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The crypto neighborhood, particularly the followers and customers of the Sei Community, lately skilled a wave of discontent. The much-anticipated SEI airdrop became a whirlpool of criticism and backlash.
The crypto-Twitter panorama resonated with disappointment. Customers aptly labeled their SEI expertise as a “tragedy,” whereas one other remarked concerning the heartbreak of farming for 8-12 months, solely to be rewarded with a paltry sum.
Thanks @SeiNetwork for the 65 million $SEI tokens,
Life-changing Airdrop value $12,870🤡 pic.twitter.com/ZEGNcxCt0N
— shrey.bnb (🦺,🦺) (@ShreyUday) August 17, 2023
Cryptocurrency initiatives similar to SEI face continued ongoing challenges. Whereas striving for mass adoption, safe listings on prime exchanges, and excessive scores to facilitate insider or VC money outs, missteps just like the SEI saga can rapidly erode neighborhood belief.
The launch of the SEI lunch pool on Binance may need been a strategic transfer, nevertheless it left the neighborhood feeling used and abused.
SEI Airdrop Recap
SEI’s announcement of their upcoming itemizing was met with anticipation. Nonetheless, they maintained an enigmatic silence concerning the airdrop till the eleventh hour. Upon launching an internet site for customers to confirm their drop entitlements, technical points rapidly emerged. This preliminary stumble hinted at potential challenges mendacity forward.
SEI notified the neighborhood that the distribution of the airdrop would comply with the first token itemizing with a delay. This postponement stirred a wave of discontent inside the neighborhood. When the airdrop ultimately occurred, the payout fell far wanting expectations.
The typical distribution per account ranged from $4 to $15, leaving the neighborhood dissatisfied.
✅ You now can declare your Airdrop on https://t.co/zOQCndnQ8H
To be trustworthy, I am actually dissatisfied with #SeiNetwork.
$12 for a way a lot I used to be contributed to the chain for the reason that starting of Atlantic-1 is a shameful. pic.twitter.com/4K1D2ZqjoD
— Sei Each day (@SeiDailyTK) August 17, 2023
The Ripple Impact: What Lies Forward?
Amidst rising discontent, the long run route of LayerZero, dealing with 30 million transactions, stays unsure. How the neighborhood backlash will have an effect on the SEI token’s value is now a topic of hypothesis. The SEI airdrop fiasco serves as a cautionary story for different crypto initiatives. Energetic engagement, transparency, and fulfilling expectations are paramount.Within the decentralized realm of cryptocurrency, it’s now evident that the neighborhood wields important affect.
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