Token

2024

Spot

Thena (<a href="https://yellow.com/asset/the">THE</a>) has <a href="https://crypto.ro/en/news/thena-the-becomes-the-2nd-project-on-binance-airdrops-portal/">secured</a> a landmark position as the second project on the Binance Airdrops Portal, marking a significant milestone in the decentralised exchange (DEX) landscape. 
The project's native THE Token is set to make its debut with multiple trading pairs and an innovative airdrop strategy. 
Key Data Points: 
<ul> 
 <li>Thena Listing Date: November 27</li> 
 <li>Total Token Supply: 206,863,770 THE</li> 
 <li>Maximum Token Supply: 310 million THE</li> 
 <li>Airdrop Allocation: 21,750,000 THE (7% of maximum supply)</li> 
</ul> 
Binance Listing Details: 
Trading Pairs: 
<ul> 
 <li>THE/BTC</li> 
 <li>THE/USDT</li> 
 <li>THE/BNB</li> 
 <li>THE/FDUSD</li> 
 <li>THE/TRY</li> 
</ul> 
Listing Tag: Seed (Indicating potential high volatility) 
Airdrop Mechanism: 
<ul> 
 <li>Eligibility Period: November 6-13, 2024</li> 
 <li>Qualification: BNB Simple Earn Flexible or Locked product subscribers</li> 
 <li>Distribution: Spot Wallet, one hour before trading begins</li> 
</ul> 
Thena's Ecosystem Highlights: 
<ul> 
 <li>Platform Type: Decentralized Exchange (DEX)</li> 
 <li>Blockchain: BNB Chain and opBNB</li> 
 <li>Trading Features: Spot and Leverage Trading</li> 
 <li>Leverage Capability: Up to 60x</li> 
 <li>Unique Model: ve3,3 self-optimizing system</li> 
</ul> 
Market Implications: 
<ul> 
 <li>Community-Driven Approach</li> 
 <li>Sustainable Participant Rewards</li> 
 <li>Permissionless and Non-Custodial Trading</li> 
</ul> 
Binance Airdrop Methodology: 
<ul> 
 <li>Hourly Balance Snapshots</li> 
 <li>Retroactive Reward Calculation</li> 
 <li>Distribution Within 24 Hours of Announcement</li> 
</ul> 
The THE Token launch represents a strategic expansion of Thena's ecosystem, offering crypto enthusiasts an innovative trading platform with unique rewards mechanism. The project's ve3,3 model aims to create a sustainable environment for liquidity providers and traders. 
Technological Innovation: 
<ul> 
 <li>Self-Optimizing Liquidity Model</li> 
 <li>Multi-Blockchain Support</li> 
 <li>Advanced Trading Capabilities</li> 
</ul> 
The Binance listing signals growing institutional confidence in Thena's approach to decentralized trading. The carefully structured airdrop and listing strategy demonstrates the project's commitment to community engagement and ecosystem growth. 
The THE Token launch marks a pivotal moment in Thena's journey, positioning it as a potential game-changer in the decentralized exchange landscape. 
At the time of writing, Thena was up 188.75% to trade at $3.00 while its market cap rose to $231.07 million and the trading volume increased by 3759% in the last 24 hours to touch $1.93 billion.

Thena Joins Binance Airdrops Platform with THE Token Listing

Yellow News

Other articles published on Nov 27, 2024

Bitcoin Dominance Weakens as Altcoins Prepare for a probable Market Surge

Grayscale Investments Reopens Special Investments in XRP and Other Cryptocurrencies

BlackRock’s Tokenized Fund BUIDL Now Available on Aptos, Arbitrum, and More Blockchains

Somnia Partners With Ankr to Power Developer Infrastructure and Drive Innovation

Didn’t Invest in Dogecoin at the Right Time? Here’s Why BTFD Coin Could Be Your Redemption

MicroStrategy’s Bitcoin Holdings Reach $24B with Latest Acquisition

Join our free newsletter for daily crypto updates!