#Ethena  is the 50th project to appear on Binance Launchpool. Perhaps many of you still do not have much information related to this project. Let's find out with Coinplus what is Ethena? What is Token #ENA  ? What is ENA used for now.

What is Ethereum?


Ethena is a decentralized stablecoin project on the Ethereum platform. The goal of the project is to provide a safe experience and minimize liquidation risks for holders. Ethena uses a unique delta-hedging strategy instead of collateralized debt.

Ethena has attracted 20.5 million USD through 2 rounds of funding. Seed round earned 5.6 million USD and Strategic Round: 14 million USD. Prominent funds behind Ethena include Binance Labs, Dragon Fly, Bybit and OKX ventures.


Ethena Roadmap

2023 Q4: Pre-launch#Ethena (private launch for investors)
First USDe supply worth 250 million USD

2024 Q1: Ethereum goes public in February

2024 Q1:

  • Operation Shard phase 1 & 2

  • Liquidity Curve 150 million USD

  • Uniswap volume 1.5 billion USD

  • 250 million USD locked in Pendle

  • 400 million USDe locked

2024-04-02: Launch of ENA token

What is ENA token?

ENA is the native utility token of the Ethena project. ENA token will be listed on Binance on April 2.

What is ENA used for?

#ENA holders can participate in voting on decisions regarding the future of the Ethena project.

ENA Metric

Name: ENA

Token type: ERC-20

Initial supply when listing Binance: 1,425,000,000 (9.5% of total supply)

Total supply: 15,000,000,000

Binance Launchpool treeb allocation : 300,000,000 (2% of total supply)

Binance Launchpool start date: March 30, 2024

ENA token allocation

ENA will be allocated as follows:

Binance Launchpool: 2.00% of total supply

Investors: 25.00% of total supply

Team: 30.00 total supply

Foundation: 15.00% of total supply

Ecosystem: 28.00% of total supply

Where to buy ENA tokens?

Currently Launchpool on Binance is still going on and you can participate to receive free ENA tokens. On April 2, ENA will be listed on the Binance exchange. If you do not have a Binance account, enter code KNAE9ERI when registering to receive reduced transaction fees.

summary

Recently we learned together basic information about Ethena. Hopefully through this article you have partly understood the basic information about this project. Note that this is not investment advice, please consider making your own decision!

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