Terms Explained in Altcoin Airdrop! Here are the details

Altcoin airdrops have an extremely important place in the cryptocurrency world. Aware of this importance, the community looks forward to the announcements. After each announcement, activity begins in the crypto money world. Today we will talk about such a movement.

Terms on Altcoin airdrop

All major airdrops from 2022-2023 have been severely abused. Accordingly, the perpetrators used fraudulent tactics. However, altcoin Sei Network has made a decision. He decided to protect himself from Sybil attackers with next-gen tools. But will they really be able to filter out all malicious people with BotBasher software? Sei Network (SEI) raises the bar for Sybil protection. Accordingly, it asks the airdrop hunters to prove that they are human.

According to an official announcement shared by the Sei Network (SEI) team today (May 27, 2023), anyone who wishes to receive the airdrop rewards must obtain the “Verified Seilor” status. Accordingly, this status will only be valid after “personality proof” checks. So here is a verification procedure. Technically, “Verified Seilor” refers to an elite role on altcoin Sei Network’s (SEI) upgraded Discord server. To achieve this status, Discord users must pass the identity checks made by Humanode on the BotBasher platform. The description emphasizes:

What is the role of “Verified Seilor”? This is your badge of authenticity that proves you are a real person in the internet world. It’s harder than ever to know who’s real online. That’s why at Sei we value real people, not bots.

What to do?

BotBasher allows Discord users to link their personal credentials to this account. It also includes photos and videos for biometric verification. Therefore, users have to prove that they are not using bots to maximize their rewards. In this regard, they will send their video selfies to the partner of Sei Network (SEI). Sei Network (SEI) tokens will be distributed among incentive testnet participants who complete certain stress testing tasks. A total of 1% of the net altcoin SEI supply will be allocated for the airdrop.

What makes Sei Network (SEI) special? Sei Network’s (SEI) airdrop is eagerly awaited by “bounty hunters” around the world. Before cryptocoin.com As we mentioned above, malicious people had launched a fake altcoin SEI token to steal money from the Sei Network audience. Sei Network (SEI) advertises itself as the first industry-specific Layer 1 blockchain. There is a transaction precision of 500 ms and a throughput of 20,000 transactions per second. In April 2023, the blockchain raised $30 million in two rounds. As a result, these rounds increased the valuation of Sei Network (SEI) to over $800 million. Jump Crypto, Distributed Global, Multicoin Capital have supported blockchain in their fundraising efforts.

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