Sei Network: SEI tokens have 6 major use cases, and 3% of tokens have been allocated to the first season reward pool

PANews reported on August 15 that according to the official blog, the public chain Sei Network announced the SEI token economics. The SEI token has a total of 6 uses: 1. Network fees: pay transaction fees on the Sei blockchain; 2. DPoS validator pledge: SEI holders can choose to delegate their token shares to validators, or pledge SEI to run their own validators to ensure the security of the network; 3. Governance: SEI holders can participate in future protocol governance; 4. Native collateral: SEI can be used as local asset liquidity or collateral for applications built on the Sei blockchain; 5. Fee market: users can pay tips to validators to give priority to their transactions, which can be shared with users who delegate to the validator; 6. Transaction fees: SEI can be used as fees for exchanges built on the Sei blockchain.

Regarding airdrops, a portion of the SEI supply is allocated to airdrops, incentivized testnet rewards, and ongoing initiatives 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."

The total amount of tokens and the distribution ratio in this update have not changed compared to the previous announcement. According to the previous news on August 1, the total supply of SEI is 10 billion, of which 20% will be allocated to private investors, 20% will be allocated to the team, 9% will be allocated to the foundation, 48% will be allocated to ecological reserve funds, and 3% will be used as Binance Launchpool rewards.