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THENA THE Price

$0.519

6.49%

$0.484

24h Range

$0.546

Market Cap

$28,635,821.0

Fully Diluted Valuation

$161,021,440.0

24 Hour Trading Vol

$25,744,051.0

Circulating Supply

55,131,121.6

Total Supply

242,370,455.7

Max Supply

310,000,000.0

Info

THE Price Statistics

THENA Price

$0.519

24h Range

$0.484 - $0.546

Percent Change 1h

-0.33%

Percent Change 24h

6.49%

Percent Change 7d

-23.01%

All-time high

$4.03

All-time low

$0.057

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About THENA

What is THENA (THE)?

THENA (THE) is a decentralized finance (DeFi) protocol designed to optimize liquidity and enhance trading efficiency on decentralized exchanges (DEXs). Utilizing an innovative automated market-making (AMM) mechanism, THENA facilitates seamless transactions between various cryptocurrencies while aiming to reduce slippage and improve capital efficiency. As of 2024, THENA has gained traction in the DeFi space, boasting a total value locked (TVL) of over $200 million across multiple chains, including Ethereum and Binance Smart Chain.

Who are the Founders of THENA?

The founders of THENA are a team of experienced blockchain developers and entrepreneurs. The core team includes individuals with backgrounds in finance, software engineering, and blockchain technology, although their specific identities are often kept confidential for privacy reasons. The founding team emphasizes community involvement and transparency, engaging users through governance mechanisms and regular updates on the protocol's development.

How does THENA Work?

THENA operates on a dual-token model, where users can trade the native token, THE, and a stablecoin-like token for liquidity provision. The protocol employs an AMM system that uses smart contracts to determine pricing based on supply and demand dynamics. Users can provide liquidity by depositing their assets into liquidity pools and earn rewards in the form of transaction fees and additional THE tokens. THENA also incorporates features like yield farming and staking, allowing users to maximize their returns. As of early 2024, THENA has integrated cross-chain capabilities, enabling users to trade assets across different blockchain networks seamlessly.

Top Use Cases of THENA

  • Liquidity Provision: Users can earn passive income by providing liquidity to various trading pairs.
  • Yield Farming: Participants can stake their assets to earn higher yields compared to traditional savings.
  • Token Swaps: THENA allows users to swap tokens with minimal slippage, enhancing trading efficiency.
  • Governance: THE token holders can participate in protocol governance, voting on critical decisions and upgrades.
  • Cross-Chain Trading: The protocol supports trading across multiple blockchains, increasing asset accessibility.

How to Keep your THENA Safe?

To ensure the safety of your THENA assets, follow these best practices:

  • Use Hardware Wallets: Store your THE tokens in a hardware wallet to protect against online threats.
  • Enable Two-Factor Authentication: Always enable 2FA on any accounts linked to your THENA holdings.
  • Regularly Update Software: Keep your wallets and any related software updated to defend against vulnerabilities.
  • Beware of Phishing Scams: Always verify URLs and avoid clicking on unsolicited links or emails.
  • Perform Smart Contract Audits: Only interact with audited smart contracts to minimize the risk of exploits.

How to Invest in THENA (THE)?

Investing in THENA (THE) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy THENA: Once your account is funded, you can purchase THENA directly from the exchange. Choose the desired amount and complete the transaction.

Investing in THENA (THE) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in THENA using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for THENA (THE) in the Long Term?

THENA (THE) is currently trading at $0.519 and exhibits good potential for future growth. Check the latest THENA (THE) price prediction.

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