The cryptocurrency market continues to develop, and various decentralized exchanges (DEX) and liquidity networks are gradually emerging. Among them, THENA, as a decentralized exchange (DEX) and liquidity network built on the BNB chain and opBNB, has attracted widespread attention with its unique design concept and innovative Incentive Mechanism.
On November 29th, THENAj will launch The First. What kind of performance will it bring after its launch? Why did THENA attract market attention and even win the favor of CZ? Let's step into THENA's decentralized ecosystem together.
What is THENA?
THENA is a decentralized exchange (DEX) and liquidity network built on BNB Chain and opBNB. Its design aims to provide users with efficient trading experience and liquidity solutions. Through its unique Liquidity Incentive Mechanism and Token Governance Mechanism, THENA can optimize liquidity provision and transaction fee generation, solving the problems of uneven liquidity distribution and inefficiency in existing DEXs.
As the second phase of Binance's HODLer airdrop program, THENA was launched on The First on November 29, 2024. THENA not only received strong support from Binance, but also distributed veTHE tokens to users through airdrops, further promoting the construction of the community and ecosystem.
II. THENA Running Logic
THENA's operation revolves around three core mechanisms: measured voting, bribery market, and liquidity mining. The measured voting mechanism refers to Curve Finance's "voting escrow" model. Users obtain voting rights by converting $THE tokens into veTHE tokens. During each voting cycle, users can vote for different liquidity pools to determine the distribution of liquidity rewards. The liquidity pool with the most votes will receive more $THE token rewards, thereby achieving optimal resource allocation. At the same time, THENA's introduced bribery market allows the protocol to provide additional rewards to voting users to strive for more liquidity support, which effectively enhances the enthusiasm of customer engagement governance.
At the technical level, THENA's AMM mechanism has been optimized to not only support low-slippage trading of highly correlated assets, but also provide efficient liquidity allocation for non-correlated assets. This dual optimization ensures that users have the lowest cost in trading different assets. In addition, THENA adopts a decentralized governance architecture and enhances the decision-making ability of token holders in liquidity management through an improved ve (3,3) model. In addition, the on-chain Recommender system built in collaboration with Muon allows users to earn transaction fee sharing by sharing recommended links, further enhancing the platform's user stickiness and participation.
The team of THENA project is composed of a group of experienced blockchain and DeFi experts, whose backgrounds cover multiple fields such as liquidity mining, smart contract development, and cryptoeconomics. Before launching THENA, the team had successfully participated in multiple cryptocurrency projects and accumulated rich industry experience.
THENA's financing information is relatively confidential, but it is speculated that the project has received certain private investment support and recognition from well-known platforms such as Binance. These supports provide strong financial support for THENA's development and ensure its competitiveness in the DEX market.
THENA token distribution plan
The total supply of THENA token ($THE) is 206,863,770 THE, with a maximum supply of 326,120,291 THE. The token distribution plan aims to ensure the long-term development of the protocol and active community participation. The main distribution is as follows:
User Airdrop: 25% (12,500,000 THE)
Protocol Airdrop: 19% (9,500,000 THE)
Team allocation: 18% (9,000,000 THE)
Ecological Fund: 25% (12,500,000 THE)
TheNFT Holders Airdrop: 9% (4,500,000 THE)
Initial liquidity: 4% (2,000,000 coins)
Analysis of the future value of the $THE token
The value of $THE token will mainly depend on its application and demand in the THENA ecosystem. As THENA continues to develop, the size and trading volume of its liquidity pool will continue to increase, driving demand for $THE. In addition, the importance of tokens in protocol decision-making is increasing due to metered voting and decentralized governance, which may further increase the value of $THE.
In addition, THENA's Incentive Mechanism and efficient trading experience will attract more users and liquidity providers, which will help increase the platform's trading volume and revenue, thereby enhancing the market value of the token.
THE FIRST: How to Invest in $THE
With the rapid development of THENA, the $THE token has also been launched on multiple trading platforms. Among them, The First encrypted trading platform has opened the trading channel of $THE. Users can purchase $THE tokens through The First platform, participate in the construction of the THENA ecosystem, and obtain potential profits.
The advantage of The First platform lies in its efficient trading matching system and low-cost trading environment, which allows users to easily participate in the THENA project and manage their investments. The platform also provides real-time market data and investment advice to help users seize market opportunities.
Summary
THENA, as an innovative decentralized exchange and liquidity network, has attracted the attention of a large number of users and investors with its unique design concept and powerful Incentive Mechanism. With the continuous development of the THENA platform, the $THE token is expected to occupy an important position in the DeFi ecosystem, providing more opportunities for investors. Buying $THE on The First platform may be the best time to enter the THENA ecosystem and participate in this innovative project.
On November 29th, THENAj will launch The First. What kind of performance will it bring after its launch? Why did THENA attract market attention and even win the favor of CZ? Let's step into THENA's decentralized ecosystem together.
What is THENA?
THENA is a decentralized exchange (DEX) and liquidity network built on BNB Chain and opBNB. Its design aims to provide users with efficient trading experience and liquidity solutions. Through its unique Liquidity Incentive Mechanism and Token Governance Mechanism, THENA can optimize liquidity provision and transaction fee generation, solving the problems of uneven liquidity distribution and inefficiency in existing DEXs.
