Earn 20 times in 2 days! Did Binance give away money for you to enjoy?

The day before yesterday afternoon, Binance announced the second round of airdrop project for BNB HODLers: @ThenaFi_. As a result, the price of $THE quickly rose from 0.2U to 1.3U in a short time, and most of my friends in the group, including myself, basically just took a look and then nothing happened. Ultimately, it was due to not understanding this project and feeling a bit scared of the height of this surge, not expecting it to continue flying after the opening.

Looking back, Binance actually provided two opportunities to enter: the first time was after the official announcement, where $THE briefly surged and then stabilized around 1U, giving enough time to buy before Binance opened; the second time was after Binance opened, buying near 1.3U, which could quickly double.

Of course, that’s all in hindsight; seriously studying this project is what matters. According to the introduction, Thena is an automated market maker based on the BNB Chain, drawing inspiration from Solidly, and creating a simpler liquidity acquisition process for new and existing protocols through capital-efficient liquidity guidance.

Unlike other VC projects that easily raise tens of millions, Thena did not have high-profile VC endorsements, initially raising $1 million from the community without VC participation, later obtaining a $600,000 strategic investment from Orbs Network.

This is a project rooted in the community, deeply engaged with the community, that, thanks to improvements on the ve(3,3) model, has gained support from over 40 top protocols, creating a total income of $11.4 million for veTHE and theNFT holders in 2023 without any VC support.

Regarding why Thena chose to deploy on the BNB Chain, the co-founder stated in an interview that BNB Chain has the largest active user base and many OG-level figures believe that BNB Chain lacks outstanding DeFi projects, indicating a large market space.

It has been proven that they succeeded. Thena received strategic funding from BNB Chain this August due to its contributions to the BNB Chain ecosystem, while the price of $THE was only 0.2U at that time.

Considering the listing standards for small and medium projects previously announced by Binance, it is not difficult to find that Thena is one of the most suitable projects recently, not relying on VC endorsements to show off, nor using PUA tactics to inflate data, ultimately achieving success on Binance, which deserves recognition.

Lastly, I want to say that various signs indicate that Binance is really going to support BNB Chain, such as investing in BNB Chain ecosystem project Kernel, launching $WHY and $CHEEMS contracts + $THE.