Ethena is a synthetic dollar protocol with the first crypto-native internet Bond. It offers users the opportunity to utilize the first fully on-chain, censorship-resistant form of money - USDe stablecoin.
At the heart of the protocol’s governance and decentralization lies its native $ENA token, whose primary role is granting access to decentralized votings within the platform.
28th March 2024, the Ethna officially announced the release of the Ethena ($ENA) token, followed by an IEO on Binance - the largest centralized exchange on the crypto market, allocating 2% of the total supply for the IEO.
Ethena - IEO Round on Binance Overview
No lock-up
Binance Launchpad
Ethena - IEO Round on Binance Round Result
Ethena - IEO Round on Binance Current Token Data
How to join Ethena - IEO Round on Binance?
To participate in the $ENA IEO on Binance, users need to sign up or log in to Binance, complete KYC verification, and acquire either BNB or FDUSD tokens. Then, they should visit the Ethena token IEO page on Binance and stake any amount of BNB or FDUSD to start farming $ENA. The Ethena IEO on Binance will commence at 00:00 UTC on March 30, 2024, and conclude upon the listing of the token on April 2, 2024, at 08:00 UTC.
Every hour, Binance will be rewarding participants with Ethena crypto tokens, equal to their share in the BNB and FDUSD pools. The amount of rewards for each pool is:
- 80,000,000 $ENA for the BNB pool
- 20,000,000 $ENA for the FDUSD pool
❗️PRO TIP: Although the amount of rewards for the BNB pool is significantly higher than for FDUSD, it usually has a higher amount of $ staked in the pool, which means your share in the pool and subsequently rewards might be significantly lower than in the FDUSD pool. Additionally, BNB usually experiences increased volatility during IEO events, and after that, it often dips lower than it was during the event.
That’s why we recommend you diligently weigh all the risks and pros of participating in the IEO as well as your potential share and reward for the Binance IEO.
For more information, check out the Binance official announcement.
Step-by-step Guide
Complete KYC verification;
Visit the Binance Launchpool page;
Pick the $ENA IEO;
Stake BNB or FDUSD;
Wait for the end of farming period;
Get your tokens.