As the second phase of Binance's HODLer airdrop program, THENA was launched on The First on November 29, 2024. THENA not only received strong support from Binance, but also distributed veTHE tokens to users through airdrops, further promoting the construction of the community and ecosystem.
II. THENA Running Logic
THENA's operation revolves around three core mechanisms: measured voting, bribery market, and liquidity mining. The measured voting mechanism refers to Curve Finance's "voting escrow" model. Users obtain voting rights by converting $THE tokens into veTHE tokens. During each voting cycle, users can vote for different liquidity pools to determine the distribution of liquidity rewards. The liquidity pool with the most votes will receive more $THE token rewards, thereby achieving optimal resource allocation. At the same time, THENA's introduced bribery market allows the protocol to provide additional rewards to voting users to strive for more liquidity support, which effectively enhances the enthusiasm of customer engagement governance.
- Liquidity mining : By providing liquidity, users will receive rewards based on transaction fees and protocol emission rewards. The distribution of these rewards is determined by a metered voting system, ensuring that rewards are tied to market demand and trading volume.
- Measured Voting Mechanism : On THENA, agricultural incentives are determined through weighted voting. By converting $THE tokens to veTHE tokens, users can participate in voting to determine the reward emissions of each liquidity pool. The design of the voting system refers to Curve Finance's "voting custody" model, which can ensure that liquidity providers receive fair rewards based on market demand and liquidity conditions.
- Bribery Market : In THENA's voting mechanism, the agreement can gain support for its own mining pool by bribing the market. This allows the agreement to better attract liquidity in competition and ensure maximum benefits for all stakeholders.
At the technical level, THENA's AMM mechanism has been optimized to not only support low-slippage trading of highly correlated assets, but also provide efficient liquidity allocation for non-correlated assets. This dual optimization ensures that users have the lowest cost in trading different assets. In addition, THENA adopts a decentralized governance architecture and enhances the decision-making ability of token holders in liquidity management through an improved ve (3,3) model. In addition, the on-chain Recommender system built in collaboration with Muon allows users to earn transaction fee sharing by sharing recommended links, further enhancing the platform's user stickiness and participation.
- Decentralized Exchange (DEX) : As a decentralized exchange, THENA supports permissionless asset exchange, allowing users to trade directly without trusting a central authority. It leverages BNB chain and opBNB to provide a high-speed, low-cost trading experience.
- Solidly Model : THENA adopts the innovative design of the Solidly model, linking liquidity incentives to generated fees, rather than relying solely on liquidity provider incentives. This model makes the rewards of liquidity mining more efficient and can guide users to provide liquidity to the mining pool that is most likely to generate transaction fees.
- Decentralized Governance : THENA achieves decentralized governance through the veTHE token. Token holders can participate in the decision-making of the protocol, determine the allocation of liquidity incentives and other important protocol parameters.
- On-chain Recommender system : THENA also integrates an on-chain Recommender system built by Muon, where users can earn transaction shares by referring other customer engagement platforms and participate in weekly sweepstakes.
The team of THENA project is composed of a group of experienced blockchain and DeFi experts, whose backgrounds cover multiple fields such as liquidity mining, smart contract development, and cryptoeconomics. Before launching THENA, the team had successfully participated in multiple cryptocurrency projects and accumulated rich industry experience.
THENA's financing information is relatively confidential, but it is speculated that the project has received certain private investment support and recognition from well-known platforms such as Binance. These supports provide strong financial support for THENA's development and ensure its competitiveness in the DEX market.
THENA token distribution plan
The total supply of THENA token ($THE) is 206,863,770 THE, with a maximum supply of 326,120,291 THE. The token distribution plan aims to ensure the long-term development of the protocol and active community participation. The main distribution is as follows:
User Airdrop: 25% (12,500,000 THE)
Protocol Airdrop: 19% (9,500,000 THE)
Team allocation: 18% (9,000,000 THE)
Ecological Fund: 25% (12,500,000 THE)
TheNFT Holders Airdrop: 9% (4,500,000 THE)
Initial liquidity: 4% (2,000,000 coins)
Analysis of the future value of the $THE token
The value of $THE token will mainly depend on its application and demand in the THENA ecosystem. As THENA continues to develop, the size and trading volume of its liquidity pool will continue to increase, driving demand for $THE. In addition, the importance of tokens in protocol decision-making is increasing due to metered voting and decentralized governance, which may further increase the value of $THE.
In addition, THENA's Incentive Mechanism and efficient trading experience will attract more users and liquidity providers, which will help increase the platform's trading volume and revenue, thereby enhancing the market value of the token.
THE FIRST: How to Invest in $THE
With the rapid development of THENA, the $THE token has also been launched on multiple trading platforms. Among them, The First encrypted trading platform has opened the trading channel of $THE. Users can purchase $THE tokens through The First platform, participate in the construction of the THENA ecosystem, and obtain potential profits.
The advantage of The First platform lies in its efficient trading matching system and low-cost trading environment, which allows users to easily participate in the THENA project and manage their investments. The platform also provides real-time market data and investment advice to help users seize market opportunities.
Summary
THENA, as an innovative decentralized exchange and liquidity network, has attracted the attention of a large number of users and investors with its unique design concept and powerful Incentive Mechanism. With the continuous development of the THENA platform, the $THE token is expected to occupy an important position in the DeFi ecosystem, providing more opportunities for investors. Buying $THE on The First platform may be the best time to enter the THENA ecosystem and participate in this innovative project.
