Binance Launchpool Mining Phase 53 is coming to an end
Binance will be the first platform to list REZ tokens at 20:00 on the 30th
What is Renzo:
Renzo is a liquid re-staking protocol based on EigenLayer. It aims to simplify the re-staking process of Ethereum and provide more simplified and diversified re-staking options for cryptocurrency enthusiasts. Renzo abstracts the complex process of re-staking for end users, and stakers do not have to worry about the active selection and management of operators and reward strategies. ezETH is Renzo's liquid re-staking token, which automatically obtains rewards and ensures liquidity. ezETH allows users to participate in DeFi while retaining re-staking rewards.
personal opinion:
It is worth mentioning that REZ is the third token listed on Binance. The previous ETHFI and ENA performed very well, especially ENA, which currently has a circulating market value of 1.1 billion and a peak market value of over 2 billion. In this environment, I am still very optimistic about REZ.
Financing experience:
Renzo raised $3.2 million in January this year, led by Maven11 and participated by OK and others
In February this year, Binance Labs announced an investment in Renzo, but the specific amount was not disclosed.
development path:
Currently, the TVL of the main network has exceeded 3 billion US dollars. The project team is developing rapidly. The fact that it can get investment from Binance also shows that it is indeed strong enough.
After confirming the launch of launchpool, the Renzo project team listened to the community's suggestions and modified the airdrop ratio. This wave of operations has indeed attracted a lot of fans, and the reputation has been consistently positive. Perhaps this is also one of the charms of my investment in blockchain.
Tokens:
The total amount of REZ is 10 billion, and the initial circulation is 11.5% of the total amount of tokens, 1.15 billion, of which Binance launchpool accounts for 2.5% of the total amount of tokens, or 250 million.
For more data, please check out Binance’s research report
If you haven't registered Binance yet, you can use my link to register
Binance KOL exclusive link (no ladder required):
https://www.suitechsui.io/cn/join?ref=XO6BWPLJ
KOL invitation code: XO6BWPLJ
In general, REZ has the smallest selling pressure at the opening and is the easiest to pull up, and it is easy to rise in the short term.
The estimated opening price is between 0.4-0.5.
I believe that the projects invested by Binance will not be bad. If it falls to around 0.3, I will choose to continue to build positions
