The world's largest cryptocurrency exchange #Binance has announced that it has selected PayFi (payment finance) network Huma Finance (HUMA) for its 70th Launchpool project.
Binance announced on May 22 that PayFi network Huma Finance (#HUMA ), which accelerates cross-border and card payments and offers instant liquidity access, has been selected as the 70th Launchpool project. Working on BNB Smart Chain and Solana, Huma Finance aims to provide its users with innovative and fast solutions in payment processes. Binance stated that the special web page for Huma Finance will be accessible within 12 hours.
HUMA to be Listed on May 26
Binance will list its new altcoin HUMA at 13:00 UTC on May 26 with HUMA/USDT, HUMA/USDC, HUMA/BNB, HUMA/FDUSD and HUMA/TRY trading pairs and a "seed tag". This listing, which will be held within the scope of Pre-Market, will offer users early access to the HUMA token.
According to the information provided, Launchpool users will be able to farm for 3 days starting from 00:00 UTC on May 23. Users who want to earn HUMA will need to stake BNB, FDUSD or USDC.
2.5% of HUMA, which has a total supply of 10 billion, will be distributed as a reward in Launchpool. There will be 3 different pools in the reward program, and 85% of the reward will be distributed in the BNB pool, 5% in the FDUSD pool and 10% in the USDC pool.
HUMA reward distribution and farming details
212 million 500 thousand HUMA shares were allocated to users who staked BNB, 12 million 500 thousand HUMA shares were allocated to users who staked FDUSD and 25 million HUMA shares were allocated to users who staked USDC. The maximum holding limit per user was determined as 295,138 HUMA for the BNB pool, 17,361 HUMA for the FDUSD pool, and 34,722 HUMA for the USDC pool.
Binance stated that the HUMA token will be removed from Binance Alpha with the start of spot trading, but will also be traded on the Alpha platform beforehand.
