DONT FORGET ABOUT $ENA ! 🚨 Sell Or Buy? 🤔👇 On 2 April (

--・10.7k views

DONT FORGET ABOUT $ENA ! 🚨 Sell Or Buy? 🤔👇 On 2 April (08:00 UTC) Binance will list ENA (Ethena), a governance token that will serve its decentralized Exchange (DEX/Protocol). At the moment, users can participate to its airdrop by staking BNB (or FDUSD) on the Launchpad Feature. ENA's current main utility is governance, so basically holders have the right to make and participate in proposals (e.g. protocol upgrades, changes to parameters, fees reductions, etc.). What's interesting also is the integration of a stablecoin, USDe. It's like a digital version of the US dollar backed by assets that are held by the protocol. Those will keep its value stable. Personally I find this project interesting, however I'll not hold it for the long term. I will sell ENAs straight away! The maximum token supply will be 15,000,000,000 with an initial circulating supply of 1,425,000,000 ENA at launch. The risk of dilution is significant, so I will wait for a better moment. Once ENA will consolidate, then I'll reconsider it. In the meantime I'll sell ENA for $BNB and read about the next airdrop! #AirdropAnnouncements #binanceairdrop #EthenaENA #Altcoinseason2024 #AltcoinOpportunity

DONT FORGET ABOUT $ENA  ! 🚨 Sell Or Buy? 🤔👇
On 2 April (08:00 UTC) Binance will list ENA (Ethena), a governance token that will serve its decentralized Exchange (DEX/Protocol). At the moment, users can participate to its airdrop by staking BNB (or FDUSD) on the Launchpad Feature. ENA's current main utility is governance, so basically holders have the right to make and participate in proposals (e.g. protocol upgrades, changes to parameters, fees reductions, etc.). What's interesting also is the integration of a stablecoin, USDe. It's like a digital version of the US dollar backed by assets that are held by the protocol. Those will keep its value stable.
Personally I find this project interesting, however I'll not hold it for the long term. I will sell ENAs straight away! The maximum token supply will be 15,000,000,000 with an initial circulating supply of 1,425,000,000 ENA at launch. The risk of dilution is significant, so I will wait for a better moment. Once ENA will consolidate, then I'll reconsider it. In the meantime I'll sell ENA for $BNB  and read about the next airdrop! 
#AirdropAnnouncements  #binanceairdrop  #EthenaENA  #Altcoinseason2024  #AltcoinOpportunity  