The landscape of decentralized finance is continuously evolving, with innovative protocols emerging to address specific market needs. Among these, Huma Finance stands out as a pioneering lending protocol focused on tackling liquidity requirements within the trade finance sector. By leveraging blockchain technology, Huma Finance aims to deliver financial services that are more streamlined and accessible compared to traditional systems.
The project has garnered significant attention, particularly after securing substantial investment. Huma Finance successfully closed a Series A funding round of $38 million, reportedly concluding in September 2024. This capital, part of a total investment reaching $46.3 million into the protocol, is designated for advancing its payment financing platform, which incorporates tokenized real-world assets. The increased visibility following these funding milestones has positioned Huma Finance for its broader market debut.
Huma Finance Joins Binance Launchpool
Binance has announced that Huma Finance will be its 70th project to feature on the Launchpool platform, facilitating the initial distribution of its native token, HUMA, to the community. This campaign allows users to acquire a share of HUMA tokens even before their official listing on the exchange.
Key tokenomics and distribution details for HUMA on Launchpool:
- Total Token Emission: 10 billion HUMA tokens.
- Farming Allocation: 2.5% of the total supply is dedicated to farming rewards through Launchpool.
- Initial Circulating Supply: 17.33% of the total supply is designated for initial circulation.
The farming period is set to last for three days, during which a total of 250 million HUMA tokens will be distributed among participants. Daily, 83.3 million HUMA will be allocated, with specific breakdowns for each staking pool:
- BNB Pool: 70 million HUMA daily.
- FDUSD Pool: 4.16 million HUMA daily.
- USDC Pool: 8.3 million HUMA daily.
The official listing of the HUMA token on Binance is scheduled for May 26 at 16:00 Kyiv time.
How to Participate in Huma Finance Launchpool
Participation in the HUMA Launchpool is straightforward. The opportunity to join staking opens on May 23 at 3:00 (Kyiv time). Users can stake their BNB, FDUSD, and/or USDC to earn HUMA tokens. Balances are recorded hourly, and rewards are calculated based on these snapshots.
Steps to Stake:
- Navigate to the Launchpool section on the Binance platform.
- Select the Huma Finance campaign.
- Choose your preferred staking pool (BNB, FDUSD, or USDC).
- Click ‘Lock’ or ‘Stake’ and input the desired amount of assets to commit to the pool.
- Confirm the transaction.
Once the farming period concludes, the earned HUMA tokens will be automatically deposited into participants’ spot accounts.
Important Considerations for Participants
To maximize potential rewards, it is generally beneficial to join the farming campaign as early as possible. For those considering purchasing BNB specifically for this campaign, it’s crucial to be aware of the inherent risks associated with the volatility of cryptocurrency prices. For existing holders of BNB or other supported assets, participation primarily involves a temporary lock-up of liquidity for the duration of the campaign.
Key dates and duration:
- Staking begins: May 23, 3:00 (Kyiv time)
- Farming period: 3 days
- Staking ends: May 26, 3:00 (Kyiv time)
For further information about Huma Finance, you can visit their official X (formerly Twitter) page: X
Senior Crypto Correspondent with over 8 years of experience covering Bitcoin, altcoins, and blockchain technology for leading financial publications. Alexander holds a master’s degree in Financial Economics and specializes in in-depth market analysis, regulatory updates, and interviews with top industry figures.