Binance Launches Ethena (ENA) on Launchpool for ENA Token Farming

Binance, one of the leading cryptocurrency exchanges, recently announced the introduction of Ethena (ENA) to its Launchpool platform. ENA is a synthetic dollar protocol designed to provide users with a stable and decentralized digital currency solution.

With the launch of ENA on Binance Launchpool, users now have the opportunity to earn ENA tokens by staking BNB (Binance Coin) and FDUSD (a stablecoin pegged to the US dollar). This farming process will last for 3 days, starting at 00:00 UTC on March 30, 2024.

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

Here are some important details about ENA Launchpool:

Token Name: Ethena (ENA)

Maximum token supply: 15,000,000,000 ENA

Launchpool token reward: 300,000,000 ENA (2% of maximum token supply)

Initial circulating supply: 1,425,000,000 ENA (9.5% of maximum token supply)

Smart contract details: Ethereum

Staking Conditions: KYC required

To participate in the ENA Launchpool, users will need to stake BNB and FDUSD tokens. There is a hard cap per user per hour, so you can stake up to 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 (80%) in rewards, and the FDUSD pool will offer 60,000,000 ENA (20%) in rewards.

During the farming period, daily rewards will be paid as follows.

Total daily reward (ENA): 100,000,000 ENA

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

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

Binance emphasizes that claiming to sell ENA before the official listing date is false advertising. Users are advised to conduct their own research and exercise caution to ensure the security of their funds.

It is important to note that participation in ENA Launchpool may be subject to eligibility requirements based on your country or region of residence. Some countries may be excluded from participation in the ENA agricultural process, including Australia, Canada, Cuba, Iran, Japan and the United States.

Binance continues to provide innovative opportunities to users within the cryptocurrency space. Interested individuals can stay informed and participate in the Ethena Launchpool to take advantage of farming opportunities and earn ENA tokens by staking BNB and FDUSD.

To learn more about Ethena (ENA), please refer to the research report available shortly after the announcement. Additionally, the Ethena website and whitepaper provide more details about the project’s goals and technology.

The Binance team appreciates the support we have received and is committed to providing a variety of options for cryptocurrency enthusiasts.

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