On April 23rd, Binance announced the selection of Renzo (EZ), a liquid re-staking platform, as the 53rd Launchpool project.
Binance announced that it will list the new altcoin EZ with a “seed tag” on April 30th at 12:00 (UTC) with the trading pairs EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY.
Launchpool users will be able to farm for 6 days starting on April 24, according to the provided information. Users who want to earn EZ will need to stake BNB or FDUSD.
Launchpool will distribute 250 million of the 10 billion EZ as a reward. We will also release 1.05 billion EZ to the market first. There will be 2 different pools in the reward program, and 80% of the reward will be found in the BNB pool and 20% in the FDUSD pool.
BNB stakers will receive 212.5 million EZ shares, whereas FDUSD stakers will receive 37.5 million EZ shares.
Binance said that the web page will be ready in 5 hours.