Sei Foundation has made a significant announcement for the community, as it will be distributing more than 27 million SEI tokens as part of a major update following the successful v2 upgrade. This airdrop event is designed to reward active participation in the ecosystem since the launch of the Pacific-1 Mainnet. It is the second airdrop event conducted by the Sei Foundation and aims to reward Mainnet users.
Sei Team Initiates Airdrop Step
The development has progressed since last August, with over 100,000 addresses delegating voting power to the Pacific-1 Mainnet. The NFT trade volume has increased, with users conducting half a million purchase transactions and generating tens of millions of SEI volume.
Focusing on active usage and participation, the airdrop event will distribute over 27 million tokens to 43,052 addresses. Eligible wallet addresses include those holding more than 42 SEI or liquid staked tokens and possessing two or more NFTs from the top eight collections by volume. Addresses containing over 2,000,000 SEI or more than 150 NFTs from the top collections have been excluded. The foundation aimed to ensure a fairer distribution this time in response to previous criticisms.
The first parallelized Ethereum Virtual Machine-supported blockchain network, Sei v2, is now live on Mainnet beta. This upgrade provides sub-second transaction finality, with the network now confirming and completing transactions in under one second to enhance the user experience. Advanced features like parallelized execution position it to compete with other parallelized EVM networks such as Monad and Neon. DevilK, a Sei Foundation executive, shared the following statement:
Notable Details for SEI
Sei Foundation’s airdrop event shows appreciation for the contributions of existing users and aims to attract new participants to the ecosystem. As Sei continues to develop and expand its offerings, users should check their eligibility for the airdrop and stay informed about upcoming developments.
Despite this news, SEI experienced a 3.54% drop following the broader cryptocurrency market trend. At the time of writing, the token ranks 75th by market cap and is trading at $0.53.
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Disclaimer: The information in this article is not investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
