Yesterday afternoon, Binance announced the second round of airdrops for BNB HODLers: @ThenaFi_. All users who use BNB to subscribe for regular and/or current products on the CoinBene platform between November 6 and November 14 will receive airdrops.
Affected by this, the price of $THE rose from 0.2U to 1.3U in a short period of time. Most of the group members, including me, basically took a look and then nothing happened. In the final analysis, I didn’t know much about this project and was a little afraid of the high increase. I didn’t expect it to continue to rise after the opening.
After reviewing the situation, we found that Binance actually gave two opportunities to get on board: the first was after the official announcement, when $THE briefly surged and then stabilized at around 1U, leaving enough time to buy before Binance opened; the second was after Binance opened, when you bought at around 1.3U, you could double your money quickly.
Of course, this is all later, and it is important to study this project seriously. For reference, Thena is an automated market maker based on BNB Chain, drawing inspiration from Solidly, creating a simpler liquidity acquisition process for new and existing protocols through capital-efficient liquidity guidance.
Unlike other VC projects that raise tens of millions of dollars, Thena does not have any high-end VC endorsement. Initially, it even raised $1 million from the community without the participation of VCs, and later received a strategic investment of $600,000 from Orbs Network.
It is such a project that originated from the community and deeply rooted in the community. By improving the ve(3,3) model, it has gained the support of more than 40 top protocols and created a total revenue of US$11.4 million for veTHE and theNFT holders in 2023 alone without any VC support.
Regarding why Thena was deployed on BNB Chain, Lianchuang said in an interview that BNB Chain has the largest active user group, and many OG-level figures believe that BNB Chain lacks outstanding DeFi projects and has a large market space.
As it turns out, they did it. Thena received strategic funding from BNB Chain in August this year for its contribution to the BNB Chain ecosystem. At that time, the price of $THE was only 0.2U.
Referring to the listing standards for small and medium-sized projects previously announced by Binance, it is not difficult to find that Thena is the most suitable project in recent times. It does not rely on VC endorsements or PUA to brush data, and finally won the listing on Binance, which is worthy of praise.
Finally, I want to say that there are various signs that Binance is really going to support BNB Chain, such as investing in the BNB Chain ecological project Kernel, launching $WHY and $CHEEMS contracts + $THE.
It is worth noting that cz also tweeted about the famous milk bnbchain at this delicate time point. Is the spring of bnbchain really coming?
