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Ethena Launches Governance Token ENA
ENA Token Economy
Season 2 Score Activity Sats, Introducing Bitcoin as Collateral
Ethena Launches Governance Token ENA
According to an official announcement, stablecoin protocol Ethena has announced the airdrop of governance token “ENA” on April 2nd.
The airdrop criteria are based on the Shard Score activity Epoch 2, which started on February 26th. The activity will end on April 1st (snapshot on 3/26). Users who unstake, unlock, or sell all USDe before this date will not be eligible for the airdrop.
The summary of the airdrop is as follows:
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ENA will be distributed linearly based on the score on April 2nd.
50% of the claimed airdrop will have a vesting period of 6 months.
7.5 billion ENA tokens will be airdropped, accounting for 5% of the total supply.
Claim Website
Claim.ethena.fi
will be effective on April 1st.
Unclaimed ENA will be redistributed in the second quarter and will not be retained by Ethena core contributors or the foundation.
Note: This is the only official Ethena website. It can also be accessed through
app.ethena.fi
. Do not click on any third-party links.
ENA Token Economy
Total Supply: 15 billion
Initial Circulating Supply: 1.425 billion
Foundation: 15%
Investors: 25% (25% in the first year, followed by linear unlocking monthly)
Ecosystem Fund: 30%
Core Contributors: 30% (Ethena Labs team and advisors, 25% unlocked in the first year)
ENA Token Allocation
Season 2 Score Activity Sats, Introducing Bitcoin as Collateral
After the airdrop, Ethena will immediately launch the next phase of the airdrop activity called “Sats.”
Ethena plans to introduce BTC as collateral, expecting to further expand the USDe supply to over 10 billion dollars.
The “Sats” activity will last for 5 months until September 2nd, 2024, or when the USDe supply reaches 5 billion dollars.
Ethena
USDe
USDT
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