Ethena以TGE和空投結束分片活動，ENA在盤前飆升

Ethena 的治理代幣 ENA 將於今天推出，並立即在 Binance 和 Bybit 上市。總供應量150億枚，初始流通量14.25億枚。供應量的 5% 的空投將分發給分片活動的參與者。各個平台的上市前價格範圍為每個代幣 0.645 至 0.687 美元。 ENA 持有者將對協議參數擁有治理權，包括 sats 活動和分片活動第二季。

Ethena's Shard Campaign Culminates with TGE and Airdrop

Ethena 的分片活動以 TGE 和空投達到高潮

After a highly successful 6-week run, Ethena's inaugural Shard Campaign concludes today, marking a pivotal moment in the project's evolution. Tomorrow, April 2nd, eligible users can claim their ENA tokens at https://claim.ethena.fi/.

經過 6 週的成功運行，Ethena 的首次碎片活動於今天結束，標誌著該專案發展的關鍵時刻。明天，4 月 2 日，符合條件的用戶可以在 https://claim.ethena.fi/ 領取他們的 ENA 代幣。

Immediate T1 CEX Listings and Pre-Market Prices

立即 T1 CEX 上市及上市前價格

In a testament to the project's high anticipation, Ethena's governance token, ENA, will enjoy immediate listings on tier-1 centralized exchanges (CEXs) upon its Token Generation Event (TGE). Binance and Bybit have already announced launchpools where users can earn ENA by staking USDT and ENA or BNB, respectively.

為了證明該專案的高度期待，Ethena 的治理代幣 ENA 將在其代幣生成事件（TGE）後立即在一級中心化交易所（CEX）上上市。 Binance 和 Bybit 已經宣布推出啟動池，用戶可以分別透過質押 USDT 和 ENA 或 BNB 來賺取 ENA。

Ahead of the TGE, ENA is actively trading on various pre-markets, providing insights into market sentiment. As of press time, the following prices prevail:

在 TGE 之前，ENA 正在各種盤前交易中積極進行交易，提供對市場情緒的洞察。截至發稿，以下價格為準：

• Bybit Pre-Market: 0.678 USDT
• Whales Market: 0.679 USD
• Kucoin: 0.687 USDT
• Aevo: 0.645 USD

It is important to note that these pre-market prices are based on limited volumes and should be interpreted with caution.

Bybit 盤前價格：0.678 USDT鯨魚市場：0.679 USDKucoin：0.687 USDTAevo：0.645 USD 值得注意的是，這些盤前價格基於有限的交易量，應謹慎解讀。

ENA Distribution and Release Schedule

ENA 分發和發佈時間表

Ethena's token distribution and release schedule outlines the allocation of the total supply of 15 billion ENA tokens:

Ethena 的代幣分配和發行時間表概述了 150 億個 ENA 代幣總供應量的分配：

• Total Supply: 15 billion
• Initial Circulating Supply: 1.425 billion
• Core Contributors: 30% of total supply, with a 1-year cliff, 25% cliff and 3-year linear monthly vesting schedule.
• Investors: 25% of total supply, with a 1-year cliff, 25% cliff and 3-year linear monthly vesting schedule.
• Foundation: 15% of total supply, reserved for funding further development.
• Ecosystem Development: 30% of total supply, including 5% allocated to the ENA airdrop.

It is noteworthy that neither the Core Contributor nor the Investor allocations will be unlocked before the 1-year cliff.

總供應量：150億初始流通量：14.25億核心貢獻者：總供應量的30％，1年懸崖，25％懸崖和3年線性每月歸屬計劃。投資者：總供應量的25％，1年懸崖，25％懸崖和3年線性每月歸屬計劃。基金會：總供應量的15％，保留用於資助進一步發展。生態系統開發：總供應量的30％，其中5％分配給ENA空投.值得注意的是核心貢獻者和投資者分配都不會在 1 年懸崖之前解鎖。

Tokenomics Analysis

代幣經濟學分析

Ethena's tokenomics align with industry best practices, featuring a balanced distribution among various stakeholders:

Ethena 的代幣經濟學符合行業最佳實踐，在各個利益相關者之間實現平衡分配：

• 45% Team Allocation: This allocation supports the core team responsible for Ethena's development and execution.
• 70% Insider Allocation: Including both the team allocation and the investor allocation, this ensures sufficient funding and alignment of interests.
• 30% Ecosystem Development: This allocation fuels the growth and adoption of the Ethena ecosystem.

ENA Airdrop

45% 團隊分配：此分配支援負責 Ethena 開發和執行的核心團隊。70% 內部人員分配：包括團隊分配和投資者分配，這確保了充足的資金和利益協調。30% 生態系統開發：此分配燃料Ethena 生態系的發展與採用。ENA 空投

A total of 750 million ENA tokens have been allocated for the airdrop, with 4% (30 million ENA) reserved for Milady, Remilio, and Schizoposter NFT holders. The remaining 720 million ENA will be distributed proportionally to Shard Campaign participants, equating to approximately 501 shards per ENA token.

這次空投共分配了 7.5 億個 ENA 代幣，其中 4%（3,000 萬個 ENA）預留給 Milady、Remilio 和 Schizoposter NFT 持有者。剩餘的 7.2 億個 ENA 將按比例分配給分片活動參與者，相當於每個 ENA 代幣約 501 個分片。

Based on the average pre-market price of roughly $0.672, each shard is valued at approximately $0.001341, assuming a linear distribution.

根據約 0.672 美元的平均上市前價格，假設呈線性分佈，每個分片的價值約為 0.001341 美元。

ENA Utility

ENA 實用程式

As a governance token, ENA empowers holders to actively participate in shaping the future of the Ethena protocol. ENA holders will have voting rights on proposals related to:

作為一種治理代幣，ENA 使持有者能夠積極參與塑造 Ethena 協議的未來。 ENA 持有者將對以下相關提案擁有投票權：

• Sats Campaign
• Shard Campaign
• Protocol Upgrades

Sats Campaign: Season 2

Sats 活動分片活動協議升級Sats 活動：第 2 季

The second season of the Shard Campaign, known as the Sats Campaign, commences immediately after the TGE. This campaign aims to integrate Bitcoin (BTC) as a backing asset for Ethena's USDe stablecoin. It will run until September 2nd or until the USDe supply reaches $5 billion.

碎片活動的第二個賽季（稱為 Sats 活動）在 TGE 後立即開始。該活動旨在將比特幣 (BTC) 整合為 Ethena 的 USDe 穩定幣的支援資產。它將持續到 9 月 2 日，或直到 USDe 供應量達到 50 億美元。

Conclusion

結論

Ethena's successful Shard Campaign and upcoming TGE represent a major milestone in the project's journey. With strong market anticipation, immediate T1 CEX listings, and a well-defined token distribution and utility, ENA is poised to play a significant role in the evolving decentralized finance landscape. As the project continues to execute its ambitious roadmap, ENA holders can anticipate an active and rewarding governance process that will shape Ethena's future.

Ethena 成功的分片活動和即將推出的 TGE 代表了該專案旅程中的一個重要里程碑。憑藉強烈的市場預期、立即在 T1 CEX 上市以及明確的代幣分配和實用性，ENA 預計將在不斷發展的去中心化金融領域中發揮重要作用。隨著該計畫繼續執行其雄心勃勃的路線圖，ENA 持有者可以預見一個積極且有益的治理流程，這將塑造 Ethena 的未來。