What is Ethernet Chain? Ethernity Chain is a blockchain project that integrates immutable token (NFT) and decentralized finance (DeFi). In this article, you can find answers to questions such as what is Ethernity Chain, what it offers, what is ERN coin, how to get it, what is it used for. As Kriptokoin.com, we have compiled it for our curious readers. Irreplaceable tokens (NFTs) dominated the blockchain space in 2021. This explosion in popularity of the NFT field has led to the emergence of many new projects in this field. Ethernity Chain is among the NFT projects that have made a name for themselves in this wind.
What is Ethereum Chain?
Founded and managed by Nick Rose Ntertsas, Ethernity Chain is a blockchain project that allows users to generate authenticated and immutable tokens (ANFTs). The project describes itself as a bridge integrating NFTs into the DeFi field. All NFT items in the project can be traded on-chain. The project has a native cryptocurrency called ERN coin.
The project aims to increase the adoption of NFTs and provide the opportunity to donate to artists. In this context, the platform allows NFT artists to donate their sales revenue to a charity of their choice. The platform, which is managed with a decentralized structure, also offers its users DeFi services such as staking and liquidity pools. Project in the past; It has received investments from major companies such as Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock and Genesis Block Ventures.
What is an ERN coin? What is it used for?
ERN coin is the native cryptocurrency of the Ethernity Chain platform. ERN is a token created with the ERC-20 smart contract on the Ethereum Blockchain. The token, whose maximum supply is limited to 30 million units, works as the governance token of the NFT platform. ERN holders can get voting rights in the decision-making processes that determine the future of the platform and submit proposals to the community for change. In addition, the token has various use cases within the network.
ERN coin, which has the staking feature, gives its holders the opportunity to make a profit. Users can earn additional token rewards at maturity by locking their ERN holdings with a certain maturity. The token acts as a tool to provide liquidity to ERN pools. The platform uses ERN as a payment method. Users can use the token as a payment method to buy or sell NFT and donate to charities with ERN. At the time of writing, ERN coin was the 447th largest cryptocurrency with a market cap of $85 million. In addition, 13.4 million ERNs were in circulation, accounting for 45% of the token’s maximum supply.
How to get ERN coins?
ERN coin currently; It is listed by crypto exchanges such as Binance, Coinbase, OKX, KuCoin, and Crypto.com. Investors interested in the Ethernity Chain project can become a member of one of these exchanges. Users who are fully registered members and deposit money into their wallets can purchase ERNs.
