SEI price speculation

[Xxmodded]

Airdrop participants really hope that they will get a good amount of money on SEI as it was seen as a hype airdrop. But yeah, so many airdrop hunters where disappointed by the end result of the distribution and the total amount of SEI they receive on their wallet. It's sad to see project like this was been labeled as scam by some undeserving participants because of their unwanted airdrop rewards. They are abused and now the only thing they can do is to do damage control.

Participants in SEI airdrop and finished until blocked 6 task but unbelievable with SEI reward airdrop very small, earned under 20 SEI is not enough with how many time waste for doing all SEI task and this most disappointed airdrop allocation from SEI. Possibilities with small reward allocation for airdrop maybe there are many wallet available for receiving SEI coins from airdrop and they have effective with distribution to all airdrop participants but very small reward. First listing price make many airdrop and investor in launchpool most disappointed with SEI coins and I don't think they are interested will buy back SEI after going drop again.

[shinratensei_]

Airdrop participants really hope that they will get a good amount of money on SEI as it was seen as a hype airdrop. But yeah, so many airdrop hunters where disappointed by the end result of the distribution and the total amount of SEI they receive on their wallet. It's sad to see project like this was been labeled as scam by some undeserving participants because of their unwanted airdrop rewards. They are abused and now the only thing they can do is to do damage control.

Participants in SEI airdrop and finished until blocked 6 task but unbelievable with SEI reward airdrop very small, earned under 20 SEI is not enough with how many time waste for doing all SEI task and this most disappointed airdrop allocation from SEI. Possibilities with small reward allocation for airdrop maybe there are many wallet available for receiving SEI coins from airdrop and they have effective with distribution to all airdrop participants but very small reward. First listing price make many airdrop and investor in launchpool most disappointed with SEI coins and I don't think they are interested will buy back SEI after going drop again.

agreed with this one, it's such a long time too from testing phase to their release and what most participants got are just some measly amount of rewards, the people that have been populating their discord since the very beginning are also having so low rewards.
this is the thing with these kind of airdrops that requires testing their blockchain and even retroactive, the devs are taking advantage of the cluelessness in regards of qualification and allocated airdrops by making clout to attract as many people as they can and then do whatever they want with the qualification requirements and the rewards allocated and its not even done through some consensus.
really feel bad for those that have tested their blockchain and the various dapps for a whole year and got nothing in return.

[cheezcarls]

Airdrop participants really hope that they will get a good amount of money on SEI as it was seen as a hype airdrop. But yeah, so many airdrop hunters where disappointed by the end result of the distribution and the total amount of SEI they receive on their wallet. It's sad to see project like this was been labeled as scam by some undeserving participants because of their unwanted airdrop rewards. They are abused and now the only thing they can do is to do damage control.

Participants in SEI airdrop and finished until blocked 6 task but unbelievable with SEI reward airdrop very small, earned under 20 SEI is not enough with how many time waste for doing all SEI task and this most disappointed airdrop allocation from SEI. Possibilities with small reward allocation for airdrop maybe there are many wallet available for receiving SEI coins from airdrop and they have effective with distribution to all airdrop participants but very small reward. First listing price make many airdrop and investor in launchpool most disappointed with SEI coins and I don't think they are interested will buy back SEI after going drop again.

agreed with this one, it's such a long time too from testing phase to their release and what most participants got are just some measly amount of rewards, the people that have been populating their discord since the very beginning are also having so low rewards.
this is the thing with these kind of airdrops that requires testing their blockchain and even retroactive, the devs are taking advantage of the cluelessness in regards of qualification and allocated airdrops by making clout to attract as many people as they can and then do whatever they want with the qualification requirements and the rewards allocated and its not even done through some consensus.
really feel bad for those that have tested their blockchain and the various dapps for a whole year and got nothing in return.

I know how it really feels to be left out in the airdrop. The worst of all is that some high ranking guys on Discord who have been in the incentivized testnet campaign from Act 1 to 4 until the Atlantic-2 are not eligible for the airdrop without explanations at all. I don't know if Sybil is the reason though, but it would be unfair if they are doing it clean but not eligible.

But oh well, airdrop is just a free gift no matter how small or big. As we are spending a lot of time and effort on this one, I believe that the amount we get is decent to our time and effort even if it's not completed.

