Sei (SEI): A First-Layer Blockchain Optimized for Digital Asset Trading

♦ Sei is a first-layer blockchain optimized for digital asset trading and is a fully open-source general-purpose blockchain.

♦ SEI is the native token of the project. Current use cases for SEI include:

♦ Network fees: Paying transaction fees on the Sei blockchain.

♦ DPoS validation nodes: SEI holders can choose to delegate their holdings to validation nodes or stake SEI to run their own validation nodes to ensure network security.

♦ Governance: SEI holders can participate in future governance.

♦ Native collateral: SEI can be used as native asset liquidity or collateral for applications developed on Sei.

♦ Fee market: Users can pay fees to validation nodes for transaction priority and can share with users delegating to that validation node.

♦ Transaction fees: SEI can be used as transaction fees for exchanges built on the Sei blockchain.

♦ The project consists of the following components:

♦ Dual turbocharged consensus: Sei achieves a finality time of 400 milliseconds (10 times faster than Solana and other high-performance blockchains).

♦ Smart block propagation: Block proposals and transaction digests are sent together, allowing validators to build blocks locally, speeding up user response times.

♦ Optimized block processing: Validators begin processing blocks immediately upon receipt, further speeding up user response times.

♦ Single-slot finality: Validators need to reach consensus before adding a block to the network, making Sei resistant to reorganization and providing a seamless user experience.

♦ Parallelization: Sei achieves 20,000 orders per second through parallelization, allowing Sei to process independent transactions simultaneously, reducing user transaction costs.

♦ Front-running prevention: Projects based on Sei can use a local matching engine to prevent negative MEV, such as front-running.

♦ Native price oracle: Validators provide trustless, decentralized price feeds for popular assets, offering users a more reliable trading experience.

♦ Permissionless smart contracts: Sei is a permissionless blockchain, allowing developers to deploy Rust-based smart contracts.

♦ The project has raised $35 million through three rounds of equity investment. A total of 2 billion SEI will be allocated to equity investors.

♦ As of August 1, 2023, the total token supply of SEI is 10,000,000,000 (10 billion). The initial circulating supply will be 1,800,000,000 (approximately 18.00% of the total supply).

CyberConnect (CYBER): A Decentralized Social Network Protocol

♦ CyberConnect is a web3 social network that enables developers to create social applications, allowing users to own their digital identity, content, connections, and interactions.

♦ The current social network landscape is dominated by a few profit-driven companies whose primary focus is their own economic interests. These platforms often exploit user data and manipulate content, communities, and users on a large scale to maximize revenue. The centralization of social network data creates an ecosystem that unfairly monetizes user data and hinders innovation, preventing developers from launching new social products and features.

♦ CyberConnect aims to challenge this status quo by establishing a community-owned social network, allowing users to ultimately control their digital lives without the influence of centralized and biased technology.

♦ CYBER is the governance token of the CyberConnect protocol, and it can be used for the following functions:

♦ Governance: CYBER token holders have voting rights and can delegate their voting rights to others. Protocol improvements are determined based on voting rights.

♦ CyberID payments: Used for payments when purchasing CyberID.

♦ CyberAccount Gas token: Used as a price meter and gas fee payment method for all transactions across EVM-compatible chains within CyberAccount.

♦ CyberDAO will introduce more use cases for CYBER.

♦ CyberConnect aims to support the scalability of web3 social dApps and provide users with a social network experience similar to web2.

♦ CyberAccount: A multi-chain account system compatible with ERC-4337, providing seedless and gasless user onboarding.

♦ CyberGraph: An anti-censorship smart contract for recording user content and social relationships, with built-in monetization tools.

♦ CyberNetwork: An efficient and scalable L2 network bringing web3 social to the world.

♦ The project has raised $25 million through two rounds of private token sales, with 25,120,000 CYBER tokens sold. The project also conducted a public sale on Coinlist, raising $5.4 million, with CYBER priced at $1.80.

♦ As of August 1, 2023, the total supply of CYBER is 100,000,000, with a circulating supply post-listing of 11,038,000 (approximately 11.04% of the total token supply).

Source: Binance

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