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Binance Lists CyberConnect (CYBER) and Sei on Launchpool; Farming to Begin on August 2, 2023

Binance has announced the addition of two new projects to its Launchpool platform: CyberConnect (CYBER) and Sei (SEI). The announcements were made on August 1, 2023, detailing the specific information about the projects and their integration into the Launchpool.

CyberConnect (CYBER)

CyberConnect (CYBER) is described as a Web3 social network that enables developers to create social applications. The total token supply for CYBER is 100,000,000, with 3,000,000 CYBER (3% of the total token supply) allocated for Launchpool Token Rewards.

Users will be able to stake their BNB, TUSD, and FDUSD into separate pools to farm CYBER tokens over a 30-day period. The farming will commence on August 2, 2023, at 00:00 (UTC), and will continue until August 31, 2023, at 23:59 (UTC).

Binance will list CYBER on August 15, 2023, at 12:00 (UTC), and open trading with CYBER/BTC, CYBER/USDT, and CYBER/BNB trading pairs.

Sei (SEI)

Similar to CYBER, users can stake their BNB, TUSD, and FDUSD to farm SEI tokens over a 30-day period, starting from August 2, 2023, at 00:00 (UTC).

Binance will list SEI on August 15, 2023, at 12:00 (UTC), and open trading with SEI/BTC, SEI/USDT, and SEI/BNB trading pairs.

Participation and Eligibility

Both projects require KYC verification for participation, and there are specific restrictions based on users’ country or region of residence. The staking terms, supported pools, and other details are provided in the official announcements.

The addition of CyberConnect (CYBER) and Sei (SEI) to Binance’s Launchpool represents a continued expansion of the platform’s offerings. By providing opportunities for users to stake and farm these tokens, Binance is facilitating access to new and emerging projects within the crypto space.

Binance Users Reach 150M

According crypto exchange Binance CEO Changpeng Zhao’s tweet, Binance has achieved several key milestones, reflecting its ongoing commitment to expansion and innovation.

Binance announced that it has hit the 150 million registered users mark. This milestone underscores the platform’s growing popularity and reach in the global cryptocurrency community. In July 2022, Binance revealed that its registered user count had surpassed 120 million, meaning that the exchange has seen a growth of 30 million users within the past year.

Binance officially launched its operations in Japan, marking a strategic move into one of the most prominent cryptocurrency markets in the world. The launch date and specific details of the services offered to Japanese users have not been disclosed at this time.

In a first-of-its-kind achievement, Binance secured an Operational Minimum Viable Product (MVP) License in Dubai. This makes Binance the first exchange in the world to obtain this particular license. The license was granted this week, although the exact date and the implications of this license for Binance’s operations in the region remain to be clarified.

Binance introduced two new Launchpools this week, featuring $CYBER and $SEI. Launchpools allow users to stake their tokens to earn new ones, and these additions represent the latest in a series of such offerings by the exchange. The specific details of the staking requirements and rewards for these new Launchpools have not been provided.

Binance’s History and Leadership

Founded in 2017 in China, Binance moved its servers and headquarters out of the country in advance of the Chinese government’s ban on cryptocurrency trading in September 2017. The company’s growth has been meteoric.

In 2022, new estimates claimed that the CEO of Binance, Changpeng Zhao, is the world’s richest crypto billionaire. His net worth is said to rival the sums amassed by tech billionaires such as Elon Musk, Jeff Bezos, Bill Gates, and Mark Zuckerberg.

Binance to Open Trading for CyberConnect (CYBER) and Sei (SEI) on August 15, 2023

Binance, one of the leading cryptocurrency exchanges, has announced the listing of CyberConnect (CYBER) and Sei (SEI), with trading set to commence on August 15, 2023, at 12:00 (UTC). The trading pairs for these new listings include CYBER/BNB, CYBER/BTC, CYBER/FDUSD, CYBER/TRY, CYBER/USDT, SEI/BNB, SEI/BTC, SEI/FDUSD, SEI/TRY, and SEI/USDT.

CyberConnect (CYBER)

CyberConnect (CYBER) is a Web3 social network that enables developers to create social applications. The total token supply for CYBER is 100,000,000, with 3,000,000 CYBER (3% of the total token supply) allocated for Launchpool Token Rewards. Users were able to stake their BNB, TUSD, and FDUSD to farm CYBER tokens over a 30-day period, starting from August 2, 2023, until August 31, 2023.

Sei (SEI)

Sei (SEI) is identified as a layer 1 blockchain optimized for the exchange of digital assets. The total token supply for SEI is 10,000,000,000, with 300,000,000 SEI (3% of the total token supply) designated for Launchpool Token Rewards. Similar to CYBER, users were able to stake their BNB, TUSD, and FDUSD to farm SEI tokens over the same 30-day period.

Additional Features

Binance has also announced that Binance Spot Grid will be enabled for the CYBER/BTC, CYBER/USDT, SEI/BTC, and SEI/USDT trading pairs within 48 hours of the trading start time. Furthermore, users will enjoy zero maker fees on CYBER/FDUSD and SEI/FDUSD trading pairs until further notice.

Upbit Announces Listing of Layer 1 Blockchain SEI

Upbit, a globally recognized digital asset exchange, has announced the addition of a new digital asset, SEI, to its KRW and BTC markets. The announcement was made on August 14, 2023, and provides detailed information about the listing and associated guidelines.

