The extremely anticipated mainnet of Sei, a Layer 1 blockchain, has lastly launched, attracting appreciable consideration from the cryptocurrency ecosystem. The blockchain intends to deal with the current inefficiencies of Internet 3 infrastructure by being optimized for high-speed digital asset commerce at scale.
SEI Mainnet Goes Stay, SEI Airdrop Introduced
Sei’s mainnet has already garnered important help from builders and customers alike. In line with a current press launch, over 200 groups are constructing on the blockchain, and it has greater than 7.5 million distinctive wallets. The mainnet is the inspiration for varied functions scheduled to launch within the second half of 2023, together with Sushiswap’s decentralized perpetual futures change.
In a current assertion, Jeff Feng, co-founder of Sei Labs, emphasised the importance of the mainnet launch. “Present internet 3 infrastructure is un-scalable, congested, and nonetheless too gradual,” he mentioned. “Sei is designed to let apps and different initiatives scale in a manner that no different blockchain can, whereas additionally sustaining a user-friendly expertise.”
In tandem with the mainnet launch, the Sei Basis introduced SEI airdrop for allowed customers who bridge qualifying property into the Sei community. Examples of purchases eligible for the airdrop embody USDC, ETH, maticUSDC, and bnbUSDT.
Lately the Sei Basis had launched particulars of Tokenomics and Rewards for the Sei Neighborhood.
Nothing about this has modified.The Sei Airdrop is prepared. Sei Labs is awaiting the ultimate ecosystem companions to finish their work to make sure all the pieces goes easily and to…
— Sei Basis (@Sei_FND) August 15, 2023
Lively customers on Solana, Ethereum, Arbitrum, Polygon, Binance Sensible Chain, and Osmosis are eligible to take part. Wallets should be mainnet-ready and related to the Pacific-1 Mainnet to obtain airdrop tokens.
Coinbase and different main exchanges checklist SEI token
Coinbase, a number one cryptocurrency change, introduced help for the newly launched SEI token, with buying and selling anticipated to start if liquidity circumstances are met. Different important companies, together with Binance, Bybit, Bitget, KuCoin, and Upbit, have additionally introduced SEI listings.
Coinbase will add help for Sei (SEI) on the Sei community. Don’t ship this asset over different networks or your funds could also be misplaced. Transfers for this asset can be found on @Coinbase & @CoinbaseExch within the areas the place buying and selling is supported.
— Coinbase Belongings 🛡️ (@CoinbaseAssets) August 15, 2023
On account of the listings, the Sei (SEI) worth had risen by 3126.53% to $0.2639 on the time of publication, demonstrating the token’s super demand and enthusiasm. This worth enhance displays the market’s belief in SEI and its potential for improvement.
SEI/USD 24-hour worth chart (supply: CoinMarketCap)
Is SEI a Good Funding?
Sei Labs secured $30 million in funding throughout two funding rounds in Could. Notable buyers within the undertaking embody Leap Crypto, Multicoin Capital, and Movement Merchants.
With expertise at prestigious establishments akin to Goldman Sachs, Robinhood, and Binance, the group behind Sei’s inception brings a wealth of information. Their mixed experience is about to drive Sei’s progressive journey ahead to rework the asset change course of for customers worldwide.
Sei’s mainnet launch marks a major milestone within the blockchain area, providing a scalable and user-friendly platform for digital asset buying and selling. The undertaking’s sturdy backing and enthusiastic adoption by builders and customers alike trace at a promising future for Sei within the cryptocurrency ecosystem.
The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
