The top crypto exchange Binance has officially announced the inclusion of its fiftieth project. The platform disclosed the listing of a synthetic dollar project “Ethena ($ENA)” on its Binance Launchpool and the staking webpage will appear today. The company mentioned that it will permit the consumers to stake their holdings in FDUSD and BNB for ENA farming. Nearly all recent projects launched on Binance launchpool are showing good performance. The 49th project $ETHFI provided up to 150% profit within the last few days.

A New Project Ethena ($ENA) Launches on Binance Launchpool

In this way, the users can stake the above-mentioned tokens into different pools for farming ENA tokens for 3 days. In addition to this, the crypto exchange also announced the date for the launch of the farming. As per Binance, the event is going to kick off on the 30^th of this month. Following the aforementioned event of ENA farming for three days, the company will list the token.

After the listing of ENA on the 2^nd of April, the firm will begin trading the token. According to the crypto exchange, the trading pairs will take into account ENA/TRY, ENA/FDUSD, ENA/BNB, ENA/USDT, and ENA/BTC. Apart from that, the company clarified the implementation of seed tags to ENA. The platform also disclosed that the ENA maximum supply is 15 billion coins.

Crypto Exchange Allocates 300,000,000 ENA Tokens for Launchpool Rewards

Along with that, the firm also disclosed the token rewards for the users. In this way, the consumers will reportedly obtain nearly 300,000,000 ENA tokens on the launchpool. The respective figure represents up to two percent of the total token supply of ENA. While discussing the early circulating supply of the token, the company said it would be almost 1,425,000,000 tokens.

This amount denotes 9.5% of the cumulative token supply. Additionally, as Binance often expresses its strict focus on the regulatory sphere, it also discussed Know Your Customer requirements. The crypto exchange revealed that the staking project will require the users to fulfill KYC requirements.

The platform assured the hourly availability of capitalization for every consumer. As Binance mentioned, the BNB pool will contain 333,333.33 ENA tokens while the FDUSD pool will comprise 83,333.33 ENA tokens. Hence, the farming period will span between the March 30^th and the April 1^st.