Binance, the popular cryptocurrency exchange, has introduced Athena (ENA) to its Launchpool platform. Users can now participate in farming ENA tokens by staking BNB and FDUSD. The cultivation period will last for three days starting on March 30, 2024. ENA will be listed on Binance on April 2, 2024.
Binance, one of the leading cryptocurrency exchanges, recently announced the introduction of Athena (ENA) to 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 the Binance Launchpool, users now have the option to generate ENA tokens by staking their BNB (Binance Coin) and FDUSD (USD pegged stablecoin). This breeding process will take place over three days, starting on March 30, 2024, at 00:00 UTC.
After the cultivation period is over, 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: Athena (ENA)
Maximum amount of tokens: 15,000,000,000 ENA
Launchpool Token Rewards: 300,000,000 ENA (2% of maximum token supply)
Initial Circulating Supply: 1,425,000,000 ENA (9.5% of maximum tokens)
Smart Contract Details: Ethereum
Wagering Conditions: KYC required
To participate in the ENA Launchpool, users will need to stake their BNB and FDUSD tokens. There will be an hourly limit for each 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 breeding period, daily rewards will be distributed as follows:
Total Daily Prizes (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 of ENA being offered for sale before the official listing date are false advertising. Users are advised to do their own research and exercise caution to ensure the security of their funds.
It is 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. Certain countries, such as Australia, Canada, Cuba, Iran, Japan and the United States, among others, may be excluded from participating in the ENA agricultural process.
Binance continues to provide innovative opportunities for its users in the field of cryptocurrencies. Interested parties are encouraged to stay informed and join the Athena Launchpool to take advantage of the opportunity to farm and earn ENA tokens by staking BNB and FDUSD.
For more information on Athena (ENA), users can access the research report available shortly after the announcement. Additionally, Athena’s website and white paper provide additional details on the project’s goals and technology.
The Binance team expresses its gratitude for the support received and remains dedicated to offering a wide range of options to cryptocurrency enthusiasts.
Image source: Shutterstock