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What currency does ENS coin belong to?
The ENS coin, ticker symbol ENS, is an ERC-20 token operating on the Ethereum blockchain.
Nov 21, 2024 at 06:59 am
What Currency Does ENS Coin Belong To?
Introduction
The Ethereum Name Service (ENS) is a decentralized naming system that maps human-readable names to machine-readable addresses, such as IP addresses or crypto wallet addresses. ENS is powered by its native cryptocurrency, the ENS coin, which is used to pay for name registrations and renewals.
Currency of ENS Coin
The ENS coin is an ERC-20 token, meaning it runs on the Ethereum blockchain. ERC-20 tokens are a standard set of rules that define how tokens can be created, transferred, and destroyed. This allows for easy integration with other Ethereum-based applications and wallets.
Details About ENS Coin
- Ticker Symbol: ENS
- Blockchain: Ethereum
- Token Standard: ERC-20
- Total Supply: 100,000,000 ENS
- Circulating Supply: 69,089,984 ENS (as of April 2023)
- Use Cases: Paying for name registrations and renewals on the ENS network
Conclusion
The ENS coin is an ERC-20 token that runs on the Ethereum blockchain. It is primarily used to pay for name registrations and renewals on the ENS network. With its user-friendly interface and integration with various Ethereum applications, ENS aims to simplify the process of accessing decentralized services and resources.
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