Hello everyone, I am Kuang Ren, a new round of Binance IEO projects is online again. The BNB you hold is free again. Next, follow Kuang Ren to learn about the new project Renzo (REZ) and its background and strength! $BNB
What is Renzo (REZ)
Renzo is a re-staking protocol based on EigenLayer. Renzo abstracts the complex process of re-staking for end users, and stakers do not have to worry about the active selection and management of operators and reward strategies. ezETH is Renzo's liquid re-staking token, which automatically obtains rewards and ensures liquidity. ezETH allows users to participate in DeFi while retaining re-staking rewards.
Seeing this, you basically know what this is for. It does the same thing as ETHFI, and then pledges the agreement.
ETHFI locked value 3.78B token circulation market value 451 million
EZ locked value 2.49B token circulation market value (estimated online market value 300-500 million)
Project Team: 1. Kratik Lodha is a founding contributor of Renzo Protocol and was previously the head of investment and research at Woodstock. He holds a Master of Economics from the Birla Institute of Technology and Science in Pilani. 2. Lucas Kozinski is a founding contributor of Renzo Protocol and previously worked at Tokensoft, Tezos, and Point B. He graduated from the University of Maryland School of Business.
Financing: January 15th Seed round: Maven11*, SevenX Ventures, IOSG Ventures, OKX Ventures, Robot Ventures, Bitscale Capital, Figment Capital and other institutions raised 3.2 million. Market valuation: 25 million US dollars February 22nd: Binance Labs The amount of financing is unknown
Token Economy
Project name: Renzo
Token name: REZ
Total Tokens: 10000000000 (10 billion)
Initial circulation: 1050,000,000 (1.05 billion)
Binance Launchpool 250,000,000 (2.50% of total token supply)
From the token distribution, the airdrop accounts for 10% of the total. I don’t know if it was all released in the early stage. If it is the early stage, the selling pressure is serious! Binance mining only accounts for 2.5%. For reference, compare the market value of ETHFI! The launch price of REZ is 0.2-0.4--------200-400 million market value is about the same. If the market is good, 500-600 million will be the peak.
Thoughts: It seems that there is no special feature at first glance, and the investment institutions are much worse than ETHFI. The only highlight is the re-staking of Binance investment! There are many airdrops in the early stage. It is recommended to participate in BNB and FDUSD mining. Don’t buy new coins all at once after they are launched! Leave a message in the comment area. What do you think of this new coin?
Today's article ends here. I am a madman. Focus on spot sharing ambush!
Click on the avatar, follow the homepage, and face the fans. I will share my bull market strategy layout for free. I will be a free blogger just to increase my fans. If you come to me, I can take you ashore. I will not let my fans miss out in this bull market! Just lie down!
