Layer-1 Sei Announces Second Airdrop

Sei Foundation has announced its second airdrop for project supporters, with a total of 27 million SEI tokens, equivalent to 15 million USD.

Layer 1 Sei Announces Second Airdrop Azc

Sei, a Layer 1 blockchain built on the Cosmos SDK, recently conducted its second airdrop, distributing 27 million SEI tokens to users on the evening of May 28 (UTC). This airdrop is part of “Phase 2” in preparation for the upcoming launch of the Sei V2 upgrade, which will be compatible with the EVM (Ethereum Virtual Machine).

Sei Airdrop Details

Sei

In this airdrop, Sei distributed over 27 million SEI tokens to 43,052 active contributors since the Sei Mainnet launch in August 2023. Users can now check their eligibility for the airdrop, but claiming the tokens is not yet possible. Eligible users must complete the eligibility verification before “Phase 3” of the Sei V2 update begins. Once Phase 3 starts, the SEI tokens will be automatically transferred to the wallets of eligible users.

 This second airdrop targets users who have enhanced the Sei network’s security through staking and liquid staking, as well as those holding NFTs from top collections within the Sei ecosystem. Snapshots for staking participants were taken on May 16, and for NFT holders on May 24.

The number of SEI tokens airdropped to eligible wallets is based on a points system as follows:

Point

  • 1 Point: 200 SEI
  • 2 Points: 3,000 SEI (approximately $1,650)
  • 3 Points and above: 6,000 SEI (approximately $3,300)

Readers can check their airdropped tokens here.

However, some users have reported not receiving the airdrop despite being eligible. The Sei Foundation is currently addressing this issue and will provide updates to allow users to recheck their eligibility.

According to a blog post from the Sei Foundation on May 29, this is only the second airdrop, indicating that more airdrops are planned for the future. Despite negative reactions to the first airdrop, this second distribution has successfully improved Sei’s reputation, attracting more users to the upcoming Sei V2 upgrade.

Related: How to Participate in the EtherMail Airdrop

Chart SEI

At the time of writing, SEI is trading at $0.52 per token with a market capitalization of $1.5 billion, showing little fluctuation following the airdrop announcement.

Sei Coinmarketcap

4.5/5

(2 votes)
  1. Avatar of Mohammed Rabiu Ahmed
    Mohammed Rabiu Ahmed

    Sei when will second round of Airdrop commence.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Azcnews Donald Trump Officially Elected, Promises Abound For The Crypto Market

News | Bitcoin | Editor Choice

Donald Trump Officially Elected, Promises Abound for the Crypto Market

Donald Trump has officially won against Kamala Harris to become the 47th President of the United States. This promises to bring positive waves to the cryptocurrency market.

Binance Lists Cow (cow) And Cetus (cetus) Right After Bitcoin Reaches Ath

News | Altcoin | Editor Choice

Binance Lists Cow (COW) and Cetus (CETUS) Right After Bitcoin Reaches ATH

Binance has announced the simultaneous listing of two tokens, Cow (COW) and Cetus (CETUS), at 12:00 PM (UTC) on November 6, 2024.

Azcnews Bitcoin Surges To $75,000, Reaches All Time High

News | Bitcoin | Editor Choice

Bitcoin Surges to $75,000, Reaches All-Time High

Bitcoin surged to $75,000 today, hitting a new all-time high, as Donald Trump trails Kamala Harris in the polls.

Azcnews Bitcoin Surges Past $71,000 As Trump Pulls Ahead Of Harris

News | Bitcoin | Editor Choice

Bitcoin Surges Past $71,000 as Trump Pulls Ahead of Harris

Bitcoin and the cryptocurrency market have surged during the tense US presidential election, with Donald Trump holding a large lead over Kamala Harris.

Guide To Participating In Nodepay Airdrop (update)

Airdrops | Editor Choice

Guide to Participating in Nodepay Airdrop (Update)

Join the Nodepay Airdrop hunt—a DePIN project similar to the recently airdropped Grass. Nodepay has successfully raised funds from Animoca Brands, Jump Crypto, and Elevate Community Ventures, and is currently running a Point earning program for users.