Sei officially disclosed the true situation regarding the Xiaomi matter. The issue is actually quite simple—it's just pre-installing a Sei-based mobile financial app on Xiaomi phones to provide users with a Web3 gateway.
To be clear, Xiaomi will not be dealing with digital currency payments or managing stablecoins. The app's various features will be rolled out gradually, and Sei has stated that they will continuously provide transparent updates on the progress.
It seems that the previous rumors circulating in the market were quite exaggerated; in reality, the scope of the partnership is not as extensive as it sounded.
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MidnightMEVeater
· 12-14 06:41
Good morning everyone, another "truth revealed" show in the early morning... Xiaomi just pre-installed an entry point, all those liquidity trap-level expectations were just self-delusion.
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Another "official clarification," which basically means the arbitrage range has narrowed, those who got in early should be well-fed now.
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Haha, just an entry point for Web3, and they really think Xiaomi is the bag-holder. That’s why I say pay attention to time cost; those waiting for transparent updates should be switching to other trades.
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Pre-installed apps, ongoing features... listen to this rhythm, it’s really at a robot paradise level of delay tactics.
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The market's collective imagination has once again failed. You still expect Xiaomi to launch a stablecoin? Wake up, their phone factory is just selling a financial veneer.
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There we go, the previous arbitrage opportunity due to information asymmetry is gone; now everything is crystal clear. A typical scene of dark pool trading disillusionment.
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"Continuous transparent updates"... I bet five bucks there won’t be anything new in the next quarter. I’ve heard this kind of statement too many times.
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ThatsNotARugPull
· 12-12 11:39
Oh, I see. I thought Xiaomi was planning to create a cryptocurrency.
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OnlyOnMainnet
· 12-12 03:12
Uh... just pre-install an app? I thought Xiaomi was going to issue a coin, but I was disappointed.
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SignatureDenied
· 12-12 03:09
Ha, is that all? I thought Xiaomi was going to issue a coin, but it turns out it's just an app.
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Blockblind
· 12-12 03:03
Haha, you hyped it up so much before, and this is all there is? Just pre-installing an app, I thought Xiaomi was about to enter the crypto world.
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GweiWatcher
· 12-12 02:50
Oh, what a false alarm again. I thought Xiaomi was going to issue a token.
I've already said, rumors can't be trusted. Let's wait and see what happens with Sei.
It's just an app, no big news.
Pre-installation is fine, it’s good if it can direct traffic to the Web3 community.
Let's see how Sei handles it. High transparency is what matters.
Sei officially disclosed the true situation regarding the Xiaomi matter. The issue is actually quite simple—it's just pre-installing a Sei-based mobile financial app on Xiaomi phones to provide users with a Web3 gateway.
To be clear, Xiaomi will not be dealing with digital currency payments or managing stablecoins. The app's various features will be rolled out gradually, and Sei has stated that they will continuously provide transparent updates on the progress.
It seems that the previous rumors circulating in the market were quite exaggerated; in reality, the scope of the partnership is not as extensive as it sounded.