Binance, a leading global cryptocurrency exchange, has introduced Renzo (REZ) as the 53rd project in its Launchpool, a liquidity repurchase protocol aimed at boosting user participation in the crypto ecosystem.

The Launchpool page for Renzo (REZ) is expected to go live in about 5 hours, just before Launchpool officially launches.

Users will be able to deposit BNB and FDUSD tokens into separate pools to farm REZ tokens over a six-day period, starting at 03:00 on April 24, 2024.

Listing Details

After the farming period, Binance will list REZ tokens for trading beginning at 15:00 on April 30, 2024.

REZ will be available for trading in several pairs, including REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY. The Seed Tag will be applied to REZ at the time of listing.

REZ Launchpool Information

- Token Name: Renzo (REZ)

- Maximum Token Supply: 10,000,000,000 REZ

- Launchpool Token Rewards: 250,000,000 REZ (2.5% of the maximum token supply)

- Initial Circulating Supply: 1,050,000,000 REZ (10.50% of the maximum token supply)

- Smart Contract Platform: Ethereum

- Staking Requirements: KYC required

- Per User Hourly Fixed Cap:

- 147,569.44 REZ in the BNB pool

- 26,041.67 REZ in the FDUSD pool

- Rewards for BNB Pool: 212,500,000 REZ (85%)

- Rewards for FDUSD Pool: 37,500,000 REZ (15%)

- Farming Period: April 24, 2024, 03:00 – April 29, 2024, 02:59

Binance underscores that it will be the first platform to list REZ tokens, with trading set to start at 15:00 on April 30, 2024. Any claims of REZ tokens being available before this timeline are considered false advertising.

Binance advises users to conduct their own research to ensure the safety of their funds. #BinanceLaunchpool #RENZO #REZ #Launchpool‬ #AltcoinStrategies