Ether.fi on Binance Launchpool
Ether.Fi is introducing its native token, $ETHFI, marking a significant step in its journey. Binance has been chosen as the initial platform to list the token, with trading set to commence on 2024-03-18 at 12:00 (UTC).
In addition, Ether.Fi will feature as a Binance Launchpool project. This arrangement allows Binance users to stake their BNB and FDUSD into separate pools to farm ETHFI tokens. The farming period is scheduled to start from 2024-03-14 00:00 (UTC), spanning over four days.
Details about the $ETHFI token are as follows:
Max Token Supply: 1,000,000,000 ETHFI
Launchpool Token Rewards: 20,000,000 ETHFI, accounting for 2% of the maximum token supply.
Initial Circulating Supply: 115,200,000 ETHFI, which is 11.52% of the max token supply.
There’s also anticipation around a potential airdrop following the token launch on March 18th, though official details from the Ether.Fi team are pending.
The move to introduce a token at this stage is seen as strategic, especially with no other protocols having launched a token yet. This positions Ether.Fi advantageously as a first mover. Speculation is also rife about EigenLayer’s token launch, expected by the end of April, making it an exciting period for Ethereum stakers.
Earn ETHFI tokens on Binance Launchpool
Binance Launchpool offers an exciting opportunity to get involved with Ethfi, a new project (number 49 on Launchpool). Here’s how to participate:
Stake your crypto: Earn ETHFI tokens by staking existing holdings of BNB (Binance Coin) or other designated cryptocurrencies on Binance Launchpool.
Get started easily: Ensure you have a verified Binance account and the required staking tokens. Then, find the Ether.fi project on the Launchpool platform.
Full transparency: On the project page, you’ll see details about the staking period, how rewards are distributed, and any specific requirements.
Project Links
Website: https://www.ether.fi/
Whitepaper: https://etherfi.gitbook.io/etherfi/ether.fi-whitepaper
X: https://twitter.com/ether_fi
Discord: https://discord.com/invite/zqGzcuQWvD
Telegram: https://t.me/+C3fpSjmPqzA5NTVh
Medium: https://medium.com/etherfi
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