- The Sei v2 replace introduces sub-second transaction finality, bettering scalability.
- Sei Basis is implementing fairer eligibility standards for the token distribution occasion.
- SEI token worth falls 3.91% to $0.5185 amid distribution of 27 million tokens after v2 replace.
The SEI token skilled a notable drop in worth, down 3.91% over the previous 24 hours to $0.5185 at press time, coupled with a 19.51% lower in buying and selling quantity over the previous 24 hours.
This drop comes amid the distribution of greater than 27 million SEI tokens following the profitable Sei Basis model 2 replace.
Reward for energetic participation within the SEI ecosystem
The Sei Basis initiated the distribution of greater than 27 million tokens by means of an airdrop occasion to reward energetic participation within the ecosystem for the reason that launch of the Pacific-1 Mainnet.
The second-of-its-kind occasion acknowledges the contributions of Mainnet customers, reflecting the muse’s dedication to foster neighborhood inclusion.
The distribution course of, nonetheless, has confronted criticism concerning equity in mild of earlier airdrop occasions. To handle this situation, the fund has launched eligibility standards that guarantee fairer distribution.
Addresses holding greater than 42 SEI tokens or liquid stakes, in addition to these holding two or extra NFTs from the highest eight collections by quantity, have been eligible to obtain tokens.
Notably, addresses with exceptionally excessive SEI content material or NFT collections have been excluded from the distribution with a view to promote equity amongst individuals.
Efficiently up to date Sei v2
The profitable improve to v2 marks a major milestone for the Sei community, introducing subsecond transaction finality and enhanced scalability.
With transactions now confirmed and accomplished in lower than one second, the community goals to enhance person expertise and compete successfully with different parallelized EVM networks equivalent to Monad and Neon.
DevilK, government director of the Sei Basis, expressed optimism concerning the replace, highlighting its potential to open up new alternatives for customers and builders.
Because the token distribution continues and the community evolves with the v2 replace, stakeholders stay vigilant, evaluating each the technological advances and market dynamics shaping the cryptocurrency ecosystem.