How do I receive the Season 2 airdrop?

Sei Network confirmed airdropping SEI tokens for testnet validators and participants. Additionally, they said 3% of the total SEI token supply will be allocated to the first rewards pool, known as “Season 1.” This means there will likely be a Season 2 airdrop! In this article, we will explain what Sei Network is and what you can do to win the $SEI airdrop.

Sei Network ($SEI) Airdrop Step-by-Step Guide

Here’s how to receive a potential Sei Network ($SEI) airdrop:

1. Complete Acts 2-3 of the Seinami Testnet mission. However, these laws require technical knowledge and you can find it. here.
2. Complete Act 4 of the Seinami Testnet mission. This involves placing an order on Vortex and getting it cleared. You can also do community things like refer a friend to join Sei and refer others.
3. Mint Sei Sunken Treasure NFT.

See below for more details.

What is Sei Network?

Sei Network is a layer 1 blockchain built with the Cosmos SDK and is designed to be the preferred chain for decentralized exchanges (DEX) for DeFi, NFTs, and GameFi. Blockchain is optimized to enhance the functionality of exchanges and provide the best user experience for customers. It achieves this by integrating an underlying order matching engine that allows DEXs built on blockchains to be on par with centralized exchanges (CEXs) in terms of order execution. As a result, end users can trade tokens, NFTs, and in-game items much faster and at minimal cost.

Sei Network Ecosystem

In October 2022, Sei Network launched a $50 million ecosystem and liquidity fund to support new application development and help teams bootstrap liquidity going into mainnet launch. The fund is backed by some of the top venture capital firms such as Multicoin Capital and Delphi Digital. There are currently over 50 projects built on the ecosystem, from infrastructure to fiat on/off ramps.

Who is the team at Sei Network?

Jeffrey Feng and Jayendra Jog are co-founders of Sei Network, which has a team of experienced professionals who have worked in renowned organizations such as Airbnb and Goldman Sachs. According to The Block, the team is currently raising Series A funding with a token valuation of $400 million.

Does Sei Network have tokens?

Yes, Sei Network plans to launch the $SEI token. SEI tokens have several functions on the Sei Network, including paying network fees, staking, governance, being used as collateral, tipping validators, and transaction fees.

3% of the total SEI token supply will be allocated to the first rewards pool known as ‘Season 1’. This means there will likely be an airdrop in Season 2!

How to receive a potential $SEI airdrop?

The best way to receive $SEI airdrops is by interacting with the Seinami incentivized testnet. Within the testnet, there are four unique acts (now closed) consisting of various tasks to complete. These tasks are designed to stress test the usability and security of Sei’s validators. Each completed task awards points that directly correspond to $SEI token rewards. At the end of the testnet period, token rewards will be distributed based on the aggregated scores of all validators and participants. You can find Seinami testnet missions to receive potential airdrops. here. Many of these require technical skills. For example, hacking an exchange can be difficult.

However, Act 4 had several missions related to growing the Sei ecosystem and simulating real-world trading. It’s easier to complete these tasks to receive the Sei airdrop.

Latest work: Pre-registering .sei names

Pre-registration of .sei names will begin at 8:00 AM UTC on August 23, 2023. Open enrollment begins at 9:00 AM UTC on August 28, 2023. Here’s how to qualify for pre-registration of a .sei name:

Each OAT or sweepstakes win entitles you to register one .sei name during the pre-registration phase. Additionally, those who have acquired all 5 OATs can register a domain (5 characters or more) for free for 1 year.

Pre-registration for .sei domain names will run from August 23 to 28, 2023 at 8:00 AM UTC. This period applies only to eligible addresses on a first-come, first-serve basis. Additionally, all .sei domains must have a registration period of at least one year.

Public registration for .sei domain names will begin at 9:00 AM UTC on August 28, 2023. You can also trade .sei domains on Sei NFT marketplaces like BlueMove.

However, not all .sei names are available. The Sei team has domains reserved for our partners.

How much does a .sei domain name cost?

A .sei domain name costs:

• Third party: US$200 worth of $SEI per year. or US$150 (25%) for pre-registration.
• 4 characters: US$50 worth of $SEI per year. Or US$40 (20%) for pre-registration.
• 5 characters: US$5 worth of $SEI per year. Or, if you collect all five OATs, you get one year free.

What are the Sei Season 2 airdrop eligibility criteria?

Sei Foundation’s Airdrop Season 2 distributed 34,435,600 SEI to 44,445 unique addresses. The airdrop rewarded users for Sei staking, liquid staking, and NFT collection. The airdrop eligibility criteria for the Sei Season 2 airdrop are as follows:

1. Sei Staker: Stake at least 42 SEI.
2. Liquid Staking Token Holders: Hold at least 42 iSEI or stSEI at the time of snapshot.
3. NFT collectors: Hold 2 or more NFTs from Seiyans, WeBump, Dob, Colony, Cappys, Alive1111, Outlines, Yaka.

To be eligible for the airdrop, participants must meet the following eligibility criteria at the time the snapshot was taken:

• For Sei stakers and liquid staking token holders: 00:00 UTC on May 16, 2024.
• For NFT collectors: May 5, 2024 00:00 UTC.

However, the following addresses are excluded from the airdrop.

• Over 2 million SEI staked.
• We have over 2 million SEI tokens. or
• We have over 150 NFTs from Seiyans, WeBump, Dob, Colony, Cappys, Alive1111, Outlines, and Yaka.

Sei Season 2 Token Airdrop Reward Distribution

For the Sei Season 2 token airdrop, Sei stakers and liquid staking token holders each received 1 point, while NFT collectors received 2 points. Those who earn 1 point will receive an airdrop of 200 SEI, those who earn 2 points will receive an airdrop of 3,000 SEI, and those who earn 3 or more points will receive an airdrop of 6,000 SEI.

How to claim the Sei Season 2 airdrop

Here’s how to claim your Sei Season 2 airdrop:

1. Go to https://airdrop.sei.io/.
2. Connect your Compass, Fin, or Keplr wallet, depending on which wallet you used to stake SEI tokens or collect NFTs.
3. Check your airdrop quota.

Airdrop Review

There are several factors to consider when reviewing airdrops. First, there is a possibility that the project will conduct an airdrop in the first place. We will then look at how many tokens the project will allocate to the airdrop campaign and the difficulty of participating in the airdrop. It is also important to look at the utility of the token to ensure there is a real use and purpose for participating in the airdrop in the first place. Lastly, a factor to consider when reviewing an airdrop is whether a lock-up period applies to the airdropped tokens.

Airdrop possibilities: Sei confirmed that it will conduct an airdrop following the mainnet launch in the coming months.

Airdropped token allocation: In Season 1, 3% of the total $SEI supply will be airdropped.

Airdrop Difficulty: Some of the Seinami Testnet validator tasks are quite difficult as they require technical skills. Try completing easier participant tasks first.

Token Utility: SEI tokens have multiple functions on the Sei Network, including network fee payments, staking, governance, collateral, validator tipping, and transaction fees.

Token Lockup: There is no lock-up period for airdropped tokens.