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Binance Unveils ENSO Tokenomics: HODLer Airdrop Rewards 1.75 Million Tokens, Total Supply at TGE is 100 Million

4 hours ago

On October 14th, according to the official announcement by Binance, the HODLer airdrop page indicates that the total supply of the Enso (ENSO) token (at TGE) is 1 billion ENSO. There is a maximum token supply of 127,339,703 ENSO (with an initial annual inflation rate of 8% that gradually declines monthly and reaches 0.35468% by the 10th year, at which point inflation stops). The HODLer airdrop token reward is 1.75 million ENSO (1.75% of the total supply of genesis tokens), and an additional 500,000 ENSO will be used for on-chain market promotion activities after listing. Another 1.75 million ENSO will be used for follow-up market promotion activities 6 months later. Specific arrangements will be announced separately. The circulating supply at the time of Binance listing is 20,590,000 (20.59% of the total supply of genesis tokens).
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Glassnode: The recent crypto market sell-off was a leverage-driven event and not a wholesale market "surrender."

On October 14th, Glassnode made a post on social media, stating, "During the recent sell-off in the crypto market, more than 90% of the Bitcoin supply remained in a profit state. Most of the losses were incurred by top buyers. In contrast to the FTX and Luna crashes where less than 65% of the supply was profitable, this sell-off was not a massive 'giving up' but rather a structurally distinct, leverage-driven event."

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Musk: Bitcoin is energy-based, fiat can be faked but energy cannot be faked

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In the past 1 hour, there has been a total of $142 million in liquidations across the entire network, with long positions being the primary contributors to the liquidations.

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