#Binance Launchpool announces its 53rd project Renzo #REZ ❗️❗️

What is $REZ Token❓

Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem that secures Actively Validated Services (AVSs) and offers a higher return than ETH staking.

The protocol abstracts all complexity from the end user and enables easy collaboration between them and EigenLayer node operators.

Renzo strongly advocates for EigenLayer and its goal of facilitating permissionless innovation on Ethereum and programmatically gaining trust for the ecosystem. Renzo was built to encourage widespread adoption of Eigenlayer.

Users will be able to stake their BNB and FDUSD in separate pools to collect REZ tokens for six days, starting at 00:00 (UTC) on 24.04.2024.

🔶Listing

Binance will then list REZ on 4/30/2024 at 12:00 (UTC) and initiate trading with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY. The Seed Tag will be applied to the REZ.

🔶OMNI Launchpool Details:

✔️Token Name: Renzo (REZ)

✔️Maximum Token Supply: 10,000,000,000 REZ

✔️Launchpool Token Rewards: 250,000,000 REZ (2.5% of maximum token supply)

✔️Initial Circulating Supply: 1,050,000,000 REZ (10.50% of maximum token supply)

✔️Staking Conditions: KYC required

🔶Fixed Upper Limit Per User Hour:

147,569.44 REZ in BNB pool

26,041.67 REZ in FDUSD pool

🔶Supported Repositories:

Stake BNB (webpage will be available in approximately 5 hours): 212,500,000 REZ reward (85%)

Stake FDUSD (webpage will be available in approximately 5 hours): 37,500,000 REZ reward (15%)

Agricultural Period: From 24.04.2024 00:00 (UTC) to 29.04.2024 23:59 (UTC).

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