Staking and Trading SEI (Listed Binance August 2023) in Binance Launchpool

Binance is set to add Sei (SEI) to its Launchpool platform, enabling users to stake their BNB, TUSD, and FDUSD tokens in separate pools to farm SEI tokens over a 30-day period. The farming is scheduled to commence on August 2, 2023, at 00:00 (UTC).

Sei (SEI) is a layer 1 blockchain created to optimize the exchange of digital assets. As the 36th project on Binance Launchpool, SEI will be available for trading in SEI/BTC, SEI/USDT, and SEI/BNB pairs starting August 15, 2023, at 12:00 (UTC). The Seed Tag will also be applied to SEI.

The pertinent details regarding the Sei Launchpool initiative are as follows:

  • Token Name: Sei (SEI)
  • Total Token Supply: 10,000,000,000 SEI
  • Launchpool Token Rewards: 300,000,000 SEI (3% of the total token supply)
  • Initial Circulating Supply: 1,800,000,000 SEI (18% of the total token supply)
  • Smart Contract: Sei Token (SEI)
  • Staking Requirements: KYC is mandatory

Moreover, the hourly caps per user for each pool are as follows: 33,333.33 SEI for the BNB pool, 6,250 SEI for the TUSD pool, and 2,083.33 SEI for the FDUSD pool. – Crypto forum discussions about all aspects of cryptocurrency bitforum #SocialFi #InnovationSocialNetwork