This move aims to introduce an advanced staking protocol to drive growth and deliver greater value to ERN holders.
Ethernity Chain, a decentralized platform merging the worlds of decentralized finance (DeFi) and authenticated non-fungible tokens (NFTs), has announced the conclusion of its LP staking program on December 13th. This move paves the way for the introduction of an enhanced rewards structure.
As an ERC-20 proof-of-stake (PoS) token on the Ethereum blockchain, ERN serves as the native utility token for the Ethernity Chain. Its primary functions include facilitating access to the Ethernity ecosystem for purchasing authentic NFTs, enabling STONE farming for claiming exclusive NFTs and experiences, offering fixed staking rewards in both ERN and exclusive NFTs, and providing liquidity mining opportunities via the Uniswap ETH-ERN pairing.
Through strategic partnerships with key players in the blockchain, music, and entertainment industries, Ethernity amplifies its reach within the decentralized realm. The platform empowers celebrities to showcase their digital art or custom token cards, often incorporating a charitable aspect. This synergy creates a seamless platform for artists, brands, and influencers to vend their NFTs.
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