Prelaunch futures tied to decentralized finance protocol Ethena’s impending governance commemorative ENA surged on Friday, inferring a request capitalization of over$ 500 million at commencement.
The ENA USDpre-debut futures listed on the decentralized exchange Aevo changed hands at 73 cents during the Asian trading hours, representing a22.29 gain on a 24- hour base.
Ethena, home to the$1.3 billion USDe commemorative, will airdrop 750 million ENA, equating to 5 of the total force, to USDe holders on April 2. Dealers who unleash, unstake, or vend their USDe before April 1 won't be eligible for the airdrop.
The stated airdrop figure and the going request price inferred by prelaunch futures mean the commemorative could debut with a request capitalization of$547.5 million.
The request cap is determined by multiplying the circulating force with the going request price. Meanwhile, ENA's completely adulterated request value( FDV) could be over$ 10 billion. The FDV uses total force to calculate the request value.
The double- number swell in the ENA prelaunch futures likely redounded from Binance publicizing a launchpool for druggies to stake their BNB and FDUSD ranch ENA commemoratives.
Binance launch pool, frequently called a centralized yield husbandry service, is a popular way for druggies to share in early- stage systems. “ The@ethena_labs prelaunch request on Aevo is over 20 on the reverse of their Binance Launchpool advertisement, ” Aevo said onX.
ENA husbandry on Binance launchpool will start on March 30 at 0000 UTC and be open for three days. The leading cryptocurrency exchange will list ENA on April 2, allowing trading in ENA/ BTC, ENA/ USDt, ENA/ BNB, ENA/ FDUSD and ENA TRY dyads.
Aevo’spre-listing perpetual futures are analogous to “ I owe you ” or IOU futures offered by some exchanges. Once the token goes live, thepre-listing perpetuals source the commemorative’s spot price and collect backing rates from dealers to keep perpetuals in sync with the spot price.
The ENA USDpre-debut futures listed on the decentralized exchange Aevo changed hands at 73 cents during the Asian trading hours, representing a22.29 gain on a 24- hour base.
Ethena, home to the$1.3 billion USDe commemorative, will airdrop 750 million ENA, equating to 5 of the total force, to USDe holders on April 2. Dealers who unleash, unstake, or vend their USDe before April 1 won't be eligible for the airdrop.
The stated airdrop figure and the going request price inferred by prelaunch futures mean the commemorative could debut with a request capitalization of$547.5 million.
The request cap is determined by multiplying the circulating force with the going request price. Meanwhile, ENA's completely adulterated request value( FDV) could be over$ 10 billion. The FDV uses total force to calculate the request value.
The double- number swell in the ENA prelaunch futures likely redounded from Binance publicizing a launchpool for druggies to stake their BNB and FDUSD ranch ENA commemoratives.
Binance launch pool, frequently called a centralized yield husbandry service, is a popular way for druggies to share in early- stage systems. “ The@ethena_labs prelaunch request on Aevo is over 20 on the reverse of their Binance Launchpool advertisement, ” Aevo said onX.
ENA husbandry on Binance launchpool will start on March 30 at 0000 UTC and be open for three days. The leading cryptocurrency exchange will list ENA on April 2, allowing trading in ENA/ BTC, ENA/ USDt, ENA/ BNB, ENA/ FDUSD and ENA TRY dyads.
Aevo’spre-listing perpetual futures are analogous to “ I owe you ” or IOU futures offered by some exchanges. Once the token goes live, thepre-listing perpetuals source the commemorative’s spot price and collect backing rates from dealers to keep perpetuals in sync with the spot price.
