Rise of EZ: Binance Launches New Token from Renzo Protocol
You’re about to witness Binance’s latest addition to its token roster – EZ, from the Renzo liquid restaking protocol. Join the launch frenzy and stake your claim in this exciting new token distribution plan.
Token Launch Details
Here’s what you need to know about Binance’s latest move:
– Binance will introduce EZ token on its Launchpool at 8 p.m. ET today
– Official token listing set for April 30 at 8 a.m. ET
– Stake BNB and FDUSD tokens for six days in separate pools to farm EZ
– Post-listing trading pairs will include EZ/BTC, EZ/USDT, EZ/BNB, and EZ/FDUSD
Token Distribution and Supply
Get insights into EZ’s allocation plan:
– Binance Launchpool will offer 2.5% of the total EZ token supply
– Airdrops: 10%
– Investors and advisors: 31.65%
– Team allocation: 20%
– DAO treasury: 20%
– Renzo’s foundation: 13.44%
– Liquidity allocation: 2.5%
– Total token supply capped at 10 billion tokens
– Circulating supply: 1.05 billion tokens
Utility of EZ Token
Discover the purpose behind EZ tokens:
– Governance voting for Renzo protocol proposals
– Critical role in protocol operations
– EZ tokens’ significance in shaping the protocol’s future
Renzo Protocol Overview
Explore the world of Renzo – a leading liquid restaking protocol:
– Second to Ether.fi in size and scope
– Total value locked at approximately $3.3 billion
– Utilizes the Ethereum restaking protocol EigenLayer
– Provides users with ezETH token for restaking ETH
– Additional yield opportunities in the DeFi space
Strategic Investment
Learn about Binance’s strategic investment in Renzo:
– Previous undisclosed funding from Binance’s incubation and VC arm
– Alignment with Binance’s vision for innovative DeFi solutions
Hot Take: Binance’s Bold Move With EZ Token Listing
Time to seize the moment with EZ’s imminent listing on Binance. Stay ahead of the curve and capitalize on this exciting opportunity to dive into the world of Renzo’s liquid restaking protocol.
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