We have no other choice but to move on from this. There are still many promising airdrops out there, but we gotta be smart to select those retroactive drops that are going to be worth our time.

[irsykes]

I have an officer ambassador role. But I only received 100 sei tokens.  Some of the higher ambassador members do not receive any tokens as well. The main point is there is 300M tokens are allocated to the airdrop. But they have distributed only 12M sei tokens. Also, their discord is muted. We can not contact any admins right now.

Proof :  Sei Foundation address: https://www.seiscan.app/pacific-1/contracts/sei1agd6xc09ydnrucxpjy9c47thunrzzhe5sc75gphjnh4nqkdup8wsexh044

At least you did have 100 Sei tokens. I am just a Level 7 Crew member but eligible to receive 65 Sei tokens. Maybe I am because I do not have multiple accounts. Sybils have been eliminated from the airdrop and there are like over 30,000 wallets that are being disqualified due to multiple accounts.

But it’s not just about focusing on Sei alone. There are projects using Sei where they will be launching their own tokens and airdrop it to early testnet participants.

One of them is Levana Finance. Before the Sei mainnet, I have interacted at least few times with Levana Finance under the Atlantic-2 testnet. The founder himself which I had a call with him a couple of days ago have confirmed that early testnet users will receive an airdrop from Levana Finance once their token is launched.

Probably the same thing to other projects who are using Sei network before the mainnet. Just my own speculation and insight.

I am not convinced about SEI right now. They are on the wrong timing and it will follow other altcoins that conducted airdrop, at first, it will pump and later on, it will drop.
I remember Aptos to Sei here. Easy free money for people who will get airdrop.

Many disappointed especially to people who tirelessly doing the testnet campaign and only got few tokens from it, though it's free but still not be compensated of all the hard work of participants. I think it did not get too much hyped from the crypto community just like passed airdrops like Arkham.

Yeah it really was. What’s most disappointing is that even those who have done testnet last year completing Act 1 to 4, achieved Officer (or even Captain and higher) rank, completing Blocked missions, bridging and many testnet transactions are not even eligible to claim the airdrop.

Maybe it’s because they are being one of the Sybils or exploiters being identified by Sei? We don’t know as there are many factors behind it.

As for me, I only started last April of this year and has incomplete Blocked missions and only get to Crew level on Discord. However, I am eligible but I only get a few bucks just enough for a couple of Starbucks frappucinos because I only stick to one wallet, Twitter (X.com) and Discord account.

But at least it’s free money and I am expecting more airdrops from projects under the Sei network in the future.

 

seeing that since the beginning of the SEI ecosystem like APTOS which will end in uncertainty, many participants of the SEI testnets, almost 7 billion wallets, are active in contributing to the airdrop with the allocation given by SEI of only 3% of the total coin supply. and many were disappointed with the final results because they did not match the expectations expected by the testnet participants

If it ends up like Aptos where it speculates that it’ll be another failed and “dead” L1, I can see more projects using Sei network are going to move to another network.

One of them is already doing it and is known as Sei Monsters (now known as Sea Monsters). They have recently announced that they have ditched Sei for Base.

it's not a guarantee what you think about this sea monster SEI is in the base, not a strong value but research from an ecosystem perspective is still lacking in order. maybe the price of APTOS, SUI, SEI and their ecosystem will soar when entering the coming bull season in the coming year.many new ecosystem projects with good, but not with airdrop rewards.

[JeffBrad12]

Airdrop participants really hope that they will get a good amount of money on SEI as it was seen as a hype airdrop. But yeah, so many airdrop hunters where disappointed by the end result of the distribution and the total amount of SEI they receive on their wallet. It's sad to see project like this was been labeled as scam by some undeserving participants because of their unwanted airdrop rewards. They are abused and now the only thing they can do is to do damage control.

Participants in SEI airdrop and finished until blocked 6 task but unbelievable with SEI reward airdrop very small, earned under 20 SEI is not enough with how many time waste for doing all SEI task and this most disappointed airdrop allocation from SEI. Possibilities with small reward allocation for airdrop maybe there are many wallet available for receiving SEI coins from airdrop and they have effective with distribution to all airdrop participants but very small reward. First listing price make many airdrop and investor in launchpool most disappointed with SEI coins and I don't think they are interested will buy back SEI after going drop again.

yes the task is so complicated and the rewards is just really small in this case.
not to mention the fact that they deliberately trying to delay the distribution for airdrops, i don't know for what reason but maybe they are trying to make some sell off or something but most certainly when the airdrops were delayed the value of sei has been decreased significantly.
its just really sad though for some people that have finished their super complicated task in platform like catly and the likes, making hundreds tweets and retweets got 20 sei which is roughly 3 dollars just seemed so silly.

