What is Ethernity Chain (ERN)?

Ethernity Chain (ERN) is an NFT marketplace platform based on the Ethereum blockchain, distinguished by offering validated NFTs (Authentic NFTs - aNFTs). This platform combines the utility of DeFi with digital art to create unique value, especially in the field of collecting and trading NFTs associated with artists, celebrities, and cultural icons. It is also a charity-oriented project, where a portion of the revenue from NFT auctions is directed to charitable funds.

How Ethernity Chain works

Ethernity Chain uses blockchain technology to ensure transparency, security, and exclusivity of NFTs:

1. Create NFT: Artists create digital artworks.

2. Validation: The platform validates these artworks, ensuring ownership and uniqueness.

3. Auction: Rare NFT artworks are auctioned with limited quantity.

4. Mint NFT: The auction winner mints the NFT and owns the digital asset.

5. Charity: A portion of the revenue from auctions is donated to charitable funds.

6. Trading: Owners can buy and sell NFTs on Ethernity's marketplace.

Highlights of the project

1. Validated NFTs: aNFTs associated with the names of artists and cultural icons, ensuring intellectual property rights.

2. Deflationary model: 75% of ERN earned from transactions is locked in smart contracts for two years, helping to control inflation and create long-term value for the token.

3. DeFi integration: Users can participate in staking, providing liquidity, and farming STONES tokens in exchange for special NFTs.

4. Charity: This is one of the blockchain projects that combines charity through NFT revenue, adding social value.

Tokenomics of ERN

• Token Name: Ethernity Chain.

• Ticker: ERN.

• Blockchain: Ethereum (ERC-20).

• Total supply: 30,000,000 ERN.

• Circulating supply: 7,252,881 ERN.

Allocation:

• Private Sale: 30.64%.

• Development and advisory team: 20%.

• Staking/farming rewards: 12%.

• Strategic partners: 8%.

• Ecosystem development: 6%.

• Reserve fund: 15%.

• Floating liquidity: 5%

Real-world applications

1. Digital art collection: Buy, sell, and trade NFTs validated by the platform.

2. Charity: Supporting non-profit organizations through auctions.

3. Metaverse and gaming: Integrating NFTs into virtual worlds and online games.

4. Community incentives: Staking ERN to receive rewards and using STONES tokens to own exclusive NFTs.

How to use ERN token

• Buy NFT: Pay for NFTs on the marketplace.

• Staking: Receive ERN rewards or STONES tokens.

• Liquidity: Participate in providing liquidity on AMM platforms such as Uniswap.

• Governance: Participate in decisions that change the ecosystem.

Development team

The project was founded by Nick Rose, an experienced blockchain investor and activist. Ethernity Chain also collaborates with famous artists and organizations, creating sustainable cultural and artistic value.

Guide to buying ERN

1. Create a Binance account (or exchanges supporting ERN).

2. Deposit: Choose ETH or USDT.

3. Search $ERN : Place a buy order on the exchange.

4. Storage: Transfer ERN to ERC-20 supported wallets like MetaMask or Coin98 Wallet.

Conclusion

Ethernity Chain (ERN) is a promising project in the NFT and DeFi space, combining artistic value and blockchain application. With long-term goals and a deflationary model, ERN promises to be an attractive option for investors and art lovers.

Source: BLOGTIENAO - @Blog Tiền Ảo