Be – a high-scalability layer-one blockchain, geared towards the mass introduction of digital assets. The transaction completion time is said to be 500 ms due to the use of Twin-Turbo Consensus. A number of other innovations used in the ecosystem make it possible to create “fundamentally new applications” on the blockchain.
Be – a native network token used to pay for transactions and reward validators. Criptomais experts have studied the features of the new blockchain project and compiled an overview of the opportunities it opens up.
On Launchpool and Binance Farm Sei is taking place: From August 2, 2023 (3:00 AM PT) to September 1, 2:59 AM PT, users can Stake BNB, TUSD, and FDUSD tokens to receive additional rewards in SEI.
general information
| Designation | To be |
|---|---|
| Clock | TO BE |
| Release year | 2023 |
| Token Type | native |
| Blockchain | To be |
| Maximum emission | 10,000,000,000 SEI |
| Official website | https://www.sei.io/ |
| White paper | https://github.com/sei-protocol/sei-chain/blob/master/whitepaper/Sei_Whitepaper.pdf |
| Social media | https://twitter.com/SeiNetwork |
| Blog | https://blog.sei.io/ |
| Binance Launchpool Distribution Begins | August 2, 2023 at 3:00 am (Brasília time) |
| Binance Launchpool Distribution Ends | September 1, 2023 at 2:59 am (Brasília time) |
| Will be distributed on Binance Launchpool | 300,000,000 SEI (3% of the total issue) |
| Assets required for Staking | BNB, TUSD e FDUSD |
| brokers for trading | Binance |
What is Sei? Blockchain Network Features
To be – a completely autonomous, open-source, Proof-of-Stake-based layer-1 blockchain focused on scalability and transaction speed. The main goal is to make operations comfortable in applications, not only DeFi, but also GameFi, social networks on the blockchain, NFT.
Many decentralized applications today face scalability issues, making transactions slow and expensive. This often scares newcomers.
What Sei offers:
- Very fast transaction completion (lower limit – only 300 ms).
- Twin-turbo consensus for industry-leading performance.
- Proprietary order matching engine that can be used by decentralized brokers.
- “Market parallelization” that increases throughput by 5-10x compared to, for example, Aptos or Solana.
- Powerful protection against malicious intrusions.
Together, all of this ensures that any game, DEX or NFT platform will perform at its best, offering a great user experience.
How Sei works
The system is based on an on-chain order matching module, Twin-Turbo consensus, and a number of functions implemented at the mandatory level, including parallel order execution, integrated price oracles, etc.
Order matching module can be used by any broker operating on Sei to create an order book-based platform. This makes it easier for developers to create a centralized limit order system (CLOB), similar to centralized trading platforms.
Two advantages of this solution:
- It is more cost-effective than AMM (the automated market parent used in many modern DEXs).
- It is more decentralized and transparent than off-chain order books like regular CEXs.
Twin-Turbo Consensus improves throughput by 83% because it combines “optimistic” pool verification (transactions are assumed to be valid unless proven otherwise) and “smart” pool distribution between validators.
Also worth paying attention to parallel execution of orders. In traditional blockchains, processing occurs sequentially, regardless of the assets and markets the order interacts with. In Sei, orders can be processed simultaneously if they are not in the same market. This significantly reduces delays.
I know there is test networkof which the number of users already exceeds 4 million and the number of transactions is 100 million. You can test the application here https://app.sei.io/ (there is a built-in test coin faucet).
Token SEI + Farm no Binance Launchpool
TO BE SEI is a utility token from the project of the same name, whose use cases include paying network fees on the blockchain, distributing stakes among validators (by delegating or launching their own network), governance, providing liquidity, and supporting applications. SEI can also pay trading fees on exchanges operating in the ecosystem.
Sei (SEI) has become the 36th project on the Launchpool platform Binance. For 30 days, starting August 2, 2023 (3:00 a.m. EDT), investors will be able to share BNB, TUSD, and FDUSD to farm pools of SEI tokens.
The total supply of tokens is 10,000,000,000 SEIof which 3% (300,000,000 SEI) is allocated to Launchpool.
Per hour it will be distributed:
- 33.333,33 SEI no pool do BNB
- 6250 SEI pooled with TUSD
- 2,083.33 SEI in pool with FDUSD
Where to buy, sell and store SEI
August 15, 2023 at 3:00 p.m. (Brasília time) Binance will list SEI and open trading in pairs:
- SEI/USDT
- SIX/BNB
- SIX/BTC
The asset may later be listed on other cryptocurrency exchanges.
As for storage, the Sei ecosystem is already ready to be supported or is supported by Coin98, BitKeep Wallet, Falcon Wallet, Leap Wallet and other services listed on the project's official website.
Frequently asked questions
Conclusion
We have seen the SEI cryptocurrency, which is a top-tier blockchain solution. It is characterized by the high speed and scalability of the blockchain network, which makes it an ideal tool for decentralized trading. Thanks to its technical features, this project has the potential to revolutionize decentralized finance and could become a key element in the future of the digital economy landscape. Support for the Binance cryptocurrency exchange also provides a good incentive for development.