SEI Risk

SEI (SEI)
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DESCRIPTION

SEI is the native utility token of the Sei Network, a layer-1 blockchain specifically designed for trading and decentralised finance (DeFi) applications. Built using the Cosmos SDK, Sei Network aims to optimise trading speed, scalability, and security, offering a high-performance infrastructure for exchanges and DeFi protocols. The SEI token plays a pivotal role in the ecosystem, being used for transaction fees, staking to secure the network, and participating in governance. SEI holders can stake their tokens to help secure the network and earn rewards, as well as participate in the platform’s governance by voting on proposals that shape the future direction of the network.

Sei (SEI) Whitepaper: https://github.com/sei-protocol/sei-chain/blob/main/whitepaper/Sei_Whitepaper.pdf

‍RISKS OF SEI
Investing in cryptocurrency and digital assets, such as Sei (SEI), carries inherent risks, including but not limited to:
(i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc. Services Risk Statement. Please note that these risks and the associated summaries or overviews provided herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to SEI. We encourage all users to perform their own due diligence to assess the risks associated with SEI and to determine whether this level of risk is acceptable to them. Neither SEI nor Satstreet guarantees the value of SEI, and holders of SEI will not have any recourse to SEI or Satstreet if the value of SEI declines for any reason whatsoever.

‍SATSTREET EVALUATION OF SEI
Satstreet Inc. has reviewed and assessed SEI prior to making it available through our services and has concluded that SEI is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove SEI from its platform as described in the Satstreet Inc. Services Risk Statement.Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about SEI, including an opinion that SEI is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed SEI, including, but not limited to, a review of the following: The creation, governance, usage, and design of SEI, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created SEI. The supply, demand, maturity, utility, and liquidity of SEI. Material technical risks associated with SEI, including any code defects, security breaches and other threats concerning SEI and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with SEI, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of SEI, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to SEI about whether SEI, or generally about whether the type of crypto asset, is a security and/or derivative.
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Last Updated: August 2024

Risk Statements

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