The world’s largest cryptocurrency exchange Binance announced which altcoin it has chosen for its 50th Launchpool project.
In the announcement released on March 29, Binance revealed that Ethena (ENA), the developer of the USDe stablecoin, has been selected as the 50th Launchpool project.
Binance announced that the new altcoin ENA will be listed with “seed label” with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY trading pairs at 12.00 on April 2, GMT+3.
According to the information provided, Launchpool users will be able to farm for 3 days starting from March 30. Users who want to earn ENA will need to stake BNB or FDUSD.
Out of the total supply of 15 billion tokens, 300 million ENA will be distributed as rewards in Launchpool. In addition, 1,452 million ENA will be released initially. The reward program will have 2 different pools, with 80% of the reward in BNB pool and 20% in FDUSD pool.
240 million ENA will be allocated to users staking BNB, and 60 million ENA will be allocated to users staking FDUSD.
Binance said the web page will be ready within 5 hours.
You can become a member here to trade on Binance with a 20% discount and earn rewards from the new Launchpool project.
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