What is the issuance amount of Ethena (ENA) coins?

To facilitate secure data exchange in healthcare, the Ethena platform utilizes its native cryptocurrency, ENA, which was distributed through private sales, public offering, and strategic partnerships.

Dec 12, 2024 at 10:49 am

Ethena (ENA): Understanding Issuance and Distribution

What is Ethena (ENA)?

Ethena is a blockchain-based platform that aims to revolutionize the healthcare industry by facilitating secure, transparent, and efficient data exchange between patients, healthcare providers, and researchers. The native cryptocurrency of the Ethena platform is ENA, which plays a crucial role in powering the ecosystem and incentivizing participants.

Issuance Amount of Ethena (ENA) Coins

The total issuance of ENA coins is capped at 1,000,000,000 (1 billion). This predetermined maximum supply ensures scarcity and helps maintain the value of the token.

Distribution of ENA Coins

The ENA coins were distributed through a combination of private sales, public offerings, and strategic partnerships:

Private Sale: 40% of the total ENA supply was allocated to private investors during seed and Series A funding rounds.
Public Offering: 30% of the ENA supply was sold through public token sales, allowing retail investors to participate.
Strategic Partnerships: The remaining 30% of ENA coins were reserved for strategic partners, ecosystem development, and community initiatives.

Mechanism for Distributing ENA Coins

The distribution of ENA coins follows a predetermined distribution schedule:

Initial Launch: Upon launch of the Ethena platform, a portion of the ENA coins were distributed to participants in the private sale and public offering.
Vestings: The remaining coins allocated to strategic partners and the team underwent vesting periods, ensuring a gradual release over time.
Reward Mechanisms: ENA coins are also used to reward users for participating in the Ethena ecosystem, such as contributing data or providing anonymized medical records.

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