{"id":163286,"date":"2024-03-18T13:58:51","date_gmt":"2024-03-18T13:58:51","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=163286"},"modified":"2024-03-18T13:59:11","modified_gmt":"2024-03-18T13:59:11","slug":"ethfi-token-surges-following-airdrop-and-binance-launchpad-distribution","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethfi-token-surges-following-airdrop-and-binance-launchpad-distribution\/","title":{"rendered":"ETHFI Token Surges Following Airdrop and Binance Launchpad Distribution"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">The launch of Ether.Fi&#8217;s <strong>ETHFI<\/strong> token generated great interest in the community; however, <strong>after the initial growth, it experienced a dip following its debut.<\/strong><\/li>\n<li style=\"text-align: justify\">Stakers who locked more than $12 billion on Binance Launchpad <strong>received 20 million ETHFI tokens. <\/strong><\/li>\n<li style=\"text-align: justify\"><strong>The initial supply is 115.2 million tokens<\/strong>. 55.76% of the total supply will be allocated to key contributors and investors.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>The launch of Ether.Fi&#8217;s ETHFI <a href=\"https:\/\/crypto-economy.com\/what-is-a-governance-token-all-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\">governance token<\/a> has sparked great interest<\/strong> in the community. <strong>Debuting at an initial price of $4.13,<\/strong> it was distributed through an airdrop and to participants in a Binance Launchpad round. However,<strong> after its debut, the price of ETHFI experienced a 20% decline.<\/strong><!--more--><\/p>\n<p style=\"text-align: justify\">During the launch process, <strong>stakers who locked more than $12 billion on Binance Launchpad received an allocation of 20 million ETHFI tokens<\/strong>. This reflects the incentive strategy used by Ether.Fi to encourage participation in its protocol and reward committed investors.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are excited to announce listings of ETHFI are live at the following exchanges:<a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@binance<\/a><a href=\"https:\/\/twitter.com\/okx?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@okx<\/a><a href=\"https:\/\/twitter.com\/Bullish?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Bullish<\/a><a href=\"https:\/\/twitter.com\/Bybit_Official?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Bybit_Official<\/a><a href=\"https:\/\/twitter.com\/kucoincom?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@kucoincom<\/a><a href=\"https:\/\/twitter.com\/bitgetglobal?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@bitgetglobal<\/a><a href=\"https:\/\/twitter.com\/HTX_Global?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@HTX_Global<\/a><a href=\"https:\/\/twitter.com\/gate_io?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@gate_io<\/a><a href=\"https:\/\/twitter.com\/MEXC_Official?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@MEXC_Official<\/a><\/p>\n<p>&mdash; ether.fi (@ether_fi) <a href=\"https:\/\/twitter.com\/ether_fi\/status\/1769695529561145461?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The initial circulating supply is 115.2 million tokens, with a maximum supply capped at one billion. Additionally, <strong>55.76% of the ETHFI supply was allocated to key contributors and investors<\/strong>, reflecting the token distribution among key participants in the project.<\/p>\n<p style=\"text-align: justify\">Despite the initial price drop of ETHFI, the platform has experienced a significant increase in its total value locked (TVL) in the last 30 days. According to DefiLlama<strong>, Ether.Fi&#8217;s TVL has increased by 117%, reaching nearly $3 billion in deposits<\/strong>. This suggests growing interest and confidence in the restaking protocol.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-80717\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/03\/etherfi-post-1.png\" alt=\"ETHFI post\" width=\"825\" height=\"300\" \/><\/p>\n<h2>ETHFI Holds Long-term Potential<\/h2>\n<p style=\"text-align: justify\">Restaking is a strategy used by those seeking additional returns from their assets. With <a href=\"https:\/\/www.ether.fi\/\" target=\"_blank\" rel=\"noopener\">Ether.Fi<\/a>, s<strong>takers receive a liquid restaking token (LRT) and loyalty points that can be converted into a token <a href=\"https:\/\/crypto-economy.com\/what-is-a-cryptocurrency-airdrop\/\" target=\"_blank\" rel=\"noopener\">airdrop<\/a><\/strong>, providing greater flexibility and additional benefits to protocol participants.<\/p>\n<p style=\"text-align: justify\">The price decline after its debut can be attributed to various factors,<strong> including inherent crypto market volatility and investors&#8217; initial reaction to the new token<\/strong>. However, the solid incentive structure and growth in its TVL <strong>suggest long-term potential for the protocol and its governance token.<\/strong><\/p>\n<p style=\"text-align: justify\">As Ether.Fi continues to develop and mature as a restaking platform, it will be interesting to observe how its token evolves and what impact it has on the broader DeFi ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The launch of Ether.Fi&#8217;s ETHFI token generated great interest in the community; however, after the initial growth, it experienced a dip following its debut. Stakers who locked more than $12 billion on Binance Launchpad received 20 million ETHFI tokens. The initial supply is 115.2 million tokens. 55.76% of the total supply will be allocated &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"ETHFI Token Surges Following Airdrop and Binance Launchpad Distribution\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ethfi-token-surges-following-airdrop-and-binance-launchpad-distribution\/#more-163286\" aria-label=\"More on ETHFI Token Surges Following Airdrop and Binance Launchpad Distribution\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":163287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9883,84,74],"tags":[4583,4601,4656,4679,5026],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163286"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=163286"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163286\/revisions"}],"predecessor-version":[{"id":163290,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163286\/revisions\/163290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/163287"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=163286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=163286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=163286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}