Ethernity is a decentralized platform for auctioning, exchanging, and monetizing Non-Fungible Tokens (NFTs). It aims to make use of the potential of NFTs to bring influential brands in sports, culture, collectibles, and technology to the blockchain. NFTs are tokens that have their own distinct value and represent virtual items. They can be used to represent and prove ownership of digital or physical assets.
With Ethernity, users can auction off their NFTs in exchange for Ether (ETH), the cryptocurrency that powers the Ethereum blockchain. The proceeds of these auctions will then be donated to national and local charities chosen by the auction participants.
Ethernity’s decentralized platform will allow organizations, brands, and people to use the NFTs and the Ethereum blockchain, which will provide them with greater security and transparency regarding their transactions.
Who Are the Founders of Ethernity (ERN)?
Ethernity is the brainchild of Nick Rose Ntertsas. He is an environmentalist and crypto investor with extensive expertise in numerous financial projects, including his role as the chief digital officer at Global Wildlife Conservation and his work at the 10X Capital cryptocurrency fund. Ethernity is his most recent initiative, and it intends to use blockchain technology to bridge the gap between art, philanthropy, and cryptocurrency.
What is Ethernity (ERN) Used For?
The Ethernity Platform will serve as a platform for non-restricted, transparent, and audited trading of different NFTs. The platform aims to provide decentralized auction houses where users can buy and sell NFTs or donate them to charity. Nonprofit organizations looking to raise money through the blockchain will also be able to use the platform’s transferable, highly valuable assets.
ETR is the native token of the platform, which will be used by holders of NFTs as voting rights for certain decisions regarding the project’s future development. Holders of the Ethernity token can stake their ERN to farm NFTs or earn more ERN tokens as rewards.
Ethernity’s website provides a detailed description of the ETR, explaining how its holders will vote on decisions. Many notable projects use this type of governance system, which empowers token holders to make decisions that affect the future of their projects. In essence, every NFT holder has the ability to vote for and against certain proposals on the network. This means that users could have an equal say in what happens with their NFTs; they are not limited to donating them to charity when they wish, nor is there any limitation as to how much users can spend on auctions.
What is the Unique Point of Ethernity (ERN)?
This project has many unique qualities that distinguish it from other platforms. For example, it features in-platform charity auctions, which means users will be able to buy and sell NFTs on the platform and immediately donate their proceeds to charity organizations. This is because the platform aims to fund future development with auction profits. It also provides full transparency for all of its users, including those who hold no ETR tokens.
The creators of this platform have ensured that each NFT is backed by its own unique ID; this ensures that owners can prove ownership of their items should somebody else try to use or counterfeit them. This can be done through a smart contract that allows the owner to access and verify his or her NFT.
Ethernity leverages the power of popular brands in music, sports, and entertainment to achieve its objective of popularizing NFTs for charitable purposes.
This project relies heavily on smart contracts, which are often touted as one of the most useful features of blockchain technology. When utilized correctly, they can provide users with unprecedented security, transparency, and efficiency while making their transactions faster and safer than ever before.
How many Ethernity (ERN) Coins Are in Circulation?
The circulating supply of Ethernity is 5,824,975 tokens, with a maximum supply of 30,000,000 tokens. On March 8, it had its public IDO on the Polkastarter launchpad. It is an Ethereum token based on the ERC20 standard.
How is Ethernity Network Secured?
ETR is secured by the Proof-of-Stake consensus mechanism on the Ethereum blockchain that is characterized by basic staking and voting.
In addition, the platform is built using distributed ledger technologies, which ensure data security and decentralization. This ensures that all NFTs are tamper-proof because they are impossible to replicate or counterfeit.
How do I buy Ethernity (ERN) Coins?
ERN coins have gained popularity due to their utility on the Ethernity platform. As a result, it is now listed on well-known exchanges such as Uniswap, Gate.io, Hoo, and 1inch Exchange. It can be purchased through these exchanges by following the steps outlined below:
* Open an account with the crypto trading platform.
* Deposit the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy ERN tokens through your trading account.
Which Cryptocurrency Wallet Supports Ethernity (ERN)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Ethernity (ERN). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their ERN wallet because it offers a simple and interactive interface, making it easy for people to navigate its system.