Sunday, June 8, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

Binance Launches Ethena (ENA) on Launchpool for Farming ENA Tokens

March 29, 2024
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Binance, the popular cryptocurrency exchange, has introduced Ethena (ENA) on its Launchpool platform. Users can now participate in farming ENA tokens by staking BNB and FDUSD. The farming period will last for three days, starting from March 30, 2024. ENA will be listed on Binance on April 2, 2024.

Binance, one of the leading cryptocurrency exchanges, has recently announced the introduction of Ethena (ENA) on their Launchpool platform. ENA is a synthetic dollar protocol designed to offer users a stable and decentralized digital currency solution.

With the launch of ENA on Binance Launchpool, users now have the opportunity to farm ENA tokens by staking their BNB (Binance Coin) and FDUSD (a stablecoin pegged to the US dollar). This farming process will take place over a three-day period, starting from March 30, 2024, at 00:00 UTC.

Once the farming period concludes, ENA will be officially listed on the Binance exchange on April 2, 2024, at 08:00 UTC. Trading pairs available for ENA will include ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.

Here are some important details about the ENA Launchpool:

Token Name: Ethena (ENA)

Max Token Supply: 15,000,000,000 ENA

Launchpool Token Rewards: 300,000,000 ENA (2% of max token supply)

Initial Circulating Supply: 1,425,000,000 ENA (9.5% of max token supply)

Smart Contract Details: Ethereum

Staking Terms: KYC required

To participate in the ENA Launchpool, users will need to stake their BNB and FDUSD tokens. There will be an hourly hard cap per user, allowing a maximum stake of 333,333.33 ENA in the BNB pool and 83,333.33 ENA in the FDUSD pool. The BNB pool will offer 240,000,000 ENA in rewards (80%), while the FDUSD pool will provide 60,000,000 ENA in rewards (20%).

During the farming period, daily rewards will be distributed as follows:

Total Daily Rewards (ENA): 100,000,000 ENA

BNB Pool Daily Rewards (ENA): 80,000,000 ENA

FDUSD Pool Daily Rewards (ENA): 20,000,000 ENA

Binance emphasizes that any claims to offer ENA for sale before the official listing date are false advertising. Users are advised to conduct their own research and exercise caution to ensure the security of their funds.

It’s important to note that participation in the ENA Launchpool may be subject to eligibility requirements based on the user’s country or region of residence. Some countries, such as Australia, Canada, Cuba, Iran, Japan, and the United States, among others, may be excluded from participating in the ENA farming process.

Binance continues to provide innovative opportunities for its users within the cryptocurrency space. Interested individuals are encouraged to stay informed and join the Ethena Launchpool to take advantage of the farming opportunity and earn ENA tokens by staking BNB and FDUSD.

For more information about Ethena (ENA), users can access the research report available shortly after the announcement. Additionally, the Ethena website and whitepaper provide further details about the project’s goals and technology.

The Binance team expresses their gratitude for the support received and remains dedicated to offering a wide range of options to cryptocurrency enthusiasts.

Image source: Shutterstock



Source link

Tags: AIBinanceBlockchainCryptoENAEthenafarmingLaunchesLaunchpoolNewsTokens
Previous Post

Transfer Learning vs. Fine Tuning LLMs: Key Differences

Next Post

Empowering Excellence: A Journey into Cloud Computing with Great Learning

Related Posts

5 SLA metrics you should be monitoring
Blockchain

5 SLA metrics you should be monitoring

June 10, 2024
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
Blockchain

10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India

June 9, 2024
Arkham: US Government Seizes $300M from Alameda Research Accounts
Blockchain

Arkham: US Government Seizes $300M from Alameda Research Accounts

June 8, 2024
Fake Musk Live Streams Flood YouTube During SpaceX Launch
Blockchain

Fake Musk Live Streams Flood YouTube During SpaceX Launch

June 7, 2024
How to Track Crypto Transactions for Taxes?
Blockchain

How to Track Crypto Transactions for Taxes?

June 7, 2024
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
Blockchain

NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release

June 7, 2024
Next Post
Empowering Excellence: A Journey into Cloud Computing with Great Learning

Empowering Excellence: A Journey into Cloud Computing with Great Learning

10 GitHub Repositories to Master MLOps

10 GitHub Repositories to Master MLOps

Robotics Engineering Career Fair to connect candidates, employers at Robotics Summit

Robotics Engineering Career Fair to connect candidates, employers at Robotics Summit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
Graph neural networks in TensorFlow – Google Research Blog

Graph neural networks in TensorFlow – Google Research Blog

February 6, 2024
13 Best Books, Courses and Communities for Learning React — SitePoint

13 Best Books, Courses and Communities for Learning React — SitePoint

February 4, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In