Market cap just touched $100 million at launch, what is the story behind the new coin THE on Binance? As of the publication, its market cap has surpassed $300 million.
What is Thena?
THE, airdropped to Binance HODLers, is the native token of the Thena project. Thena is an early DeFi project on BSC. Although Thena has comprehensive features, including cross-chain, on-chain perpetual contracts, and liquidity mining, it primarily focuses on decentralized exchanges (DEX) on-chain.
Thena product features
1. DEX limit orders
Often, on-chain trading can only be done at market prices, but Thena allows users to execute limit orders on-chain.
Users can use this tool to buy or sell assets at a specified price or better, rather than relying on the market price at execution. In a limit order, the order will only execute when the price meets the order conditions.