An enormous variety of folks slammed the Sei crypto venture crew and stated that it’s not greater than a rip-off venture citing a number of causes.
SEI token is the native token of the Sei blockchain, a extremely scalable & environment friendly crypto community launched on 15 Aug 2023. SEI Labs, the crew behind the SEI token, aimed to carry a excessive degree of scalability & low-cost commerce throughout the decentralised crypto exchanges.
From 16 to 18 Aug 2023, the “SeiScam” hashtag was trending on X (previously Twitter). The vast majority of the X customers referred to as this crypto venture only a rip-off.
Following the launch of the Sei token on prime crypto exchanges, the commerce value of the SEI token surged by almost 3,100%. The Sei crypto venture crew promised to reward “pioneering customers of blockchain know-how from throughout many ecosystems”, to make “a very cross-chain airdrop”.
After the launch of this token, nearly all of the crypto customers, who participated within the Sei token airdrop program, reported that the Sei token crew closed the discord channel & Sei token buyers are unable to grasp the exact approach to declare the airdrop token rewards.
In response to those criticisms, the Sei venture crew responded not directly however didn’t seize the belief of the Sei airdrop token individuals.
A crypto fanatic stated that the Sei token crew failed in its Airdrop marketing campaign and that is the explanation why individuals are calling it a rip-off.
SEI token value motion
The present commerce value of the Sei token is $0.15 & this commerce value is 23% down over the past 24 hours’ commerce value.
This massive downfall within the commerce value of this new crypto token is exhibiting that individuals are able to lose curiosity from this venture however it is going to be attention-grabbing to see the following step by the Sei token crew within the crypto Defi trade, whether or not it is going to carry any higher ecosystem for crypto merchants or will fail to fulfil the promise.
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