• The Sei v2 improve introduces sub-second transaction finality and improves scalability.
• The Sei Basis will implement fairer eligibility standards for token distribution occasions.
• The value of the SEI token fell 3.91% to $0.5185 throughout the distribution of 27 million tokens following the v2 improve.

The SEI token has seen a major drop in value, falling 3.91% over the previous 24 hours to $0.5185 at press time, with buying and selling quantity additionally lowering 19.51% over the previous 24 hours.

The drop comes amid the distribution of over 27 million SEI tokens following the profitable v2 improve by the Sei Basis.

Encourage energetic participation within the SEI ecosystem

Because the launch of the Pacific-1 mainnet, the Sei Basis has begun distributing over 27 million tokens by an airdrop occasion to reward energetic participation within the ecosystem.

The occasion, now in its second 12 months, acknowledges the contributions of mainnet customers and displays the Basis’s dedication to fostering group engagement.

Nonetheless, given earlier airdrop occasions, the distribution course of has confronted criticism concerning equity. To handle this, the Basis has launched eligibility standards to make sure a extra equitable distribution.

Addresses holding 42 or extra SEI or Liquid staked tokens, in addition to two or extra NFTs from the highest eight collections by buying and selling quantity, had been eligible to obtain tokens.

Specifically, to advertise equity amongst members, addresses with extraordinarily massive SEI holdings or NFT collections had been excluded from distribution.

Sei v2 improve profitable

The profitable improve to v2 marks a major milestone for the Sei Community, bringing sub-second transaction affirmation and improved scalability.

With transactions now being confirmed and accomplished in underneath a second, the community goals to enhance person expertise and successfully compete with different parallelized EVM networks equivalent to Monad and Neon.

Sei Basis govt DevilK expressed optimism in regards to the improve, highlighting its potential to convey new alternatives for each customers and builders.

As token distribution continues and the community evolves with the v2 improve, stakeholders will stay vigilant, evaluating each technological developments and market developments that form the cryptocurrency ecosystem.