Bitcoin
BTC$16 558.36

0.45%

Ethereum
ETH$1 217.17

0.70%

Tether
USDT$0.999575

0%

Binance Coin
BNB$311.33

-0.46%

USD Coin
USDC$1.000229

0.01%

Binance USD
BUSD$1.000555

0%

Ethereum Name Service’s new token already has a fully diluted cap of $3.1B


09 Nov 2021

#Ethereum

Ethereum Name Service’s freshly airdropped governance token, ENS, is the talk of the town on Tuesday. The Ethereum Name Service (ENS) launched its governance token, ENS, on Monday, which will be used to further the decentralization of the popular domain service for Ethereum wallets. The official announcement on Mirror from Ethereum Name Service states that the ENS token will be used to vote on a proposed constitution and govern protocol parameters. The first issues holders can vote on in the new ENS decentralized autonomous organization (DAO) are the price oracle and how to allocate existing and future community treasury funds.

Ethereum wallet users who have created an ENS domain in the past are eligible to claim ENS tokens from the claims site until May 4, 2022. Unclaimed tokens will be sent to the DAO treasury. An ENS domain maps easy-to-read names that end in .eth (like “alice.eth”) onto Ethereum addresses.

One-quarter of the entire ENS supply was made available to .eth domain holders to claim in total. Each wallet received a varying quantity of ENS based on how long it has held its domain, the expiry date, and whether it has set a Primary ENS. At the time of writing, crypto data aggregator CoinGecko estimates ENS to rank as the 313th-largest crypto asset with a market capitalization of $235 million and a whopping fully diluted valuation of $3.16 billion. The token has experienced extreme price volatility and nine-figure trade volume, last change hands at $31.53 for a 75% daily gain as of this writing. SushiSwap has moved to incentivize users to provide liquidity to its WETH/ENS pool, offering SUSHI rewards to farmers.


Related

Ether staking withdrawal schedule removal faces harsh criticism
Ether staking withdrawal schedule removal faces harsh criticism
NFTs are the key to turning passive fandom into an active community
NFTs are the key to turning passive fandom into an active community
Bored Apes founders propose new model for NFT creator royalties
Bored Apes founders propose new model for NFT creator royalties
Bitcoin and Ethereum: The Price of Bitcoin Struggles
Bitcoin and Ethereum: The Price of Bitcoin Struggles
Ethereum is trading near $1300
Ethereum is trading near $1300
Cryptocurrencies need a driver
Cryptocurrencies need a driver
Ethereum is gaining 3.5% overnight to $1330
Ethereum is gaining 3.5% overnight to $1330
ETH After the Merge: Fall Instead of Growth
ETH After the Merge: Fall Instead of Growth
Ethereum Merge to swamp other coins with miners
Ethereum Merge to swamp other coins with miners

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 58.8% 88 $16 558.36 0.45% -0.06% $318 224 628 305 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 58.4% 86 $1 217.17 0.70% 3.57% $148 949 221 820 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.999575 0% 0.06% $65 334 885 845 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68% 66 $311.33 -0.46% 15.63% $49 804 216 236 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000229 0.01% 0% $44 217 403 592 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000555 0% 0% $22 413 981 060 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 63.2% 80 $0.401313 0.03% 7.06% $20 185 552 000 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 56.4% 92 $0.103231 13.91% 28.21% $13 695 751 843 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 58.8% 82 $0.318757 1.20% 0.22% $10 976 060 582 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 67.6% 65 $0.860762 1.38% 3.74% $7 518 166 942 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.6% 71 $5.41 1.01% -0.54% $6 163 068 674 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 94% 1 $1.000128 0.03% -0.03% $5 726 764 413 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 66.4% 64 $76.50 0.74% 24.01% $5 485 689 704 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 58.4% 82 $0.053816 2.00% 5.89% $5 471 850 361 WTRX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.