SeaFi (SPT) is the native utility token of SeaPad, a launchpad built on the Sui blockchain. If you’ve ever wondered whether it’s just another meme coin or something with a real purpose, this guide breaks down the token’s role, price quirks, and the risks you should watch.

Quick Summary

• SeaFi (SPT) powers the SeaPad launchpad on the Sui layer‑1 network.
• Price feeds disagree - from $0.009 to $0.024 depending on the tracker.
• Liquidity is thin; daily volume often under $100 on most aggregators.
• Core utilities include staking, DAO voting, and AI‑assisted yield tools.
• High volatility and scarce information make it a high‑risk investment.

What Is SeaFi (SPT) Token?

The token’s official name is SeaFi, ticker SPT. It was created to act as the “fuel” for the SeaPad ecosystem - a one‑stop hub where new blockchain projects can launch, promote, and manage their tokens. By holding SPT, users gain access to:

• Discounted IDO allocations on SeaPad.
• Staking rewards that come from platform fees.
• Voting power in the platform’s decentralized autonomous organization (DAO governance).
• Premium AI‑driven tools that suggest yield‑optimizing strategies.

In short, SPT is more than a speculative asset - it’s the key to participating in SeaPad’s suite of DeFi services.

SeaPad Platform Overview

SeaPad calls itself a “Growth Hub” that bundles several functions into one UI. The platform runs on the Sui blockchain, a high‑performance layer‑1 network launched in 2023. Sui promises fast finality and low fees, which SeaPad leverages for:

• Decentralized exchange (DEX) capabilities for token swaps.
• Staking contracts that let SPT holders earn a share of transaction fees.
• Marketing suite for project promotion, including referral links and on‑chain bounty programs.
• AI‑driven innovation that automatically reallocates capital to higher‑yield pools - the exact algorithms aren’t public, but the UI shows suggested moves.

Because everything lives on Sui, users don’t have to jump between multiple blockchains or wallets. That seamless experience is SeaPad’s main selling point.

Token Economics & Supply Details

Supply numbers vary slightly between data providers. Most agree on a total supply around 100million SPT, with some exchanges listing 98.6million. The circulating supply is often reported as zero or “unavailable,” suggesting that a large portion of tokens is still locked for ecosystem incentives, team reserves, or future IDO allocations.

Key economic attributes:

• Total supply: ~100million SPT.
• Allocation: Roughly 30% reserved for launchpad incentives, 20% for staking rewards, 20% team/partner lock‑ups, 30% community and ecosystem growth.
• Deflationary mechanisms: None documented yet; the token relies on utility demand rather than burning.

Because the circulating amount isn’t transparent, price discovery can be erratic - a classic symptom of low‑liquidity tokens.

Market Data - Prices, Volume & Volatility

Tracking SPT is a bit of a treasure hunt. Different aggregators show wildly different numbers:

The price peaked at $0.270 on 3April2024 and dropped to a low of $0.00917 on 10March2025. Recent 24‑hour moves have shown more than 30% swings, and a one‑year gain of nearly 70% - all on tiny trading volumes. Such volatility is typical for tokens that trade on only a couple of exchanges.

Speaking of exchanges, the primary market for SPT is MEXC, where the SPT/USDT pair is listed. CoinGecko reports just two exchanges and three trading markets overall, underscoring the token’s limited accessibility.

Risks & Red Flags

Before you put any money into SPT, consider these warning signs:

• Inconsistent data: Prices and volumes differ dramatically between trackers.
• Thin liquidity: Daily volume often under $100 on most platforms, meaning large purchases can slippage the price heavily.
• Opaque team: No public team bios, roadmaps, or partnership announcements have been released.
• Early‑stage tech: Sui’s ecosystem is still maturing; any security flaw or stagnation could affect SPT’s utility.
• Speculative price drivers: The token’s recent gains are largely tied to hype around launchpad tokens rather than proven usage.

If you decide to invest, treat SPT as a high‑risk, high‑volatility asset and allocate only money you can afford to lose.

How to Acquire SeaFi (SPT)

Because SPT isn’t listed on big name exchanges like Binance or Coinbase, the buying process is a bit more manual:

1. Set up a wallet that supports the Sui blockchain - for example, Sui Wallet or Suiet.
2. Buy USDT or another stablecoin on a major exchange (Kraken, Binance, etc.).
3. Transfer the stablecoin to your Sui‑compatible wallet via the Sui Bridge (if you need to cross chains).
4. Navigate to MEXC and locate the SPT/USDT market.
5. Place a limit order - because liquidity is low, a market order could push the price up quickly.
6. Once filled, withdraw SPT back to your Sui wallet to participate in staking or launchpad IDOs.

Remember: always double‑check contract addresses. A typo can send your tokens to the wrong chain forever.

Is SeaFi Worth Watching?

SeaFi sits at the intersection of three trends: launchpad financing, AI‑enhanced yield tools, and the Sui blockchain’s growth. If the platform can deliver a steady stream of successful IDOs, the demand for SPT could rise. On the flip side, the current data gaps and liquidity problems make it a gamble.

For traders who enjoy hunting low‑cap gems, SPT offers big upside potential - if you can handle the price swings. For long‑term holders, the lack of a clear roadmap means you should stay skeptical until the team publishes more concrete milestones.