Binance Launchpool project ENA, a synthetic dollar protocol

CN
6 months ago

Ethena Labs is the creator of USDe, a synthetic dollar protocol built on Ethereum. The project addresses the need for a stable and scalable form of currency within the crypto-native space, independent of traditional banking systems.

ENA is the native utility token of Ethena and is used for the following purposes:

  • Governance: ENA token holders can vote on protocol governance decisions

As of March 29, 2024, the total supply of ENA is 150,000,000,000, with an initial circulating supply at listing of 1,425,000,000 (approximately 9.5% of the total token supply).

Key Metrics: (as of March 29, 2024)

Binance Launchpool Project ENA, a Synthetic Dollar Protocol_aicoin_Figure 1

Token Distribution

Binance Launchpool Project ENA, a Synthetic Dollar Protocol_aicoin_Figure 2

Binance Launchpool Project ENA, a Synthetic Dollar Protocol_aicoin_Figure 3

Token Issuance Schedule

Binance Launchpool Project ENA, a Synthetic Dollar Protocol_aicoin_Figure 4

Project References

  1. Project Research Report:
    https://www.binance.com/en/research/projects/ethena

  2. Whitepaper:
    https://ethena-labs.gitbook.io/ethena-labs

  3. Official Website:
    https://www.ethena.fi/

  4. Official Twitter:
    https://twitter.com/ethena_labs

Register on Binance: https://accounts.binance.com/en/register?ref=H9QR216I

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