#binance one of the leading cryptocurrency exchanges, has recently announced the introduction of Ethena (ENA) on their Launchpool platform. #ENA is a synthetic dollar protocol designed to offer users a stable and decentralized digital currency solution.

With the launch of ENA on Binance #Launchpool , users now have the opportunity to farm ENA tokens by staking their BNB (Binance Coin) and FDUSD (a stablecoin pegged to the US dollar). This farming process will take place over a three-day period, starting from March 30, 2024, at 00:00 UTC.

Once the farming period concludes, ENA will be officially listed on the Binance exchange on April 2, 2024, at 08:00 UTC. Trading pairs available for ENA will include ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.

Here are some important details about the ENA Launchpool:

Token Name: #Ethena (ENA)

Max Token Supply: 15,000,000,000 ENA

Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)

Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)

Smart Contract Details: Ethereum

Staking Terms: KYC required

To participate in the ENA Launchpool, users will need to stake their BNB and FDUSD tokens. There will be an hourly hard cap per user, allowing a maximum stake of 333,333.33 ENA in the BNB pool and 83,333.33 ENA in the FDUSD pool. The BNB pool will offer 240,000,000 ENA in rewards (80%), while the FDUSD pool will provide 60,000,000 ENA in rewards (20%).

During the farming period, daily rewards will be distributed as follows:

Total Daily Rewards (ENA): 100,000,000 ENA

BNB Pool Daily Rewards (ENA): 80,000,000 ENA

FDUSD Pool Daily Rewards (ENA): 20,000,000 ENA

Binance emphasizes that any claims to offer ENA for sale before the official listing date are false advertising. Users are advised to conduct their own research and exercise caution to ensure the security of their funds.

The Binance team expresses their gratitude for the support received and remains dedicated to offering a wide range of options to cryptocurrency enthusiasts.