Binance recently launched a new initiative for its launchpad token Thena (THE), a project designed to boost decentralized finance (DeFi) liquidity and improve user experience through innovative token economy and governance. The initiative is available as part of Binance’s HODLer airdrop program, incentivizing BNB holders to engage with the platform and earn rewards.
What is Thena?
Thena operates as a next-generation decentralized exchange (DEX) built on the BNB Chain. Its primary goal is to improve liquidity in DeFi by utilizing the ve(3,3) mechanism, inspired by Andre Cronje’s Tokennomics model. This mechanism enables participants to stake, vote, and earn rewards, fostering a symbiotic relationship between token holders and liquidity providers. The platform is designed to cater to a wide range of DeFi users, from retail traders to institutional investors.
How Binance Airdrop Works for THE Coin
BNB holders can participate by staking their tokens into Simple Earn, a Binance feature that offers flexible and capped options as a token staking operation. Eligible participants can earn Thena (THE) tokens based on their BNB holdings and the duration of their subscription. By participating in this program, users simultaneously support the enhancement of liquidity and governance on the Thena platform while benefiting from rewards.
Benefits of Thena (THE)
Improved Liquidity: The ve(3,3) model attracts liquidity to Thena, increasing the efficiency of DeFi protocols.
Governance Rights: THE holders can vote on protocol decisions, directly impacting the Thena roadmap.
Earning potential: Rewards include token airdrops, staking incentives, and liquidity mining opportunities.
How to earn THE code for free
Stake your BNB in Simple Earn on Binance.
Keep BNB in your wallet.
THE tokens will be received directly into your Binance wallet after the Airdrop.
Thena also offers a suite of DeFi tools on its native platform, which anyone looking to interact with its governance model, provide liquidity, or trade on its DEX can access.
Learn more about Thena's mission and ecosystem on its official website.
This initiative highlights Binance’s continued focus on empowering its community through innovative DeFi projects, and fostering engagement and growth within the ecosystem.
How to Buy, Sell and Trade THE on Binance
To buy, sell and trade Thena (THE) on Binance, follow these steps:
Create a Binance account
If you do not have an account, register on the Binance platform and complete the KYC verification process to have your account fully operational in order to deposit and withdraw your funds.
Deposit funds or cryptocurrencies into your account
Deposit funds into your Binance wallet via:
Bank Transfer or Card: Use fiat currency to buy BNB or USDT (usually paired with THE).
Deposit cryptocurrencies: Transfer existing cryptocurrencies to your Binance account.
Search for THE on Binance
Go to the Markets section on Binance.
Search for THE using the search bar to find available trading pairs, such as THE/BNB, THE/USDT, or others.
Buy THE
Go to the spot trading section.
Select the trading pair THE you wish to trade.
Select the type of request
Market Order: Buy immediately at the current market price.
Limit Order: Set the price you want and wait for the market to reach it.
Enter the amount of THE you wish to purchase and confirm the transaction.
Sell or trade THE
If you are selling
Select THE from your wallet and choose the trading pair (e.g. THE/BNB).
Use a market order or a limit order to sell your tokens.
If you are trading against another cryptocurrency:
Choose the appropriate trading pair and repeat the process.
WITHDRAW OR KEEP THE
After purchasing THE, you can:
Keep it in your Binance wallet for storage or trading later.
Withdraw THE to an external wallet, such as a BNB Chain compatible decentralized wallet.
