Blockchain project Layer1 Sei recently announced the token economics of its native token $SEI, with a total supply of 10 billion. Among them, 48% of the tokens are allocated to ecosystem reserves, including staking rewards, ecological incentive plans, airdrops and rewards; 9% is allocated to the Sei Foundation; 20% is allocated to the Sei team; 20% is allocated to investors; 3% is allocated To Binance Launchpool.

Sei stated that a portion of the $SEI supply will be used for airdrops, incentivized testnet rewards, and ongoing plans to quickly distribute $SEI into the hands of users and the community. These airdrops and incentives are designed to reward real, active and pioneering users in the cryptocurrency space. 3% of the $SEI token supply has been allocated to the first reward pool, known as “Season 1.” Sei also stated that there will be no ICO or community sale.

Previously, a number of exchanges announced that they would list $SEI at 20:00 on August 15, Beijing time, including Binance, Bybit, Bitget, Kucoin and Upbit.