🕓 $ENA will list Binance at 5:00 p.m. on April 2
Our valuation will be based on factors such as valuation, average Mcap of projects in the same industry and Tokenomic of the project:
Initial circulation: 1,425,000,000 (9.5% of total supply)
🟣In which 5% of the total supply is for Airdrop unlock 100%
🟣The remaining Core Contributors and Investors: will be locked within 1 year and paid in installments over 3 years
🟣Foundation and ecosystem development: no information yet
Vesting Schedule
👉The floor list price will range from $0.6-$0.8.
👉Then it will trade around $0.65.
OrverView about Ethena is a Stablecoin project but does not follow the media of being backed by currencies such as Dolla, Gold,... like $USDT or $USDC are doing.
Ethereum Centralized Ethereum:
👉LP tokens: StETH.
👉Permanent opening and closing orders $ETH on dex exchanges.
➡️Since then USDe has been Redeem or minted.
Ethena's revenue will come from arbitrage:
1️⃣ETHENA LABs: Exchange USDe from ETH.
2️⃣External Market(Curve): Buy USDe from USDC.
3️⃣External Market(Binance): Sell ETH for USDC.
➡️APY on ETHENA with USDe is 35% higher than staking regular stablecoins.
⚠️That's why it's also necessary to further observe the project's plans in the future, how to generate more revenue, and also need to pay attention to the risks when LP tokens plummet in price or high volume ETH Perp volume.
🗺 Regarding this model, it will be similar to Luna vs USTC, but the story now is ETH-ENA-USDe (Fun example).
🗺 And is no stranger to investing in famous investment funds like binance lab or delphi digital.
👉 Register and KYC using the ref link to receive a 10% lifetime transaction fee discount:
https://www.binance.com/vi/register?ref=IP6BXXFV
What does AE predict the list price will be? Comment down below!