🔥💥What is Binance's new Launchpool project $ETHENA? We are studying the usage scenario
Ena, a decentralized finance protocol created on the Ethereum blockchain, has a synthetic dollar called the USDe... While Sana startup's market capitalization is only $ 85 million, its current US Dollar value is around $1.3 million.
Ethena's synthetic dollars are Usd, its investors are provided with fixed income for their use to protect Lido's STETH-style betting tokens. In addition, these tokens are trying to fix the permanent price of $ 1 by balancing it with long-term short Ether positions on derivative exchanges.
On April 2, 2024 at 08:00 (UTC), Binance will officially list ena and introduce various trading pairs, including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY. This strategic decision underscores Binance's commitment to increasing liquidity and accessibility in the cryptocurrency market, providing investors with a wide range of options to interact with emerging assets such as ENA.
Ethena (ENA) Launch Pool Details Announced
#Binance reviewed the features of Ethena's Launch Pool, providing clarity on critical issues such as token supply, rewards, and betting conditions. Jul. When the maximum token supply is limited to 15,000,000,000 ENA, participants can expect significant rewards with 300,000,000 ENA allocated for Launchpool token rewards, which accounts for 2% of the total token supply.
Of particular note is the initial circulating supply of ENA fixed at 1,425,000,000 ena, which represents 9.5% of the maximum coin supply. Working on the Ethereum blockchain, Ethena implements wagering conditions that require Know-Your-Customer (KYC) verification, ensure compliance with regulatory standards, and increase security for users.
