Binance Launchpool names 50th time - Ethena Labs (ENA)

Users will be able to Stake BNB and FDUSD to receive ENA in 3 days

Time: from 07:00 March 30, 2024 - 6:59 April 2, 2024 (according to Vietnam Time)

ENA will be listed at 15:00 April 2, 2024 (Vietnam Time)

A few words about the Ethena project

1. Ethena is the first project to introduce the Stablecoin model with the highest profit threshold of ~ 30%. Ethena is also highly appreciated by funds when raising more than $20M, Dragonfly alone leads 2 rounds of funding, and also has an impressive launch with more than $1.3B TVL after only 3 months of launching the platform.

2. Ethena has 2 main products: USDe and sUSDe

3. The project team includes the following names:

- Guy Young – Founder at Ethena Labs, Elliot Parker – Product, Brian Grosso – Head of Full Stack Eng, Amine Mounazil – Research Analyst, Seraphim Czecker – Head of Growth

4. Investors

5. Tokenomics

- Core Contributors – 30%: Distributed to the Ethena Labs team and advisors who worked on the protocol to develop USDe.

- Investors – 25%: Allocated to investors supporting the development of the Ethena protocol, to launch the protocol and reserve funds to support the launch of Ethena.

ENA tokens are mainly used for project administration. In addition, Tokens are used to incentivize users and serve as reserve funds to develop future products.

Details of the ENA launch pool on Binance Launchpool

Token name: Ethena (ENA)

Maximum Token Supply: 15,000,000,000 ENA

Launchpool Token Reward: 300,000,000 ENA (2% of maximum token supply)

Initial Circulating Supply: 1,425,000,000 ENA (9.5% of maximum token supply)

Pools supporting BNB and FDUSD include: 240,000,000 ENA (80%) and 60,000,000 ENA (20%)

Launchpool details tham khảo tại đây

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