SEI Token Listing Details

SEI, the native token of the Sei network, will be supported for deposits only on the Sei network (other networks like BSC will not be supported). The support for SEI deposits and withdrawals is scheduled to commence on August 15, 2023, at 21:00 KST.

Trading Guidelines

Trading Support Time: The exact time for the commencement of trading will be announced later.

Initial Order Limitations: For the first 5 minutes after the new digital asset is added, buy orders will be restricted.

Initial Price Limitations: The initial 5-minute sell order price limit will be announced later, reflecting other exchange rates.

Market and Reserved Order Limitations: For the first hour after the addition of the new digital asset, market and reserved orders will be restricted.

Deposit Considerations

Deposits from exchanges not included in the VV linkage (including account owner verification service linkage) list may require review and may take a long time to reflect or be returned.

Deposits and withdrawals are only possible to and from personal wallet addresses that have completed ‘ownership verification.’

High-value digital asset deposits with unclear origins may require origin verification, and if not completed by the trading support start time, the deposit may not be reflected.

Investment Risk Warning

Upbit has warned that digital asset investment is exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. Investors are urged to carefully review project information and understand the characteristics of digital assets before trading.

About SEI

SEI is a Layer 1 blockchain specialized in the DeFi sector, aiming to build a base layer for decentralized finance. It has built its own transaction settlement engine at the network level, shared by dApps built on Sei, to provide deep liquidity. SEI utilizes the Tendermint consensus algorithm’s efficiency and parallelization technology to improve network processing ability and block creation time. SEI tokens can be used for transaction fee payments, validator staking participation, on-chain governance participation, and as a payment method within the network.

Additional Information

SEI is the first project to be supported for trading both domestically and internationally. Initial token circulation is 1,800,000,000 SEI, approximately 18% of the total issuance of 10,000,000,000. Attention is needed regarding the network’s smooth operation and stability after network launching.

Binance has also announced the listing of Sei (SEI) along with CyberConnect (CYBER). Trading for these new assets is set to commence on August 15, 2023, at 12:00 (UTC), aligning with the timeline for SEI’s listing on Upbit.

Ankr to Introduce Sei Blockchain RPC Connection

Ankr has revealed plans to augment its RPC service by integrating with the Sei blockchain. This development aims to facilitate developers keen on leveraging the Sei platform for the creation of swift and scalable decentralized applications (dApps). The integration will enable users to access both Sei Public and Premium RPCs, allowing them to make request calls and receive responses akin to those from a Sei full node.

Sei’s Position in the Blockchain Space

Sei aspires to lead as the swiftest layer-1 blockchain, a feat achieved through its “Twin-Turbo” consensus mechanism. The blockchain boasts minimal transaction fees and a throughput rate of 20,000 ops (orders per second). Designed to support contemporary applications, Sei aims to expedite the widespread acceptance of digital assets. The recent launch of their public Pacific-1 mainnet in August has garnered attention and anticipation from the developer community.

Ankr’s Role with Sei RPC API Connections

Ankr’s Sei RPCs (Remote Procedure Calls) serve as a bridge connecting wallets, user interfaces, and dApps to the Sei blockchain. These RPCs function as intermediaries, transmitting on-chain data between Sei nodes, dApps, and end-users. This facilitates essential operations such as transaction execution, wallet balance retrieval, and ownership data extraction.

The Sei RPC endpoints provide developers with a direct channel to the Sei network, eliminating the need for them to navigate the intricacies of setting up Sei nodes on their own. Ankr’s offering includes a geo-distributed Sei RPC, underpinned by blockchain nodes operating globally, ensuring minimal latency and dependable connections.

Benefits for Developers

Opting for Sei as a foundation for dApps necessitates access to Sei node data. Ankr’s RPC addresses this requirement by:

Simplifying Node Operations: Ankr’s Sei RPCs negate the need for developers to establish their Sei nodes, saving them considerable time and effort.

Providing Access to Advanced Tools: Subscribers to Ankr’s Premium RPC Plan gain immediate access to a suite of advanced tools, including the capability to handle up to 90,000 Sei requests/min, high request priority, global node locations, telemetry, debug mode, a dedicated support portal, and WebSocket (WS) functionalities.

Empowering Applications: Ankr’s RPC facilitates the connection to a cluster of high-performance nodes essential for the development and operation of dApps with Sei blockchain functionalities.

Strengthening the Sei Network: Ankr’s integration will bolster the Sei network on a global scale by simplifying development processes and expanding the node infrastructure.

In the near future, Ankr’s RPC service will feature Sei as a supported option, allowing users to interact with the Sei chain using standard EVM JSON RPC methods.

About ANKR

Ankr is a decentralized blockchain infrastructure provider with nodes distributed across Proof-of-Stake networks. It offers multi-chain tools for Web3 users, including developer solutions like APIs and tools for accessing blockchain data. Ankr Earn facilitates staking and yield-earning opportunities, while Ankr Learn provides educational resources. Founded in 2017 by Chandler Song, Ryan Fang, and Stanley Wu, Ankr stands out as a decentralized alternative to centralized solutions like AWS Blockchain. The ANKR token, available on multiple networks, is essential for transactions, payments, and governance within Ankr’s ecosystem. The maximum ANKR token supply is 10,000,000,000.

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