Sail Protocol (SAIL)

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Overview

Sail Protocol is a social trading protocol built for NFTs. It lets groups of people pool ETH, buy NFTs together, and share the outcome through smart contracts. Inside the Sail Suite, you’ll also see tools like Blackbeard (an NFT sniping service) and SailorSwap (an NFT swapping protocol). Together, these apps make it easier for collectors and traders to find, buy, and exit positions while keeping the process on-chain and transparent. The Sail Protocol blockchain approach centers on modular contracts that handle group deposits, purchases, sales, and payouts without middlemen. (docs.sail.fun)

Many readers search for “SAIL token” and “SAIL price.” Important context: the Sail Protocol at sail.fun has not launched a single, network‑wide SAIL token for its NFT group-trading product. Earlier versions used per‑ship tokens ($SHIP), but those were deprecated in favor of a Boarding Pass NFT for membership and governance at the ship level. When people mention a SAIL token today, they are often referring to a different project called Sailing Protocol, which issues the SAIL token for a regulated‑finance platform; that token is separate from the Sail Suite at sail.fun. We’ll note the differences where helpful throughout this guide. (docs.sail.fun)

As a snapshot of activity, the Sail site highlights more than 2,000 traders and over $5M in value traded across its suite, which shows steady community use for social NFT trading. The public beta portal for Sail Protocol also features a live leaderboard and active “Ships,” so new users can see how group trades are performing. (sail.fun)

History & Team

Sail Protocol (the NFT group trading product) was announced in February 2023 by SZNS Labs, the team behind Sail Suite. SZNS had already spent time exploring DAO‑style ownership models and then shifted toward a simpler, trade‑first experience with Captains, Sailors, and Ships. The February 2023 announcement laid out this approach and marked the public launch of the protocol. (szns.solutions)

Who builds Sail? The footer of the Sail sites and docs shows “© 2021 SZNS Labs, Inc.” SZNS is a New York–based company whose leaders and contributors have backgrounds in web3 product engineering and cloud infrastructure. Public company profiles list founders such as John Lee (CEO), Dan Truong (CTO), and Shean Kim, among others. While the Sail docs themselves focus on product, SZNS has appeared in industry databases and interviews as the developer of the suite. (protocol.sail.fun)

Funding and backers for the broader SZNS effort were announced in 2021: SZNS raised a seed round led by Framework Ventures and Dragonfly Capital, supporting development of social, on‑chain NFT tools that later matured into the Sail Suite. (coindesk.com)

Technology & How It Works

Ships, Captains, and Sailors

At the heart of the Sail Protocol are Ships—smart contracts that hold ETH and NFTs. A Captain launches a Ship, sets a goal, and begins a building period where Sailors can contribute ETH. Once the minimum threshold is reached, the Captain can buy from pre‑approved NFT collections. Later, the Captain lists purchased NFTs for sale. When sales settle, the contract distributes ETH back to the Ship members according to their stake. This structure makes the group trade process transparent and automated end‑to‑end. (docs.sail.fun)

Contract architecture and modules

Sail’s smart contracts are built with modularity in mind. A central Ship Module ties together specialized contracts—like the Captain Guard (who can lead a Ship), Crowdfund (how contributions are tracked), and the Ship Deployer (configuration and launch of new Ships). The design follows Gnosis Safe Zodiac module standards so voting or permission logic can be added without rewriting the whole system. The protocol also integrates with third‑party contracts such as OpenSea’s Seaport for marketplace execution. (docs.sail.fun)

From $SHIP to Boarding Pass NFTs

In earlier iterations, each Ship minted a local ERC‑20 token ($SHIP) that represented membership and claims on outcomes. As of August 1, 2023, Sail shifted to an ERC‑721 Boarding Pass NFT per Ship, which acts as the membership and governance token for that Ship’s DAO. This reduced complexity and made membership easier to track and transfer. (docs.sail.fun)

Audits and security posture

The team reports completing an audit with Omniscia on February 3, 2023, with more audits planned as the protocol evolves. While the full report is referenced in the docs, the audit milestone confirms a formal review of the core contracts. (docs.sail.fun)

Tokenomics & Utility

When you hear “Sail Protocol tokenomics,” think about incentives and flows inside the protocol rather than a global SAIL token for this product. Today, the system is built around:

• ETH contributions by Sailors into each Ship’s smart contract.
• A Captain fee taken as a percent of the sale price when the Ship sells NFTs.
• A protocol fee of 1% of each NFT sale, which accrues to the SailDAO. (docs.sail.fun)

Membership and governance live at the Ship level through the Boarding Pass NFT. Holding a Boarding Pass gives you the right to claim ETH from sales and participate in Ship‑specific governance actions as the product adds more on‑chain voting features. This makes the DAO local to each Ship and keeps decision‑making close to the assets being traded. (docs.sail.fun)

What about the SAIL token you may see discussed online? That token belongs to Sailing Protocol, a separate project focused on bringing regulated finance on‑chain. Its docs describe SAIL as a gas‑like token for that platform, with contracts on networks such as Base and Arbitrum and a 7 billion maximum authorization. That token is not used by Sail Suite’s NFT trading protocol. (docs.sailingprotocol.org)

Ecosystem & Use Cases

Social NFT trading

Sail’s best‑known use case is social trading: teams pool funds, buy high‑value NFTs they might not afford alone, and aim to sell for a profit. Profit‑share and accounting happen in the Ship smart contract, which removes manual bookkeeping and makes results easy to verify. This is especially appealing for collections where grails carry large price tags and require quick action. (docs.sail.fun)

Sail Suite: Blackbeard and SailorSwap

• Blackbeard is a sniping service that automates purchases the moment a target NFT is listed. It advertises trait targeting, no manual transaction signing, and a flat fee of 0.0069 ETH for each successful snipe. This can feed high‑conviction buys into a Ship’s strategy or help individual collectors act faster. (sail.fun)
• SailorSwap lets users swap into different traits within a collection and deposit NFTs to earn yield. For Ship members, this can improve entry/exit flexibility without listing on outside venues. (sail.fun)

DeFi, NFTs, and gaming

The Sail Protocol DeFi, NFTs, gaming overlap shows up in three ways:

• DeFi‑style pooling with automated accounting for group trades.
• NFT‑native tools (sniping and swapping) tightening execution.
• Potential gaming tie‑ins where in‑game NFTs or digital collectibles can be traded by communities that form and act as a team.