[shinratensei_]

I know how it really feels to be left out in the airdrop. The worst of all is that some high ranking guys on Discord who have been in the incentivized testnet campaign from Act 1 to 4 until the Atlantic-2 are not eligible for the airdrop without explanations at all. I don't know if Sybil is the reason though, but it would be unfair if they are doing it clean but not eligible.

But oh well, airdrop is just a free gift no matter how small or big. As we are spending a lot of time and effort on this one, I believe that the amount we get is decent to our time and effort even if it's not completed.

We have no other choice but to move on from this. There are still many promising airdrops out there, but we gotta be smart to select those retroactive drops that are going to be worth our time.

I've heard that too, even there are rumours that the discord mod not even get qualified though I don't know if that rumour holds truth.

so much effort for it to go into the drain, this is why we never ever heavily depend on these airdrops, the results we get is just so unclear that sometimes it always such a massive turn off from participating in it.
hundred of airdrops out there and only very few that have meaningful rewards and I'm not even talking about thousands of dollars rewards.

I guess as you said what best course of action is to just move on and just do airdrops as much as we can without expecting some massive rewards from these.

[ShinyStarPrincess]

I put some on the Saving programs of some cex (bitget was my main platform). On the other hand, the FUD is still very strong because the people are upset about the Airdrop. To be honest, that low amount doesn't surprise me. Free money tasks usually give these types of airdrops (Aptos was an Oasis in the middle of the Dessert). But I have some trust on $SEI to be a strong alternative as L1

[bussybuddy]

Although there are a lot of issues surrounding the project and the community, as far as I know the people who have previously joined SEI are feeling dissatisfied with the meager rewards during the testnet. Honestly, I feel that the project may not have been generous when there were more controversies, moreover the current valuation is also too large compared to similar projects in the current market context.
In the long term I also think it takes time to develop, looking at the current price it still seems too high, and also looking at the vesting schedule, the price will be able to impress in q1 q2 2024.

[sopiandi]

I was joined #SeiScam tasks
testnet blocked, bridge and have role in discord
but my wallet not eligible.

Validator same not receive airdrop

this is scammer project.

[cheezcarls]

Although there are a lot of issues surrounding the project and the community, as far as I know the people who have previously joined SEI are feeling dissatisfied with the meager rewards during the testnet. Honestly, I feel that the project may not have been generous when there were more controversies, moreover the current valuation is also too large compared to similar projects in the current market context.
In the long term I also think it takes time to develop, looking at the current price it still seems too high, and also looking at the vesting schedule, the price will be able to impress in q1 q2 2024.

Vesting schedule? Does that mean our tokens are not yet 100% claimed?

What I really do not understand however is the fact that early testers from Act 1 to 4, Atlantic-1, Officers, Captains, etc., last year are even not eligible, while I just joined last April of this year with just a Crew role and an incomplete Blocked missions but was eligible.

Probably Sybil is the real reason. I have a Facebook friend who keep posting about Sei and has multi accounts claiming she had participated since last year. But in the end? She got nothing! Wasn’t eligible.

Same thing with another FB contact where he claimed to have 17 different wallets, Twitters and Discords, but also ended up not eligible too due to Sybil and exploit-related stuff.

[tvplus006]

Although there are a lot of issues surrounding the project and the community, as far as I know the people who have previously joined SEI are feeling dissatisfied with the meager rewards during the testnet. Honestly, I feel that the project may not have been generous when there were more controversies, moreover the current valuation is also too large compared to similar projects in the current market context.
In the long term I also think it takes time to develop, looking at the current price it still seems too high, and also looking at the vesting schedule, the price will be able to impress in q1 q2 2024.

I think the main reason is that very few coins were distributed as airdrop for those who tested the network in the testnet. And if more coins were distributed, the more coins would be sold accordingly, which would certainly entail a stronger price reduction.

