At Extreme Investor Network, we are excited to share the latest news from Binance, the leading cryptocurrency exchange. Binance has recently introduced Ethena (ENA) on their Launchpool platform, offering users a unique opportunity to farm ENA tokens by staking BNB (Binance Coin) and FDUSD (a stablecoin pegged to the US dollar).
ENA is a synthetic dollar protocol that aims to provide users with a stable and decentralized digital currency solution. The farming period for ENA tokens will take place over three days, starting from March 30, 2024, at 00:00 UTC. Following the farming period, ENA will be officially listed on the Binance exchange on April 2, 2024, at 08:00 UTC, with trading pairs including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.
Key details about the ENA Launchpool are as follows:
– Token Name: Ethena (ENA)
– Max Token Supply: 15,000,000,000 ENA
– Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)
– Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)
– Smart Contract Details: Ethereum
– Staking Terms: KYC required
To participate in the ENA Launchpool, users must stake their BNB and FDUSD tokens with an hourly hard cap per user of 333,333.33 ENA in the BNB pool and 83,333.33 ENA in the FDUSD pool. The BNB pool will offer 240,000,000 ENA in rewards (80%), while the FDUSD pool will provide 60,000,000 ENA in rewards (20%).
During the farming period, daily rewards will total 100,000,000 ENA, with 80,000,000 ENA allocated for the BNB pool and 20,000,000 ENA for the FDUSD pool. It’s important to note that any claims to offer ENA for sale before the official listing date are false advertising, and users should conduct their own research to safeguard their funds.
Interested individuals should be aware that participation in the ENA Launchpool may be subject to eligibility requirements based on their country or region of residence. Binance continues to provide innovative opportunities for cryptocurrency enthusiasts, and we encourage our readers to stay informed and seize the chance to earn ENA tokens by joining the Ethena Launchpool.
For more information about Ethena (ENA), users can access the research report available shortly after the announcement, as well as the Ethena website and whitepaper for detailed insights into the project’s goals and technology. The Binance team is grateful for the support received and remains committed to offering a diverse range of options for cryptocurrency enthusiasts.
Stay tuned to Extreme Investor Network for more updates on the latest developments in the crypto world! Your go-to source for valuable insights and opportunities in the ever-evolving cryptocurrency landscape.
