Halo Binancian,

Binance is pleased to announce the 36th project in the Binance Launchpool - Sei (SEI), a layer 1 blockchain optimized for digital asset exchange. The web page is expected to be available 5 hours before the Launchpool starts.

Users will be able to stake their BNB, TUSD, and FDUSD into separate pools to farm SEI tokens for 30 days. Farming starts from 02-08-2023 at 07.00 WIB.

Then, Binance will list SEI on 08-15-2023 at 19.00 WIB and open trading with SEI/BTC, SEI/USDT, and SEI/BNB trading pairs. The Seed Tag will be applied to the SEI.

Detail Launchpool Sei:

• Name Token: Sei (SEI)

• Total Token Supply: 10,000,000,000 SEI

• Launchpool Token Reward: 300,000,000 SEI (3% of total token supply)

• Initial Circulating Supply: 1,800,000,000 SEI (18% of total token supply)

• Detail Smart Contract: Six Token (SEI)

• Staking Conditions: KYC required

• Maximum Hourly Limit per User:

  • 33,333.33 SEI of BNB pool

  • 6,250 SEI of TUSD pool

  • 2,083.33 SEI pool FDUSD

Supported pools:

• Staking BNB (webpage will be available in about 5 hours): Reward of 240,000,000 SEI (80%)

• Staking TUSD (webpage will be available in about 5 hours): Reward of 45,000,000 SEI (15%)

• Staking FDUSD (webpage will be available in about 5 hours): Reward of 15,000,000 SEI (5%)

• Farming Period: 02-08-2023 at 07.00 WIB until 01-09-2023 at 06.59 WIB.

SEI Farming Distribution

Read about Sei (SEI) in our research report here which will be available within 30 minutes of this announcement being published.

Project Link

Website:  https://www.sei.io/

Whitepaper: https://github.com/sei-protocol/sei-chain/blob/master/whitepaper/Sei_Whitepaper.pdf

Twitter: https://twitter.com/SeiNetwork

Discord: https://discord.gg/sei

Blog: https://blog.sei.io/

Please note:

• A snapshot of the user's balance and total pool balance will be taken multiple times at random times every hour to obtain the user's average hourly balance and calculate the user's rewards. User rewards will be updated every hour.

• Users will be able to collect rewards (which are calculated every hour) and claim them directly to their spot account at any time.

• The annual percentage yield (APY) of each pool and the total pool balance will be updated in real time.

• You can only stake tokens in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but he can allocate 50% of his BNB to pool A and 50% to pool B.

• Users will be able to release funds from the staking pool at any time without delay and can immediately participate in other available pools.

• Tokens used for staking in each pool along with unclaimed rewards will be automatically transferred to the user's spot account at the end of the farming period.

• Binance BNB Vault will support Launchpool SEI. Users who have staked their BNB in ​​the BNB Vault will automatically participate in the SEI Launchpool and receive daily SEI rewards in their Spot Wallet.

• BNB staked in Launchpool will still give users the same benefits you get by holding BNB, namely airdrops, Launchpad, and VIP benefits.

Participation in Launchpool is subject to eligibility based on the user's country or region of residence.

Please note that the list of excluded countries below is not exhaustive and is subject to change by changes in local rules, regulations or other considerations.

Users must complete account verification and be from an eligible jurisdiction to participate in SEI farming.

Currently, users living in the following countries or regions will not be able to participate in SEI farming: Belarus, Cuba, Crimea Region, Democratic Republic of the Congo, Iran, New Zealand, Netherlands, North Korea, South Sudan, Syria, United States and its territories ( American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and US Virgin Islands), Zimbabwe.

This list may be updated periodically to accommodate changes in laws, regulations or other factors.

Thank you for your support!

Tim Binance

01-08-2023

Note: This announcement was last updated on 2023-08-01.