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COINTURK NEWS > Cryptocurrency Exchanges > Binance Announces Ethena (ENA) as its 50th Launchpool Project
Cryptocurrency Exchanges

Binance Announces Ethena (ENA) as its 50th Launchpool Project

In Brief

  • Binance introduces Ethena (ENA) Launchpool project.

  • ENA farming starts March 30, 2024, with BNB and FDUSD staking.

  • Trading pairs to be listed on April 2, 2024.

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COINTURK NEWS 1 year ago
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Cryptocurrency exchange Binance announced today that its fiftieth Launchpool project is Ethena (ENA). According to the announcement, starting from March 30, 2024, at 03:00 Turkey time, users can begin ENA farming by staking their BNB and FDUSD. Let’s look into the details.

When Will Ethena (ENA) Listing Occur?

The exchange’s announcement indicates a short farming period. This is because the listing will take place on April 2, 2024, at 11:00 Turkey time. It was announced that the trading pairs will be ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.

Details of the ENA Launchpool are as follows:

  • Token Name: Ethena (ENA)
  • Maximum Token Supply: 15,000,000,000 ENA
  • Launchpool Token Rewards: 300,000,000 ENA (2% of the maximum token supply.)
  • Initial Circulating Supply: 1,425,000,000 ENA (9.5% of the maximum token supply.)
  • Smart Contract Details: Ethereum
  • Staking Conditions: KYC required
  • User Hourly Fixed Upper Limit:
    • BNB pool: 333,333.33 ENA.
    • FDUSD pool: 83,333.33 ENA.

80% of the rewards, which is 240 million ENA, will be given to those staking BNB, and 20%, which is 60,000,000 ENA, to those staking FDUSD. Cryptocurrency exchange Binance also emphasized the importance of paying attention to the relevant periods and times in its announcement, cautioning its users.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 29 March, 2024 - 9:05 am 29 March, 2024 - 9:05 am
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