What is Etherity and All About ERN Cryptocurrency

• What is Etherity?
• Outstanding Features of Etherity
• Pros and cons of the Etherity project
• ERN . Cryptocurrency Trading Guide
• Conclude

Ethernity is a potential project in 2021. This platform has contributed to raising awareness of the community about NFT. Specifically, let's find out with TraderH4 through the article "What is Ethernity and all the information about ERN cryptocurrency" today!

What is Etherity?

The concept of Etherity

Ethernity is a digital platform that allows users to create NFTs or A-NFTs (Authenticated Non-fungible Tokens) in many fields such as football, movies, music, etc. Here, all NFTs All can trade, buy, sell, bid on the chain. 

And a special thing that makes Etherity different from other projects on the market today is that Ethereum is a charity project. Ethernity will become a bridge between artists and charities, 95% of the money raised through selling NFT will be transferred to the community of the less fortunate in society. The process is as follows:

Step 1 : The artist produces the work.

Step 2 : The system authenticates the work.

Step 3 : The project sets a floor price for the works.

Step 4 : The winner of the auction conducts Mint NFT.

Step 5 : Part of the auction money will be donated to charity. NFT owners can continue to put the work up for auction if they want.

Etherity is a charity project.

Etherity project development process

Ethernity was founded by longtime Crypto investor Nick Rose Ntertsas.

Ethernity was founded by Nick Rose Ntertsas.

Only launched in early 2021, but the Ethernity project has made outstanding marks in the market.

The Ethernity project has attracted the interest of many well-known individuals such as the Winklevoss twins - owners of the Gemini cryptocurrency exchange, football players Christian Vieri and Paolo Maldini, Michael Rubin - owner of the Philadelphia 76ers …

In March 2021, the project's first IDO was released on Polkastarter, attracting more than 160,000 participants. According to statistics, a total of 454,545 ERNs were distributed to 2580 token holders worldwide.

Read more: What is Polkastarter and how to use Polkastarter .

Outstanding Features of Etherity

Etherity possesses most of the features of a virtual reality platform based on the Ethereum Blockchain. Besides, the project also has other outstanding features.

Etherity Packs

Etherity Packs are the key application of the Ethernity ecosystem. It is structured as a random dial box containing a collection of NFTs selected by the issuer. This listing will be hidden until the time of purchase or auction. Users who seize the opportunity will buy rare and valuable NFTs.

Etherity Packs.

Bid tracking

All bids, data, engagement are tracked on-chain. The logs are public to ensure the credibility of the system.

Bid tracking.

Pros and cons of the Etherity project

Advantage

Ethernity is a special project with a noble community goal, thus receiving a lot of support from the public. In addition, Etherity also reduces the prejudice of society towards Crypto in general.

The Ethernity Ecosystem has strong relationships with major artists and crypto influencers, all with the common goal of bringing mainstream adoption to the NFT world. 

Etherity is highly collectible, the project owns unique works of art.

The platform always carefully moderates, minimizing the appearance of fraudulent objects, giving users confidence in the authenticity of an artist's work.

Defect

The combination of art, charity and NFT is a new step, so it will encounter many prejudices in different directions.

What you need to know about ERN . cryptocurrency

Functions of the ERN . cryptocurrency

Taking Reward : ERN cryptocurrency is used as a reward for users when Staking.

Farm Stones : Farming is a form of "savings" similar to Staking. The Ethernity ecosystem supports this Farming feature in ERN coins.

Auctions : In Ethernity, there will be special auctions that only the owner of the ERN has the right to participate in.

Governance : ERN holders will have the right to vote to change the parameters or features of the ecosystem.

Allocate ERN tokens

ERN tokens are allocated according to the following ratio:

• Reserves: 15%.
• Ecosystem Expansion: 6%.
• Partner: 8%.
• Development team and mentors: 20%.
• Floating Liquidity: 5%.
• Public Sale: 5%.
• Private Sale: 30.6%.
• Staking/Farming Rewards: 12%.

Allocate ERN tokens

Basic information about ERN token

• Price: $8.31 (updated price at the time of writing June 12, 2021)
• Market capitalization: $71 million
• Total supply: 30 million VND
• CoinMarketCap Rank Position: 338

ERN . Cryptocurrency User Manual

How to own ERN token

There are currently two ways to own ERN tokens:

• Staking : use ERN Staking and then receive an additional reward of ERN bonus.
• Buy on exchanges that support ERN trading.

How to store ERN . cryptocurrency

ERN tokens can be stored on the following wallets:

• Metamask
• Myetherwallet
• Trust Wallet
• Atomic Wallet
• The exchange's wallet supports ERN trading.

Exchanges that support ERN token trading

According to the latest update, the exchanges that support Trade ERN today include: Gate.io, Uniswap and Hoo.

Conclude

Ethernity becomes the top trading coin in the US in March 2021. The project has received interest from many notable names and one of them is skateboarding legend – Tony Hawk.

Ethernity is not only a platform to buy art in digital format, but part of all funds raised through the sale of NFT will go to charity. Understanding what Ethernity is, you will have a very different view of this project in particular as well as the current Blockchain-based technology platforms in general. Follow TraderH4 to learn more about similar projects!

Note: This article is for informational purposes only and should not be considered investment advice. Cryptocurrency investment is a risky form of investment, you only participate with the amount of capital that can be lost

• Traditional filmmaking model could be destroyed by DAO, NFT and DeFi
• Ethereum Dominates NFT Market With $8.5 Billion in Revenue in Q1 2022