Ether.Fi's Token Debuts at $4.13 After Airdrop and Binance Launchpad Distribution
ETHFI, the governance token of Ether.Fi, debuted at $4.13 and was trading at $4.10 on Binance with a trading volume of over $2 million in the first five minutes. The token had a fully diluted value of $4.13 billion. More than $2 billion worth of the FDUSD stablecoin and 17.3 million BNB ($10 billion) were staked on the Binance Launchpad, with stakers receiving an allocation of ETHFI relative to their stake. The max supply of ETHFI is capped at one billion, with 20 million tokens allocated to the Binance Launchpad and 60 million tokens set aside for the first season of the token airdrop. An additional 50 million tokens will be distributed after the second season. Investors will receive 32.5% of the token’s total supply over two years, while core contributors will receive 23.26% over three years. The initial circulating supply will be 115.2 million tokens. Ether.Fi's total value locked (TVL) has surged 117% in the last 30 days with total deposits nearing $3 billion.
