According to Foresight News: Sei has officially announced its tokenomics, with a total supply cap of 10 billion tokens. 51% of the supply has been allocated to the community, with 48% designated for ecosystem reserves, including staking rewards, ecosystem projects, and Sei airdrops and rewards. 9% of the tokens have been allocated to the foundation treasury, and 3% to Launchpool.
In terms of airdrops, a portion of the SEI supply has been distributed for airdrops, incentivized testnet rewards, and ongoing programs aimed at rapidly distributing SEI to users and the community. These SEI airdrops and incentives are designed to reward genuine, active, and pioneering users in the cryptocurrency space. 3% of the SEI token supply has been allocated to the first rewards pool, called 'Season One.'
SEI token functions include network fees, DPoS validator staking, governance, native collateral, fee markets, and transaction fees.