The Sail site highlights overall activity—thousands of traders and millions in value traded—suggesting that these social patterns are taking hold for NFT power users. (sail.fun)

Advantages & Challenges

Advantages

• Group buying power: Ships let collectors pool ETH and take shots at grails that would be out of reach alone. (docs.sail.fun)
• Automated accounting: Smart contracts handle contributions, purchases, and payouts, reducing overhead for the group. (docs.sail.fun)
• Suite synergy: Blackbeard and SailorSwap help find entries and manage traits, rounding out the toolkit for active traders. (sail.fun)
• Clear fee model: A Captain percentage plus a 1% protocol fee keeps incentives straightforward. (docs.sail.fun)

Challenges

• Group dynamics: Not everyone prefers team‑based decisions; Captains and Sailors must align on goals and timing. (docs.sail.fun)
• Learning curve: Understanding Ship lifecycles, membership, and marketplace integrations can be new for beginners. (docs.sail.fun)
• Marketplace coverage: Sail integrates with Seaport first, with other markets added over time, so coverage expands progressively. (protocol.sail.fun)

Where to Buy & Wallets

If you’re searching “where to buy SAIL,” first confirm which project you mean:

• Sail Protocol at sail.fun (the NFT group‑trading app) does not currently use a global SAIL token. Activity happens with ETH in your wallet. To participate, connect an Ethereum‑compatible wallet (for example, common EVM wallets) to fund a Ship, claim ETH, or interact with Blackbeard and SailorSwap. (docs.sail.fun)
• Sailing Protocol (a different platform focused on regulated assets) does issue the SAIL token. Its docs list SAIL contracts on Base, Arbitrum, Sonic, and Berachain, along with DEX venues. If your goal is the SAIL token from that project, always rely on the contract addresses posted in its official documentation. (docs.sailingprotocol.org)

As for “SAIL price,” real‑time price data is dynamic and displayed separately; what matters here is understanding that SAIL (regulated‑finance project) and Sail Protocol (NFT group trading) are distinct.

Regulatory & Compliance

Shariah perspective: Is Sail Protocol halal? The Sail Suite does not publish a Shariah analysis or certification. Based on available public information, there is no formal confirmation that the Sail Protocol halal criteria are met, and the project is not listed as SAIL shariah compliant. This aligns with a simple “No” to the question until a recognized review is published. (docs.sail.fun)

Regulatory standing: The Sail Suite presents itself as an on‑chain protocol and product suite with published docs, audits in progress, and terms of use. There are no public claims of specific financial licenses for the NFT group‑trading product. Separately, the Sailing Protocol platform (the one with the SAIL token) brands itself around “Regulated Finance Onchain,” publishes pages for equity and currency tokens, and describes SAIL as a gas‑like token for its network; however, its docs do not list detailed jurisdictional approvals on the public pages we reviewed. For readers comparing both, the Sail Protocol regulatory status you see discussed online often refers to the tokenized‑assets platform, not the Sail.fun NFT suite. (docs.sail.fun)

Compliance features: On the NFT side, Sail’s shift to Boarding Pass NFTs for Ship membership improves on‑chain tracking of who can claim proceeds or vote, and the contract design plugs into the Gnosis Zodiac ecosystem, which is widely used for DAO modules and permissioning. An Omniscia audit milestone from February 3, 2023 is also noted in the docs. (docs.sail.fun)

Future Outlook

Product roadmaps in the docs point to more governance features for Sailors, like proposing and voting on listings, and broader marketplace integrations beyond Seaport. The homepage also teases “Coming Soon” additions across the suite, which may include deeper automation and more ways to move between traits, listings, and liquidity. As the NFT market evolves, expect:

• Tighter links between sniping, swapping, and Ship strategies.
• Expanded marketplace and chain support for better coverage.
• More social discovery, leaderboards, and reputation mechanics that highlight successful Captains and savvy Sailors.

Outside the NFT suite, attention on real‑world assets is growing, which may keep the similarly named Sailing Protocol in headlines; its SAIL token distribution and multi‑chain presence are documented for that regulated‑finance platform. But within the Sail.fun ecosystem, the focus remains social trading for NFTs with transparent, modular smart contracts. (sail.fun)

Summary

Sail Protocol makes group NFT trading simple: pool ETH, buy together, and share the result through clear on‑chain rules. The Sail Suite supports this with execution tools like Blackbeard and liquidity tools like SailorSwap. Its architecture leans on proven DAO module patterns and integrates with major NFT marketplaces. Tokenomics center on Ship‑level membership via a Boarding Pass NFT, a straightforward fee model, and upcoming governance features—rather than a single, global SAIL token. If you’re researching the SAIL token and SAIL price, note that those terms usually point to the separate Sailing Protocol platform for tokenized assets. For collectors and traders focused on NFTs, Sail’s social model, toolset, and growing community make it a notable entry in the “Sail Protocol blockchain” landscape across DeFi, NFTs, and even gaming‑adjacent use cases. (docs.sail.fun)