Sesameseed: A multi-chain community platform for delegated governance and staking rewards

Hello friends! Today, let’s talk about a project that might be a bit confusing—Sesameseed. In the blockchain world, project names can sometimes be similar, or a project may go through multiple iterations and transformations. Regarding the name “Sesameseed,” I’ve found some interesting but clarifying information.

What is Sesameseed

The original Sesameseed was a very active “Super Representative” (SR) project on the TRON blockchain. You can think of the TRON blockchain as a ledger system maintained by many “bookkeepers”—these are the Super Representatives. They are responsible for packaging transactions, generating new blocks, and ensuring the security and efficient operation of the network.

As one of these key “bookkeepers,” Sesameseed’s main responsibility was to participate in TRON network governance, and through a consensus mechanism called “Delegated Proof of Stake” (DPoS), allow users who voted for it to share in the rewards it earned. Simply put, if you voted your TRON tokens (TRX) for Sesameseed, it would issue you a token called SEED as a reward.

However, based on the information I’ve gathered, the original Sesameseed project underwent a major change around 2021, which can be understood as a transformation or closure. At that time, the project team required users to migrate their SEED tokens to UNFI tokens on Binance Smart Chain (BSC), or risk asset loss. This means that if you look for the once-active Sesameseed on TRON now, it no longer exists in its original form.

Additionally, in the crypto space, there are other projects that use the abbreviation “SEED” or have “Seed” in their name:

• Seed DAO: This is a community-driven venture fund aimed at supporting early-stage Web3 projects through decentralized governance and token rewards. It has an accelerator program called “SEED Combinator” that provides funding, guidance, and a collaborative environment for emerging blockchain projects.
• Project SEED: This is a multi-chain gaming ecosystem covering game studios, GameFi (gamified finance), DAOs (decentralized autonomous organizations), esports, and growth programs.
• SEED (Private Investor Club): There is also a whitepaper released in 2023 describing a private investor club named “SEED,” which offers USDT (a USD-pegged stablecoin) staking services targeting a 3.7% monthly return.

So, when you hear “Sesameseed” or “SEED,” it’s important to clarify which project is being referred to. Since the user’s question specifically mentioned the name “Sesameseed” and requested an introduction to “a new blockchain project,” but there is currently no clear, up-to-date whitepaper for a “new Sesameseed” project, I will mainly provide background based on the original Sesameseed project and its evolution.

Project Vision and Value Proposition

For the original Sesameseed project, its vision was to provide a fair and transparent representative for delegated governance on the TRON network. It aimed to encourage more users to participate in blockchain network governance through a reward mechanism, allowing ordinary users to earn returns by voting, thereby promoting the decentralization of the TRON ecosystem.

Its value proposition included:

• Participatory Governance: Allowing TRX holders to easily participate in TRON network decision-making, rather than just being bystanders.
• Reward Sharing: Issuing SEED tokens to proportionally distribute the TRX rewards earned as a Super Representative to its voters.
• Transparency and Fairness: Committing to operate transparently and distribute rewards fairly.

Compared to similar projects (other TRON Super Representatives), Sesameseed’s distinguishing features were its reward mechanism and community engagement. It used SEED tokens as a voucher, allowing users to exchange them back for TRX, thus realizing voting rewards.

Technical Features

The original Sesameseed project itself did not develop a new blockchain, but operated based on the TRON blockchain architecture. Therefore, its technical features were mainly reflected in its participation and optimization of the TRON network consensus mechanism.

• Consensus Mechanism: TRON uses “Delegated Proof of Stake” (DPoS). You can think of it as a community electing representatives to manage public affairs. In this community, TRX holders can vote to elect 27 “Super Representatives.” These Super Representatives take turns generating new blocks, verifying transactions, and maintaining network security. Sesameseed was one of these 27 elected “representatives.”
• Smart Contracts: As part of the TRON ecosystem, Sesameseed also benefited from TRON’s smart contract functionality. Smart contracts are like automated protocols on the blockchain that execute automatically when certain conditions are met, without third-party intervention.
• Token Issuance: Sesameseed issued its own SEED token, which is a TRC-10 standard token. TRC-10 tokens are a native token standard on the TRON blockchain, similar to ERC-20 tokens on Ethereum, used to create and manage digital assets within the TRON ecosystem.

Tokenomics

The original Sesameseed project’s token was SEED.

• Token Symbol: SEED
• Issuing Chain: Originally issued on the TRON blockchain.
• Total Supply and Issuance Mechanism: According to information from 2018, Sesameseed created 100 billion SEED tokens with only 1024 TRX. This means the “physical” value of SEED was very low, but its value lay in the TRX backing and reward mechanism behind it.
• Token Utility: The main use of SEED tokens was as a reward for voting for the Sesameseed Super Representative. Users could earn SEED by voting TRX for Sesameseed. Subsequently, users could send SEED tokens back to Sesameseed to exchange for TRX at a 1:1 ratio.
• Inflation/Burn: The original documentation did not explicitly mention inflation or burn mechanisms, but its value was tied to TRX rewards.
• Current and Future Circulation: Since the project migrated in 2021, requiring users to exchange SEED for UNFI tokens, the circulation and value of the original SEED token on TRON have fundamentally changed. Platforms like CoinMarketCap show Sesameseed’s self-reported circulating supply as 0 SEED and market cap as $0, further confirming that its original form is no longer active.

