Binance exchange recently announced that the next project to be listed through Binance Launchpool is Sei Network, which is a Layer 1 blockchain built through the Cosmos SDK. In this article, Weakhand will give everyone a prediction of Sei Network’s floor list price so that they can best sell tokens from Launchpool and Airdrop.
Articles related to the main content:
- What is Sei Network (SEI)? Sei Network Cryptocurrency Overview
- CyberConnect Floor List Price Prediction
Binance Launchpool Sei Network Overview
Sei Network is a Layer 1 blockchain built on the Cosmos ecosystem and focused on becoming a platform specifically for trading. All of which Sei Labs develops towards optimizing liquidity and improving UI UX for their users.
On August 1, 2023, Binance announced their 36th Launchpool project, Sei Network, and the event will last for 30 days starting at 0:00 UTC on August 2. SEI tokens will be listed on this exchange at 12:00 UTC on August 15, 2023.
In addition, Sei Network has also promised to airdrop to the community of testnet participants, running nodes, ambassadors,… for the project recently.
Sei Network’s capital raising rounds
|
Funding round |
Time |
Called amount |
Pricing |
|---|---|---|---|
|
Seed |
August 31, 2022 |
$5M |
… |
|
Funding Round |
April 11, 2023 |
$30M |
$800M |
Information about SEI tokens
- Token name: Sei Network
- Symbol: SEI
- Blockchain: Sei Network
- Total supply: 10,000,000,000 SEI
- Initial circulating supply: 1,800,000,000 SEI
SEI token allocation
|
Allocation |
% Allocation |
Token allocation |
|---|---|---|
|
Ecosystem Reserve |
48% |
4.8B |
|
Private Sale Investors |
20% |
2B |
|
Foundation |
9% |
900M |
|
Team |
20% |
2B |
|
Binance Launch pool |
3% |
300M |
SEI Floor List Price Prediction
Recently, Binance has been quite gentle in listing Layer 1 tokens and only focuses on Layer 2 or smaller projects in arrays such as SocialFi, LSD, Meme coin,… so we will There are quite a few Layer 1 projects to compare with SEI.
Although taking 2 Layer 1 projects, Sui Network and Aptos, to compare with Sei Network is quite lame in terms of valuation, we do not have too many choices to compare, so I will take the 2 Layer 1 above to compare. as a number to compare with SEI.
|
Project |
Marketcap |
FDV |
FDV is at ATH |
Initial circulation |
|---|---|---|---|---|
|
Aptos |
$1.5B |
$7.2B |
$18.2B |
13% |
|
Sui Netork |
$460M |
$6.3B |
$14B |
1.74% |
If we take Sei Network’s initial circulation supply figure of 18% to compare with the other two projects, it is quite large, but we still do not know how exactly this number will be distributed.
Comparing valuations from investment funds with Sui Network and Aptos, Sei Network is only about 20-26%, so we can conclude that the initial FDV will be about $3.6B, equivalent to the initial Marketcap. starting price is $650M and floor price is $0.36 per token.
Summary
Above is the prediction of Sei Network’s floor list price after Binance Launchpool. Weakhand through this article will be able to make predictions about SEI’s price to help people receive airdrops or farms from Launchpool that can be sold at best price.
