Binance, a top global cryptocurrency exchange has announced that it will support the new Ethereum.ETHLaunchpool, a cryptocurrency platform based in ), enables users to access altcoins that are.
Binance Launchpool allows users to launch their own cryptocurrency. stake Coins to Farm New Assets says Ethena, a protocol for synthetic dollars (ENA), will be its 50th Project.
Ethena aims USDe is a synthesized dollar that can be used to create a cryptocurrency-native money system independent of traditional banking infrastructure. It also provides a dollar denominated investment instrument named USDe. “the Internet Bond.”
The whitepaper of the project is explained.
“The ‘Internet Bond’ will combine yield derived from staked Ethereum as well as the funding and basis spread from perpetual and futures’ markets, to create the first on-chain crypto-native ‘bond’ that can function as a dollar-denominated savings instrument for users in permitted jurisdictions.”
Binance Users can get a 50% discount between March 30 and April 2. stake BNB First Digital USD is also available as a stablecoin.FDUSDThe exchange will then list the asset on April 2nd. The plan is to list this asset by the 2nd of April.
The exchange will apply a tag called’seed’ to ENA. This is a label that Binance applies to projects with lower liquidity and higher volatility than other tokens listed. Users who want to use Binance must be registered. own Assets with seed tags will be required to take quizzes at least every 90-days to make sure that the purchaser is aware of all the risks involved before they can trade the tokens.
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