The extremely anticipated mainnet of Sei, a Layer 1 blockchain, has lastly launched, attracting appreciable consideration from the cryptocurrency ecosystem. The blockchain intends to handle the current inefficiencies of Internet 3 infrastructure by being optimized for high-speed digital asset commerce at scale.
SEI Mainnet Goes Reside, SEI Airdrop Introduced
Sei’s mainnet has already garnered vital help from builders and customers alike. Based on 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 muse for numerous purposes scheduled to launch within the second half of 2023, together with Sushiswap’s decentralized perpetual futures alternate.
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 sluggish,” he mentioned. “Sei is designed to let apps and different tasks scale in a method 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 Group.
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 things goes easily and to…
— Sei Basis (@Sei_FND) August 15, 2023
Lively customers on Solana, Ethereum, Arbitrum, Polygon, Binance Good 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 listing SEI token
Coinbase, a number one cryptocurrency alternate, introduced help for the newly launched SEI token, with buying and selling anticipated to start if liquidity circumstances are met. Different vital 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
Because 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 improve 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 traders within the challenge embody Bounce Crypto, Multicoin Capital, and Stream Merchants.
With expertise at prestigious establishments reminiscent of Goldman Sachs, Robinhood, and Binance, the group behind Sei’s inception brings a wealth of data. Their mixed experience is about to drive Sei’s revolutionary journey ahead to rework the asset alternate 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 challenge’s sturdy backing and enthusiastic adoption by builders and customers alike trace at a promising future for Sei within the cryptocurrency ecosystem.
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