Buy Sei

Sei is a layer 1 blockchain designed to optimize digital asset trading. It addresses issues such as low liquidity, slow transaction speeds, and lack of transparency that plague many other layer 1 blockchains. Sei combines Ethereum’s user-friendly development environment with Solana’s high performance, creating an efficient, fast, and reliable blockchain.

A challenge in today’s crypto market is the ‘exchange trilemma’ – the balance between decentralization, scalability, and liquidity. Sei addresses this trilemma by offering an infrastructure specifically designed for the needs of trading applications. Users benefit from advanced features such as Twin-Turbo consensus, automatic order bundling, and built-in parallelization, which ensure fast transaction settlement and high liquidity. This makes the platform suitable for decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.

The SEI token plays a central role in the Sei ecosystem, used for transaction fees, staking, and governance. The token also serves as collateral within Sei applications, making it an integral part of Sei’s economic structure.

Who founded Sei?

Sei was founded and created by Jeffrey Feng and Jayendra Jog, who founded San Francisco-based Sei Labs in 2021. Feng had experience at Goldman Sachs and Coatue Management, while Jog was a software engineer at Robinhood. Their expertise and vision led to the development of one of the fastest blockchains in the crypto space. Sei Labs is led by a team of over 30 professionals.

Sei offers a wide range of uses that make it attractive to both developers and end users. Here are the main features and applications of the Sei network:

• Decentralized Exchanges (DEXs): Sei’s built-in order book and matching engine enable developers to build efficient and fast DEXs, with faster transactions, lower fees, and improved liquidity for users.
• DeFi applications: Developers can build DeFi apps that take advantage of Sei's high throughput and low latency, providing users with faster and cheaper transactions.
• NFT marketplaces and GameFi platforms: Sei's high speed and low transaction fees make it suitable for NFT trading and blockchain games.
• High-frequency trading: The ability to process orders within a single block is attractive to high-frequency traders, who can benefit from fast trading.

Sei is a layer 1 blockchain that uses several technological innovations to improve the speed, security and efficiency of the blockchain.

Twin-Turbo consensus mechanism

Sei uses a variation of the Tendermint consensus mechanism called the Twin-Turbo mechanism. This mechanism consists of two phases: block propagation and transaction ordering. By speeding up the way blocks are proposed and approved, the Twin-Turbo mechanism reduces the time it takes to finalize a block.

This is done through optimistic parallelization. Transactions are processed in parallel as soon as they are received, before they are fully validated. This allows transaction processing to begin while the block is still pending, resulting in faster throughput and efficiency.

Built-in order book and matching engine

Sei has a built-in layer 1 order book and matching engine. This allows developers to implement decentralized exchanges (DEXs) directly on the blockchain. The system supports various complex trading features such as frequent batch auctioning, which minimizes front-running and promotes fair trading.

Built-in price oracle

The built-in price oracle provides accurate and real-time price information essential for trading platforms and financial applications. This oracle ensures consensus on asset prices before transactions are finalized, contributing to the reliability and stability of the network.

Execute transactions

Sei uses several technologies to optimize transaction processing. One key technology is parallel order execution. This technology allows Sei to process orders from independent markets simultaneously, maximizing transaction throughput. Within the same market, orders are processed immediately to ensure consistent and predictable results.

Another technology is single-block order execution. This allows traders to place and execute orders within a single block. This is particularly beneficial for high-frequency trading, where speed is crucial for profitability.

To further increase efficiency, Sei supports order bundling, which combines multiple orders into a single transaction. This reduces overhead and improves market liquidity, making it easier for market makers to provide liquidity.

The SEI token is a utility and governance token. The SEI token allows users to pay transaction fees, participate in the governance of the protocol, and serves as collateral in various applications on the SEI platform. Token holders can also stake their SEI tokens, where they lock up their tokens to secure the network and earn rewards in the form of SEI tokens. The maximum supply of SEI is set at 10 billion, which will be gradually released into circulation. The distribution is as follows:

• 24.5% for the ecosystem reserve (1 year).
• 23.5% for the ecosystem reserve (2 to 7 years).
• 20% for investors from the private sales round.
• 15.2% for the team (2 to 4 years).
• 4.8% for the team (5 to 6 years).
• 9% for the foundation.

SEI staking is a process where token holders stake their assets to support the network. SEI token staking allows users to contribute to the security and operation of the network, delegating their tokens to validators who validate new transactions and add blocks to the blockchain. As a reward, stakers receive a portion of transaction fees, depending on the amount of tokens they stake and the total stake of the network.

Anyone can stake SEI tokens and earn rewards. To do this, you first need to buy SEI tokens, for example at Bitvavo, after which you transfer them to a wallet that supports SEI staking, such as Compass or Fin. On the official staking platform app.sei.io, you connect the wallet and choose a validator to whom you delegate your tokens. The rewards will then be automatically added to the connected wallet.

The following features make Sei a unique project within the crypto and blockchain space:

• Twin-Turbo consensus: This consensus mechanism reduces the wait time for validators, allowing users to transact faster.
• Built-in order book and matching engine: Sei has a built-in order book and matching engine that allows developers to build powerful and efficient decentralized exchanges without relying on external technologies.
• Parallel transaction processing: Sei uses advanced technologies to process transactions in parallel, resulting in higher throughput speeds and better scalability for all types of applications.
• Optimistic Parallelization: Sei treats transactions in an “optimistic” manner by processing them immediately upon receipt, which increases the speed of transaction processing without compromising security.
• Built on Cosmos SDK: This technology makes Sei compatible with other blockchains within the Cosmos network, making it a flexible and versatile choice for developers who require interoperability between different blockchains.

Buy Sei (SEI) at Bitvavo. Our platform is suitable for both beginners and experienced traders. Follow these steps to buy SEI tokens via our website and app:

1. Log in to your Bitvavo account or register a new account.
2. Add funds to your account by clicking on "Deposit".
3. Visit the buy page for Sei (SEI).
4. Enter the amount in euros you want to spend or the number of SEI tokens you want to buy and click "Buy".

The price of SEI coins is directly dependent on the current market rate. After your purchase, the SEI tokens are deposited directly into your Bitvavo account, where you can easily manage and trade them. This allows you to quickly respond to market developments and price fluctuations.

Your Sei tokens are stored securely within your Bitvavo account, with a large portion of the coins being kept offline in cold storage for maximum security. Enabling two-factor authentication (2FA) is highly recommended as an additional layer of security.

For those who prefer personal control over their SEI tokens, they can be stored in most modern software and hardware wallets. After purchase, you can easily transfer your SEI to an external wallet by linking your wallet address to your Bitvavo account, giving you full control over your cryptocurrencies.