Leading cryptocurrency exchange Binance continues to support innovative projects through the Launchpool platform.
Binance Announces Launchpool For Two New Altcoins
The exchange announced two exciting projects Sei (SEI) and CyberConnect (CYBER) where users can participate to raise tokens by staking BNB, TUSD and FDUSD.
It is estimated that the web pages for both projects will be available five hours before Launchpool starts.
Sei (SEI) is a layer 1 blockchain optimized for digital asset exchange. Users can farm SEI tokens for a period of 30 days from 03:00 on August 2, 2023 by staking BNB, TUSD and FDUSD tokens in separate pools.
After the farming period, Binance will list the SEI on August 15, 2023 at 15:00 and will allow trading with SEI/BTC, SEI/USDT and SEI/BNB trading pairs.
Sei Launchpool details are as follows:
Token Name: Sei (SEI) Total Token Supply: 10,000,000,000 SEI Launchpool Token Rewards: 300,000,000 SEI (3% of total token supply) Initial Circulating Supply: 1,800,000,000 SEI (18% of total token supply) Staking Terms: KYC required Fixed Hourly Cap Per User: 33,333.33 SEI in BNB pool, 6,250 SEI in TUSD pool, 2,083.33 SEI in FDUSD Pools Supported Pools: Stake BNB (80% reward), Stake TUSD (15% reward), Stake FDUSD (5% reward) Farming Period: August 2, 2023 at 03:00 to August 31, 2023 at 02:59.
CyberConnect (CYBER), the 37th project on Binance Launchpool, is a Web3 social network that empowers developers to build social apps.
Users can stake BNB, TUSD and FDUSD tokens in separate pools to collect CYBER tokens for 30 days starting at 03:00 on August 2, 2023.
CYBER will be listed on Binance on August 15, 2023 at 12:00 and trading will be opened with trading pairs CYBER/BTC, CYBER/USDT and CYBER/BNB.
CyberConnect Launchpool details are as follows:
Token Name: CyberConnect (CYBER) Total Token Supply: 100,000,000 SIBER Launchpool Token Rewards: 3,000,000 CYBER (3% of total token supply) Initial Circulating Supply: 11,038,000 CYBER (11.04% of total token supply) Smart Contract Addresses: Ethereum, BNB Smart Chain, Optimism Staking Conditions: KYC required Per User Hourly Fixed Cap: 333.33 CYBERs in BNB pool, 62.50 CYBERs in TUSD pool, 20.83 CYBERs in FDUSD pool Supported Pools: Stake BNB (80%) Prize), Stake TUSD (15% reward), Stake FDUSD (5% reward) Farming Period: August 2, 2023, 03:00 to August 31, 2023, 02:59.
Binance Launchpool encourages growth and innovation in the cryptocurrency space by offering users the opportunity to participate in promising blockchain projects.
Users wishing to join the Sei and CyberConnect Launchpools should continue to follow their official website, which will go live in the next few hours.
*Not investment advice.
