The Sei Foundation recently announced a substantial distribution of over 27 million SEI tokens, following a successful upgrade to v2 of their blockchain network. This distribution, or airdrop, aims to reward users actively participating in the ecosystem since the launch of the Pacific-1 Mainnet.
Who Qualifies for the Airdrop?
Since August, the development has seen more than 100,000 addresses delegate voting power to the Pacific-1 Mainnet. NFT trade volume surged as users conducted half a million transactions, generating tens of millions in SEI volume. The airdrop, targeting active users, will distribute tokens to 43,052 addresses meeting specific criteria.
What Makes Sei v2 Stand Out?
Eligible wallets are those holding more than 42 SEI or liquid staked tokens and possessing two or more NFTs from the top eight collections by volume. Wallets with over 2,000,000 SEI or more than 150 NFTs from top collections are excluded. This move aims for a more equitable distribution, addressing past criticisms.
Sei v2, the first parallelized Ethereum Virtual Machine-supported blockchain, is now live on Mainnet beta. It offers sub-second transaction finality, enhancing user experience with confirmation times under one second. Advanced features like parallelized execution position Sei v2 competitively against networks like Monad and Neon. Sei Foundation’s DevilK emphasized the network’s speed and scalability, stating it opens new opportunities for users and developers.
Key Points for SEI Holders
– Users with more than 42 SEI or liquid staked tokens and two or more NFTs from top collections are eligible.
– Wallets with over 2,000,000 SEI or more than 150 NFTs from top collections are excluded.
– Sei v2 enables sub-second transaction finality and parallelized execution.
– SEI holders should verify their eligibility and stay updated on new developments.
Despite the positive news, SEI saw a 3.54% drop due to broader cryptocurrency market trends. Currently ranked 75th by market cap, SEI is trading at $0.53.