Coin World Report:
Project Introduction
Sei, a leading Layer 1 public chain, specializes in cryptocurrency trading. It is not limited to DeFi but also expands into areas such as gaming, social media, and NFTs, building a multifunctional blockchain ecosystem. Among many public chains, Sei stands out with its outstanding processing speed and technological innovation. Its unique consensus mechanism and technological innovation are indispensable. As a universal, open-source blockchain platform, Sei aims to meet the diverse needs of digital asset trading and set new standards for blockchain efficiency.
SEI Coin
SEI Coin is a digital currency in the field of decentralized finance (DeFi). The name SEI comes from “Seishu,” which is the water used for brewing sake in Japan, symbolizing purity and high quality. The goal of SEI Coin is to provide users with safer and more efficient financial services by establishing a decentralized financial ecosystem.
Network Fees:
Fees paid on the Sei blockchain for transactions.
DPoS Validator Staking:
SEI holders can choose to delegate their token shares to validators or stake SEI to run their own validators to ensure the security of the network.
Governance:
SEI holders can participate in future protocol governance.
Native Collateral:
SEI can be used as native asset liquidity or collateral for applications built on the Sei blockchain.
Fee Market:
Users can pay fees to validators to prioritize the processing of their transactions, which can be shared with users delegating to that validator.
Transaction Fees:
SEI can be used as fees for exchanges built on the Sei blockchain.
Issuance and Distribution
Sei is a Layer-1 public chain focused on the exchange of encrypted assets such as NFTs and social media. SEI is its native token, mainly used for payment of network or transaction fees, DAO governance, acting as collateral, and running validator nodes, and so on.
There are a total of 10 billion SEI tokens, which have been distributed to different roles as follows:
– 20% of the tokens are allocated to the team
– 20% of the tokens are allocated to investors
– 9% of the tokens are allocated to the foundation
– 3% of the tokens are allocated to Binance Launchpool
– 48% of the tokens are allocated to the ecosystem, for staking rewards, ecosystem initiatives, Sei airdrops, and testnet incentives. Among them, 3% will be used for “Season 1” airdrop distribution to reward community users.
Team Financing Situation
Jayendra Jog is the co-founder of Sei Labs. Jayendra graduated from the University of California, Los Angeles and was a software engineering intern at Facebook.
Jeff Feng is a co-founder of Sei Labs and graduated from the University of California, Berkeley. Before joining Coatue Management as a venture capitalist, he worked as a technology investment banker at Goldman Sachs for three years.
Justin Barlow is the Director of Business Development and Investment at Sei Labs. During his recent tenure at Solana Ventures, Barlow demonstrated his foresight in the growth of emerging projects in the consumer technology field through investments in DeFi, infrastructure, and gaming. In addition, he is an active angel investor and serves as an advisor to game studios such as Bravo Ready, as well as organizations like Techstars and the Israel Blockchain Association. Barlow entered the blockchain/crypto/web3 industry in 2015 and holds a Bachelor’s degree in Political Science and Finance from the University of Southern California.
In terms of ecological projects, there are currently 120 cooperative projects in the Sei Network ecosystem. About 70 cooperation projects are currently disclosed on the official website, with a focus on decentralized exchanges, infrastructure, wallets, and cross-chain bridges.
Future Outlook
SEI Coin, as a sustainable energy digital currency, has broad application prospects. Firstly, SEI Coin can be used for financing sustainable energy projects. By issuing SEI Coins, sustainable energy projects can quickly and efficiently raise funds to accelerate project progress. Secondly, SEI Coin can be used for energy trading. Through the trading of SEI Coins, people can conveniently buy and sell sustainable energy, promoting the prosperity of the sustainable energy market. In addition, SEI Coin can also be used for recording and verifying sustainable energy data, ensuring the authenticity and credibility of the data.
Summary
SEI Coin, as an emerging digital currency, has enormous development potential. With the continuous development and growth of the DeFi market, SEI Coin will occupy an important position in the field of digital currencies and become a trusted financial product for users.
As the recognition of digital currencies by users continues to increase, the market demand for SEI Coin will gradually increase, and its price is expected to rise. At the same time, the SEI Coin team will continue to improve products and services, providing a higher quality and stable financial experience.
Overall, SEI Coin has broad development prospects, and it is believed that in the coming years, it will achieve greater achievements and bring more benefits and value to users.
