At present, we can feel that Binance is going to start supporting the BNB chain ecosystem, because Binance Labs has been updating several projects every week recently, and many of them are BSC chains, so everyone must seize the hot spots!
Today we will look at the THENA project. Its token, THE coin, is also very strong, standing firmly in the top three of the growth list, rising by 26%+ in one day. It has now fallen back to $1.757. The current market value of THE coin has reached $149 million, and it currently ranks 384th in market value. Let's take a look at the origin of THE!
Introduction
Thena is a decentralized exchange (DEX) running on the BNB chain, providing a comprehensive platform for decentralized finance (DeFi) activities. It aims to facilitate spot and perpetual trading of various assets, meeting the needs of various participants in the DeFi ecosystem.
A standout feature of Thena is its liquidity market, which is built around an innovative ve(3,3) model. This model enables DeFi protocols to incentivize liquidity provision by allowing them to influence the distribution of $THE rewards. Protocols can adjust these rewards for specific liquidity pools, enabling them to implement dynamic strategies for managing liquidity. This approach not only attracts liquidity providers, but also enhances the total locked value (TVL) within these platforms, contributing to the overall health and growth of the DeFi space.
By integrating these unique features and focusing on adaptive liquidity management, Thena aims to become the primary liquidity layer for DeFi protocols. It seeks to provide a comprehensive solution for users' DeFi needs, making it a major player in the decentralized exchange space.
Practical application of the project
Wallet abstraction: Simplifying the onboarding process.
Fiat On/Off Ramp: Facilitates initial purchase.
Debit Cards and Banking Services: The ability to integrate traditional banks with DeFi is coming soon.
Cross-chain bridge function: realize seamless asset transfer across different blockchains.
Digital Asset Acquisition: Instant access to spot market transactions.
Self-custodial financial management services: including single pledge of key assets such as BTC, ETH, BNB, USDT, etc.
Crypto Derivatives Trading: Trade over 270 crypto assets with up to 60x leverage.
Permissionless Trading Competitions: An upcoming feature to monetize trading activities.
Exclusive access to Launchpools: early-stage investment opportunities in upcoming new projects.
Project Vision
THENA’s vision is to become a “SuperApp” platform that allows the masses to join on-chain and provide a CEX-level experience. THENA has a versatile approach as we envision becoming the most modular liquidity layer ever created to meet any type of liquidity needs of our partners: stablecoins, LST, tokenized RWA, memecoins, AI tokens, etc.
Project Background
The investor’s background is average, and of course Binance also invested in him.
THE Token Economic Model
Maximum supply: 326 million
Token Allocation:
Token unlocking:
On the 28th of every month, 1.16% of the tokens will be unlocked. Compared with other BNB chain decentralized exchanges, the unlocking amount is too small and the market value is too high.
Summarize
Currently, THENA is a comprehensive trading platform that combines ease of use and functionality, supporting spot trading and perpetual contract trading, covering more than 250 cryptocurrencies. In addition, THENA also provides liquidity support for protocols that need to expand on-chain liquidity. Currently, THENA has reached cooperation with more than 50 protocols on the BNB chain, and assists in the liquidity management of these protocols through innovative incentive market mechanisms.
In general, Defi+decentralized exchange does have certain innovations, making it more convenient for users to operate. Currently, the project is in the V3 development stage. If it is well developed, the vision is still good.
One of the biggest highlights of V3 is the introduction of "Hooks". Simply put, Hooks is a smart contract deployed on a specific liquidity pool that allows any logic to be executed when a user interacts with the pool (whether it is trading, adding or withdrawing liquidity). This provides unlimited possibilities for innovation.
We must do well and have enough strong partners and users to attract more users on the road of decentralization and bring users a better one-stop experience. At present, the tokens are not very attractive to me. There is nothing that can attract retail investors. In addition, the number of unlocking and unlocking each month is small. It is a relatively large VC disk. I suggest you observe it!
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