News/Sei Announces $SEI Tokenomics, with 300M $SEI Allocated to Season 1 of Airdrops

Sei Announces $SEI Tokenomics, with 300M $SEI Allocated to Season 1 of Airdrops

Aug 15,2023,16:44

Layer1 blockchain Sei announced the tokenomics of its native token $SEI. The max supply of $SEI is 10 billion, with 48% of the tokens allocated to the Ecosystem Reserve consisting of three parts, Staking Rewards, Ecosystem Initiatives, and Airdrops and Incentives. Meanwhile, the Sei Foundation gets 9% of the supply, the Sei team gets 20%, and private sale investors get 20%. Another 3% is distributed to Binance Launchpool.

About Airdrops and Incentives, Sei said, "A portion of the $SEI supply is allocated to airdrops, incentivized testnet rewards, and ongoing programs designed to rapidly distribute $SEI into the hands of its users and community. These $SEI Airdrops and Incentives are designed to reward the real, active and pioneering users in the crypto space. Three percent of the $SEI token supply has been allocated to the first rewards pool, referred to as 'Season 1'." In addition, Sei said that there will be no ICO or community sale for $SEI.

Previously, multiple centralized exchanges, including Binance, Bybit, Bitget, Kucoin, Upbit, and more, had announced the listing of $SEI on August 15 at 12pm UTC.

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