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Binance Announces 50th Launchpool Project Ethena (ENA)
Delving into the specifics of Ethena’s Launchpool, Binance has provided clarity on critical aspects such as token supply, rewards, and staking terms. With a maximum token supply capped at 15,000,000,000 ENA, participants can anticipate substantial rewards, with 300,000,000 ENA earmarked for Launchpool token rewards, constituting 2% of the total token supply.
Of particular note is the initial circulating supply of ENA, pegged at 1,425,000,000 ENA, which represents 9.5% of the maximum token supply. Operating on the Ethereum blockchain, Ethena enforces staking terms that necessitate Know Your Customer (KYC) verification, ensuring compliance with regulatory standards and bolstering security for users.
It is imperative to heed Binance’s reminder that it will be the inaugural platform to list ENA, preempting any potential misinformation or deceptive advertising. Users are strongly encouraged to exercise due diligence and conduct independent research to safeguard their investment interests.
