Breaking: Binance Introduces ENA, Launchpool’s fiftieth Venture

• Binance broadcasts the introduction of Ethena (ENA), an artificial greenback protocol hailed as Binance Launchpool’s 50^th challenge.
• The challenge permits customers to farm ENA by staking their BNB and FDUSD tokens from March 30, 2024.
• The change will enlist ENA on April 2 and open buying and selling with the ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY buying and selling pairs.

Binance introduced the fiftieth challenge on Binance Launchpool, Ethena (ENA), an artificial greenback protocol. In response to the platform’s official announcement, customers will be capable of farm ENA tokens beginning on March 30, 2024, by staking their BNB and FDUSD tokens.

Chinese language crypto reporter Colin Wu shared an X publish on his Wu Blockchain web page, drawing insights from Binance’s newest updates. As per his publish, the challenge, derived from BitMEX co-founder Arthur Hayes’ concepts, will enable Binance customers to farm ENA tokens over three days.

With a complete circulating provide of 15,000,000,000 ENA, Binance will initially unleash 1,425,000,000 ENA, which includes 9.5% of the full provide. As well as, the platform has declared 300,000,000 ENA, constituting 2% of the utmost provide, as Launchpool token rewards.

Reportedly, Binance will enlist ENA on April 2, 2024, at 08:00 UTC, opening buying and selling with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY buying and selling pairs. Additional, Binance has highlighted an vital notice, cautioning the group in opposition to false promoting. Binance cited,

<blockquote> “Binance would be the first platform to checklist the token talked about herein, with commerce beginning at 2024-04-02 08:00 (UTC). Any claims to supply this token on the market earlier than the acknowledged timeline are false promoting. Please do your individual analysis to make sure security of your funds!” </blockquote>

Unveiling the eligibility to take part within the Launchpool, Binance asserted that customers from Australia, Canada, Cuba, the Crimea Area, Iran, Japan, New Zealand, the Netherlands, North Korea, Syria, america of America and its territories, and non-government-controlled areas of Ukraine are denied farming ENA. Nevertheless, Binance assured that the checklist of prohibited areas may be modified in accordance with regulatory updates.