Sei: 1% of the token supply is allocated to incentivize the testnet and reward early community members

ChainCatcher news, the public chain Sei tweeted that 1% of the Sei token supply is allocated to incentivize the testnet and reward early members of the Sei community who use the chain. Sei emphasizes the importance of users who have a strong desire to advance, test, and develop the Sei ecosystem.

Previously, ChainCatcher reported that Sei released a white paper, stating that it introduces Twin-Turbo consensus and parallelization of the Cosmos chain. In August of this year, Sei Labs completed a $5 million seed round financing, led by Multicoin Capital, with participation from Coinbase Ventures, GSR, Flow Traders, Hudson River Trading, Delphi Digital, Tangent, and others. (source link)