On Young Platform Pro you can now find ENS, the Ethereum Name Service token for personalised blockchain domains.
Today’s listing is for ENS, the Ethereum Name Service token, the platform to claim domains on blockchain. What’s new at Web3!
What is Ethereum Name Service?
Ethereum Name Service is a platform to acquire domains registered on the Ethereum blockchain. In the Internet lexicon, a “domain name” or “domain” is a name associated with a server’s IP address and used to identify a website in a simple way.
Blockchain domains work in a very similar way to classic web domains, but with all the advantages of being on blockchain. You can associate the addresses of any wallet with a blockchain domain and use it instead of long addresses made up of letters and numbers. This gives you a simple, easy to remember and shareable address on which to receive cryptocurrencies, tokens or NFTs. A blockchain domain can also be used to build decentralised websites that are immune to censorship: only the owner can delete or modify the content. Unlike classic Internet domains, blockchain domains are not held in a registry but in a wallet. They are therefore assets in their own right, exchangeable like a cryptocurrency and also circulating in secondary marketplaces.
With Ethereum Name Service you can buy a .eth domain on Ethereum and use it as your social media username and address for your transactions. Many people already use this service, including crypto stars such as Paris Hilton (parishilton.eth), and basketball player Shaquille O’Neal (shaq.eth)! You can check that the name you have in mind has not already been bought by someone on ENS website.
What is ENS?
ENS is the native token of the Ethereum Name Service intended for managing the governance of the project’s DAO. ENS holders are entitled to express their opinions on issues such as the formulation of the ENS Constitution. If you’ve already bought a .eth domain, you could be entitled to redeem some ENS tokens!
Why have we chosen ENS?
Ethereum Name Service has so far registered 652,000 domains on Ethereum for a total of 209,000 owners, demonstrating that it offers a valuable product. The market for blockchain domains is interesting because of the possibility of creating decentralised websites and the convenience of having a user-friendly wallet address. One thing is certain, blockchain domains are the user names of the Web3.
Available pairs?
ENS/USDT
Want to know more?
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