Binance Lists CyberConnect (CYBER) and Sei (SEI) Tokens, Set to Begin Trading within 24 Hours

Binance Lists CyberConnect (CYBER) and Sei (SEI) Tokens, Set to Begin Trading within 24 Hours

UTC by Mayowa Adebajo · 2 min read
Binance Lists CyberConnect (CYBER) and Sei (SEI) Tokens, Set to Begin Trading within 24 Hours
Photo: Depositphotos

CYBER’s initial circulating supply is expected to be 11,038,000.

Binance, the world’s largest crypto exchange by trading volume, has announced the listing of its new projects – CyberConnect (CYBER) and Sei (SEI). According to the announcement, the tokens are set to go live on August 15, 2023, at 12:00 (UTC). And for a start, both tokens will only be able to trade on five pairs. That is, the platform will allow CYBER to trade on CYBER/BNB, CYBER/BTC, CYBER/FDUSD, CYBER/TRY, and CYBER/USDT. Similarly, it will open trading for SEI on the SEI/BNB, SEI/BTC, SEI/FDUSD, SEI/TRY, and SEI/USDT trading pairs.

Although only three trading pairs will be immediately available, Binance, says it will enable its Spot Grid for the CYBER/BTC, CYBER/USDT, SEI/BTC, and SEI/USDT trading pairs within 48 hours after trading launches.

Binance also notes that it will apply Seed Tag to CYBER and SEI. However, it was also quick to clarify that the ‘TRY’ in its trading pairs is not another digital currency, but rather a fiat currency. And for the CYBER/FDUSD and SEI/FDUSD trading pairs, Binance says users will enjoy zero maker fees, at least for now.

CYBER and SEI Tokens

CYBER is the native token of the web3 social network CyberConnect, which enables developers to create social apps that focus on helping users gain full ownership of their digital identity and content. Per Binance, the total token supply of CYBER is 100,000,000. However, once listed on Binance, CYBER’s initial circulating supply is expected to be 11,038,000 ( about 11.04% of the total supply).

SEI, on the other hand, is layer 1 blockchain Sei Network’s native token. SEI’s circulating supply upon listing will be 1.8 billion or 18% of the total supply of 10 billion, per Binance. However, it has been tipped to reach nearly a half-billion market cap on debut. That is even as an early price of 26 cents is enough to bring its market cap to $486 million and put it in the top 100 cryptocurrencies.

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