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 Web 3 infrastructure by being optimized for high-speed digital asset commerce at scale.
SEI Mainnet Goes Live, SEI Airdrop Announced
Sei’s mainnet has already garnered vital assist from builders and customers alike. According to a latest 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 varied functions scheduled to launch within the second half of 2023, together with Sushiswap’s decentralized perpetual futures trade.
In a latest assertion, Jeff Feng, co-founder of Sei Labs, emphasised the importance of the mainnet launch. “Current web 3 infrastructure is un-scalable, congested, and still too slow,” he mentioned. “Sei is designed to let apps and other projects scale in a way that no other blockchain can, while also maintaining a user-friendly experience.”
In tandem with the mainnet launch, the Sei Foundation introduced SEI airdrop for allowed customers who bridge qualifying belongings into the Sei community. Examples of purchases eligible for the airdrop embrace USDC, ETH, maticUSDC, and bnbUSDT.
Recently the Sei Foundation had launched particulars of Tokenomics and Rewards for the Sei Community.
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 Foundation (@Sei_FND) August 15, 2023
Active customers on Solana, Ethereum, Arbitrum, Polygon, Binance Smart Chain, and Osmosis are eligible to take part. Wallets have to be mainnet-ready and related to the Pacific-1 Mainnet to obtain airdrop tokens.
Coinbase and different main exchanges record SEI token
Coinbase, a number one cryptocurrency trade, introduced assist for the newly launched SEI token, with buying and selling anticipated to start if liquidity situations are met. Other vital companies, together with Binance, Bybit, Bitget, KuCoin, and Upbit, have additionally introduced SEI listings.
Coinbase will add assist for Sei (SEI) on the Sei community. Do not 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 Assets 🛡️ (@CoinbaseAssets) August 15, 2023
As a results of the listings, the Sei (SEI) worth had risen by 3126.53% to $0.2639 on the time of publication, demonstrating the token’s great demand and enthusiasm. This worth enhance displays the market’s belief in SEI and its potential for growth.
SEI/USD 24-hour worth chart (supply: CoinMarketCap)
Is SEI a Good Investment?
Sei Labs secured $30 million in funding throughout two funding rounds in May. Notable traders within the venture embrace Jump Crypto, Multicoin Capital, and Flow Traders.
With expertise at prestigious establishments similar to Goldman Sachs, Robinhood, and Binance, the workforce behind Sei’s inception brings a wealth of data. Their mixed experience is ready to drive Sei’s modern journey ahead to rework the asset trade course of for customers worldwide.
Sei’s mainnet launch marks a big milestone within the blockchain area, providing a scalable and user-friendly platform for digital asset buying and selling. The venture’s strong 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 embrace the non-public 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 duty to your private monetary loss.
