Sei Foundation announced a major update for the community by distributing over 27 million SEI tokens following a successful v2 upgrade. This airdrop event has been aimed at rewarding active participation in the ecosystem since the Pacific-1 Mainnet launch. The second airdrop event conducted by the Sei Foundation aims to reward Mainnet users.
Sei Team Initiates Airdrop Step
The development has evolved since last August with over 100,000 addresses delegating voting power to the Pacific-1 Mainnet. The NFT trade volume increased as users conducted half a million purchase transactions and generated tens of millions of SEI volume.
Focusing on active usage and participation, the airdrop event will distribute over 27 million tokens to 43,052 addresses. Eligible wallet addresses include those holding more than 42 SEI or liquid staked tokens and possessing two or more NFTs from the top eight collections by volume. Addresses containing over 2,000,000 SEI or more than 150 NFTs from the top collections were excluded. The foundation aimed to ensure a fairer distribution this time in response to previous criticisms.
The first parallelized Ethereum Virtual Machine-supported blockchain network, Sei v2, is now live on Mainnet beta. This upgrade provides sub-second transaction finality, with the network now confirming and completing transactions in under one second to enhance user experience. Advanced features like parallelized execution position it to compete with other parallelized EVM networks such as Monad and Neon. A Sei Foundation executive, DevilK, shared the following statement:
“With Sei V2 now live, the network offers the fastest time to finality and enhanced scalability, opening new opportunities for users and developers.”
Notable Details for SEI
Sei Foundation’s airdrop event appreciates the contributions of existing users and attracts new participants to the ecosystem. As Sei continues to develop and expand its offerings, users should check their eligibility for the airdrop and stay informed about upcoming developments.
Despite the news, SEI experienced a 3.54% drop following the broader cryptocurrency market trend. At the time of writing, the token ranks 75th by market cap and is trading at $0.53.
