.
Seed tokens can be used throughout the LiveTree platform for a wide range of functions. LiveTree TV users can pay their monthly subscriptions with Seed tokens at a valuation of one Seed to one US dollar. Crucially, Seed tokens are used to back new projects. LiveTree users can put as many Seed tokens as they like into individual projects or an entire catalogue presented by a community. The project’s revenues are then converted into Seed and distributed proportionally to all of its backers.
Seed can be traded on all major cryptocurrency exchanges.