The public chain Sei tweeted that 1% of the Sei token supply will be allocated to incentivize the testnet and reward early members of the Sei community who use the chain.
Sei expresses its emphasis on users who have a strong desire to advance, test and develop the Sei ecosystem. According to previous reports, the public chain Sei released a white paper saying that it introduced Twin-Turbo consensus and parallelized the Cosmos chain.
In August this year, Sei Labs completed a $5 million seed round, led by Multicoin Capital, with participation from Coinbase Ventures, GSR, Flow Traders, Hudson River Trading, Delphi Digital, and Tangent.