Seijin, as the first licenced fork of Avalaunch, has chosen the Sei ecosystem with hopes of achieving even bigger success in the world of decentralized fundraising. Mark Stanvyck, the Co-Founder of Avalaunch, Grover, the Head of Marketing at Sei and Vanja, the Project Lead at Seijin shared fascinating insights during an engaging discussion. They revealed behind-the-scenes details about Avalaunch, Sei, and Seijin, including some information never heard before. Here’s the recap and the key topics unraveled on another amazing Twitter Spaces.
The Vision Behind Sei
Sei’s core vision stems from the founders’ experience and dissatisfaction with centralized exchanges. Jeff and Jay, Sei’s founders, recognized the need for a decentralized exchange but found existing layer-one solutions lacking in scalability and throughput. That’s why Sei embarked on developing its own blockchain, launching Sei V2, the first parallelized EVM blockchain. With its unmatched speed and throughput, Sei V2 aims to provide a platform for decentralized applications. Currently in phase two of its launch, Sei is setting up bridges and infrastructure, with phase three on the horizon. The ultimate goal is to facilitate the development and adoption of apps on the Sei blockchain, ushering in a new era of decentralized finance and exchange.
Update on the Sei V2 Alpha Launch
Based on past experiences with launching major updates, Sei approached this launch with the understanding that things might not always go as planned. This cautious approach helps manage expectations and ensures a more controlled rollout.
The necessity of a phased approach has been recognized from the beginning, and this method helps avoid unrealistic expectations and allows for a more gradual, stable introduction of new features. They are waiting for a few more bridges to become operational and some incentive programs to go live, and those elements will signal the next phase of the launch. Everything has been progressing well, and the process has been smooth and on track, though third-party integrations take time.
Learning from the Best — The Connection Between Avalaunch and Seijin
Avalaunch, since its inception in 2020, has achieved remarkable success with 30 lucrative sales and over $22,643,620 raised to date. Seijin, the official fork of Avalaunch, has immense potential to surpass these achievements. Seijin benefits from a team with prior experience building Avalaunch and implementing effective strategies. Our primary motivation is to build a community-driven product, which is why we organize AMAs, Spaces, and provide continuous updates.
Seijin has inherited powerful features from Avalaunch, notably the 100% revenue distribution to token holders during sales, a vital aspect often missing on other platforms. Despite launchpads being around for years, we’ve identified gaps in their functionality, and by learning from others, we aim to integrate these values into the broader ecosystem.
Nurturing Community as the Cornerstone of Avalaunch’s Long-Term Success
Central to the sustained excellence of Avalaunch is its thriving community. Crafting an exceptional product is an ongoing journey that demands dedication over time. The invaluable insights from community feedback prompt us to address aspects we might have overlooked or not prioritized otherwise. So, the recipe for keeping any product relevant over the years is simple: prioritize the community and their input. This symbiotic relationship not only enriches the project but also fosters enduring value.
Building a strong community is crucial for long-term success, and Avalaunch has mastered this through consistent, respectful engagement and genuine support for its users. While growth campaigns, airdrops, and onboarding initiatives provide initial boosts, the real key is sustained, positive interaction over time. Treating community members as real human beings and responding well during challenges builds trust and loyalty. Avalaunch’s success stems from its commitment to helping new teams, handling unexpected issues effectively, and maintaining a respectful and responsive presence. This approach has earned them vocal supporters and a lasting, robust community, even in the highly volatile crypto space.
Treating people right fosters loyal supporters, as seen in the Avalaunch community. What you do during challenging moments matters most because, when the market is good, everything works smoothly, everyone is content, and people don’t pay much attention to issues. However, when you enter a difficult period, which can last a long time, or when unexpected problems arise, how you respond to and support your community during these times is crucial. This approach builds a stronger, long-lasting community and helps it grow. This long-term commitment to community engagement is key to success.
Sei’s Approach to UX
User experience is crucial to Sei because it ensures that interactions with the platform are seamless, intuitive, and immediate. For Sei V2, the focus is on achieving first finality, where actions occur instantly, and managing the complexity of supporting two virtual machines to avoid user friction. By continuously reevaluating and incorporating user feedback, Sei aims to minimize issues for existing users and provide a smooth onboarding process for new ones. Efforts include optimizing performance and speed, as demonstrated by Dragon Swap, to deliver fast and efficient applications. Overall, Sei prioritizes user experience to create a responsive and user-friendly platform.
‘Parallelized EVM’ and Its Key Advantages Explained
A ‘parallelized EVM’ means that Sei can process multiple transactions at the same time, much like how a computer can run multiple programs simultaneously. This greatly increases the number of transactions per second (TPS) that the network can handle, far surpassing the capacity of Ethereum. For example, while Ethereum might manage 50–60 TPS, Sei can handle 100 times that amount if needed. This efficiency reduces waiting times and improves user experience. Additionally, Sei’s parallelization helps avoid transaction bottlenecks, making it one of the fastest blockchains available. An analogy often used is that Sei functions like a powerful gaming PC (GPU) compared to Ethereum’s basic computer (CPU), enabling more complex and demanding applications to run smoothly.
The Way New Capabilities of Sei V2 Will Drive Innovation in the Space
The new capabilities of Sei V2 will drive innovation by significantly increasing transaction speeds and reducing costs, enabling more complex and varied blockchain applications. With its enhanced performance, developers can create advanced projects like decentralized finance platforms, complex games, and more on-chain activities that were previously challenging due to limitations in speed and cost. Exciting collaborations and projects are already in the works, with major tech companies exploring the platform, promising a dynamic and rapidly evolving ecosystem in the next 6 to 12 months.
What’s Next for Seijin?
Being early in an ecosystem is an advantage. When it comes to building on Seijin, our primary focus is to be Sei-native and to keep the advantage of being the earliest possible in one ecosystem. The focus on one place especially is something that creates an enormous advantage as you are listening to the specific needs of its community.
Only by listening to the community feedback can we create an exceptional product. We value the feedback we receive, starting from the daily comments from our community members to the valuable and concrete insights of our beta testers on which we can really build upon.
Seijin is ready and steady for the launch! Once everything is stable and ready, we will make an announcement. The product has been built and tested, and we are now finalizing the Vesting marketplace, the last piece of the puzzle. Our focus for the next few weeks is to build the community, enhance our social presence, and launch our token, which is crucial for all our future plans. Let’s help other projects launch and grow!
Conclusion
The collaboration between Avalaunch, Sei, and Seijin has laid the foundation for a community-first ecosystem in the decentralized fundraising space. Seijin, as the first licensed fork of Avalaunch, is poised for success, supported by insights from key leaders from the industry. This Twitter Spaces session unveiled the vision behind Sei, Avalaunch’s key to success, updates on Sei V2’s launch, and the strategic integration of community feedback. With Seijin’s imminent launch and a focus on user experience and innovative blockchain capabilities, the future looks bright for this ecosystem.
To delve deeper into the valuable insights and perspectives, listen to the full recording of the Twitter Spaces.
