๐ Gem Project Analysis!๐ #Cosmos Ecosystem #Layer-1 Gem Project SEI ๐
๐๐๐ก Join the Revolution with SEI! This cutting-edge Cosmos-based blockchain is set to transform the world of digital asset trading. It combines the speed and ease of centralized exchanges with the security and decentralization of the blockchain. ๐
๐ Here's a thread to dive deeper into the exciting features and potential of #sei ๐งต๐
1๏ธโฃ Introduction & Overview: SEI is a Cosmos-based layer-1 blockchain designed to revolutionize digital asset trading. It offers the speed and ease of centralized exchanges without compromising on security and decentralization.
2๏ธโฃ Technology & Features: SEI uses a Twin Turbo consensus mechanism powered by the Cosmos SDK and Tendermint Core. It provides lightning-fast transactions and offers 500 milliseconds in transaction finality.
3๏ธโฃ Whitepaper Analysis: SEI whitepaper shows the project's vision is clear: to create a decentralized and asset-agnostic trading platform.
4๏ธโฃ Use Case: SEI is tailored for the exchange of digital assets like NFTs and social tokens. It aims to be the ideal destination for high-performance, user-friendly applications in Web3.
5๏ธโฃ Team and Leadership: SEI was co-founded by Jeffrey Feng and Jayendra Jog. The core team behind SEI Network is Sei Labs, comprising members with experience in tech and traditional companies.
6๏ธโฃ Partnerships: SEI is trusted by world-class operators, investors, and institutions. Itโs backed by prominent investors Jump Crypto and Multicoin Capital.
7๏ธโฃ Security and Audits: SEI prioritizes security above all else. The SEI V2 code is being audited by Zellic and OtterSec, two blockchain security firms.
8๏ธโฃ Tokenomics and Supply Detail: The total supply of SEI is capped at 10 billion tokens and current supply is 2.68 billion tokens.
9๏ธโฃ Exchanges: Binance, Bybit, DigiFinex, BingX, and Bitget.