Sei

What is the token?

Sei (SEI) is a Layer 1 blockchain that is specialized for the exchange of digital assets. It is designed to address the scalability and efficiency challenges faced by exchanges, optimizing every layer of its infrastructure to offer the best trading app experience. Sei is unique in that it features a built-in on-chain orderbook, allowing smart contracts to access shared liquidity. This makes it particularly suitable for applications such as gaming economies, NFT marketplaces, and social trading apps. Sei’s architecture is built to be the fastest in the industry, with a focus on reliability, security, and high throughput, which is essential for the performance of DeFi products.

Tokenomics

• Total Token Supply:

• 10,000,000,000 SEI.

• Launchpool Token Rewards:

• 300,000,000 SEI (3% of total token supply).

• Initial Circulating Supply:

• 1,800,000,000 SEI (18% of the total token supply).

• Allocation for Private Sale Investors:

• 20% (2,000,000,000 SEI).

• Allocation for Team:

• 20% (2,000,000,000 SEI).

• Allocation for Foundation:

• 9% (900,000,000 SEI).

• Allocation for Ecosystem Reserve:

• 48% (4,800,000,000 SEI).

Market Data

As of today #{today’s date}, the price of Sei is ₹34.05 INR or 0.3681 USD, with a 24-hour trading volume of 47610876.62 USD. The market capitalisation for Sei is 1165951745.59USD. The circulating supply is 3175000000 Sei, with the total supply also being 10000000000 Sei.

Token Pros and Cons

Pros:

• Specialized Infrastructure

• : Sei is tailored for trading, optimizing for scalability and efficiency in digital asset exchanges.

• On-Chain Orderbook

• : The built-in orderbook allows for shared liquidity and efficient trading across various applications.

• High Throughput and Speed

• : Sei boasts industry-leading transaction speeds and throughput, essential for trading applications.

• Security Focus

• : Sei emphasizes security, using battle-tested architecture to ensure the safety of digital assets.

• Ecosystem Growth

• : With over 20 dApps already building on Sei, there is potential for a robust and diverse ecosystem.

Cons:

• Complexity

• : The specialized nature of Sei’s infrastructure may present a learning curve for developers and users.

• Competition

• : Sei faces competition from other Layer 1 blockchains and specialized trading platforms.

• Adoption

• : The success of Sei depends on the adoption rate of its platform by developers and users.

• Regulatory Risks

• : As with all crypto assets, there is a risk of changing regulations that could affect Sei’s operations.

• Market Volatility

• : The value of SEI, like all cryptocurrencies, is subject to market volatility.

Why Should You Invest in the coin?

• Innovative Trading Focus

• : Sei’s unique on-chain orderbook and trading specialization make it a standout investment.

• Rapid Execution

• : The platform’s speed and efficiency could attract a significant user base, potentially increasing the value of SEI.

• Growing Ecosystem

• : The increasing number of dApps on Sei indicates a growing ecosystem that could drive demand for SEI.

• Backing by Major Investors

• : Sei has received support from elite global institutions, which could be indicative of its potential success.

• Environmental Commitment

• : Sei’s commitment to carbon neutrality may appeal to environmentally conscious investors.

USP of the coin

• Built-in On-Chain Orderbook

• : Sei’s on-chain orderbook is a unique feature that sets it apart from other blockchains.

• Sector-Specific Layer 1

• : Sei is the first sector-specific Layer 1 blockchain, specialized for trading.

• Twin-Turbo Consensus

• : Sei’s consensus mechanism is designed for high performance and rapid block finality.

Problem the coin is solving

Sei aims to solve the scalability and efficiency problems faced by exchanges on current Layer 1 blockchains. By providing a specialized infrastructure with a built-in on-chain orderbook, Sei enables smart contracts to access shared liquidity and offers a platform optimized for the exchange of digital assets.

Founder and team background

• The Sei Network is a Layer 1 blockchain designed specifically for trading applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. It was developed by a team with strong backgrounds in both finance and technology.

• The key individuals behind Sei Network include Jeffrey Feng, Jayendra Jog, and Dan Edlebeck. Jeffrey Feng has investment expertise from his time at Goldman Sachs, Jayendra Jog was a software engineer at Robinhood before co-founding Sei, and Dan Edlebeck was the former CEO at Exidio, a decentralized VPN application within the Cosmos ecosystem.

