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