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Ethereum-name-service

ENS

Ethereum Name Service

ENS

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₹1,313.34

LIVE

24H Low ₹1,292.99

24H High ₹1,427.50

Price of ENS today

The current live price of ENS today is ₹1,313.34, with a 24-hour trading volume of ₹5,88,96,95,926.71. Our ENS to INR price is updated in real-time. ENS has seen a decrease of -6.70% in the last 24 hours. With a live market cap of ₹44,01,83,27,127.56 , the circulating supply is at 33,565,427 ENS coins, with a maximum supply of 100,000,000ENS coins.

Ethereum Name Service Price History

Date ComparisonAmount Change% Change
Today-₹80.54

5.74%

7 Days-₹172.57

11.61%

30 Days-₹178.77

11.98%

1 Year₹534.54

68.64%

Ethereum Name Service Price Information

Price Change (1hr)

6.43%

Price Change (24hr)

5.74%

Price Change (7d)

11.61%

Ethereum Name Service Market Stats

Market Cap

₹44,01,83,27,127.56

Fully Diluted Market Cap

₹1,31,14,18,66,528.32

24hr Volume

₹5,88,96,95,926.71

20.36%

Circulating Supply

33565426.73 ENS

Total Supply

100000000 ENS

Things to know about Ethereum Name Service

What is the Ethereum Name Service (ENS) Token?

  • ENS is a distributed, open, and extensible naming system on the Ethereum blockchain that links human-readable names with machine-readable identifiers.

  • It supports ‘reverse resolution,’ enabling metadata association with Ethereum addresses.

Tokenomics

  • The total supply of ENS tokens is capped at 100 million, enhancing governance within the ENS Decentralised Autonomous Organisation (DAO).

  • Distribution includes 25% for ETH address registrants via airdrop, 25% to contributors, and 50% reserved for the DAO treasury.

Market Data

As of today 05 November 2024, the price of Ethereum Name Service is ₹1,313.34 INR, with a 24-hour trading volume of 66550236.46 USD. The market capitalisation for Ethereum Name Service is 497382227.43USD. The circulating supply is 33565426.73 Ethereum Name Service, with the total supply also being 100000000 Ethereum Name Service.

Token Pros and Cons

Pros:

  • Decentralisation:

  • ENS offers a decentralised alternative to the traditional DNS system, enhancing security and censorship resistance.

  • Governance:

  • ENS token holders can participate in the governance of the ENS DAO, influencing the future direction of the protocol.

  • Interoperability:

  • ENS is built on Ethereum but can work across different blockchains.

Cons:

  • Market Volatility:

  • Like many cryptocurrencies, ENS is subject to high market volatility.

  • Privacy Concerns:

  • The public nature of blockchain can potentially reveal wallet balances and transactions.

Why Should You Invest in the Coin?

  • Investing in ENS is attractive for its potential to simplify Ethereum web usability and accessibility, alongside its governance model and growth prospects with blockchain and decentralised applications.

USP of the Coin

  • ENS’s unique selling proposition lies in replacing complex Ethereum addresses with readable names, simplifying blockchain transactions and minimising errors.

Problem the Coin is Solving

  • ENS tackles the issue of user-friendliness in blockchain by replacing hexadecimal addresses with memorable names, easing transactions within the Ethereum network.

Founder and Team Background

  • Launched in May 2017 by Nick Johnson, ENS was developed by a New Zealander with extensive experience in software engineering within the Ethereum ecosystem.

ICO Price

  • The ENS token was airdropped on November 8, 2021, to holders of an ENS domain name registered before October 31, 2021, without a traditional ICO.

Risks Associated in Investing in the Coin

  • ENS investment risks include market volatility, regulatory changes, and the success dependency on Ethereum blockchain adoption and growth.

Whitepaper Insights

The Ethereum Name Service (ENS) whitepaper outlines the protocol’s design and functionality as a decentralised naming system built on the Ethereum blockchain. ENS aims to improve the user experience in the Ethereum ecosystem by mapping human-readable names to machine-readable identifiers, such as Ethereum addresses and content hashes. This system not only simplifies transactions by allowing users to send and receive tokens using easy-to-remember names but also enhances security by reducing the risk of errors in entering long addresses.

ENS operates through a system of smart contracts, with the ENS registry at its core. This registry maintains a record of all domain names and their associated resolvers and owners. The resolver component translates human-readable names into machine-readable addresses, while the ownership model ensures that domain names are controlled by their rightful owners.

The governance of ENS is managed by the ENS DAO, which uses the ENS token for voting on proposals related to the protocol’s development and management. The DAO structure allows ENS token holders to participate in decision-making processes, ensuring that the development of ENS aligns with the community’s interests.

The whitepaper also discusses the technical aspects of ENS, including the registration process for domain names, the architecture of smart contracts, and the mechanisms for resolving and reverse-resolving names. It highlights the protocol’s extensibility, allowing for the integration of new features and improvements over time.

In summary, the ENS whitepaper presents a comprehensive overview of the protocol’s objectives, technical foundation, and governance model. It emphasises ENS’s role in making the Ethereum ecosystem more accessible and user-friendly, while also providing a framework for decentralised governance and community participation.

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Price as per 12:21 AM • 05 Nov 2024

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What is the price of Ethereum Name Service (ENS)?

The current price of Ethereum Name Service (ENS) in INR is ₹1,313.34 INR.

What is the current ENS market cap?

The current market capitalization of Ethereum Name Service (ENS) is ₹44,01,83,27,127.56 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of ENS by the number of coins in circulation.

What is the current supply of Ethereum Name Service (ENS)?

The current supply of Ethereum Name Service (ENS) is 33565426.73 ENS. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Ethereum Name Service (ENS)?

The 24-hour trading volume of Ethereum Name Service (ENS) in INR is ₹5,88,96,95,926.71. This figure represents the total value of all ENS transactions across various exchanges within the last 24 hours.

How to Buy Ethereum Name Service (ENS) in India?

To buy Ethereum Name Service (ENS) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in ENS.

Can I buy Ethereum Name Service (ENS) with UPI?

Yes, you can buy Ethereum Name Service (ENS) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Ethereum Name Service (ENS) to Indian Rupee (INR)?

To convert Ethereum Name Service (ENS) to Indian Rupee (INR), you can use our ENS/INR conversion rates in real time.

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