Gate.io Blog GateLive AMA Recap-SEAL

GateLive AMA Recap-SEAL

01 January 08:00

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![](https://gimg2.gateimg.com/image/article/1724387672seal.png)
## Q1. Could you please introduce Seal?
The Seal community is the largest and most cohesive community in the RGB++ Layer ecosystem token sector. Seal is the first token on the RGB++ Layer, and its name carries a double meaning. It represents the “seal” technology of single-use seals adopted by the RGB++ protocol, which ensures asset security close to that of the BTC mainnet. Additionally, “Seal” also refers to the animal, symbolizing how, like seals thrive both on land and in water, the RGB++ protocol offers duality between L1 and L2, allowing assets to move freely between the two layers.

This time, we’ve listed the L2 token on Gate Exchange. If you want to trade on the BTC chain, you can simply withdraw to a JoyID chain wallet and use our Leap feature to migrate to the BTC chain in about an hour. Seal not only represents the RGB++ Layer technology with its cute seal meme attribute but is also a utility token, acting as a supernode that empowers the entire ecosystem, including applications like JoyID, Huehub, and World3. The Seal community is also actively exploring ways to drive ecosystem growth. Our community tech team has developed the “Sealtoearn” platform for Initial <a href="/pt/price/<a href="/price/<a href="/pt/price/bitcoin-btc" target="_blank" class="blog_inner_link">bitcoin</a>-btc" target="_blank" class="blog_inner_<a href="/pt/price/link-ln" target="_blank" class="blog_inner_link">link</a>">bitcoin</a>-btc" target="_blank" class="blog_inner_<a href="/pt/price/link-ln" target="_blank" class="blog_inner_link">link</a>">Bitcoin</a> Offerings (IBOs), currently hosting the first phase of staking for the stable++ over-collateralized stablecoin platform. In this project, 90% of the tokens will be distributed to participants in the BTC, CKB, RGB++, and Stable++ ecosystems, with at least 20% allocated to Seal stakers. If you haven't joined yet, you’re welcome to buy Seal on Gate Exchange, withdraw it to an on-chain wallet, and participate through the website seal2earn.xyz.

## Q2. What is Seal’s role in the RGB++ Layer?
The RGB++ Layer is a BTC Layer 2 solution proposed by the Nervos Network team, and Seal is the first real-world use case for this solution, undeniably the leader of the protocol with the best liquidity. It serves as the gateway for the entire ecosystem to break through to a broader audience, making more people aware of and understand RGB++ Layer.

In the vast BTC L2 market, we've spent the past year focusing on the EVM approach, bringing <a href="/pt/price/<a href="/price/<a href="/pt/price/ethereum-eth" target="_blank" class="blog_inner_link">ethereum</a>-eth" target="_blank" class="blog_inner_link">ethereum</a>-eth" target="_blank" class="blog_inner_link">Ethereum</a> content to the BTC chain. However, the UTXO approach is more faithful to Bitcoin and better reflects its intrinsic value, though it's technically innovative and revolutionary. Not all developers are capable or willing to integrate with this protocol due to past inertia, which has hindered recognizing its potential. As the leading project and liquidity king of the RGB++ Layer, Seal is also the most likely investment target for market speculation. It can first capture market attention by listing on exchanges like Gate, lowering the entry barrier to the RGB++ Layer ecosystem, helping more people recognize RGB++ Layer, and becoming a bridge to a new world.

## Q3. What are the characteristics of the RGB++ Layer?
The RGB++ protocol uses a homomorphic binding method, unlike traditional cross-chain bridge solutions that rely on lock/mint/unlock processes for asset transfers. Instead, it binds and maps BTC chain data onto the CKB chain, followed by verification transactions, cross-chain verification, and state changes on CKB, ultimately completing the transaction.

To better understand, we can compare this process to real-world data going online. When buying or selling a house, government officials check the validity of the paper contract before updating the house’s status in the online management system. This process is similar to how the RGB++ protocol verifies BTC chain transactions and maps them onto the CKB chain. Just as government officials carefully examine the contract, RGB++’s homomorphic binding technology takes six Bitcoin blocks to verify the transaction, preventing double-spending attacks.

This technological structure enhances security in two ways. First, asset transfers no longer rely on centralized bridges and smart contracts, and the assets received are real. For example, Seal on the CKB chain can immediately be exchanged for CKB and traded, unlike assets created out of thin air by L2 protocol developers, which might take a long time to convert back to Bitcoin mainnet tokens recognized by exchanges. Second, we’ve recently seen many smart contracts being attacked, but RGB++’s bridge-less structure means there’s no longer a risk of such attacks since assets aren’t stored in a single smart contract. The second advantage is ecosystem development. After upgrading to RGB++ Layer, the protocol has unlocked liquidity across all UTXO chains. If you want to issue tokens using the RGB++ Layer on UTXO chains, you can distribute different portions of the tokens across CKB, BCH, DOGE, and other UTXO-structured chains, gaining liquidity on each chain. Liquidity is the lifeblood of financial products, and RGB++ Layer significantly enhances liquidity.

## Q4. What is Seal’s token positioning and value support?
Seal is positioned as both a meme token and a community governance token. However, it has been empowered by many projects in the ecosystem. For example, the Bitcoin chain DEX Huehub announced that transaction fees would be used for token buybacks. Holding Seal also entitles you to receive airdrops from many projects. Additionally, our own Launchpad platform, seal2earn, is a major source of value. In the future, we may also consider bringing more Seal to the community treasury through the platform.

## Q5. What is a reasonable price for Seal?
I estimate Seal’s valuation to be around $1 billion. As the leading token in the RGB++ Layer, Seal represents the UTXO route in Bitcoin Layer 2 solutions and could at least match the peak price of Ordi’s first round. Several projects built around Seal have received investments worth over $100 million, so Seal is currently significantly undervalued. Of course, $1 billion won't be reached overnight. I believe Seal will first reach a valuation of around $100 million and gradually be recognized as its value is discovered with the explosion of the Bitcoin ecosystem.

<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

SEAL/USDT + 6.75%

Introduction of Seal

Seal‘s Role in RGB++ Layer

Characteristics of RGB++ Layer

Seal Token Value

Reasonable Pricing of Seal

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