#Ethena is the 50th project to appear on Binance Launchpool. Perhaps many of you still do not have much information related to this project. Let's find out with Coinplus what is Ethena? What is Token #ENA ? What is ENA used for now.
What is Ethereum?
Ethena is a decentralized stablecoin project on the Ethereum platform. The goal of the project is to provide a safe experience and minimize liquidation risks for holders. Ethena uses a unique delta-hedging strategy instead of collateralized debt.
Ethena has attracted 20.5 million USD through 2 rounds of funding. Seed round earned 5.6 million USD and Strategic Round: 14 million USD. Prominent funds behind Ethena include Binance Labs, Dragon Fly, Bybit and OKX ventures.
Ethena Roadmap
2023 Q4: Pre-launch#Ethena (private launch for investors)
First USDe supply worth 250 million USD
2024 Q1: Ethereum goes public in February
2024 Q1:
Operation Shard phase 1 & 2
Liquidity Curve 150 million USD
Uniswap volume 1.5 billion USD
250 million USD locked in Pendle
400 million USDe locked
2024-04-02: Launch of ENA token
What is ENA token?
ENA is the native utility token of the Ethena project. ENA token will be listed on Binance on April 2.
What is ENA used for?
#ENA holders can participate in voting on decisions regarding the future of the Ethena project.
ENA Metric
Name: ENA
Token type: ERC-20
Initial supply when listing Binance: 1,425,000,000 (9.5% of total supply)
Total supply: 15,000,000,000
Binance Launchpool treeb allocation : 300,000,000 (2% of total supply)
Binance Launchpool start date: March 30, 2024
ENA token allocation
ENA will be allocated as follows:
Binance Launchpool: 2.00% of total supply
Investors: 25.00% of total supply
Team: 30.00 total supply
Foundation: 15.00% of total supply
Ecosystem: 28.00% of total supply
Where to buy ENA tokens?
Currently Launchpool on Binance is still going on and you can participate to receive free ENA tokens. On April 2, ENA will be listed on the Binance exchange. If you do not have a Binance account, enter code KNAE9ERI when registering to receive reduced transaction fees.
summary
Recently we learned together basic information about Ethena. Hopefully through this article you have partly understood the basic information about this project. Note that this is not investment advice, please consider making your own decision!
#BinanceVietnamSquare