Binance has recently launched Ethena (ENA) on its Launchpool platform. Users can now engage in earning ENA tokens through staking BNB and FDUSD. The farming period will run for three days starting from March 30 2024. ENA is set to be listed on Binance on April 2 2024.Here are some key details regarding the ENA Launchpool;
Token Name; Ethena (ENA)
Maximum Token Supply; 15 billion ENA
Launchpool Token Rewards; 300 million ENA (2% of supply)
Initial Circulating Supply; 1.425 billion ENA (9.5% of total token supply)
Blockchain Platform; Ethereum
Staking Requirements; KYC verification needed
To take part in the ENA Launchpool individuals must stake their BNB and FDUSD tokens.
There will be a limit, per user per hour allowing a stake of 333,333.33 ENA in the BNB pool and 83,333.33 ENA, in the FDUSD pool. The BNB pool will offer rewards totaling 240 million ENA (80%) while the FDUSD pool will provide rewards amounting to 60 million ENA Token.
Throughout the farming phase daily rewards will be allocated as follows;
Total Daily Rewards (ENA); 100 million
BNB Pool Daily Rewards (ENA); 80 million
FDUSD Pool Daily Rewards (ENA); 20 million
Binance stresses that any offers claiming to sell ENA before the official listing date are deceptive. Users should conduct research. Proceed with caution to safeguard their investments.
Please note that eligibility to participate in the ENA Launchpool may vary depending on the users country or region. Certain countries, including Australia, Canada, Cuba, Iran, Japan and the United States might not be able to take part in the ENA farming process.
Binance is continuously introducing opportunities, for users in the cryptocurrency realm. Those interested are encouraged to stay updated and join the Ethena Launchpool to engage in farming activities and earn ENA tokens by staking BNB and FDUSD.
To learn more about Ethena (ENA) users can refer to the research report released after the announcement. Additionally detailed information about Ethenas objectives and technology can be found on their website and whitepaper.
The Binance team appreciates the support they have received and is committed to providing an array of options, for cryptocurrency enthusiasts.
Project Links
Binance Announcement:
Website:: https://www.ethena.fi/
Whitepaper: https://ethena-labs.gitbook.io/ethena-labs/
X: https://twitter.com/ethena_labs
Discord: https://discord.gg/QqgVaUmM
Telegram: https://t.me/ethena_labs
#ENALAUNCHPOOL #BinanceLaunchpool #ENA #ETHENALAUNCHPOOL #BullorBear
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of AL MAKKAH TECH .I’m not a financial adviser. invest solely based on your own findings and personal judgment.