Sei Network (SEI) Unveils Tokenomics, Boosts Airdrop Allocation

After a period of anticipation and self-reflection, Sei Network has finally announced the tokenomics for its project.

Sei Network (SEI) Unveils Tokenomics, Boosts Airdrop Allocation

Amid the spotlight on two projects set to list on Binance tonight (15/08), Sei has just released its tokenomics.

Token Utility of SEI
Transaction fees on the network;
DPoS staking validators;
Network governance;
Collateral for dApps on Sei;
Tip validators for transaction prioritization;
Transaction fees on ecosystem exchanges.

Token Allocation
The total token supply is 10 billion SEI, with 51% allocated to the community as follows:

• Ecosystem Reserve: 48%

Staking Rewards: Users stake and earn passive rewards, while validators set their own transaction fee rates.

Development Incentives: SEI is allocated for sponsorships and acknowledgments to contributors, builders, validators, and others contributing to the project. The project also allocates SEI to projects on Sei.

Airdrop: A portion of SEI will be allocated for multiple airdrop rounds to those who have supported the project from the testnet phase and have been active members in the ecosystem. In "Season 1", the project plans to allocate 3% for airdrops.

• Foundation: 9%
• Project Team: 20%
• Launchpool: 3% (note: no ICO and public sale)
• Private Sale: 20%

Tokenomics Allocation as Released by Sei

Sei Network is a layer-1 blockchain aiming to become a foundational platform for the future financial system. Last year, the project pledged to allocate 1% of the total supply for early user experience airdrops. However, this information faced criticism as the allocation was deemed insufficient compared to the current substantial user base.

Although not officially listed yet, SEI has been traded early on platforms like Aevo in the form of IOUs (I Own You) at a price of $0.2 USD.

In just a few hours, SEI will be listed on a series of exchanges including Binance, KuCoin, Bitfinex, Upbit, Bithumb, Bybit, Bitget, MEXC, and Gate. However, the project has not yet announced the criteria for receiving airdrops or the user list and token claiming process. On the Discord channel, the project team mentioned that detailed announcements will be made before the TGE date.