TLDR:

  • Binance users can stake BNB, TUSD, or FDUSD to get SEI tokens from August 2nd to August 31st.

  • SEI tokens will be tradable on Binance with BTC, USDT, and BNB pairs from August 15th at 6:30 PM.

  • SEI is the native token of Sei network, a fast and scalable layer 1 blockchain.

  • SEI rewards will be distributed daily and automatically added to the spot wallet.

  • BNB holders can get more SEI rewards by staking longer.

Full version:

Binance is launching a new token called SEI, which is the native token of the Sei network. The Sei network is a layer 1 blockchain that claims to be 10 times faster than Solana and can process up to 20,000 transactions per second. The SEI token is required for everything done on the Sei network, such as paying fees, staking, and governance.

From August 2nd to August 31st, Binance users can stake their BNB, TUSD, or FDUSD in the launch pool and get SEI tokens as rewards. The total amount of SEI tokens allocated for the launch pool is 300 million, which is 3% of the total supply of 10 billion. The launch pool will distribute SEI tokens proportionally to the staked amount of each token. The more BNB you stake, the more SEI you get. The same applies to TUSD and FDUSD.

On August 15th at 6:30 PM, Binance will open trading for SEI/BTC, SEI/USDT, and SEI/BNB pairs. Users can buy or sell SEI tokens on the spot market. The initial circulating supply of SEI tokens will be 18% of the total supply, which includes the launch pool rewards, the private sale tokens, and the ecosystem and foundation tokens. The rest of the supply will be unlocked gradually over time.

SEI rewards will be distributed at 6:30 am every day to the users’ spot wallets. Users can claim their rewards manually or let them accumulate until the end of the launch pool period. The rewards will be automatically added to the spot wallet if not claimed. Users who have BNB in the BNB Vault will also participate in the launch pool and get SEI rewards.

Binance launch pool is a great opportunity for BNB holders to get new tokens with every breath. By staking longer, users can increase their chances of getting more SEI rewards. To join the launch pool, users can visit https://launchpad.binance.com/en/launchpool/SEI_BNB and stake their BNB, TUSD, or FDUSD.