Innovative layer 1 blockchain Sei is built for the frictionless exchange of digital assets. Within the next five hours, users will be able to stake BNB, TUSD, and FDUSD to farm SEI tokens for 30 days. On August 2, 2023, at 0:00 (UTC), the farming period will start.
SEI Introduced as the 36th Project in the Binance Launchpool
With its optimized platform for securely and effectively trading digital assets, SEI establishes itself as a major player in the cryptocurrency market. The selection of Sei by Binance for its Launchpool serves as further evidence of the exchange’s dedication to supporting cutting-edge blockchain projects with significant room for expansion.
Staking of SEI Tokens
Users will have an exciting opportunity to earn rewards over a 30-day period through the staking process for SEI tokens. Participants can increase their cryptocurrency portfolios and profit from yield farming by staking BNB, TUSD, or FDUSD tokens. The three supported pools will each receive 300,000,000 SEI in farming incentives, or 3% of the total token supply.
The entire amount of SEI tokens is set at 10,000,000,000, with 1,800,000,000 SEI initially in circulation (18% of the total supply). On August 15, 2023, at 12:00 (UTC), SEI is set to list, with trading pairs SEI/BTC, SEI/USDT, and SEI/BNB being made available. The Seed Tag will be attached to SEI, increasing the token’s value and notoriety.
About Participating in the SEI Launchpool
Users must complete KYC (Know Your Customer) verification in order to take part in the Sei Launchpool. Additionally, each user has hourly hard caps to guarantee that prizes are distributed fairly:
- BNB stake: 33,333,33 SEI
- TUSD stake: 6,250 SEI
- FDUSD stake: 2,083.33 SEI
The supported staking pools provide abundant rewards:
- Stake BNB: 240,000,000 SEI in rewards (80% of total Launchpool token rewards)
- Stake TUSD: 45,000,000 SEI in rewards (15% of total Launchpool token rewards)
- Stake FDUSD: 15,000,000 SEI in rewards (5% of total Launchpool token rewards)
Users will have plenty of time to take part in the staking process and accumulate SEI tokens throughout the farming period, which will start on August 2 at 0:00 (UTC) and last until August 31 at 23:59 (UTC).
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