Binance, the leading cryptocurrency exchange, has launched its 49th project on the Launchpool platform. ether.fi (ETHFI) announced its protocol. It will start on March 18, 2024. Project; It stands out with its decentralized, non-custodial delegate staking protocol features.
Ethereum.Fi Listing Details
Launchpool will begin on March 14, 2024, at 00:00 (UTC) and will offer users the opportunity to earn ETHFI tokens over a four-day period by depositing their BNB and FDUSD into separate pools. Following this, Binance will list ETHFI on March 18, 2024 and begin trading various pairs such as ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD and ETHFI/TRY.
Token Economy and Smart Contract Feature
In the Launchpool phase, where the maximum token supply is 1,000,000,000 ether.fi, it will offer 20,000,000 ETHFI tokens as a reward, which is 2% of the maximum supply. Additionally, the initial circulating supply was set at 115,200,000 ETHFI, which is 11.52% of the maximum token supply. ETHFI operates on the Ethereum blockchain and aims to offer robust security and functionality.
Farming Conditions and Pool Distribution
KYC verification is mandatory to receive distribution from Launchpool. Hourly limits per user are set at 16,666.66 ETHFI for the BNB pool and 4,166.66 ether.fi for the FDUSD pool. Launchpool supports two pools, BNB and FDUSD, and offers rewards of 16,000,000 ETHFI (80%) and 4,000,000 ETHFI (20%) respectively.
It is important to comply with the eligibility criteria set based on residence status of a particular country or region. In particular, residents of certain countries are excluded from taking part in Launchpool, such as residents of certain countries such as the USA, Japan, Canada. However, these restrictions may change due to changing regulatory landscapes.
In conclusion
As Binance continues to drive innovation and accessibility in the cryptocurrency space, the introduction of the ether.fi (ETHFI) project highlights its commitment to providing a variety of opportunities for users to engage with new blockchain projects. With transparent token economy, robust security measures and user-friendly interface, ETHFI aims to revolutionize decentralized staking and empower the global crypto community.
Website: https://www.ether.fi/
Whitepaper: https://etherfi.gitbook.io/etherfi/ether.fi-whitepaper
X: https://twitter.com/ether_fi
Discord: https://discord.com/invite/zqGzcuQWvD
Telegram: https://t.me/+C3fpSjmPqzA5NTVh
Medium: https://medium.com/etherfi
Official announcement of listing: https://www.binance.com/en/support/announcement/introducing-ether-fi-ethfi-on-binance-launchpool-farm-ethfi-by-staking-bnb-and-fdusd-043436c6551d4f67bf1565a253039b39
