Binance will launch a new project on Launchpool tomorrow, Ethena (ENA). Ethena is committed to developing a banking-independent stablecoin and is the sixth project of Binance Incubation. The event will start on March 30th, and investors can stake FDUSD or BNB to earn ENA tokens. This news also drove BNB and FDUSD to rise by 3.6% and 0.4% respectively within an hour.
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Launchpool New Project – Ethena (ENA)
ENA airdrop listing on April 2nd
The supported staking currencies for this event are as follows:
BNB: Rewarding 240,000,000 ENA (80%)
FDUSD: Rewarding 60,000,000 ENA (20%)
Event time: Taiwan time, from 8:00 on March 30th to 7:59 on April 2nd, a total of three days.
Focused on developing stablecoins that do not rely on traditional finance, Ethena has attracted many investors. In the latest funding round, it was led by Dragonfly Capital and Arthur Hayes’ family office Malestrom. Other investors include Binance Labs, Deribit, Bybit, OKX, Gemini, Kraken, and traditional financial institution Franklin Templeton.
Ethena announced yesterday that it will airdrop its governance token “ENA” on April 2nd. A total of 750 million ENA tokens, accounting for 5% of the total supply, will be airdropped. The claiming website Claim.ethena.fi will be launched on April 1st.
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Stablecoin protocol Ethena airdrops 750 million ENA tokens, introduces Bitcoin as collateral asset
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Furthermore, Binance will also list ENA tokens at 4:00 pm on April 2nd, including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY trading pairs.
Binance reminds users that it is the first platform to list ENA. Any claims of selling the token before this are false advertisements. Investors are advised to conduct thorough research to ensure the safety of their funds.