The world of blockchain and cryptocurrency is constantly evolving and one project that has been making headlines lately is SEI, a #blockchain layer 1 platform focused on transactions. With its recent successful funding round raising $30 million, SEI has achieved a remarkable valuation of $800 million, attracting the attention of investors and enthusiasts alike.

SEI's journey to date has been impressive, with a series of notable milestones that speak to the platform's potential and growing popularity. Notably, the project recorded a staggering total transactions of 100 million, a testament to its robustness and scalability. Furthermore, more than 4 million testers have participated in the SEI testnet, contributing to its stability and improvement. This extensive testing phase reflects the team's commitment to providing a reliable and secure platform for users.

Another sign of SEI's strength is the significant developer interest. 120 notable projects have chosen to build on the SEI blockchain, showing that it is becoming an attractive option for decentralized application (dApp) development. The participation of such a large number of developers is likely to spur innovation on the SEI network and could lead to the expansion of its use cases.

A key contributing factor to SEI's success and growth potential is its talented team. Comprised of former employees from established organizations such as Goldman Sachs, Databricks, Robinhood, Google and Nvidia, the team brings a wealth of experience and expertise to the project. Such a diverse and skilled team is crucial to navigating the complex and rapidly evolving crypto landscape.

SEI's total token supply is 10,000,000,000. However, only 18% of this supply is available for circulation after listing, equivalent to 1,800,000,000 tokens. The remaining 82% will be locked and unlocked gradually over time, potentially affecting the dynamics and scarcity of the token.

The 18% circulating supply breakdown is as follows:

1. Testnet Rewards: 1% of total token supply has been allocated to reward testnet participants #SEI. This encourages user participation and helps align the platform before launch official.

2. Binance Launchpool: 3% of total token supply is reserved for Binance Launchpool. This strategic partnership with the popular exchange can significantly increase liquidity and visibility for SEI tokens.

3. Development Fund: The largest portion of the circulating supply, 14%, will be allocated to the development fund. This fund will be used to promote the continuous improvement and expansion of the SEI blockchain.

Based on available information, experts and analysts have suggested a price range for the SEI token between $0.09 and $0.30. However, it is important to note that the cryptocurrency market is highly volatile and influenced by a multitude of factors, including market sentiment, adoption rates, and regulatory developments. Therefore, investors should be cautious and research thoroughly before making any investment decisions.

The journey of SEI, a transaction-focused #layer 1 blockchain, has been marked by important achievements and milestones. The project's impressive funding round and valuation, as well as its growing community of testers and developers, show the platform's promising potential. However, with any investment in the cryptocurrency space, investors need to carefully evaluate the risks and potential rewards before making a decision.

Binance will list SEI on its platform at 19:00 on August 15, 2023 (Vietnam time).

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