Introduction
This article discusses the recent launch of the SEI crypto project and the airdrop released to early users of the blockchain. It addresses the disappointment expressed by community users regarding the token distribution and highlights the details of the project.
Key Points
– The SEI crypto project is an open-source layer-1 blockchain that aims to provide users with a better infrastructure than other blockchains. It has high transaction throughput and execution speed, making it faster than Bitcoin, Ethereum, and Solana.
– The project utilizes Cosmos SDK and the Central Limit Order Book (CLOB) to handle decentralized finance transactions. It is also compatible with inter-blockchain communication (IBC), allowing dApps based on Cosmos to easily integrate with SEI.
– SEI launched its native infrastructure token on Binance and other major exchanges. Alongside the listing, an airdrop was conducted for early users of the network in testnet and active users in other blockchains.
– The airdrop eligibility criteria include participants of the Incentivized Testnet Atlantic 2 event and active users of Ethereum, Arbitrum, Optimism, Solana, Polygon, Binance Smart Chain, and Osmosis networks.
– The token launch and airdrop received negative feedback from the community due to the low rewards and prioritization of Binance traders. The disappointment led to the hashtag #SeiScam trending on Twitter.
Hot Take
The SEI token launch and airdrop sparked controversy among community users, with many expressing their disappointment in the distribution process. The low token allocation and prioritization of Binance traders led to widespread anger. The SEI team will need to address these concerns and find ways to regain the trust of their community.
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