Binance, the world’s leading cryptocurrency exchange, announced that Renzo (EZ), a new liquid repurchase protocol, will soon be listed on the Launchpool platform. This marks the 53rd project to be offered through Binance’s Launchpool program, offering users an exclusive opportunity to earn EZ tokens before their official exchange launch.
Binance adds Renzo to Launchpool
The excitement begins with the launch of the EZ farming program on Binance Launchpool on April 24 at 00:00 UTC. Users can participate by staking BNB or Binance-pegged USD (FDUSD) tokens into separate pools. This six-day farming period allows users to accumulate EZ tokens as rewards, with an allocation of 250,000,000 EZ, representing 2.5% of the total token supply. Launchpool details are as follows:
- Token Name: Renzo (EZ)
- Maximum Token Supply: 10,000,000,000 EZ
- Launchpool Token Rewards: 250,000, EZ (2.5% of maximum supply)
- Initial Supply Circulating: 1,050,000,000 EZ (10.50% of maximum supply)
- Smart Contract Details: Ethereum
- Staking Terms: KYC verification required
For maximum flexibility, Binance offers two staking pools:
- BNB Pool: Users can stake BNB tokens to earn a share of the 212,500,000 EZ reward pool (85% of the total Launchpool allocation).
- FDUSD Pool: This pool allows users to stake FDUSD tokens, a stablecoin pegged to Binance, and earn a portion of the 37,500,000 EZ reward pool (15% of the total allocation).
EZ will be listed first on Binance
The Launchpool web page launch is expected to go live within hours of this announcement. The EZ farming process will continue between the night of April 24 and 02:59 on April 30. EZ token listing on Binance will take place on April 30 at 15:00 UTC. Trading pairs will be EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD and EZ/TRY. Binance emphasizes user security by emphasizing that it will be the first platform to list EZ tokens. Any claims of earlier availability are considered false advertising.
A comprehensive research report on Renzo (EZ) is expected to be published on Binance within an hour of the announcement. This report will provide investors with a deeper understanding of the project’s goals, functions, and potential impact in the DeFi (Decentralized Finance) space. By offering EZ through Launchpool, Binance continues to foster innovation and provide its users with exclusive access to emerging crypto projects.
Launchpool is a platform offered by some cryptocurrency exchanges such as Binance that allows users to participate in the launch of new crypto projects. It works in a way that benefits both the new project and the exchange users. The liquid staking solution offered by Renzo has the potential to streamline staking processes and unlock new opportunities for cryptocurrency holders.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.