Cryptocurrency in today’s time is the prime subject matter in discussion. Similarly, the $ENS Tokens are also seen to be getting recognized by the world. The rise and fall of the value of a bitcoin or any other altcoin are of paramount importance for the people who have sincerely invested in them.
The cryptocurrency space to a great extent is a technical field, which is often enough to discourage potential crypto beginners or investors from exploring this space. Yet, $ENS Tokens solve this major adoption hurdle, by making crypto more accessible and convenient to use. Ethereum Name Service, translates the long series of numbers that are machine-readable public addresses to short, memorable links, that users can use to transact, interact, and receive any type of NFTs or Cryptocurrencies.
We are sure, you have several questions to ask about ENS. Thus, in this article, we will be covering what is $ENS Tokens, the market price of these tokens, where to buy these tokens, and lastly how to buy these tokens.
What are $ENS Tokens?
ENS stands for Ethereum Name Service, they are dispensed, open, and expandable naming systems that interact with the Ethereum blockchain. ENS is the first service of its kind for crypto and blockchain addresses. Many other services are trying to replace the old Domain Name System for the internet, but ENS Tokens is currently the only player in its league that offers human-readable nicknames that can work across all your wallets and decentralized websites.
Quite similar to the role of the DNS(Domain Name System) mentioned above, the role of the ENS (Ethereum Name Service) is to map human-readable names such as “john .eth” to a machine-readable name such as a wallet address like “8g978dl39ji9xl. Ethereum Name Service also serves to make crypto transactions more comprehensive and accessible for blockchain beginners. ENS does not have any comparable rivals that can do all that it does.
Ethereum Name Service aims to make the Ethereum-based web convenient to access and easier to comprehend for humans. The Internet’s Domain Name Service makes the internet more accessible. As a blockchain-based protocol, ENS is inherently secure and censorship-resistant due to being built on Ethereum. The fact that ENS is predominantly a two-smart contract enables peak interoperability with other smart contracts and the entire Ethereum ecosystem.
Thus, it is to conclude that ENS is the decentralized governed tokens of Ethereum Name Service and is used to govern the protocol and influence decisions on pricing its .eth addresses and the price oracle. Token holders can also delegate their tokens to the Decentralised Autonomous Organization for voting. The total supply of $ENS Tokens is 100 million, and the circulating supply is just over 20 million at present. Thus, $ENS Tokens are distributed as follows:
- DAO Community Treasury (50%): 10% at launch, linear vesting over four years.
- Airdrop to.ETH holders (25%)
- Contributors (25%), with four-year linear vesting including:
- Core Contributors: 18.96%
- Select Integrations: 2.5%
- Future Contributors: 1.25%
- External Contributors: 1.29%
- Launch Advisors: 0.58%
- Keyholders: 0.25%
- Active Discord Users: 0.125%
- Translators: 0.05%
Now that we have understood what $ENS Token is, let’s move on to the technical details of the $ENS Tokens:
- Price: $14.40USD
- Price Change(24 hours): -94.447%
- Market Capitalization: $2,92,370,508 USD
- CoinMarketcap Ranking: 170
- Fully Diluted Marketcap: $1,444,171,401
- Maximum Supply: 1,00,000,000 ENS Tokens
- Trading Volume: $34,872,535 USD
Where to Buy $ENS Tokens?
Various platforms offer cryptocurrency, however, there aren’t many competitors platforms in the market that offer $ENS Tokens.
Ethereum Name Service being an open-source, fully decentralized protocol, it is not managed by a traditional company hierarchy. ENS is community-governed as a DAO (decentralized autonomous organization), which leads us to invest in the ENS token.
Below is the list of some platforms, from which you can buy $ENS Tokens:
How to Buy $ENS Tokens?
We are very much well-versed with what are $ENS Tokens and are the platforms from which we can buy these tokens. The next question arises as to how to buy the $ENS Tokens.
$ENS Tokens are trading at US$51.08, and are the 110th largest cryptocurrency, with a market capitalization of US$1.1 billion currently. The token has a maximum supply of 100 million coins and a circulating supply of 19.6 million.
Below are the steps of how to buy, $ENS Tokens from the platforms that have the access to these tokens:
Step 1 – Open an online account on a Crypto Trading platform
Step 2 – The next step is to buy or acquire a wallet, so download a wallet.
Step 3 – Once you have got eth registered domain send it to your wallet address and make your purchase.
These were some generic steps of buying $ENS Tokens from any platform that offers these tokens. However, out of all the other supported platforms, Binance for $ENS Tokens is the best and the easiest platform to carry out the exchange.
Hence, below are some steps of how to buy $ENS Tokens on Binance:
Step 1 – Create a free account on the Binance website or the app.
- You can register via Binance
- Register via the website using your email
- Register via the website using your mobile number
Step 2 – Choose how you want to buy the Ethereum Name Service asset.
- Click on buy crypto and it will show all the available options in your country
- A credit card, bank deposit, P2P Trading
Step 3 – Create a free account on the Binance website or the app.
- Once you have created the account and wait for your order confirmation, your order will be recalculated based on the current market price.
Step 4 – Store or use your Ethereum Name Service(ENS) in Binance.
- Now that you bought your crypto, you can store it in your crypto-wallet or simply hold it in your Binance account.
This article has every detail of what $ENS Tokens and what is the process of buying them.
What do you think is it worth buying $ENS Tokens? If yes, then go by the steps mentioned in the above article and buy from THE cryptocurrency trading platform that suits your need.
Furthermore, we hope we’ve got everything covered that you were looking for. If have any queries or doubts regarding $ENS Tokens feel free to drop your queries in the comment box below. We assure you that, we will revert as soon as we can.