What is the issuance price of ENS coins?

ENS tokens were initially priced at approximately 0.01 USD during their initial coin offering (ICO) in November 2016.

Nov 19, 2024 at 05:12 pm

What is the issuance price of ENS coins?

Ethereum Name Service (ENS) is a distributed, open, and extensible naming system that maps human-readable names to machine-readable addresses on Ethereum blockchain. ENS follows the ERC-20 Token Standard, and each ENS domain name is associated with an Ethereum address.

How are ENS tokens used?

ENS utilizes Ether tokens to power its operations, and anyone can become a participant in the network by owning the ENS tokens. The key tasks that the ENS tokens are used for in the network are the registration and renewal of domain names. The registration process of new domain names requires payment in ETH (Ether), which is relayed to the registrar. The registrar then deducts their service fee and forwards the remaining payment to the owner of the ENS domain.

What was the issuance price of ENS coins?

ENS tokens were issued in November 2016 through an initial coin offering (ICO) at a price of approximately 0.01 USD. During the ICO, a total of 100 million tokens were sold, representing 20% of the total supply.

How much did the ENS token price increase after its launch?

Following the ICO, the ENS token experienced a significant increase in its price. Within a year of its launch, the token reached a peak price of approximately 0.2 USD. Since then, the ENS token price has experienced several fluctuations, but it has generally remained above its ICO price.

How can I purchase ENS coins?

ENS coins can be purchased on various cryptocurrency exchanges, including Coinbase, Binance, and Kraken. It requires creating an account with an exchange, completing the necessary identity verification steps, and funding the account with a supported payment method. Once the account is funded, you can place an order to purchase ENS coins.

What is the total supply of ENS coins?

The total supply of ENS coins is capped at 100 million, with 20 million being distributed during the ICO. The remaining 80 million tokens are allocated to various stakeholders, including the ENS team, contributors, and community initiatives.

What is the market capitalization of ENS coins?

The market capitalization of ENS coins represents the total value of all outstanding tokens. It is calculated by multiplying the current token price by the circulating supply. As of March 2023, the market capitalization of ENS coins stands at approximately 500 million USD.

How do I register an ENS domain name?

To register an ENS domain name, you will need an Ethereum wallet and some ETH to pay for the registration fee. You can use the ENS website to search for available domain names and initiate the registration process. Once the registration is complete, the domain name will be added to your Ethereum wallet and associated with your chosen Ethereum address.