- Binance, the world’s largest cryptocurrency exchange, has added two projects to its Launchpool platform, an unusual move. The projects are Sei Network and CyberConnect.
- From August 2, users can stake their BNB, TUSD, and/or FDUSD for 30 days to earn SEI and CYBER tokens. Binance will list both tokens on August 15 with BTC, USDT, and BNB trading pairs.
- Sei Network, the 36th project on Binance Launchpool, is a blockchain optimized for digital asset trading. Claimed to be the fastest blockchain in the industry, Sei can process 20,000 transactions per second. CyberConnect, the 37th project, is a Web3 social network that allows developers to create social applications that give users control and ownership of their digital identity, content, and interactions.
In a rare move, Binance has added two projects, Sei Network and CyberConnect, to its Launchpool platform, allowing users to stake their tokens and earn rewards. Both tokens will be listed for trading on August 15.
Introduction to Sei Network
Sei Network, the 36th project to be featured on Binance Launchpool, is a blockchain specifically designed for the trading of digital assets. It boasts of being the fastest blockchain in the industry, capable of handling up to 20,000 transactions per second. The project has attracted investments from several firms including Multicoin Capital, Delphi Digital, OKX Ventures, Foresight Group, and Jump Crypto.
Understanding CyberConnect
CyberConnect, the 37th project on Binance Launchpool, is a Web3 social network. It empowers developers to build social applications that give users control and ownership of their digital identity, content, and interactions. The project uses CyberGraph, which is marketed as an uncensorable smart contract. Among its investors are Delphi Digital, Protocol Labs, Tribe Capital, IOSG Ventures, Amber Group, Polygon Studios, Draper Dragon, Animoca Brands, Multicoin Capital, and Hashed.
Staking and Listing Details
Starting from August 2, Binance users have the opportunity to stake their BNB, TUSD, and/or FDUSD for 30 days to earn SEI and CYBER tokens. Binance plans to list both tokens on August 15, with trading pairs including BTC, USDT, and BNB.
Conclusion
This unusual move by Binance to add two projects to its Launchpool platform at once demonstrates the exchange’s commitment to providing diverse opportunities for its users. Both Sei Network and CyberConnect offer unique value propositions and have attracted significant interest from investors. As the tokens become available for trading, users will have the chance to participate in these promising projects.
