ETHERNITY CHAIN EXPLAINED

Ethernity Chain’s triangular economy

1. TOKEN ECONOMY ♾️

  1. Users buy aNFTS (“authenticated NFTs”) using ERN
  2. When Ethernity Chain receives ERN tokens as payment for NFTs (this includes NFT auctions, direct sales of NFTs and NFT packs) we lock 75% of the collected ERN tokens in the Ethernity Chain Reserve smart contract for two years.
  3. After two years we will periodically unlock tokens and refuel the Staking & Rewards Pool for Liquidity providers.
  4. The cycle creates organic scarcity as the more NFTs sold, the fewer tokens are in circulation.
The Ethernity Packs

2. ETHERNITY PACKS 🎁

Our triangular economy will allow indefinite rewards.

3. LP STAKING AND REWARDS 🏦

  • When this 30 day period of LP staking is over, we will restart the pool allowing users to stake for rewards.
  • In the Liquidity Rewards Program, a total of 50,000 ERN will be delegated for distribution to ERN/ETH liquidity providers on Uniswap V2 per month. Tokens distributed via the Liquidity Rewards Program originate from the ERN Rewards token bucket.
  • The APY will be a variable percentage of 100% to 300% to be paid out monthly.
  • You must provide liquidity to the ERN/ETH Uniswap V2 Pool by navigating to http://uni-lp.ethernity.io. On this page select the amount of ERN and ETH you would like to supply to the Uniswap LP and then click the “Add Liquidity” button.
  • Uniswap will automatically issue ERN-ETH-LP-UNI-V2 tokens. These LP tokens represent your proportional share of ETH and ERN within the Uniswap pool.
  • After following the above steps, visit: https://ethernity.io/staking
  • Click the “Connect Wallet” button, and select the Ethereum address that holds your ERN-ETH-LP-UNI-V2 tokens in MetaMask.
  • Click the “Approve LP Tokens” button and once the transaction is completed, you will then be able to click the “Lock LP Tokens” button and lock your LP tokens into the Liquidity Reward Program contract.
  • Locked LP tokens can be unstaked immediately at any point in time by clicking an Unlock LP Tokens button and rewards can be claimed by clicking the Claim ERN button.
  • Unstaking LP Tokens automatically claims ERN.
  • ERN will be proportionally rewarded to all Liquidity Program participants based on the amount of LP tokens they lock divided by the total LP tokens locked into the Uniswap Liquidity Reward Program.
  • It is recommended to use the MetaMask wallet and latest Chrome browser to interact with https://ethernity.io/staking The stake function allows you to lock LP tokens, (“Get Reward”) allows for harvesting rewards and “Exit: allows for unlocking your LP tokens.

4. STONES FARMING EVENTS 💎

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Ethernity Chain

Ethernity Chain

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Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs by your favorite artists and endorsed by those who you admire.