• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Sei Community Airdrop: 27 Million SEI Tokens Distributed to Active Users

May 29, 2024
in Blockchain
Reading Time: 2min read
0 0
A A
0
Understanding Consensus Protocols: A Comparative Study of PBFT and BBCA-Chain by Chainlink (LINK)
0
SHARES
6
VIEWS
ShareShareShareShareShare





Sei, the blockchain platform known for its high performance and parallelized EVM, has announced the distribution of 27,421,200 SEI tokens through its second airdrop. The event targets 43,052 unique addresses, rewarding those who have been actively participating in the Sei ecosystem since its Pacific-1 Mainnet launch.

Background

Since the launch of Sei’s Pacific-1 Mainnet last August, over 100,000 addresses have played a crucial role in securing the network by delegating their voting power. This participation has fostered a thriving economy, with primary activities revolving around the exchange and creation of NFTs. To date, the platform has seen half a million individual NFT purchases, generating tens of millions of SEI in volume.

Sei v2, the latest iteration, further enhances the platform by introducing the first highly performant, parallelized EVM blockchain. This new scaling approach is designed to bolster the Ethereum ecosystem, offering the fastest time to finality of any blockchain currently available.

How the Airdrop Works

The Sei Foundation’s second airdrop focuses on rewarding active users and participants within the Sei ecosystem. Eligible users can check if their wallet addresses qualify by visiting the airdrop app. If eligible, users must connect their wallets and agree to the terms of use to receive their tokens. The deadline for this process is aligned with the commencement of “Phase 3” of the Sei v2 launch, which is scheduled in the coming weeks.

Importantly, the Foundation has cautioned users that no further interactions are required once eligibility is confirmed. Tokens will be sent directly to eligible addresses at the start of Phase 3. Users are advised to ignore any websites claiming to assist in token claims.

Airdrop #2 Allocations

The allocation for Airdrop #2 is designed to reward users based on their involvement in staking, liquid staking, and participation in top NFT communities. Points were assigned based on specific criteria, with snapshots taken on key dates to determine eligibility. Notably, addresses with excessive holdings were excluded to maintain fairness.

Specifically, the criteria included:

  • Staking up to 2,000,000 SEI
  • Holding up to 2,000,000 liquid staked SEI tokens
  • Owning up to 150 NFTs from the top 8 collections by volume

Sei core contributors and wallets associated with the Sei Foundation or Labs are not eligible to participate in this airdrop. The Foundation has emphasized that this distribution is exclusively for the Sei community members who have actively engaged with the platform.

Users are encouraged to participate in the ecosystem by building on Sei, exploring various projects, or engaging with the community on platforms like Discord.

The official Sei Twitter account will announce the start of Phase 3 and the distribution of tokens. Eligible users must ensure they agree to the terms on the airdrop app to receive their SEI tokens from the Foundation.

For further details on the Sei Community Airdrop, visit the original announcement.

Image source: Shutterstock

. . .

Tags


Credit: Source link

ShareTweetSendPinShare
Previous Post

HKMA Warns Public Against Fraudulent Communications

Next Post

Sergey Nazarov Says Ethereum ETF Approval Very Clear Sign That More Altcoins Will Follow

Next Post
Sergey Nazarov Says Ethereum ETF Approval Very Clear Sign That More Altcoins Will Follow

Sergey Nazarov Says Ethereum ETF Approval Very Clear Sign That More Altcoins Will Follow

You might also like

Solana (SOL) Tumbles to $80, Traders Watch Critical Support Defense

Solana (SOL) Tumbles to $80, Traders Watch Critical Support Defense

March 9, 2026
Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Ethereum and Dogecoin by the End of 2026

Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Ethereum and Dogecoin by the End of 2026

March 5, 2026
Did Quantum Computing Fears Crash Bitcoin? NYDIG Says No

Analyst Says Bitcoin $200,000 Target Remains Open, But There’s A More Realistic Target

March 7, 2026
$HYPE to Hit $150 By August Says Admitted “Hype Man” Arthur Hayes

$HYPE to Hit $150 By August Says Admitted “Hype Man” Arthur Hayes

March 10, 2026
Arthur Hayes Deploys Net Liquidity Strategy: Not Buying BTC Now Even If He Has Only $1

Arthur Hayes Deploys Net Liquidity Strategy: Not Buying BTC Now Even If He Has Only $1

March 11, 2026
XRP Price Pulls Back After Rally, Traders Eye Buy-the-Dip Setup

XRP Price Pulls Back After Rally, Traders Eye Buy-the-Dip Setup

March 6, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Standard Chartered Identifies Two Major Catalysts

Ripple Launches $750 Million Share Buyback, Boosting Valuation To $50 Billion

March 11, 2026
Meta Lifts its Crypto Advertisement Banning Policy

Meta Unveils Four Custom MTIA AI Chips Targeting 2027 Deployment

March 11, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.