Ethernity ChainERN to INR

With the global entertainment and media market projected to reach $3.5 trillion by 2030, Ethernity Chain is positioned as the premier platform for global brands to transition their franchises onto the blockchain. 

Crafted through discussions with industry leaders, Ethernity Chain's Layer 2 solution boasts key features such as AI-enhanced security and DRM, easy integration with a plug-and-play toolkit, eco-friendly operations with reduced gas fees, and 100% EVM compatibility for seamless operations.

Brands can leverage the Ethernity product suite and plug-and-play toolkit to develop next-gen Web3 applications spanning web3 games, digital collectibles, RWAs, and interactive media. Exciting launches are on the horizon, including the FanableApp RWA marketplace, the Exorians sci-fi franchise and Web3 game, and numerous third-party applications by industry-leading teams. Get ready to experience the future of entertainment with Ethernity Chain!

What is the Ethernity Chain?

Ethernity Chain deals with limited authenticated NFTs from top artists and with endorsements from popular figures in the sporting and entertainment scene. Its vision is to raise funds for charitable causes while at the same time keeping NFT creators motivated. The charity offerings ride on the project’s for-profit status allowing it to design services for more users compared to non-profit-themed networks.

Apart from charity, it provides a crucial connection between non-fungible tokens and the wider DeFi industry. Consequently, it enables increased access to rare and collectible virtual artworks designed by reputable artists and features respected public figures. Notably, featured celebrities must approve the NFTs using a digital signature, known as aNFTs.

What Are aNFTs?

aNFTs are authenticated non-fungible tokens- a unique creation of the Ethernity Chain. They are authenticated by the creator so that purchasers or traders know it is officially endorsed by them.

Users can buy these aNFTs using Ethernity Chain’s native token, known as ERN. ERN can be purchased on the market or earned when users LP stake and earn ERN and use these rewards to purchase aNFTs.

What Are the Use Cases of Ethernity Chain?

• Low Gas Fees

Experience nearly negligible gas fees, making transactions cost-effective and accessible to all users

• Purposefully Built for Entertainment

Ethernity Chain is purposefully built with tech to bring global entertainment franchises on-chain.

• Next-Gen AI DRM Control

Ethernity Chain is equipped with an advanced AI engine to prevent counterfeit assets from being traded, protecting users and brands.

• Plug and Play Toolkit

Provides brands and creators with no-code tools to quickly ramp up tokens, storefronts, and other applications.

• Carbon Neutral Network

Ethernity is leading the way toward a more responsible and sustainable blockchain infrastructure.

• Ethernity Chain ($ERN) Staking and Rewards

Ethernity Chain runs a staking program for liquidity providers. However, the rewards go to those who choose to interact with the ERN/ETH pair on Uniswap. Staking has a lockup period of 30 days, after which the pool is restarted. The annual percentage yield (APY) for staking fluctuates between 100 and 300% and has a monthly payment plan.

How the ERN Staking Process Works?

First, deposit tokens in Uniswap’s V2 ERN/ETH pair. In return, the decentralized exchange (DEX) issues LP tokens equivalent to your stake in the pool.

Next, access the staking option on Ethernity and connect your wallet address that holds the assigned LP tokens. Then, approve and lock the tokens into the staking contract known as the Liquidity Reward Program. Note that Ethernity Chain ties the unstaking event with claiming ERN. As such, unstaking automatically claims the native asset. Staking rewards are calculated by dividing the amount of LP tokens a staker has in the contract by the total amount of LP tokens padlocked in the staking contract.

Ethernity Chain ($ERN) Tokenomics

The total ERN supply is 30 million tokens. Token distribution includes team/advisors (20%), partnerships (8%), expansion (6%), staking/rewards (12%), and reserves (15%). Also, there’s a 30.6% allocation to private price sales, 3.33% to a public initial digital offering (IDO), and 5% to liquidity. However, some of the allocations have different freeze and unlock times. For example, the private sale has a two-month vesting period, while distribution to partnerships has a 14-month vesting time.

Ethernity Chain Strategic Partnerships and Investments

Ethernity has its eyes set on interacting with the larger cryptocurrency industry. As such, it has inked notable partnerships with major firms building different products. For example, the protocol partnered with Kenetic, a reputable global blockchain-focused firm working to drive the adoption of decentralized protocols by offering investments, technology, tech, and advisory services. Kenetic’s managing partner, Jehan Chu, believes “NFTs are the true missing link between online and offline objects.”

They have also partnered with Chainlink by integrating Chainlink’s Oracle solution to secure the minting and pricing of aNFTs. Another notable partnership is with Terra Virtua, an inter-blockchain NFT protocol. Terra Virtua, through its Terra Virtua Kolect platform, provides a tailor-made marketplace for NFT collectors and creators on the web, mobile, and PC environments.

Conclusion

Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Moreover, its prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing digital coins on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.