[shinratensei_]

I think the main reason is that very few coins were distributed as airdrop for those who tested the network in the testnet. And if more coins were distributed, the more coins would be sold accordingly, which would certainly entail a stronger price reduction.

but I think despite price reduction that is kinda anticipated when a project is having massive airdrops rewards for their users or early contributors, it could significantly helps them in developing their ecosystem.
the fact that there are many tokens to be distributed over various addresses also means that they most definitely are increasing the number of the token holders which also give that impression that the blockchain is crowded and might attract some dapps developers. this is the reason why the other blockchain prominently l2 are doing the exact things, because they wanted to grow the ecosystem.
in the case of sei it might just like sui, getting abandoned after people are finally done with their investments.

[Xxmodded]

I got almost 300 SEI from Binance launchpool and sell half when price dropping around $0.25, right now SEI price have been dropped drastically to $0.15 and holding is better than selling. Left few days later with Launchpool ended and seems I will received about 400 SEI from 12 BNB staking and looks not profitable yet because first time staking BNB price around $240 and today drop drastically to $210. Its not profitable yet and more losing for participants get staking their Binance to earn SEI coins from launchpool. I don't expected huge for SEI will up to $1 because first time listing have lower price under $0.2 until right now stable and consistent with lower price. Loss motivate for holding SEI because price progress stuck down and never up as our expected to $1.

[nelson4lov]

I got almost 300 SEI from Binance launchpool and sell half when price dropping around $0.25, right now SEI price have been dropped drastically to $0.15 and holding is better than selling. Left few days later with Launchpool ended and seems I will received about 400 SEI from 12 BNB staking and looks not profitable yet because first time staking BNB price around $240 and today drop drastically to $210. Its not profitable yet and more losing for participants get staking their Binance to earn SEI coins from launchpool. I don't expected huge for SEI will up to $1 because first time listing have lower price under $0.2 until right now stable and consistent with lower price. Loss motivate for holding SEI because price progress stuck down and never up as our expected to $1.

In my experience, Binance Launchpad projects do more better than binance launch pool project so its normal for the price of BNB to go down after the launchpad/launchpool event has been concluded (less demand, more supply). Often times, the value earned in $ don't always compensate for the $  value lost in BNB. As a rule of thumb, its better to buy Bnb when the price is low and hold it till whenever there's a launch pad oe launch pool event. That seems like the best play for it now.

For SEI, I don't have much expectations considering the fact that Aptos and Sui are already becoming mid-tier projects after launch. Sei, even faster.

[poodle63]

i'm not shocked when i've seen the trend about these airdrops in general is starting to wear out. most of the airdrops are just giving pure garbage coins, i mean i know there are something like aptos and arbitrum that gives massive airdrops but with the emergence of hundred others L2 and L1 making an airdrop the rewards become irrelevant.

I put some on the Saving programs of some cex (bitget was my main platform). On the other hand, the FUD is still very strong because the people are upset about the Airdrop. To be honest, that low amount doesn't surprise me. Free money tasks usually give these types of airdrops (Aptos was an Oasis in the middle of the Dessert). But I have some trust on $SEI to be a strong alternative as L1

well thats true usually whatever tasks was needed to be eligible in the testing phase, will turns out to be massive disappointment most of them doesn't fare well.
nowadays whats worth from these airdrops are those that requiring us to test in their mainned instead in which we definitely gonna need to pay for the gas fee to test.
but the funny thing is that sometimes some coins are just reimbursing the fee spent and thats it and considers their efforts of testing as just mere a good will.

[cheezcarls]

Although there are a lot of issues surrounding the project and the community, as far as I know the people who have previously joined SEI are feeling dissatisfied with the meager rewards during the testnet. Honestly, I feel that the project may not have been generous when there were more controversies, moreover the current valuation is also too large compared to similar projects in the current market context.
In the long term I also think it takes time to develop, looking at the current price it still seems too high, and also looking at the vesting schedule, the price will be able to impress in q1 q2 2024.

I think the main reason is that very few coins were distributed as airdrop for those who tested the network in the testnet. And if more coins were distributed, the more coins would be sold accordingly, which would certainly entail a stronger price reduction.

