What is Ether.fi?
The introduction of ether.fi onto the Launchpool platform emphasizes Binance’s dedication to enriching the cryptocurrency ecosystem. By offering a decentralized, non-custodial delegated staking protocol, Binance continues to foster innovation and accessibility in the digital asset space.
Binance’s selection of ether.fi for its Launchpool project represents a development in the crypto sector. This initiative underscores the exchange’s ongoing efforts to support innovative projects and provide value to its user base.
What is Binance Lounchpool?
Binance Launchpool is a platform introduced in September 2020 that enables users to stake their cryptocurrency tokens and earn new ones. Users can stake BNB, FDUSD, and other tokens to acquire new project tokens, making it attractive for investors seeking passive income.
Binance has announced the commencement of the ETHFI Launchpool, scheduled to start on March 14, 2024, and run until March 17, 2024. Today is March 17 it mean only fews hours left to avail the opportunity to stake their BNB and FDUSD tokens in separate pools to farm ETHFI tokens. The total token rewards allocated for the Launchpool amount to 20,000,000 ETHFI, representing 2% of the token's maximum supply of 1,000,000,000 ETHFI.
The Launchpool will feature two main pools:
The BNB pool and the FDUSD pool. The BNB pool will offer 16,000,000 ETHFI tokens as rewards, while the FDUSD pool will provide 4,000,000 ETHFI tokens. Users can stake their tokens in only one pool at a time.
Binance will list ETHFI on its platform on March 18, 2024, at 12:00 UTC. The token will be available for trading in various pairs, including ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY, with the Seed Tag applied to signify its newly launched status.
Social Media plateforms:
Website: https://www.ETHFi.xyz/
Whitepaper: https://docs.ETHFi.xyz/ETHFi-exchange/introduction
X: https://twitter.com/ETHFixyz
Discord: https://discord.com/invite/ETHFi
Medium: https://ETHFi.mirror.xyz/
