Today words 🥳🏆✨💫 #WORDOFTHEDAY✅ #Write2Earn! | Dinesha Madhubhashani on Binance Square

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Dinesha Madhubhashani

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Today words 🥳🏆✨💫
#WORDOFTHEDAY✅ 
#Write2Earn!  

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Today words 🏆🥳✨🧚🏻‍♀️💫 #WORDOFTHEDAY✅ #Write2Earn

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$ENA It looks like “ENA” commonly refers to Ethena — the decentralized synthetic-dollar (USDe) protocol built on Ethereum. Here’s a breakdown: ⸻ 🔍 What is Ethena (ENA)? • ENA is the governance token for the Ethena protocol, which issues USDe, a crypto-native synthetic dollar created via delta-hedging strategies. • Its value is loosely pegged to USD, and it offers yield through arbitrage between spot ETH and perpetual futures markets, along with staking mechanisms. ⸻ 💲 Current Price & Market Stats • Ethena is trading around $0.58–$0.59 USD per ENA token, with daily price moves typically in the range of ±2–4% . • It ranks among the Top 40 crypto-assets by market cap, with a market cap of ~$3.9 billion from roughly 6.6 billion ENA in circulation (max supply: 15 billion). • 24‑hour trading volume consistently falls around $1 billion across major exchanges. ⸻ 🔄 Trading Pairs & Where to Buy • The most liquid trading pair is ENA/USDT, especially on centralized exchanges like Binance, MEXC, and Bybit. Trading volume is often in the hundreds of millions (USD). • Other pairs include ENA/USDC, ENA/ETH, and regional fiat pairs like KRW, AUD, etc. ⸻ ⚠️ Risks and Considerations • Ethena’s yield mechanism depends on basis-trade income; historical yields have dropped from over 60% to under 5% annualized as arbitrage competition intensified. • The protocol uses around 5% liquid staking tokens (e.g. stETH), which exposes it to the risk of these assets de‑pegging. Its capital buffer is modest (~1.18%). • Some experts draw parallels to previous algorithmic stablecoin failures (e.g. Terra), suggesting caution regarding long-term stability. ⸻

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$CFX 🔍 Overview of Popular CFX Trading Pairs on Binance • CFX/USDT – The most highly traded CFX pair, especially on Binance Spot and Binance Futures, with daily volume around $250M+ USDT . • CFX/USDC – Also available, but with lower volume compared to USDT . • CFX/BTC – Lets you trade Conflux against Bitcoin; volume is smaller but available . • CFX/TRY – Fiat pair for Turkish Lira; popular for local traders in Türkiye with volume over 4 million TRY . ⸻ 📊 Recent Price & Volume Information (as of early August 2025) • CFX/USDT price (Binance Spot): approximately ₮ 0.213–0.214 USDT per CFX, with noticeable daily volatility (~±1–2%) . • CFX/USD average price: around $0.213–$0.214, based on volume‑weighted global pricing . • CFX/BTC price: roughly 0.00000125 BTC per CFX on Binance . ⸻ 🪙 What Is CFX? • CFX is the native utility token of the Conflux Network, a China-endorsed, EVM-compatible Layer‑1 blockchain with hybrid consensus and high throughput. • Used for paying gas fees, staking, governance participation, and network rewards . • Key features include staking interest (around ~4% annually), fee sponsorship (allowing zero-balance users to transact), and fast TPS performance (hundreds to thousands/sec) . ⸻ ✅ What Does “Coin Pair CFX” Mean in Binance Context? In short, the “CFX coin pair” simply refers to the market pairing between CFX and another asset (such as USDT, USDC, BTC, TRY, USD) that you can buy, sell, or trade on Binance’s spot or futures markets. ⸻

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#CreatorPad In Binance, “Creator Pad” refers to a platform or launchpad designed specifically to support and promote content creators, artists, and influencers in launching their own Web3 projects, such as NFTs or creator tokens. Key Features of Creator Pad in Binance: 1. Launch Platform: It helps creators launch digital assets like NFTs or fan tokens, offering them tools to tokenize their work and engage with their audience. 2. Fan Engagement: Allows fans to directly support their favorite creators by purchasing tokens or collectibles that offer exclusive content, access, or benefits. 3. Monetization: Provides creators with new ways to earn through blockchain — beyond traditional social media monetization. 4. Backed by Binance Ecosystem: Projects launched on the Creator Pad can benefit from Binance’s vast user base, security, and marketing. 5. Web3 Empowerment: The platform is part of Binance’s push toward empowering creators through decentralized ownership and control of their content and communities. Summary: Binance Creator Pad is a Web3 launch platform enabling creators to tokenize their content, launch NFT or token projects, and build deeper fan communities using blockchain technology.

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