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.
