The market is bustling with the 50th project on Binance Launchpool: Ethena (ENA). Ethena is a pioneering project in developing decentralized stablecoins on the Ethereum platform. Ethena's unique feature is the use of a delta-hedging strategy instead of a collateralized debt position (CDP) for the USDe stablecoin, which optimizes the safety experience and minimizes liquidation risk for holders.

Ethena has attracted a total of 20.5 million USD from two funding rounds: Seed Round (5.6 million USD) and Strategic Round (14 million USD).

The listing time on Binance will be 15:00 April 2, 2024 (Vietnam Time), and trading pairs will include ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY .

Details about the Ethena Launchpool include the token name Ethena (ENA), total supply of 15,000,000,000 ENA, Launchpool reward of 300,000,000 ENA (2% of total supply), and initial circulating supply of 1,425,000,000 ENA (accounting for 9.5% of total supply).

Ethena promises to bring a safe and efficient stablecoin solution to the cryptocurrency market. Let's look forward to the launch of ENA on Binance Launchpool!