The native crypto asset of the Sei Network, SEI, is set to launch tomorrow on several major exchanges, including Bitfinex, Binance, Upbit, and Kucoin.
The layer-1 blockchain Sei, explicitly designed for trading applications, will see its mainnet release followed shortly by the commencement of trading.
Earlier in the day, Binance, Upbit, and Kucoin announced via social media their intentions to initiate trading for SEI coins at 8 am ET, aligning with the mainnet’s live date. Bitfinex had previously confirmed its plan to open deposits for SEI at 10:00 am UTC and commence trading at 12:00 pm UTC.
Big debut
Built on Cosmos SDK, Sei employs a proof-of-stake mechanism, boasting sub-second blocks and aiming for optimized trading functionality. Its design and operation target a particular niche in decentralized trading, where it will compete with other Cosmos chains like Osmosis, Injective, and Kujira.
Upon the mainnet launch, Binance reported that there will be 1.8 billion Sei coins in circ
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