Airdrop Details and Eligibility for Sei Network Growth

• Over 100,000 addresses actively support Sei Pacific-1 Mainnet, focusing on NFTs.
• Sei v2 features a fast, parallelized EVM blockchain for better scalability.
• 27.4 million SEI airdropped to 43,052 users based on staking and NFT collections.

Since the launch of the Sei Pacific-1 Mainnet in August, the network has seen remarkable growth. Over 100,000 addresses have actively delegated their voting power, playing a crucial role in securing the network. This development marks the beginning of Sei’s evolution into a dynamic economy. The primary application of Sei so far has been the exchange and creation of NFTs, with half a million individual NFT purchases and tens of millions of SEI in volume. Now, with the introduction of Sei v2 and its associated airdrop, the network is set to achieve new heights.

Sei v2: A New Era of Blockchain

Sei v2 introduces a highly performant, parallelized EVM blockchain. This new scaling approach for the Ethereum ecosystem achieves the fastest time to finality of any blockchain. The upgrade aims to enhance the user experience and scalability, making Sei a significant player in the blockchain space.

Understanding the Airdrop Process

How the Airdrop Works

The Sei Foundation’s second airdrop focuses on rewarding active users within the Sei ecosystem. A total of 27,421,200 SEI will be distributed to 43,052 unique addresses. This initiative aims to recognize and reward power users of the Sei Mainnet since its launch.

To check eligibility, users can visit the airdrop site. Eligible users need to connect their wallets and agree to the terms to receive their tokens. It’s important to note that no further user interactions are required. Tokens will be sent directly to eligible addresses at the start of “Phase 3” of the Sei v2 launch.

Key Dates and Eligibility Criteria

The eligibility for the airdrop is determined based on specific criteria:

• Snapshot Dates: Snapshots were taken on 05-16-24 00:00 UTC and 05-05-24 00:00 UTC.
• Top NFT Collections: Eligible collections include Seiyans, WeBump, Dob, Colony, Cappys, Alive1111, Outlines, and Yaka.

Exclusion Criteria

Addresses that meet the following conditions were excluded from the airdrop:

• Staked over 2,000,000 SEI
• Held over 2,000,000 liquid staked SEI tokens
• Held over 150 NFTs from the top 8 collections by volume

Airdrop #2 Allocations and Rewards

Airdrop Rewards for Active Participation

The airdrop rewards users for their involvement in securing Sei through staking and liquid staking, as well as for being collectors of top NFT communities. Wallet addresses were assigned points based on the eligibility criteria, ensuring a fair and transparent distribution of rewards.

Point Allocation System

The point allocation system is designed to reward active participation within the Sei ecosystem. Points were assigned based on:

• Staking Activities: Users who actively staked their SEI tokens.
• Liquid Staking: Users who participated in liquid staking of SEI tokens.
• NFT Collection: Collectors of NFTs from the top collections by lifetime volume.

Important Notes and Precautions

Security Measures

To ensure the security and integrity of the airdrop, Sei core contributors and wallets associated with the Sei Foundation or Labs are not permitted to participate. This measure is in place to prevent any conflicts of interest and ensure the airdrop is exclusively for the Sei community.

Avoid Scams

Users should be cautious of any websites or entities claiming to help with the airdrop. There is no need to return to any site to claim tokens. If an address is eligible, the tokens will be sent directly at the commencement of “Phase 3” of the Sei v2 launch.

Conclusion

Sei Network’s second airdrop is a significant event for the community, rewarding active participants and fostering further engagement. By understanding the eligibility criteria, key dates, and reward distribution process, users can fully benefit from this initiative. Stay vigilant and ensure you follow the official channels to check your eligibility and receive your tokens securely.

Disclaimer

The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.