Binance Launchpool Renzo (REZ) - Farm REZ by Staking BNB and FDUSD

Attention: It’s crucial to note that Binance will lead the way in listing the mentioned token, with trading slated to commence on 2024-04-30 12:00 (UTC). Any assertions suggesting the availability of this token for sale before the specified timeline are considered misleading. We urge you to conduct thorough research to safeguard your funds.

Exciting news! Binance proudly unveils its 53rd project on Binance Launchpool - Renzo (REZ), introducing a dynamic restaking protocol. The webpage is anticipated to go live in 5 hours, just before the Launchpool kicks off.

During the six-day period starting from 2024-04-24 00:00 (UTC), users can stake their BNB and FDUSD in separate pools to farm REZ tokens.

Listing: Subsequently, Binance will list REZ on 2024-04-30 12:00 (UTC), initiating trading with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY trading pairs. REZ will be tagged with the Seed Tag.

REZ Launchpool Details:

• Token Name: Renzo (REZ)
• Max Token Supply: 10,000,000,000 REZ
• Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)
• Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)
• Smart Contract Details: Ethereum
• Staking Terms: KYC required
• Hourly Hard Cap per User:
  • 147,569.44 REZ in BNB pool
  • 26,041.67 REZ in FDUSD pool

• Stake BNB: 212,500,000 REZ in rewards (85%)
• Stake FDUSD: 37,500,000 REZ in rewards (15%)
• Farming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).

 REZ Farming Accumulation

• Renzo Website
• Whitepaper
• X

Please take note of the following:

• Hourly snapshots of user balances and total pool balances will be captured multiple times throughout each hour to determine users’ hourly average balances and calculate rewards. User rewards will be updated on an hourly basis.
• Users can accumulate their rewards, which are calculated hourly, and claim them directly to their spot accounts at any time.
• The annual percentage yield (APY) and total pool balance of each pool will be updated in real-time.
• Tokens can only be staked in one pool at a time. For instance, User A cannot stake the same BNB in two different pools simultaneously, but they can allocate 50% of their BNB to pool A and 50% to pool B.
• Users have the flexibility to unstake their funds at any time without delay and participate in other available pools immediately.
• Tokens staked in each pool and any unclaimed rewards will be automatically transferred to users’ spot accounts at the end of each farming period.
• The Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in these products will automatically participate in the Launchpool and receive new token rewards.
• In the event of multiple concurrent Launchpool projects, users’ BNB assets in BNB Vault and Locked Products will be evenly split and allocated to each project unless otherwise specified.
• BNB Vault assets serving as collateral for Binance Loans (Flexible Rate) are not eligible for Launchpool rewards.
• BNB staked in the Launchpool will still grant users the standard benefits associated with holding BNB, including airdrops, Launchpad eligibility, and VIP benefits.

Participation in the Launchpool is contingent upon meeting eligibility criteria based on the user’s country or region of residence. Please consult the instructions provided on the Launchpool page for further guidance.

Please be aware that the list of countries excluded from participation, as outlined below, is not exhaustive and may undergo revisions due to evolving local laws, regulations, or other factors. Users must complete account verification and reside in an eligible jurisdiction to engage in REZ farming.

Currently, individuals residing in the following countries or regions are ineligible to participate in REZ farming: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.

This list may be periodically updated to accommodate changes in legal, regulatory, or other circumstances.