ICO Price

Sei Network successfully raised $30 million in two strategic funding rounds in April 2023. The investment came from leading investors such as Jump Crypto, Distributed Global, Multicoin, Asymmetric, Flow Traders, Hypersphere, and Bixin Ventures. Sei Network’s ICO details are as follows:

• Launchpool on Binance

• : Sei held a Launchpool on August 2, 2023, on Binance.

• Token Sale Price

• : The SEI token was priced at $0.8558 during the token sale.

• Market Cap

• : Shortly after the token sale, the market cap reached approximately $1.54 billion.

• Returns since ICO

• : The token price has seen returns of 10.7x in USD, 5.9x in ETH, and 5.59x in BTC since the ICO.

• Total Token Supply

• : 10,000,000,000 SEI.

• Launchpool Token Rewards

• : 300,000,000 SEI (3% of the total token supply).

• Private Sale Price

• : The private sale price was $0.04.

• Listing Date

• : SEI was listed on Binance on August 15, 2023.

• Price Fluctuations

• : Following its launch, SEI reached a high of $0.47 but then declined to $0.14 within two days. As of November 16, 2023, the SEI price was $0.16.

The Sei Network aims to address the limitations of existing Layer 1 blockchains by providing a specialized infrastructure for trading applications, with features such as Twin-Turbo consensus, parallelization, native price oracles, and a native order matching engine.

Risks Associated in Investing in the Coin

• Market Competition

• : Sei must compete with established Layer 1 blockchains and specialized trading platforms.

• Adoption Risk

• : The platform’s success is contingent on widespread adoption by developers and users.

• Regulatory Changes

• : Potential regulatory changes could impact the operation and value of SEI.

• Technical Risks

• : As a complex blockchain infrastructure, Sei may face technical challenges that could affect its performance.

• Liquidity Risk

• : The availability of liquidity on the platform is crucial for its success and could be a risk factor.

Whitepaper Insights

The Sei whitepaper presents Sei as a Layer 1 blockchain specifically designed for trading applications. It is built to be the go-to platform for exchanges and trading apps, addressing the common challenges of scalability, speed, and reliability that many applications face as they scale beyond their initial adoption phase. Sei aims to support the exponential growth of trading as the most widely adopted use case in crypto by introducing novel approaches at the protocol level.

Key Innovations and Features

• Twin-Turbo Consensus

• : Sei employs a unique consensus mechanism that optimizes block propagation, transaction ordering, and block processing. This consensus is designed to minimize latency and maximize throughput, making it highly suitable for trading applications.

• Intelligent Block Propagation

• : The network uses a method where validators receive transactions, verify their validity, and propose blocks that include unique transaction identifiers. This process reduces the time validators spend waiting to receive a block.

• Optimistic Block Processing

• : Validators optimistically process block proposals, writing candidate state changes to a cache. If the block is accepted, the cache is committed; if not, it is discarded. This approach theoretically improves latency.

• Parallelization

• : Sei leverages the Cosmos SDK and adds parallelization to transaction processing, both in the DeliverTx and EndBlock phases. This parallelization allows for improved performance by enabling multiple transactions to be processed simultaneously.

• Native Price Oracles

• : Validators participate as oracles to provide reliable and accurate asset pricing, with rapid updates and penalties for non-participation or inaccurate data.

• Native Order Matching Engine

• : Sei includes a built-in order matching engine that supports decentralized exchanges (DEXs) in deploying their own orderbooks and executing trades efficiently.

• Lifecycle of an Order

• : The whitepaper describes the process from order submission to execution, highlighting the atomic execution of matching engine transactions within a block and the use of smart contracts for custom logic and interaction with the matching engine.

• Frequent Batch Auctioning

• : To prevent front-running and maximize extractable value (MEV), Sei aggregates all market orders and executes them at a uniform clearing price.

• Transaction Order Bundling

• : Sei allows bundling of orders to multiple trading markets, reducing gas costs and improving performance.

• Trading Fees

• : Initially, the matching engine will not charge trading fees at the chain level, but DEXs built on Sei can add their own fees at the smart contract level.

Conclusion

Sei’s whitepaper outlines a blockchain infrastructure that is purpose-built for trading applications, offering solutions to the common limitations of existing Layer 1 blockchains. By focusing on trading, Sei positions itself as a platform capable of supporting the next generation of web3 applications, from gaming economies to NFT marketplaces and social trading apps. The whitepaper emphasizes Sei’s commitment to providing a seamless user experience, high throughput, and reliable infrastructure for decentralized trading.