Sei officially announced its token economics and listed the 6 main functions of SEI

ChainCatcher news, Sei officially announced its tokenomics, with a total supply cap of 10 billion tokens, 51% allocated to the community. Among this, 48% is allocated to ecosystem reserves, including staking rewards, ecosystem programs, and Sei airdrops and incentives. 9% of the tokens are allocated to the foundation treasury; 3% of the tokens are allocated to Launchpool.

In terms of airdrops, a portion of the SEI supply is allocated to airdrops, incentive testnet rewards, and ongoing programs aimed at rapidly distributing SEI to users and the community. These SEI airdrops and incentives are designed to reward genuine, active, and pioneering users in the cryptocurrency space. 3% of the SEI token supply has been allocated to the first reward pool, called "Season One."

It is reported that the functions of the SEI token include network fees, DPoS validator staking, governance, native collateral, fee markets, and transaction fees.