Probably true. But still I feel for those earlier than me with higher Discord ranks (e.g., Officer, Captain, etc.) and has participated in last year’s testnet campaign are not eligible. It would be worse if they come clean and not having multiple accounts. There might be different factors and reasons behind for them not to be eligible aside from being tagged as Sybil.

However, regardless of the very small airdrop that we receive, I still see opportunities within the opportunity. Like various projects using the Sei blockchain maybe doing surprise airdrops to their respective communities.

As far as I know, Levana Finance is one of them as confirmed by the founder himself for both testnet and mainnet users. Double Jump by Tatami Games is also another one using Sei and they’ll be having a JUMP airdrop after the tournament ends.

[tvplus006]

I got almost 300 SEI from Binance launchpool and sell half when price dropping around $0.25, right now SEI price have been dropped drastically to $0.15 and holding is better than selling. Left few days later with Launchpool ended and seems I will received about 400 SEI from 12 BNB staking and looks not profitable yet because first time staking BNB price around $240 and today drop drastically to $210. Its not profitable yet and more losing for participants get staking their Binance to earn SEI coins from launchpool...

All these Launchpads and Launchpools bring additional profit only to long-term BNB holders. For those who specifically buy BNB to participate in such programs from Binance, as a rule, a loss is fixed due to the fact that after the end of Launchpad and Launchpool, the price of BNB is very much reduced. Thus, the resulting profit does not cover the losses associated with the exchange rate difference.

[cheezcarls]

I got almost 300 SEI from Binance launchpool and sell half when price dropping around $0.25, right now SEI price have been dropped drastically to $0.15 and holding is better than selling. Left few days later with Launchpool ended and seems I will received about 400 SEI from 12 BNB staking and looks not profitable yet because first time staking BNB price around $240 and today drop drastically to $210. Its not profitable yet and more losing for participants get staking their Binance to earn SEI coins from launchpool...

All these Launchpads and Launchpools bring additional profit only to long-term BNB holders. For those who specifically buy BNB to participate in such programs from Binance, as a rule, a loss is fixed due to the fact that after the end of Launchpad and Launchpool, the price of BNB is very much reduced. Thus, the resulting profit does not cover the losses associated with the exchange rate difference.

This is much more profitable right now than waiting for the Sei airdrop. At least they are getting 3 figures of Sei for staking a bunch of BNB. It is something that I cannot afford right now to have so many BNBs to hold as I am prioritizing to hold Bitcoin.

Although this has received lots of backlash from those who are expecting a big airdrop from Sei that ended up in disappointment, I think this might be similar to Sui.

Back then, Sui had lots of backlash and disappointment but they are continuing to build in their network and slowly gaining ground. Maybe Sei can do it too especially for projects who are sticking around with them and not migrating to the other chains.

[@sriyan]

But it’s not just about focusing on Sei alone. There are projects using Sei where they will be launching their own tokens and airdrop it to early testnet participants.

One of them is Levana Finance. Before the Sei mainnet, I have interacted at least few times with Levana Finance under the Atlantic-2 testnet. The founder himself which I had a call with him a couple of days ago have confirmed that early testnet users will receive an airdrop from Levana Finance once their token is launched.

Most of the sei dapps are moving to the Base network now. So all the sei dapps airdrops will shit airdrops.
Still, the sei network has not distributed 300M(Airdrop) sei tokens to the users. Only 68M Sei were claimed. Where did the remaining 232M Sei go?

Another thing is if you checked the top airdrop claimer's addresses, all of them belong to the Sei project team(Admins, Development team members). Another important fact is no one sold it yet.

Proof: https://flipsidecrypto.xyz/hess/sei-airdrop-distribution-xP90nU   (You can cross-check on the sei faucet channel)

[JeffBrad12]

Another thing is if you checked the top airdrop claimer's addresses, all of them belong to the Sei project team(Admins, Development team members). Another important fact is no one sold it yet.

well thats red flag there, there's rumour that even validators aren't getting anything from this blockchain and if you're saying is true then it just means that the team is shady.
still baffles me though even after these dramas the valuation of sei market capitalization is still quite huge.
those that spent their whole year for this blockchain is truly wasting their time on some mediocre blockchain that doesn't even appreciate their own community.
though there's possibility that there will be second waves of airdrop since it seem they are just distributing only very small portion of the reserved token but maybe second wave might be for someone else entirely different to the current airdrop receivers.