Binance introduces the 49th project on Launchpool: ether.fi ($ETHFI), a non-custodial decentralized staking protocol.
Details Here :
On the cryptocurrency exchange Binance, one of the Launchpool projects starts before the other is finished. #Binance made an announcement today, marking the 49th anniversary of its launch on the Launchpool platform. he introduced the project. The project is a decentralized, unsupervised, delegated stake protocol with ether.fi (#ETHFI ).
The #launchpool Project ether.fi (ETHFI) Details on Binance Launchpool ether.fi he introduced the (ETHFI). According to this, those with BNB and FDUSD will deposit into separately designated pools and stake to receive the ETHFI token.
The process will start on March 14, 2024 at 00:00. It will end on March 17, 2024 at 23:59.
The listing of ETHFI will take place on March 18, 2024 at 12:00. The listing will be offered with ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD and ETHFI/TRY transaction pairs.
Binance also shared details about the token as follows:
Token Name: ether.fi (ETHFI)
Maximum Token Supply: 1,000,000,000 ETHFI
Launchpool Token Rewards: 20,000,000 ETHFI (2% of the maximum token supply)
Initial Circulating Supply: 115,200,000 ETHFI (11.52% of the maximum token supply)
Smart Contract Details: Ethereum
Staking Conditions: KYC required
The Upper Limit that Can be Taken Per Hour Per User:
16,666.66 ETHFI in the #BNB🔥 pool
4,166.66 ETHFI in the FDUSD pool
Binance also announced that 80% of the prizes, i.e. 16,000,000 ETHFI, will be awarded to those who place BNB stakes, and 4,000,000 ETHFI, i.e. 20% of the prize, will be awarded to those who place FDUSD stakes.
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