SEI token price has caught the attention of all crypto traders. It is the newly launched layer 1 blockchain network with smart contract functionality. The project promised airdrop to its early users, which seems to have been delayed after the exchange listing.
After the Binance listing, crypto enthusiasts are eagerly waiting for the SEI airdrop, which is expected to cover a large community. However, while most projects airdrop their tokens right after launch, the SEI network has taken a different approach. This has resulted in a massive backlash from the crypto community.
SEI coin is the native asset of the SEI Network, which has a variety of use cases in the whole ecosystem. The digital asset can be used to pay gas fees, validator staking, collateral on DeFi protocols, etc. The Layer 1 platform gained a lot of hype as many users flocked to its testnet anticipating a lucrative airdrop.
However, according to the latest announcement, the project has postponed the airdrop until the end of an initial warmup period. The timeline of the said period is still unclear. This has triggered a lot of frustration in the community, who were expecting an airdrop earlier before the exchange listing.
Due to the project’s hype on social media, the biggest exchanges like Binance and Cooinbase have announced the listing of SEI coins. The newly launched digital asset started changing hands on Binance on August 15, attracting a lot of new capital.
It is too soon to make any long-term SEI token price prediction as there is no price history. Nevertheless, considering its circulating supply of $1.8 billion coins, a $1 price target seems to be quite far away. At the time of writing, the cryptocurrency is trading at $0.21 after getting rejected from the $0.45 level.
If you have missed SEI airdrop, don’t worry, as I regularly mention such opportunities on my Twitter, where you are welcome to follow me.
This post was last modified on Aug 16, 2023, 16:31 BST 16:31