Binance Announces the Altcoin It Chose for the 49th Launchpool Project! BNB Mobilized After the Announcement!

Binance Launchpool, the world's largest cryptocurrency exchange, announced the 49th project on its platform.

Binance stated that the new Launchpool project is ether.fi (ETHFI).

“Binance is excited to announce that ether.fi (ETHFI) is the 49th project on Binance Launchpool, the decentralized, non-custodial delegated staking protocol.

Users will be able to stake their BNB and FDUSD in separate pools to collect ETHFI tokens for four days starting 03.14.2024 00:00 (UTC).

Binance will then list ETHFI on 3/18/2024 at 12:00 (UTC) and begin trading with trading pairs ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY.

Seed Label will be applied to ETHFI.

Binance will be the first platform to list the token mentioned here and trading will start from: 18.03.2024 12:00 (UTC). Any claims that this token is available for sale before the stated timeline are false advertising. Please do your own research to ensure the safety of your funds!”

After the news, BNB price started to rise.

Introducing @ether_fi $ETHFI on #Binance Launchpool!

Farm $ETHFI by staking #BNB and $FDUSD.

➡️ https://t.co/2oxm5eZDSP pic.twitter.com/USkSFl2uw0

— Binance (@binance) March 12, 2024

*This is not investment advice.