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THENA Announcements THENA Announcements @thenafi · 2.25K subscribers
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Forwarded from Xermes

GM Thenians,

We have observed that recent alterations to the reported circulating supply and market capitalization of the $THE token on the Binance platform have caused confusion among our user base. Specifically, discrepancies between these figures on Binance and other data platforms have led to inquiries.

We wish to assure you that there have been no modifications to the $THE token's metrics on our end. The observed changes are attributable to Binance's implementation of a revised methodology for calculating these values. This adjustment, as detailed in their official announcement: https://www.binance.com/en/support/announcement/binance-updates-token-information-methodology-916b4a4a5e8a4e1bb8af0afff68fedcd, entails the inclusion of all emitted tokens within the circulating supply, without accounting for locked tokens. This methodological shift has resulted in a substantial, overnight increase in the reported circulating supply and market capitalization of $THE on Binance.

It is imperative to emphasize that locked tokens constitute a critical component of the revenue-sharing mechanism within ve(3,3) protocols, and are not merely dormant assets awaiting future release.

For accurate and up-to-date information regarding the $THE token supply, emission, and lock status, we direct you to the on-chain data available at: https://dune.com/0xkhmer/thena. This resource will confirm that no alterations to the $THE tokenomics have been implemented by our team.

We appreciate your understanding and continued support. Have a great weekend! 🎉
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