The latest groundbreaking project for the Ethereum ecosystem, ether.fi (ETHFI), stands out as a protocol that impresses with its offerings. In this article, you can find answers to many questions such as what is ether.fi, what is ETHFI coin, and how to buy ETHFI coin, which was announced as the 49th Launchpool of Binance and will be listed and available for trading on the cryptocurrency exchange on March 18th.
What is ether.fi?
ether.fi stands out for offering a revolutionary staking protocol that allows protocol users to maintain full control over their keys, in other words, their assets, while participating in ETH staking activities.
With this innovative approach, ether.fi not only enhances security but also introduces a new economic paradigm for those staking ETH. For example, funds deposited into ether.fi can be seamlessly re-staked using Eigenlayer. This strengthens external systems such as rollups and oracles, ultimately increasing yields for ETH stakers.
In an era where innovation and decentralization are becoming increasingly important, ether.fi presents a transformative vision for ETH staking and has become a flagbearer in this field. With its innovative protocol architecture and robust tokenomics, ether.fi is turning a new page in the evolution of decentralized finance (DeFi) on the Ethereum Blockchain.
ether.fi demonstrates its desire to encourage a diverse and inclusive ecosystem with its token distribution strategy. A small portion of the total token supply, 2.00%, has been allocated to Binance Launchpool. This allocation aims to enable broad access to the protocol. In addition, an 11.00% allocation is planned for an AirDrop initiative that will further democratize token ownership. Strategic partnerships, development support, investors, and advisors have been allocated 32.50% of the supply.
The ether.fi team, considered the driving force behind the protocol’s innovation, has been allocated 23.26% of the total token supply, with plans to distribute these tokens over a long period. Additionally, a 1.00% allocation has been made to the Protocol Guild. This allocation aims to enhance community participation and strengthen decentralized governance. Moreover, the DAO Treasury, which holds 27.24% of the total token supply, will play an active role in promoting the protocol’s development and ecosystem expansion.
A special liquidity provision mechanism, which has been allocated 3.00% of the total token supply, will ensure market stability and enable a seamless trading experience for users.
ETHFI Coin Review
ETHFI coin, the native utility and governance token of ether.fi, is at the very heart of this transformative protocol. The ETHFI coin is designed to serve various purposes such as managing the ether.fi treasury, protocol updates, and distribution of transaction fees within the protocol.
The initial circulating supply of the protocol, with a total ETHFI supply of 1,000,000,000 coins, will be approximately 11.52% of the total coin supply, amounting to 115,200,000 coins.
How to Buy ETHFI Coin?
ETHFI coin will soon be available for safe purchase and sale from Binance, the world’s largest cryptocurrency exchange by trading volume. ETHFI coin will be listed on Binance on March 18, 2024, and will be available for trading in ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY trading pairs.
To purchase ETHFI coin, one must first register with the Binance exchange if not already a member. After completing the registration process, cryptocurrency or fiat currency such as Turkish Lira should be transferred to the account wallet on Binance. Once the transfer is complete, ETHFI coin can be purchased from any of the five trading pairs mentioned above.
To purchase ETHFI/USDT on Binance, one should first navigate to the interface of this trading pair. In the limit tab of the trading pair interface, the desired amount to be purchased is entered. After entering the amount, the purchase is completed with the ETHFI Buy order.
