Binance has announced the addition of two new projects to its Launchpool platform: CyberConnect (CYBER) and Sei (SEI). The announcements were made on August 1, 2023, detailing the specific information about the projects and their integration into the Launchpool.
CyberConnect (CYBER)
CyberConnect (CYBER) is described as a Web3 social network that enables developers to create social applications. The total token supply for CYBER is 100,000,000, with 3,000,000 CYBER (3% of the total token supply) allocated for Launchpool Token Rewards.
Users will be able to stake their BNB, TUSD, and FDUSD into separate pools to farm CYBER tokens over a 30-day period. The farming will commence on August 2, 2023, at 00:00 (UTC), and will continue until August 31, 2023, at 23:59 (UTC).
Binance will list CYBER on August 15, 2023, at 12:00 (UTC), and open trading with CYBER/BTC, CYBER/USDT, and CYBER/BNB trading pairs.
Sei (SEI)
Sei (SEI) is identified as a layer 1 blockchain optimized for the exchange of digital assets. The total token supply for SEI is 10,000,000,000, with 300,000,000 SEI (3% of the total token supply) designated for Launchpool Token Rewards.
Similar to CYBER, users can stake their BNB, TUSD, and FDUSD to farm SEI tokens over a 30-day period, starting from August 2, 2023, at 00:00 (UTC).
Binance will list SEI on August 15, 2023, at 12:00 (UTC), and open trading with SEI/BTC, SEI/USDT, and SEI/BNB trading pairs.
Participation and Eligibility
Both projects require KYC verification for participation, and there are specific restrictions based on users’ country or region of residence. The staking terms, supported pools, and other details are provided in the official announcements.
The addition of CyberConnect (CYBER) and Sei (SEI) to Binance’s Launchpool represents a continued expansion of the platform’s offerings. By providing opportunities for users to stake and farm these tokens, Binance is facilitating access to new and emerging projects within the crypto space.
Image source: Shutterstock
Credit: Source link
