- The introduction of Ethena (ENA) as the 50th project on Binance’s Launchpool platform highlights the exchange’s continuous efforts to expand its offerings and provide users with diverse investment opportunities.
- By regularly adding new projects like ENA, Binance demonstrates its commitment to supporting innovative blockchain projects and facilitating their growth within the crypto community.
Binance, renowned as the leading cryptocurrency exchange in terms of trading volume, has introduced Ethena (ENA), a synthetic dollar protocol, as its 50th Launchpool project. This latest addition offers users the opportunity to engage in farming ENA tokens, with the staking of BNB and FDUSD open for three days starting March 30, 2024. Trading support for ENA is scheduled to commence on April 2, 2024.
Ethena (ENA) to Debut on Binance
As part of its announcement, Binance outlined that users can participate in staking BNB and FDUSD to farm ENA tokens, with the farming period spanning three days from March 30, 2024, at 00:00 UTC. Notably, the option for ENA farming is not accessible to users in certain regions, including Australia, Canada, and the US, as specified by Binance.
Simultaneously, Binance will become the inaugural cryptocurrency exchange to facilitate ENA trading, starting from April 2, 2024, at 8:00 UTC. The exchange will support various trading pairs for the new token, including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.
Launchpool Farming and Ethena Labs’ Airdrop
Binance’s Launchpool farming initiative follows closely on the heels of an announcement by Ethena Labs regarding a 750 million airdrop of ENA to its community on the preceding day. This airdrop accounts for 5% of the total ENA supply and will be tradable starting April 2. Ethena Labs has designed the airdrop for participants in its “shard campaign,” involving the staking of the synthetic dollar (USDe).
The addition of Ethena (ENA) marks yet another milestone for Binance Launchpool, which has already seen prominent projects such as Portal, Maverick Protocol, Sui, Aevo, and ETHFI grace its platform.
Binance Welcomes Ethena (ENA) as 50th Launchpool Project
Binance’s inclusion of Ethena (ENA) as the 50th project on its Launchpool platform marks a significant milestone in the crypto exchange’s ecosystem. With farming opportunities open to users and trading support scheduled shortly, ENA’s debut underscores Binance’s commitment to fostering innovation and providing diverse opportunities for its community.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
