Sei Network, a trading-focused Layer 1 blockchain, has announced the tokenomics framework and community incentives for its native token, SEI.
The token will serve multiple purposes on the Sei blockchain, such as paying network fees, staking for security, voting for governance, and providing application collateral.
The token supply is capped at 10 billion SEI, with 51% allocated to the community through various programs, such as airdrops, testnet rewards, and ongoing campaigns.
The project aims to empower its users and community members with its creative and forward-looking token distribution strategy.
Utility, Distribution, and Rewards for SEI Token
The SEI token is the native currency of the Sei blockchain. It is designed to offer the best infrastructure for trading apps of all kinds, including decentralized exchanges (DEXs), NFT marketplaces, and gaming platforms.
The token serves multiple functions on the network, such as paying network fees, staking for security, voting for governance, and providing collateral for applications. The token supply is fixed at 10 billion SEI, with no inflation or deflation.
Different sectors receive token allocations based on their roles and purposes, such as ecosystem development, foundation operations, team incentives, launchpool rewards, and private sale funding.
Over half of the tokens (51%) go to the community as the most notable feature of the SEI token distribution. Various programs reward users and community members for their engagement and contribution with these tokens.
These programs include airdrops, testnet rewards, and ongoing campaigns. The programs are part of a dedicated rewards pool called “Season 1”, which has been earmarked with 3% of the SEI token supply (300 million SEI).
The project plans to launch more seasons in the future with different themes and objectives.
