Following a successful testing phase, the Sei Network has proudly launched its mainnet and seamlessly integrated the native SEI token into several prominent trading platforms, including Binance, Bitfinex, Upbit, and Huobi.
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The SEI Token serves as the driving force behind Sei’s Proof of Stake blockchain, empowering activities such as network fee payments, validator staking, governance engagement, and collateral utilization. Moreover, it facilitates seamless fee markets and trading activities across Sei’s blockchain exchanges.
Sei’s primary focus revolves around enhancing the trading landscape for virtual assets, NFTs, and other commodities within the realms of social media and video games. Unlike intricate blockchains, Sei is dedicated to providing an effortless and user-centric trading environment.
Among Sei’s standout attributes is its impressive speed, surpassing Solana’s performance by tenfold. Transactions are confirmed within a remarkable 250 milliseconds, supported by an additional 100 millisecond buffer for protocol stability.
The platform has managed to attract an impressive array of over 200 teams and boasts a user base of more than 7.5 million unique wallets. Noteworthy is the imminent integration of Sushiswap’s perpetual futures exchange into the Sei network.
The launch of Sei marks a significant stride towards a future characterized by swift, user-friendly trading experiences, coupled with the exciting potential of incorporating Sushiswap’s exchange.
Pioneering a New Era in Web3 More than a mere blockchain, Sei represents an open-source, permissionless Layer 1 blockchain with a distinct purpose at its core. This purpose is rooted in its seamless digital asset exchange capabilities, making it a formidable player in the rapidly evolving landscape of digital assets.
In a world where the realms of digital assets encompass Non-Fungible Tokens (NFTs), Gaming assets, and the expanse of Decentralized Finance (DeFi), the demand for robust blockchains has surged. This is the very niche that Sei masterfully addresses, tailor-made to meet the escalating demands of high-performance and exceptional user experiences in the realm of Web3.
Delving into Sei’s Technical Excellence Sei’s creation has revolved around a meticulous focus on three pivotal dimensions: speed, performance, and groundbreaking technology. The fruits of this focus are strikingly apparent:
Unrivaled Speed: Sei stands tall with one of the swiftest finality times across the blockchain sphere.
Exceptional Throughput: It boasts the potential to outshine even the theoretical zenith of any Ethereum-based Rollup.
Leading-Edge Innovation: Sei’s efficiency is a testament to its ingenious application of parallel processing, instantaneous block finality, and unparalleled block propagation and processing mechanisms.
Yet, the Sei blockchain transcends mere efficiency. It goes beyond the basics by providing a foundational infrastructure that empowers anyone with internet connectivity to seamlessly interact with web3 applications at the speed of thought, ushering in a pioneering category of Web3 applications.
Binance has disclosed that upon its listing, SEI’s circulating supply will amount to 1.8 billion tokens, which constitutes 18% of the overall supply of 10 billion tokens.
As per the initial price set at 20 cents, this cryptocurrency’s market capitalization is projected to reach $360 million, positioning it within the ranks of the top 100 cryptocurrencies.
After LAUNCH
$SEI is currently trading at $0.184
Check out: https://www.sei.io/ for more info.