
Jakarta, Pintu News – Binance announced that it will list ENSO, the native token of its integrated execution and data network, on October 14. This is part of the 52nd HODLer airdrop program. ENSO will be available for trading against Tether , USD Coin , Binance Coin , FDUSD, and Turkish Lira (TRY) pairs starting at 09:00 UTC.
Before trading begins, Binance will distribute ENSO to the Spot accounts of eligible users, specifically those enrolled in the Simple Earn and On-Chain Yields programs.
ENSO operates on a deflationary model that reduces token issuance over time. It starts with an 8% annual inflation rate, which will continue to decrease every month until it reaches 0.35468%. A total of 1.75% of the total supply, or 1.75 million tokens, has been allocated for an airdrop to the community.

In addition, 500,000 tokens will be used for marketing campaigns after listing on the spot, and 1,750,000 tokens will be allocated for future marketing campaigns six months later.
Enso is designed as a unified execution and data network, which eases the complexities of decentralized finance. It allows developers to express complex cross-chain actions in a single intent.
As such, Enso automatically manages backend complexity to integrate different cross-chain protocols, facilitating the necessary steps through partnerships with key projects.
Read also: New Crypto Rules in Japan? Government Ready to Make Big Changes
Developers can access functionality from big names like Uniswap, LayerZero, Stargate, and Sushiswap, as well as new ecosystems like Berachain, Plume, and Virtuals without the need for a lot of low-level manual programming.
The ENSO token will power the project’s ecosystem and allow holders to participate in network governance, delegate stakes to professional node operators for network validation, and pay fees to conduct cross-chain transactions on the network.
The project has been developed on Tendermint-based Layer-1 blockchain using the Cosmos SDK and claims to support over 100 enterprise-grade products.
Some of the backers of the project include crypto-focused investment firms such as Polychain Capital, Multicoin Capital, The Spartan Group, and Hypersphere Ventures. Angel investors backing the project include the founder of Aave, Stani Kulechov, and executives from various prominent projects such as LayerZero and 1inch.
That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference