Major cryptocurrency exchange Binance has announced its 53rd project on Binance Launchpool, a liquid restake or liquid re-stake protocol named Renzo (EZ). The farming period for EZ will begin on April 24 and continue until April 30.
Binance’s 53rd Launchpool: Renzo (EZ)
As Binance’s 53rd launchpool, Renzo will offer users a six-day farming period starting at 03:00 AM on April 24. During this period, users can stake their BNB and FDUSD in designated pools to earn EZ tokens. The webpage for staking BNB and FDUSD will go live approximately five hours before the launch of the Launchpool, giving users ample time to learn about the platform’s mechanics and participation requirements.
The maximum token supply of EZ is capped at 10 billion, with launchpool participants being rewarded with a total of 250 million EZ tokens, which corresponds to 2.5% of the total token supply. Following its listing on Binance, the initial circulating supply of EZ tokens will be 1 billion 50 million, representing 10.50% of the maximum token supply.
Users will be able to farm EZ tokens with hourly limits of 147,569 EZ from the BNB pool and 26,041 EZ from the FDUSD pool. A total of 212.5 million EZ tokens (85%) will be distributed from the BNB pool and 37.5 million EZ tokens (15%) from the FDUSD pool. The farming period will start at 03:00 AM on April 24 and end at 02:59 AM on April 30.
Listing on Binance After the Farming Period
Binance will list EZ for trading starting at 03:00 PM on April 30, following the completion of the farming period. The listing of the altcoin will enable trading pairs EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY.
