What is Ethernity (ERN)? How To Buy ERN Token In India?

What is Ethernity (ERN)?

One of the biggest developments within the crypto space is the evolution of non-fungible tokens (NFTs). The NFT space took off during the last quarter of 2021 but suffered a steep bearish trend throughout 2022. One way where-in the trader can offload his NFTs for profit is by getting involved in auctions. Ethernity Chain is a platform that premieres authentic NFT projects with verified artwork and features the top artists and stars from sports, music, film, gaming, tech, and entertainment. 

Ethernity is a blockchain-based network that enables users to own unique digital artifacts that can be tokenized on the chain. Also, the chain is designed to accurately determine the value of the digital collectibles and aims to use NFTs for good social purposes and explore more opportunities on the platform. 

Who Are the Founders of Ethernity?

Nick Rose Ntertsas is the founder of Ethernity and its current CEO. Alongside, he is the Chief Digital Officer at Global Wildlife Conservation and also an investor at Bitcoin.com. Previously, he invested very small amounts of money in Bitcoin in 2011, and later in 2016, he founded his first friends and family trading fund focused on cryptos. Presently, he is a seed or early-stage investor in tech and blockchain-related projects. 

How Does Ethernity Work?

The workings of the Ethernity Chain consist of the following elements, 

• Purchasing an NFT

Here, the artists can buy or sell NFTs on the platform using the native token ERN. Some amount of ERN tokens are collected from the sale or auction and locked in a smart contract for 2 years. 

• LP Staking

The ERN token is rewarded to long-term users and also to users of the chain. This staking program requires the Ethernity community to provide liquidity for the ERN/ETH trading pair on Uniswap V2. Those who provide liquidity are issued with ERN-ETH-LP-UNI-V2 liquidity provider (LP) tokens.

• Fixed Staking

Here, ERN holders can lock their tokens for a fixed period to earn more ERN tokens. 

• Satoshi Staking 

The ERN token can also be earned by staking a special NFT, Ethernity Genesis: Satoshi, as a tribute to the Bitcoin creator. Satoshi NFT holders can earn 10 ERN tokens every 24-hour period, which can be accumulated for up to 360 days. 

• STONES Farming

STONES farming can be used to redeem curated NFTs on the Ethernity chain and also to participate in real-life STONES events.

What Makes Ethernity Unique-Use Cases?

• The platform has close ties with the industry’s major artists and crypto influencers, who all share a common goal of bringing NFT into mainstream
• The artists here can pledge a portion of the revenue made from NFT sales to a charity of their choice.
• The native token, ERN, is the backbone of the platform and is used to purchase Ethernity packs that contain aNFTs curated by the Ethernity creative team.

Ethernity (ERN) Price Analysis

Source: Tradingview

• The ERN price has been trading within a descending triangle ever since the price fell into a deep bearish well.
• The recent upswing broke the descending trend and lifted the price beyond $4 from levels below $2.
• Presently, the Bollinger Bands are closer to experiencing a squeeze as the price faces a rejection from interim highs and remains within a descending trend.
• The RSI and MACD have turned bearish, which signals the price to face another breakdown, dragging the price toward crucial support soon.

How to Buy Ethernity in India?

To buy Ethernity in India, just follow the below-mentioned steps:

• Download the CoinDCX app on your smartphone.
• Enter the details required for registration.
• Complete KYC
• After your profile is verified, fund your wallet and buy an ERN.