Ethernity Chain

Ethernity (ERN) is a blockchain-based platform that leverages the growing popularity of non-fungible tokens (NFTs). It positions itself as a decentralized finance (DeFi) crossover project featuring authenticated NFTs. Ethernity aims to create a comprehensive ecosystem where NFTs can be bought, sold, and traded on-chain, fostering a community-oriented environment. The platform is designed to produce limited edition authenticated NFTs and trading cards created by renowned artists and endorsed by notable figures, all built on the Ethereum Network.

• Platform:

• Ethereum (ERC-20)

• Total Supply:

• 30,000,000 ERN

• Usage:

• Payment for NFTs, staking, farming NFTs, governance

• Allocation:

• Founders, Seed, Private Presale, Public Sale, Staking, Marketing, Company reserves

As of today #{today’s date}, the price of Ethernity Chain is ₹214.88 INR or 2.323 USD, with a 24-hour trading volume of 1592250.39 USD. The market capitalization for Ethernity Chain is 47769562.79USD. The circulating supply is 20577762.01 Ethernity Chain, with the total supply also being 30000000 Ethernity Chain.

Pros:

• NFT and DeFi Integration:

• ERN uniquely combines NFT marketplace functionalities with DeFi features.

• Community Governance:

• Token holders can participate in governance decisions, influencing the platform’s direction.

• Limited Edition NFTs:

• Collaborations with celebrities and artists create high-value, limited edition NFTs.

• Charitable Causes:

• A portion of proceeds from NFT sales is dedicated to charitable causes.

• Staking Rewards:

• Offers staking mechanisms for earning rewards and farming rare NFTs.

Cons:

• Market Volatility:

• As with all cryptocurrencies, ERN is subject to market fluctuations.

• Regulatory Uncertainty:

• The evolving regulatory landscape for cryptocurrencies and NFTs could impact ERN.

• Competition:

• The NFT marketplace is becoming increasingly crowded, posing a challenge for differentiation.

• Technical Risks:

• Smart contract vulnerabilities or platform bugs could compromise user assets.

• Liquidity Concerns:

• Depending on the exchange, ERN liquidity can vary, potentially affecting trading strategies.

• Innovative NFT Platform:

• Ethernity’s focus on authenticated NFTs offers a unique value proposition.

• Celebrity Endorsements:

• Partnerships with well-known figures can drive demand and increase token value.

• Active Community:

• A strong community and governance model can lead to sustained growth and innovation.

• DeFi Features:

• Staking and farming capabilities provide additional incentives for token holders.

• Charitable Impact:

• Investing in ERN supports charitable initiatives, aligning financial goals with social impact.

• Authenticated NFTs:

• Ethernity specializes in producing verified NFTs, ensuring authenticity and rarity.

• Celebrity Collaborations:

• Unique partnerships with celebrities and artists differentiate ERN from other NFT platforms.

• Community Focus:

• A strong emphasis on community governance and rewards fosters a loyal user base.

Ethernity addresses the lack of authenticity and verification in the NFT market by providing a platform for authenticated, limited edition NFTs. It also aims to democratize access to high-value NFTs through its unique farming and staking mechanisms, making it easier for average users to participate in the NFT space.

Ethernity was founded by Nick Rose Ntertsas, an early Bitcoin investor with a background in launching hospitality businesses and the 10X Capital cryptocurrency fund. The team comprises individuals with extensive experience in blockchain, finance, and digital art.

• IDO Price:

• $0.275

• Listing Date:

• March 8, 2021

• Initial Allocated Units:

• The initial allocation of the Ethernity Chain (ERN) token was structured as follows:

• Total Supply:

• 30 million ERN tokens.

• Allocations:

• Private Sale:

• 30.6% of the total supply.

• Public Sale (IDO):

• 3.33% of the total supply.

• Liquidity:

• 5% of the total supply.

• Team/Advisors:

• 20% of the total supply.

• Partnerships:

• 8% of the total supply.

• Expansion:

• 6% of the total supply.

• Staking/Rewards:

• 12% of the total supply.

• Reserves:

• 15% of the total supply.

Additionally, it is important to note that some of these allocations had different vesting periods.

• NFT Market Risks:

• The NFT market’s novelty and rapid changes pose investment risks.

• Platform Adoption:

• Failure to attract artists and buyers could impact ERN’s value.

• Technical Vulnerabilities:

• Potential for smart contract flaws or security breaches.

• Regulatory Risks:

• Changes in cryptocurrency and NFT regulations could affect operations.

• Competition:

• Intense competition in the NFT space could hinder growth and adoption.

The Ethernity whitepaper outlines the project’s vision to revolutionize the cloud computing infrastructure, aiming to create an environment where user data is hosted on a wide range of systems in an encrypted and anonymous manner. This decentralized approach seeks to eliminate central points of failure and trust issues associated with traditional cloud services. Ethernity CLOUD users can act as both service buyers and providers, offering their spare hardware for rent. This allows for a sustainable model where users can recover costs and potentially profit from participating in the ecosystem.

The whitepaper details the tokenomics of the Ethernity CLOUD Tokens (ETNY), including the total supply, distribution percentages, and the mechanisms for token burning and staking rewards. It emphasizes the importance of decentralized confidential computing and the role of the Ethernity CLOUD in ensuring data privacy and security.

Furthermore, the document outlines the roadmap, highlighting key milestones such as the mainnet launch, SDK release, and the introduction of decentralized DNS. The whitepaper positions Ethernity CLOUD as a crucial tool for freedom of speech and high availability of online resources, aiming to overcome the limitations of traditional cloud storage solutions.

In summary, the Ethernity whitepaper presents a comprehensive plan for a decentralized cloud computing platform that leverages blockchain technology to offer secure, private, and continuous online services. It showcases the project’s commitment to innovation, data privacy, and the democratization of cloud computing.