Binance Has Selected Huma Finance as the Latest Project to Debut on Its Launchpool

Binance has selected Huma Finance as the latest project to debut on its Launchpool, introducing a decentralized platform focused on enabling instant

Binance is introducing Huma Finance, a decentralized platform aiming to enable instant liquidity for digital payments and global transactions, as the latest project for its Launchpool.

Starting on May 23 at 03:00 UTC, users can farm HUMA tokens by staking BNB, FDUSD, or USDC for three days. Token farming has hourly allocation limits per user based on the asset pool, and KYC verification is mandatory. The project’s website will be available about 12 hours before Launchpool goes live.

Huma Finance is being launched on BNB Smart Chain and will later be deployed on Solana. At launch, the platform will distribute 250 million HUMA, or 2.5% of the 10 billion total supply, through Launchpool rewards. At listing, the circulating supply will be about 17.3%.

See related article: Binance to Launch New Token in Its Launchpool Program, Focused on Global Payments and Transactions

HUMA trading will begin on May 26 at 16:00 UTC with five pairs: HUMA/USDT, HUMA/USDC, HUMA/BNB, HUMA/FDUSD, and HUMA/TRY. The token will carry Binance’s “Seed Tag” and receive temporary access through Binance Alpha, which will end once spot trading starts.

To further boost engagement post-launch, Binance has allocated an additional 90 million HUMA for future marketing campaigns.

The project’s token farming will conclude on May 26 at 03:00 UTC, while the token listing is scheduled for May 26 at 16:00 UTC.

Huma Finance is a cross-border payments and DeFi platform that offers instant liquidity and micro-payment solutions using blockchain technology. The platform aims to provide a seamless and efficient way for users to send and receive cryptocurrency payments anywhere in the world.

Binance Launchpool is a program that allows users to farm new tokens by staking existing tokens in a limited-time program. The program is designed to introduce promising blockchain projects to the Binance community and provide users with an opportunity to earn new tokens.

The introduction of Huma Finance follows the successful launch of BTCZ on Binance Launchpool earlier this year. BTCZ, a Bitcoin-focused privacy coin, was launched on Launchpool in February and quickly gained popularity among crypto users.

Binance is constantly seeking out new and interesting projects to add to its Launchpool program. The program has become a key part of Binance’s efforts to support the development of the blockchain ecosystem.

As part of its broader strategy, Binance has been making a push into the European market with new banking partnerships, aiming to provide enhanced services to its users in the region.

The platform is also planning to introduce a new token in its Launchpool program. This token, focused on global payments and transactions, will be available for farming starting May 23.

This new token offering follows the recent launch of BTCZ on Launchpool earlier this year.

The BTCZ token, a Bitcoin-focused privacy coin, was launched on Launchpool in February and saw strong demand from users, leading to a rapid sell-out.

The upcoming token is designed to offer users a seamless and efficient way to send and receive cryptocurrency payments anywhere in the world. It will also be integrated with Huma Finance’s decentralized banking services, providing users with access to a wide range of financial products and services.

This initiative aligns with Binance's broader strategy to expand its offerings and provide innovative solutions to its users.

It also comes as Binance seeks to deepen its presence in the European market with new banking partnerships to provide enhanced services to its users in the region.

Earlier this year, Binance announced partnerships with Swiss private bank BHB Bank and German neobank Vivid Money to offer banking services such as payment accounts, transaction processing, and payment cards in Europe.

These partnerships are part of Binance’s broader strategy to provide its users with a seamless and integrated financial experience.

The integration of Huma Finance’s technology could open up new possibilities for instant and efficient cross-border payments, further enhancing Binance’s ecosystem and catering to the evolving needs of today’s global financial markets.

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