Ethernity Chain
Crypto Overview
Project Overview
Ethernity Chain (ERN) is a blockchain platform focusing on authenticated NFTs and digital collectibles, launched in 2021. The platform collaborates with notable artists, athletes, and brands to create limited edition authenticated NFTs.
Intended Utility
The ERN token serves multiple purposes within the ecosystem: governance rights for token holders, staking to earn platform fees, purchasing NFTs on the platform, and accessing exclusive NFT drops. The platform aims to bring authenticated digital collectibles to the mainstream while supporting charitable causes through NFT sales.
Actual Utility Assessment
The platform has demonstrated real-world adoption through partnerships with recognized brands and personalities. The project has successfully launched multiple authenticated NFT collections and maintains active development. On-chain data shows consistent trading volume and user engagement with the platform's NFT marketplace.
Token Distribution and Governance
Initial token distribution allocated 40% to the public sale, 25% to the team and advisors (with vesting periods), 20% to the ecosystem fund, and 15% to liquidity provision. The team's tokens are subject to a 24-month vesting schedule with periodic unlocks, showing commitment to long-term development.
Development vs Marketing
The project maintains a balance between platform development and marketing efforts. Regular technical updates, platform improvements, and new feature implementations demonstrate ongoing development focus. Marketing activities primarily center around NFT drops and artist collaborations, which align with the core business model.
Crypto Impact
To assign a comfort level investing in Ethernity Chain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ethernity Chain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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