Sei Foundation has made a significant announcement for the community, as it plans to distribute over 27 million SEI tokens through a major update following the successful v2 upgrade. This airdrop event is aimed at rewarding active participants in the ecosystem since the launch of the Pacific-1 Mainnet. It is the second airdrop event organized by the Sei Foundation, with the objective of rewarding Mainnet users.
Key Details for SEI
The Sei team has taken the initiative to conduct this airdrop event. Since last August, the development has progressed significantly, with more than 100,000 addresses delegating voting power to the Pacific-1 Mainnet. The NFT trade volume has also seen a notable increase, with users conducting half a million purchase transactions and generating tens of millions of SEI volume.
The airdrop event is focused on encouraging active usage and participation. It will distribute over 27 million tokens to 43,052 addresses. Eligible wallet addresses include those holding more than 42 SEI or liquid staked tokens, as well as possessing two or more NFTs from the top eight collections by volume. However, addresses containing over 2,000,000 SEI or more than 150 NFTs from the top collections have been excluded. The foundation aims to ensure a fairer distribution this time in response to previous criticisms.
Sei v2, the first parallelized Ethereum Virtual Machine-supported blockchain network, is now live on the Mainnet beta. This upgrade offers sub-second transaction finality, allowing the network to confirm and complete transactions in under one second, thereby enhancing the user experience. With advanced features like parallelized execution, Sei v2 is positioned to compete with other parallelized EVM networks such as Monad and Neon. DevilK, an executive at the Sei Foundation, shared the following statement:
“Notable Details for SEI”
The airdrop event organized by the Sei Foundation aims to appreciate the contributions of existing users and attract new participants to the ecosystem. As Sei continues to evolve and expand its offerings, users are advised to check their eligibility for the airdrop and stay informed about upcoming developments.
Despite this positive news, SEI has experienced a 3.54% drop following the broader cryptocurrency market trend. At the time of writing, the token is ranked 75th by market cap and is trading at $0.53.
For the latest technology news, you can follow us on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
