Binance has announced the launch of Sei (SEI) on Binance Launchpool, a layer 1 blockchain optimized for the exchange of digital assets. Users can stake their BNB, TUSD, and FDUSD to farm SEI tokens over 30 days, starting from August 2, 2023. Binance will list SEI on August 15, 2023, with SEI/BTC, SEI/USDT, and SEI/BNB trading pairs.
The launchpool rewards 300,000,000 SEI tokens, representing 3% of the total token supply of 10,000,000,000 SEI. The initial circulating supply is 1,800,000,000 SEI, or 18% of the total token supply. KYC is required for staking, and there are hourly hard caps per user for each pool.
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