KaneBinance Announces Listing of Athena (ENA) on LaunchpoolBinance exchange announces its 50th laSki
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Home > News
Published: 29/03/2024
-
Author: Kane
Binance Announces Listing of Athena (ENA) on Launchpool
Binance exchange announces its 50th launchpool project, Athena (ENA), a decentralized protocol issuing stablecoin built on Ethereum.
Azcnews Breaking
Binance has just announced its 50th project on Binance Launchpool – Ethena (ENA), a synthetic dollar protocol.
Users will be able to stake their BNB and FDUSD in separate pools to farm ENA tokens for three days, with farming starting from March 30, 2024, at 00:00 (UTC).
Subsequently, Binance will list ENA on April 2, 2024, at 8:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY trading pairs. The Seed label will be applied to ENA.
Details of the ENA Launchpool:
Token Name: Ethena (ENA)
Maximum Supply: 15,000,000,000 ENA
Launchpool Token Reward: 300,000,000 ENA (2% of maximum supply)
Initial Circulating Supply: 1,425,000,000 ENA (9.5% of maximum supply)
Smart Contract Details: Ethereum
Staking Requirement: KYC required
Hard Cap per Hour per User:
333,333.33 ENA in the BNB pool
83,333.33 ENA in the FDUSD pool
Supported Pools:
Stake BNB (website will be available in about 5 hours): 240,000,000 ENA reward (80%)
Stake FDUSD (website will be available in about 5 hours): 60,000,000 ENA reward (20%)
Farming Time: From March 30, 2024, at 00:00 (UTC) to April 1, 2024, at 23:59 (UTC).
Register for a Binance account here to start trading.
Related: Binance Announces Delisting of DREP, MOB, PNT
Introduction to Athena
Interface Athena
Interface Athena
Ethena Labs is a decentralized protocol issuing stablecoins built on Ethereum, providing a stablecoin solution independent of traditional banking systems. The project will offer savings tools with a new USD pegged token called Internet Bond.
Ethena’s stablecoin (USDe) is a delta-hedging strategy-based stablecoin solution. USDe will be fully transparently collateralized on the blockchain and can be freely used across different DeFi applications.
Notably, the Internet Bond is built on USDe, and this product will combine profits from Liquid Staking Tokens (LST) as well as the futures and perpetual swap markets. This will be the first blockchain-based bond, functioning as a USD savings instrument for users worldwide.
With this model, Ethena promises to deliver a flexible, transparent, and entirely decentralized stablecoin solution, while also providing attractive savings tools through the Internet Bond. Leveraging revenue sources from LSTs and derivative markets allows the project to generate attractive returns for users without relying on centralized banking systems.
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#athena
#Binance
5.0/5
(1 vote)
Avatar of Anonymous
Anonymous
29/03/2024 at 5:33 am
Hi, please how can Nigerians participate in this amazing project? Thanks
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Home > News
Published: 29/03/2024
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Author: Kane
Sam Bankman-Fried Sentenced to 25 Years in Prison for 7 Charges
On March 28, 2024, Sam Bankman-Fried was officially sentenced by Judge Lewis Kaplan to a prison term of up to 25 years for 7 different charges.
Azcnews Breaking
Previously, after a trial lasting over a month at the end of last year, Sam Bankman-Fried (SBF), the key figure behind the collapse of the cryptocurrency exchange FTX in November 2022, was convicted on all 7 charges brought against him.
The prosecution had recommended a sentence of 40 to 50 years for Bankman-Fried, along with a fine of $11 billion, while defense attorneys argued that a sentence of 63-78 months would be “fairer.” Since then, SBF has been held in pretrial detention at the MDC prison in New York City, awaiting the official sentencing date.
Yesterday, at 13:30 UTC on March 28, 2024, Sam Bankman-Fried once again appeared in court in Manhattan (USA) to receive the final verdict for the various charges and conspiracies related to the collapse of FTX.
According to reports from lawyer Matthew Russell Lee, the crowded courtroom attendees included the jury, prosecutors, Assistant U.S. Attorneys, witness Sunil Kavuri, and SBF’s lawyers Mark Mukasey and Torrey Young. Sam Bankman-Fried was escorted into court in the light brown uniform of the Metropolitan Detention Center in Brooklyn (MDC).
Related: Sam Bankman-Fried’s Request to Postpone Sentencing was Denied
The verdict for Sam Bankman-Fried
Sam Bankman Fried
Sam Bankman Fried
After hearing arguments from all parties and considering the factors set forth in Section 3553 of the law, Judge Kaplan concurred with the characterizations of Sam Bankman-Fried’s background. SBF is also a privileged citizen, raised by loving parents and enjoying numerous advantages.
Judge Kaplan noted that the Bureau of Prisons recommended a sentence of 105 years, while the government sought 40-50 years. However, those sentences are higher than necessary. The punishment must be commensurate with the seriousness of the crimes and also perceived as fair.
Therefore, United States District Judge Lewis Kaplan sentenced Sam Bankman-Fried to 25 years in prison for 7 serious charges of defrauding billions of dollars.
Gary Wang, Caroline Ellison, Nishad Singh, and Ryan Salame – four other individuals associated with FTX and Alameda Research indicted in the case with SBF – pleaded guilty and accepted plea deals.
Salame, former COO of FTX Digital Markets, was the only one of the four who did not testify at Bankman-Fried’s criminal trial. However, he may be the next to stand trial to hear his sentence on May 1, 2024.
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#Sam Bankman-Fried
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