Author Rosalia Mazza
In a significant move, Binance has unveiled its 36th and 37th projects on the Binance Launchpool platform, introducing the much-anticipated Sei (SEI) and CyberConnect (CYBER) tokens to its vast user base.
Spotlight on Sei (SEI)
Sei, delineated by its ticker SEI, is a Layer 1 blockchain optimized for digital asset exchange.
Token Specifications for SEI:
Total Supply: A whopping 10 billion SEI tokens have been minted.
Launchpool Rewards: Users can reap rewards amounting to 300 million SEI, which constitutes 3% of the entire supply.
Initial Circulating Supply: Upon launch, 1.8 billion SEI (18% of the total supply) will be in circulation.
Smart Contract: The Sei Token operates under the label "SEI".
Staking and Farming Information:
Staking Requirements: Users are mandated to complete KYC procedures.
Hourly Hard Cap per User: The BNB pool offers 33,333.33 SEI, the TUSD pool 6,250 SEI, and the FDUSD pool 2,083.33 SEI.
Supported Pools: Binance users can stake in BNB (240 million SEI), TUSD (45 million SEI), and FDUSD (15 million SEI) pools, constituting 80%, 15%, and 5% of the rewards respectively.
Farming Period: Token farming is set from August 2 to August 31, 2023.
Furthermore, SEI will make its debut in the trading market on August 15, 2023, and will be available in SEI/BTC, SEI/USDT, and SEI/BNB trading pairs.
Introducing CyberConnect (CYBER)
CyberConnect, represented by the ticker CYBER, is a pioneering Web3 Social Network crafted specifically for developers.
Token Specifications for CYBER:
Total Supply: The total minted supply stands at 100 million CYBER tokens.
Launchpool Rewards: 3 million CYBER tokens, equating to 3% of the total, are up for grabs as rewards.
Initial Circulating Supply: 11.04 million CYBER tokens, which is 11.04% of the total, will be in circulation upon the launch.
Smart Contract Platforms: CyberConnect operates across multiple platforms including Ethereum, BNB Smart Chain, and Optimism.
Staking and Farming Details:
Staking Requirements: A completed KYC is essential for staking.
Hourly Hard Cap per User: For the BNB pool, users can get 333.33 CYBER, for TUSD pool 62.50 CYBER, and for FDUSD pool 20.83 CYBER.
Supported Pools: Staking options include BNB (2.4 million CYBER), TUSD (450,000 CYBER), and FDUSD (150,000 CYBER) pools, which make up 80%, 15%, and 5% of rewards respectively.
Farming Period: Set between August 2 and August 31, 2023.
Mark the date, as CYBER will be listed on August 15, 2023, with trading pairs including CYBER/BTC, CYBER/USDT, and CYBER/BNB.
When will SEI and CYBER be launched? Launch Date and Key Details
Both SEI and CYBER are set for an official listing on August 15, 2023. These projects introduce distinct functionalities within the blockchain ecosystem.
Sei is geared towards streamlining digital asset exchanges, while CyberConnect is positioned to offer a platform for Web3 social applications tailored for developers.
For those interested, Binance provides an option to stake BNB, TUSD, and FDUSD tokens, enabling the possibility to farm both SEI and CYBER tokens during the stipulated 30-day period.