ChainCatcher news, Sei officially announced token economics. The total supply is capped at 10 billion, 51% has been allocated to the community, of which 48% is allocated to ecosystem reserves, including staking rewards, ecosystem plans and Sei airdrops and rewards. 9% of tokens are allocated to the Foundation Vault; 3% of tokens are allocated to Launchpool.

In terms of airdrops, a portion of the SEI supply is allocated to airdrops, incentivized testnet rewards, and ongoing programs designed to quickly distribute SEI into the hands of users and the community. These SEI airdrops and incentives are designed to reward true, active and pioneering users in the cryptocurrency space. 3% of the SEI token supply has been allocated to the first reward pool, called “Season 1.”

It is reported that SEI token functions include network fees, DPoS validator staking, governance, native collateral, fee market, and transaction fees.