What is Renzo?
Renzo is a liquidity re-pledge protocol based on the Ethereum re-pledge protocol EigenLayer, which can help users easily re-pledge Ethereum on EigenLayer. Its main contributor Lucas Kozinski once said that the emergence of Renzo is to allow users to better Participate in EigenLayer:
The operation of EigenLayer is very complex, requiring users to not only choose to actively manage individual nodes, but also actively participate in verification services and handle numerous token rewards.
In comparison, Renzo greatly simplifies these processes and allows users to maintain the liquidity of their assets while enjoying services.
Renzo Token Economics
According to Binance information, Renzo’s token economics are:
Total amount of tokens: 10,000,000,000
Initial liquidity: 1,050,000,000
Binance Launchpool: 2.5% of total token supply
Airdrop: 10% of total token supply
Investors and advisors: 31.56% of total tokens
Team: 20% of total tokens
Foundation: 13.44% of total tokens
DAO Vault: 20% of total tokens
Liquidity: 2.5% of total tokens
Binance will list Renzo (REZ) at 20:00 (ET) on April 30, 2024, and open REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY trading markets, with seed tag trading rules applicable.
Token name: Renzo (REZ)
Maximum Token Supply: 10,000,000,000 REZ
Initial circulation: 1,050,000,000 REZ (10.50% of the maximum token supply)
Total mining volume: 250,000,000 REZ (2.5% of the maximum token supply)
The mining steps are very simple as shown below:
REZ Price Prediction:
The initial circulation is 1.05 billion. The market has receded rapidly in recent days, so the valuation cannot be too high!
1. A conservative opening price of 300-450 million in circulation market value would correspond to a price of 0.28-0.43$
2. A little fomo, 500-650 million circulating market value, the corresponding price is 0.47-0.6
3. When the market value of the extremely greedy token exceeds 800-1000 million, the corresponding price is 0.75-0.95+
3 is basically impossible to benchmark ENA. There is no room for two tigers in one mountain. Capital is hanging. At the same time, it is impossible to hold two mountain kings in such a weak market. It is possible to attract market funds to chase the rise by hitting 2 and looking forward to 3. So I personally suggest that above 0.5-0.6, you can reduce your position by half and watch the show! If you are looking for excess profit opportunities, 0.2 or less is a good opportunity, and it cannot be more than 0.25 at most, otherwise I would rather wait for the market to stabilize before operating!
