SNEAK PEEK
- Binance Launches Sei Network (SEI) and CyberConnect (CYBER) on its Launchpool, offering staking opportunities to earn tokens.
- Users can stake BNB, TUSD, and FDUSD to earn SEI and CYBER tokens during the 30-day farming period starting on August 2nd.
- Sei Network allocates 300 million SEI tokens for farming, while CyberConnect allocates 3 million CYBER tokens.
Binance, the world’s largest cryptocurrency exchange, has unveiled its latest additions to the Binance Launchpool – Sei Network (SEI) and CyberConnect (CYBER). These two altcoin projects are set to provide Binance users with exciting opportunities to stake their assets and earn SEI and CYBER tokens.
With Sei Network becoming the 36th project and CyberConnect the 37th project listed on Binance Launchpool, the platform’s users can expect the pools to go live within the next 5 hours. To participate in the farming process and earn SEI and CYBER tokens, users can stake their BNB, TUSD, and FDUSD.
The farming period for both SEI and CYBER tokens is set to last for 30 days, starting on August 2nd at 03:00. During this time, users can stake their assets in separate pools to maximize their rewards.
Sei Network has allocated a total of 300 million SEI tokens, equivalent to 3% of the total SEI token supply, for the farming process. On the other hand, CyberConnect has allocated 3 million CYBER tokens, which represent 3% of the total CYBER token supply, for its farming pool.
The distribution of rewards for BNB stakers is set at 80% for both SEI and CYBER, while TUSD stakers will receive 15%, and FDUSD stakers will receive 5%.
The addition of Sei Network and CyberConnect to the Binance Launchpool provides users with further diversification options and opportunities to take advantage of the cryptocurrency market’s potential. The farming process offers a unique way for users to participate actively in these projects and reap rewards in the form of SEI and CYBER tokens.
Moreover, Binance’s continuous efforts to add promising altcoin projects to its Launchpool demonstrate the exchange’s commitment to enhancing its ecosystem and providing its users with innovative investment opportunities. With the staking process set to begin shortly, investors and traders can prepare to stake their assets and engage with these exciting projects.
However, as with any investment in the cryptocurrency space, users are advised to conduct thorough research and understand the risks involved before participating in the staking pools. The cryptocurrency market can be volatile, and prices may fluctuate significantly, hence it is crucial to exercise caution and invest only what one can afford to lose.
Binance’s announcement of Sei Network and CyberConnect as the latest additions to its Launchpool offers users a chance to engage with these projects actively and potentially earn rewards in the form of SEI and CYBER tokens. The farming process will begin on August 2nd at 03:00, and users can stake their BNB, TUSD, and FDUSD to participate in the exciting journey ahead.
