ERN Token - Functionality and Tokenomics

Total Supply and Distribution

The total supply of ERN tokens is 30 million. The distribution is designed to ensure sustainable growth and long-term stability. The specific assignments are as follows:

1. Team and Advisors: Approximately 6 million tokens are allocated to team members and advisors, with vesting starting from 2022 and March 2023. This setup aligns the interests of the team with the long-term success of the project.
2. Partnerships and Ecosystem Expansion: 2.4 million tokens allocated to partnerships, with an additional 1.8 million tokens reserved for ecosystem growth. These tokens are used to support new integrations and partnerships to drive platform development.
3. Staking and Rewards: 3.6 million tokens are dedicated to staking rewards. They are distributed based on the participation in the staking program to incentivize users to participate and maintain network stability.
4. Liquidity: Since the inception of the project, 1.5 million tokens have been unlocked to ensure liquidity for transactions within the ecosystem, especially in NFT marketplaces and DeFi applications.

Governance and DAO

Ethernity Chain operates through a Decentralized Autonomous Organization (DAO). ERN token holders can participate in platform governance by proposing and voting on proposals. The number of tokens held determines the voting weight, with participants holding more tokens having greater influence in decision-making.

The governance model is transparent, allowing the community to collectively decide the platform's direction of evolution. Voting is conducted through the DAO platform on-chain, ensuring fairness and decentralization in the decision-making process.

The role of ERN in the ecosystem

ERNPlay multiple roles in the Ethernity ecosystem:

1. NFT MarketERN is used to in Ethernity MarketplaceBuy and trade NFTs on this market. The market offers certified digital collectibles released by well-known artists and brands. ERN holders also have the opportunity to get early access to exclusive NFT releases.
2. stake: ERN holders can lock their tokens in multiple staking pools to earn rewards. Staking options include:

• Fixed Staking: Provide fixed income, receive returns after the lock-up period ends, and help reduce circulating supply.
• Satoshi StakingProvide returns based on market performance.
• NFT StakingAllows users to stake NFTs with ERN tokens to earn rewards.

1. DeFi Participation:Pass Stones FarmingUsers can farm tokens by providing liquidity and earn StonesThese tokens can be used to purchase exclusive NFTs. This feature adds more rewards and incentive levels to the ecosystem.
2. Exclusive Interviews and Rewards: ERN holders can get access to exclusive events, NFT auctions, and platform features. This makes the value of holding tokens more than just financial incentives.

Highlights

• Total Supply: The total supply limit of ERN tokens is 30 million, allocated in categories such as team and advisors, partnership relationships, staking rewards, and liquidity provision.
• Governance through DAO: ERN holders participate in the decentralized governance of Ethernity Chain through DAO, and voting power is proportional to the number of tokens they hold.
• Token Features: ERN is used for trading, staking, liquidity mining in the NFT market, as well as obtaining exclusive rewards such as limited edition NFT releases.
• Incentive Plan: Ethernity provides staking rewards and liquidity mining through Stones Farming to incentivize users to actively participate in the ecosystem.
• Sustainability: The platform manages token supply through a gradual vesting schedule allocated by the team and ecosystem to ensure stability.