<h2>Project overview</h2><p>On the 24th of May, SeatlabNFT will host an IDO on Skyward. The $SEAT token is the SeatlabNFT platform's native utility token, providing holders with a variety of perks.</p><p>Anyone with $SEAT will be able to take advantage of a reduced buyer's fee structure. When acquiring NFTs on their platform, customers are charged a 5% fee by default; however, this fee is being reduced for $SEAT holders in proportion to the quantity of tokens they own.</p><p>Seatlab will implement a staking system. Anyone who invests in $SEAT will be entitled to half of all buyer fees earned. Staking rewards will always account for half of all platform fees.</p><p>That's not all, though. Holders will also be able to redeem unique NFT prizes, free event tickets, and other in-person experiences. This is accomplished using a tiered rewards matrix that grants holders access to various benefits based on the number of tokens owned and the length of time they have been held.</p><h2>IDO details</h2><h3>Token information</h3><ul><li><p>Token name: SEAT</p></li><li><p>Token symbol:&nbsp;$SEAT</p></li></ul><h3>IDO details</h3><ul><li><p>Chain:&nbsp;NEAR Protocol</p></li><li><p>IDO price:&nbsp;1 SEAT = 0.05 USD</p></li><li><p>Fundraising Goal: 4,225,000 TOKEN</p></li><li><p>Total Tokens: 845,000,000</p></li><li><p>Available for Token Sale: 19,5%</p></li></ul><h3>IDO timeline</h3><ul><li><p>24 – 30 May, 2022</p></li><li><p><strong>Whitelist schedule:</strong> TBU</p></li></ul><p>More details:&nbsp;<a href="https://seatlabnft.medium.com/" target="_blank" rel="nofollow" class="">https://seatlabnft.medium.com/</a></p><div class="pr-block-special"><strong>Disclaimer:</strong><br>This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

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SeatlabNFT IDO starts 24th May