Introducing Sei (SEI) on Binance Launchpool! Farm SEI by Staking BNB, TUSD and FDUSD

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By BitcoinWiki News

– Binance announces the addition of the 36th project on Binance Launchpool called Sei (SEI).
– Sei is a layer 1 blockchain optimized for the exchange of digital assets.
– Users can stake their BNB, TUSD, and FDUSD into separate pools to farm SEI tokens over 30 days.
– Farming starts from 2023-08-02 00:00 (UTC), and SEI will be listed on Binance at 2023-08-15 12:00 (UTC) with trading pairs SEI/BTC, SEI/USDT, and SEI/BNB.
– The total token supply of SEI is 10,000,000,000 SEI, with 300,000,000 SEI available as Launchpool token rewards.
– The initial circulating supply of SEI is 1,800,000,000 SEI.
– KYC verification is required for staking.
– There are hourly hard caps per user for each pool.
– Three pools are supported: BNB, TUSD, and FDUSD, with varying reward amounts.
– Farming period is from 2023-08-02 00:00 (UTC) to 2023-08-31 23:59 (UTC).
– Snapshots of user balances will be taken hourly to calculate rewards, which can be claimed to users’ spot accounts at any time.
– Tokens can only be staked in one pool at a time.
– Unstaking is allowed at any time with no delay.
– Tokens staked in each pool and unclaimed rewards will be transferred to users’ spot accounts at the end of the farming period.
– Binance BNB Vault supports the SEI Launchpool, allowing users who have staked their BNB in the vault to participate and receive SEI rewards.
– Eligibility for participation in the Launchpool is based on the user’s country or region of residence.
– Account verification is required, and users from certain countries are excluded from participating.
– The excluded countries include Belarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, Netherlands, North Korea, South Sudan, Syria, United States of America and its territories, Zimbabwe.
– Binance reserves the right to amend or cancel the announcement at any time without prior notice.
– Users are advised to be aware of the high market risk and price volatility associated with digital assets and to make investment decisions carefully.

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