WEB3
by BSCN
January 2, 2024
The introduction of the SEIYAN memecoin, representing the broader Sei ecosystem, has played a pivotal role in this surge.
A unique term has emerged within the Sei Network community - "Seiyan." SEI token enthusiasts have adopted this term as a cult-like identity. In a creative move, the community ran a vote to decide whether they should be called "seilors" or "seiyans," with the latter winning. This led to the birth of the SEIYAN memecoin.
SEIYAN has experienced an astonishing 350% gain in the last 14 days. The tokenomics, as outlined on Seiyan's website, reveal a strategic allocation plan:
The Seiyan team is reportedly working towards integrating the SEIYAN token into every major SEI project throughout Q1 2024. With an emphasis on liquidity and growing interest within the Sei chain, the team anticipates not only CEX listings but also the development of SEIYAN's utility. This utility is expected to deeply intertwine third-party SEI projects, fostering a cohesive and interconnected ecosystem.
The protocol has also recently announced the SEIYAN Syndicate Program to expand the Sei Network ecosystem and support early $SEI tier 1 and/or critical infrastructure projects, backed by leading investors or influential stakeholders. According to the team, this initiative will include crowdfunded grants contributed by SEIYAN token holders at the seed stage.
“We will onboard projects that intend to actively work with the SEIYAN brand and community as marketing contracts,” The Seiyan team said. “Any tokens provided to the SEIYAN community from such projects will likely be distributed to syndicate directors who will then in return award syndicate participants on an equitable basis.”
Sei Network's SEI tokens have emerged as a sensation, riding the wave of the parallelized Ethereum Virtual Machine (EVM) narrative. During the past week, SEI token holders have enjoyed remarkable gains of over 75%, making them the top-performing assets in crypto.
The network's SEI tokens swiftly reached a $400 million capitalization within the first 24 hours of issuance. As initial enthusiasm fuelled rapid growth, on-chain trading behavior remained relatively subdued in subsequent months.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Latest News
1h : 7m ago
Trump-Backed World Liberty Financial Makes Major Crypto Purchases to Mark Inauguration
2h : 22m ago
Trump Expected to Sign Executive Orders Easing Bank Ownership of Crypto Assets: Report
3h : 22m ago
Mark Uyeda Named Acting SEC Chair After Gary Gensler Resigns
January 20, 2025
Students for Trump Co-founder Under Fire After Selling Half of 'TikTok' Memecoin
January 20, 2025
Trump's World Liberty Financial Hits $254M Token Presale Milestone
January 20, 2025
Melania Trump Launches $MELANIA Meme Coin: What You Need to Know
January 20, 2025
Donald Trump's Official $TRUMP Memecoin: What We Know
January 18, 2025
Weekly Article Recap: 1/13-1/17