SEI coin is the native token of the Sei blockchain, which is designed for decentralized trading applications. Its main purpose is to improve the speed and efficiency of exchanges, and the token is used to pay transaction fees on the network, secure the network through staking, and participate in the governance of the ecosystem.

👉Uses of the SEI token

Transaction fees:

It is used to pay gas fees for operations on the network.

Staking:

Users can stake their SEI tokens to help secure and validate the network, receiving rewards in return.

Governance:

Allows token holders to participate in decision-making about the future of the network.

Liquidity:

It can serve as collateral for lending applications within the network.

👉About the Sei blockchain

Focus:

It was created specifically for the creation of efficient and fast decentralized exchanges (DEXes).

Technology:

It uses the centralized order book model (CLOB) and other optimizations to provide a trading experience similar to centralized exchanges, but with the security of a decentralized blockchain.

Foundation:

It was launched in 2023 by Sei Labs, with the goal of solving speed and cost issues in other blockchains.

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