The Ethereum Name Service launched earlier this week with the code ENS. governance The token reached a market cap of nearly $1 billion in two days.
Working similarly to Domain Name Service on the Ethereum blockchain, the open-source Ethereum Name Service provides its token. meeting certain conditions distributed to users via airdrop.
25% of ENS, which has a total supply of 100 million, October 31, 2021 ‘.eth’ record on the Ethereum network as of to accounts set aside for distribution.
According to Etherscan data, for now more than 45,400 14 million in circulation of Ethereum Name Service tokens held in the wallet; diluted market value $6.7 billion exceeds.
Before claiming the tokens, users who are eligible to participate in the Airdrop are prepared for the Ethereum Name Service. some articles of the constitution were asked to vote.
These items users with naming rights, with the incentive mechanism, with how the funds will be used and With integrations that ENS can establish became relevant.
Ethereum Name Service is one of those who want to be a delegate in the DAO it created. last week He started receiving applications. Although the US-based cryptocurrency company Coinbase has not listed ENS on the exchange, it has the governance of the Ethereum Name Service. took active participation.
The price of the ENS token, which fluctuated in the range of $ 20-40 on the day it entered the market, has exceeded $ 65 at the time of writing. ENS; Besides decentralized exchanges, OKEx is traded on major centralized exchanges such as Huobi Global and Binance as of 10:00 today.