Team, Governance, and Funding

Regarding the core team members of the original Sesameseed project, public information is limited. It was more often described as a community-driven project, maintained and developed by community members.

• Governance Mechanism: As a TRON Super Representative, Sesameseed’s governance mechanism was central. Through the DPoS consensus mechanism, voters indirectly participated in TRON network governance. Voters expressed trust and support by voting for Sesameseed, and Sesameseed represented their interests in network decisions.
• Funding: Sesameseed’s funding mainly came from block rewards and voting rewards earned as a TRON Super Representative. Part of these rewards were used for operations, and another part was distributed to voters in the form of SEED tokens.

Roadmap

Since the original Sesameseed project has transformed or is no longer active, its early roadmap and future plans are no longer applicable. The following are some key milestones based on available information:

• 2018: TRON mainnet launched, Sesameseed created the SEED token as one of the Super Representatives.
• 2018 to present: As a TRON Super Representative, continuously participated in TRON network block production and governance, and distributed SEED rewards to voters.
• August 2021: Project announced closure or transformation, requiring users to migrate SEED tokens to UNFI tokens on Binance Smart Chain, or face losses.

For future plans and milestones, since the original project has transformed, there is currently no clear future plan for the name “Sesameseed.” If users are interested in “Seed DAO” or “Project SEED” and other projects, they should refer to their respective official documentation.

Common Risk Reminders

For any blockchain project, especially those like Sesameseed that have undergone major transformations, there are various risks. Please note, the following is not investment advice, only risk reminders:

• Project Lifecycle Risk: The original Sesameseed project has transformed, meaning its original token may have lost value or require complex operations to migrate. Any project’s continued operation and development are uncertain.
• Token Value Risk: The value of SEED tokens was once tied to TRX rewards, but with the project’s transformation, its original value basis no longer exists. The value of new “SEED” tokens (if present in other projects) will depend on the fundamentals and market performance of their respective projects.
• Migration and Compatibility Risk: If a project requires token migration, users must bear the technical risks, operational errors, and new/old token compatibility issues that may arise during migration.
• Information Asymmetry Risk: Blockchain project information updates rapidly, and there may be multiple projects with similar names. Obtaining accurate, up-to-date official information is crucial for investors.
• Market Risk: Even active blockchain projects have token prices affected by market supply and demand, macroeconomics, regulatory policies, and other factors, with high volatility.
• Technical and Security Risk: Smart contract vulnerabilities, network attacks, and private key loss can all lead to asset loss.

Verification Checklist

Given that the original Sesameseed project has transformed, the following checklist mainly applies to general blockchain projects and distinguishing similarly named projects:

• Official Website and Whitepaper: Look for the project’s latest official website and whitepaper to confirm its activity and whether it has detailed project introductions and technical documentation. For “Sesameseed,” pay special attention to whether it is the original TRON SR project or a brand-new project with the same name.
• Block Explorer Contract Address: Find the project token’s official contract address and check its token holders, transaction records, and circulation status on the relevant block explorer (such as TRONSCAN, BSCScan, etc.). This helps assess token activity and distribution.
• GitHub Activity: If the project claims technical development, check its GitHub repository activity, including code update frequency, commit records, and developer community participation.
• Community and Social Media: Follow the project’s official social media (such as Twitter, Telegram, Discord, Reddit, etc.) to learn about community discussions, project announcements, and the latest developments.
• Audit Reports: Check whether the project has third-party security audit reports to assess the security of its smart contracts and platform.

Project Summary

In summary, the name “Sesameseed” in the blockchain field is mainly associated with a long-standing TRON Super Representative project. This project once encouraged users to participate in TRON network governance and share rewards by issuing SEED tokens. However, the original project underwent a major transformation around 2021, requiring users to migrate tokens, meaning it is no longer active in its original form.

In today’s market, there are multiple blockchain projects with similar names or using the abbreviation “SEED,” such as Seed DAO focused on Web3 acceleration, the gaming ecosystem Project SEED, and the SEED private investor club offering USDT staking services. These are independent projects with their own visions and features.

For anyone interested in “Sesameseed” or “SEED,” I strongly recommend that you conduct thorough independent research (Do Your Own Research, DYOR) before making any decisions. Carefully distinguish which project you are focusing on, consult its latest official documentation, and fully understand its risks. The blockchain world is full of opportunities, but also high risks—please be cautious. This is not investment advice.