Cryptocurrency exchange Binance has announced that two altcoin projects will be added to Binance Launchpool. In the announcement made by the exchange, it was stated that Sei Network (SEI) and CyberConnect (CYBER) will be added to Binance Launchpool. Binance users will be able to stake BNB, TUSD, and FDUSD in the pools created on Binance Launchpool and earn SEI and CYBER tokens.
Sei Network and CyberConnect are the Latest Projects on Binance Launchpool
Binance, the world’s largest cryptocurrency exchange, has announced Sei Network as the 36th project listed on Binance Launchpool and CyberConnect as the 37th project. Users will be able to stake BNB, TUSD, and FDUSD in the Launchpool pools, which are expected to be available in the next 5 hours, and earn SEI and CYBER tokens.
For Sei Network, users can stake their BNB, TUSD, and FDUSD in separate pools and farm SEI tokens for 30 days, starting on August 2nd at 03:00.
For CyberConnect, users can also stake their BNB, TUSD, and FDUSD in separate pools and farm CYBER tokens for 30 days, starting on August 2nd at 03:00, just like SEI tokens.
Token Distribution Details
A total of 300 million SEI tokens, equivalent to 3% of the total SEI token supply, have been allocated for Sei Network farming. For CyberConnect, 3 million CYBER tokens, equivalent to 3% of the total CYBER token supply, have been allocated.
80% of the total reward amount allocated for BNB stakers for both SEI and CYBER, 15% for TUSD stakers, and 5% for FDUSD stakers will be distributed.
