Ethernity Chain
Crypto Overview
Overview
Ethernity Chain is a platform that aims to bring authenticated NFTs and digital collectibles to the blockchain ecosystem. The ERN token serves as the native currency of the platform, used for purchasing NFTs, participating in staking, and governance.
Intended Utility
The primary purpose of ERN is to facilitate transactions within the Ethernity ecosystem, particularly for buying and selling authenticated NFTs. The platform specializes in offering limited edition authenticated NFTs, often featuring notable personalities and brands.
Actual Utility
The token is actively used for its intended purposes, primarily in NFT transactions and platform governance. The platform has successfully launched multiple authenticated NFT collections and maintains partnerships with various celebrities, athletes, and brands.
Business Model Analysis
The platform generates revenue through NFT sales, with a portion of proceeds often going to charitable causes. The business model is transparent and doesn't involve any inherently prohibited activities.
Token Distribution and Governance
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The project maintains active development and regular platform updates.
Technology and Operations
The platform operates on the Ethereum blockchain, utilizing smart contracts for NFT authenticity verification and transactions. There are no interest-bearing mechanisms or lending features in the core protocol.
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”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.