Binance, one of the leading cryptocurrency exchanges, has recently introduced two exciting projects on its Launchpool – Sei (SEI) and CyberConnect (CYBER). These new layer 1 blockchain platforms offer unique opportunities for users to stake their assets and farm tokens in exchange for attractive rewards.
Sei (SEI) – The Optimized Blockchain for Digital Asset Exchange
Sei (SEI) is a layer 1 blockchain platform designed to optimize the exchange of digital assets. With its innovative technology, Sei aims to provide a seamless and efficient trading experience for users. To kickstart the project, the exchange has listed SEI on its Launchpool and is offering a generous pool of 300,000,000 SEI tokens (3% of the total token supply) for farming.
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Users can participate in SEI farming by staking their Binance Coin (BNB), TrueUSD (TUSD), or FDUSD tokens into separate pools. The farming period will last for 30 days, starting from August 2, 2023, 00:00 (UTC). The staking terms require users to complete KYC verification, and there are hourly hard caps per user for each pool, ranging from 2,083.33 SEI in the FDUSD pool to 33,333.33 SEI in the BNB pool.
Binance will list SEI for trading on August 15, 2023, with SEI/BTC, SEI/USDT, and SEI/BNB trading pairs available. Users who have staked their BNB in the BNB Vault will automatically participate in the SEI Launchpool and receive SEI rewards directly into their Spot Wallets.
Binance Announcement: click here
CyberConnect (CYBER) on Binance – Empowering Social Applications with Web3
CyberConnect (CYBER) is an exciting Web3 social network platform that empowers developers to create innovative social applications. Binance Launchpool has made CYBER available for farming with a pool of 3,000,000 CYBER tokens (3% of the total token supply) up for grabs.
To farm CYBER, users can stake their BNB, TUSD, or FDUSD tokens into separate pools. The farming period for CYBER also lasts for 30 days, starting from August 2, 2023, 00:00 (UTC). As with SEI, users need to complete KYC verification and adhere to hourly hard caps per user, ranging from 20.83 CYBER in the FDUSD pool to 333.33 CYBER in the BNB pool.
Binance will list CYBER for trading on August 15, 2023, with CYBER/BTC, CYBER/USDT, and CYBER/BNB trading pairs available. Users who have staked their BNB in the Binance BNB Vault will automatically participate in the CYBER Launchpool and receive CYBER rewards directly into their Spot Wallets.
Binance Announcement: click here
Conclusion
Binance continues to bring exciting opportunities for its users by launching promising projects on its Launchpool platform. With the introduction of Sei (SEI) and CyberConnect (CYBER), participants can stake their assets and farm tokens to earn attractive rewards. However, users should be aware of eligibility requirements and stay informed about the farming details to make the most of these opportunities. Binance’s commitment to fostering innovative blockchain projects and providing users with diverse investment options solidifies its position as a leading cryptocurrency exchange.
