Sei Network (SEI) just announced the Season 2 Airdrop for its SEI tokens. While this airdrop is for testnet validators and participants, the project claimed that 3% of the token’s total supply would be allocated to the first reward pool, which was Season 1.
The news has solidified the chances of a second reward pool and subsequent airdrop of SEI tokens.
In this article, we will explain how you can become eligible to position yourself for the SEI airdrop. So, without further ado, let’s get started.
What is Sei Network?
Sei Network is a Layer-1 blockchain built on the Cosmos SDK that is designed to become the preferred chain for decentralized exchanges handling DeFi, NFTs, and GameFi.
The network incorporates a native order-matching engine that enables DEXs deployed on it to operate on par with centralized exchanges when it comes to executing orders. Sei is optimized to enhance the functionality of exchanges, resulting in end users being able to trade tokens, NFTs, and in-game assets much faster and at a minimal cost.
What is the SEI Token?
Sei Network has drawn plans to launch a native utility token called SEI. The cryptocurrency has several features within the decentralized ecosystem such as paying network fees, staking, governance, as collateral, tipping validators, and trading fees.
The token is being launched to Sei’s testnet validators and participants through airdrops. 3% of the SEI token’s total supply was allocated to the first rewards pool in Season 1. The project is preparing for a Season 2 airdrop this month.
How to Take Part In the SEI Token Season 2 Airdrop?
One way to get access to the SEI token airdrop is by interacting with Seinami Incentivized Testnet. Within this testnet is a set of 4 unique acts consisting of various tasks that participants must complete to gain the tokens.
The tasks are designed to stress test Sei’s validator usability and security. For each completed task, the participant receives points, which directly correspond to their SEI token reward. The tokens are distributed according to the tallied scores of all validators and participants once the testnet period is finished.
The 4th task is more detailed as it has several missions involved with growing the Sei ecosystem and simulating real-world trading on deployed DEXs.
What are the Missions on Seinami Incentivized Testnet Act 4?
There are eight separate tasks that you need to complete to become eligible to claim SEI tokens when they are airdropped.
- Place a limit order on the Vortex crypto exchange. This can be a long or short position in any market.
- Place a market order on Vortex. This can also be a long or short position in any market.
- Place multiple long or short orders in a single transaction. This bundled order placement can also be done on any market.
- Get liquidated on Vortex
- Refer a friend to sign up on the Sei blockchain
- Get that friend to refer another friend to sign up on Sei
- Participants must submit their transaction details and wallet address to the team for verification. There is also a cap on how many submissions users can do in a single day.
- Once the 4 Seinami Testnet Missions are closed, you can mint a Sei Sunken Treasure NFT, which is a token of appreciation for supporting the blockchain during its development.
What is the Eligibility Criteria for Sei Season 2 Airdrop?
Sei Foundation’s Season 2 Airdrop will distribute 34,435,600 SEI to 44,445 unique wallet addresses. The airdrop will reward users for SEI staking, SEI liquid staking, and collecting NFTs.
Here are the airdrop eligibility criteria for Sei Season 2 airdrop:
- Stakers must delegate at least 42 Sei on the Sei Network
- Liquid stakers have to hold at least 42 iSEI or stSEI at the time of the snapshot
- NFT collectors must hold 2 or more NFTs from Seiyans, WeBump, Dob, Colony, Cappys, Alive1111, Outlines, and Yaka.
The following addresses will be excluded from the airdrop:
- Staked over 2 million SEI
- Holds over 2 million liquid-staked SEI tokens
- Holds over 150 NFTs from Seiyans, WeBump, Dob, Colony, Cappys, Alive1111, Outlines, and Yaka.
How To Claim The SEI Season 2 Airdrop?
Here is how you can claim the SEI Season 2 airdrop:
- Visit airdrop.sei.io
- Connect the following wallets: Compass, Fin, or Keplr. This is depending on which wallet you used to stake your SEI tokens or collect NFTs.
- Check your airdrop allocation
- Verify your transaction and wait for the SEI to be received in your wallet.
Conclusion
Airdrops are an easy way for to get your hands on the latest cryptocurrencies. Moreover, it does not cost you any money to participate in an airdrop. By adhering to this guide, I believe you will be well-equipped to participate in the SEI Season 2 Airdrop.
However, always remember that the cryptocurrency landscape is ever-evolving, and it is necessary to stay informed to capitalize on opportunities. Only invest money that you can afford to lose and conduct thorough research about the project before making any financial decision.
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