Ethernity | Sales Report and ERN Buyback

As announced in our May 6th, 2021 Medium post, the buyback program — our process of buying and locking 75% of all ERN profits into a contract vault for 2 years — is now completed from Drops Zeke Elliott to James Dean (21–30).

We deployed a locking contract on Ethereum mainnet that will store and lock ERN for 2 years from the lock-in time. The contract is verified so the source code is publicly available. The lock() and withdraw() functions are quite simple: only the owner of the contract can lock, and only the owner can withdraw after 2 years (or exactly 63,072,000 seconds*).

You may verify the lock-in time and the lock-in ERN amounts by querying the public functions lockTimeInSeconds() and amountsHistory() on Etherscan.

Those tokens will be available for withdrawal after:

GMT: Feb 21 2024 7:56 PM

Epoch seconds: 1708545387

This is a true testament to the open-source and transparent nature of blockchain, and a commitment to our beloved ERN community.

• 1 day has 86,400 seconds, 1 year has 365 days, 2 years have 730 days — 730 days x 86,400 seconds per day = 63,072,000 seconds)

Today, we then completed our buybacks for Drops 21–30, and then locked the entire ERN balance of 13,637.44 ERN ($74,381.32 at time of writing) in the contract.

RECAP: The Ethernity team is hard at work, ready to launch an array of licensed IPs in upcoming aNFT drops and multipacks. This broadly focused team, including crypto natives and advisors, has partnered with leading figures in the fields of sports, arts, entertainment, music, movies, gaming, tech, collectibles, and more. Together, we have built an authenticated, licensed, rights-driven aNFT platform and marketplace, producing highly curated quality aNFT collections to drive long-term value.

Our recent series of groundbreaking drops began with Dallas Cowboys running back Ezekiel Elliott followed by our groundbreaking collaboration with the Associated Press on their Transhumanism collection.

October was a powerhouse month for Ethernity, featuring the debut collection from NBA Hall of Famer, Shaquille O’Neal for his “Eras of Dominance” collection with Justin Maller, Ken Block’s Hoonifox collection, and the launch of The Heavy Metalverse, in partnership with Heavy Metal.

We kicked off November with the iconic Luis Suarez collection and we brought Geoffrey back to live with the Toys “R” Us drop. We rounded out the end of the year with more next-gen collections from AFA, DeLorean, and James Dean.

2022 will see legendary figures, icons, and future stars mint exclusive aNFTs with Ethernity. Get ready for new innovations and cutting-edge partnerships with the world’s biggest stars. With an optimistic gaze on what the industry is becoming, both culturally and technologically, we will continue to innovate and push the NFT and metaverse ecosystem forward.

BUYBACK:

At this point, Ethernity is executing on a previously announced pledge to lock in 75% of all profits into our ERN vault.

How?

For the ERN buyback, token is purchased from the circulating supply and locked for two years. And, we’re proud to announce this is now complete. We’ll be providing the wallet details to make the process as transparent as possible and our community will be able to track its holdings. It’s a true testament to the open-source and transparent nature of blockchain and a commitment to our community.

SALES FIGURES:

Drop #21: Zeke Elliott — Total Sales: $56,526.55

Drop #22: AP & Transhumanism — Total Sales: $59,413.00

Drop #23: Shaquille O’Neal — Total Sales: $1,040,073.00

Drop #24: Hoonifox — Total Sales: $210,935.00

Drop #25: Heavy Metal — Total Sales: $16,305.96

Drop #26: Luis Suarez — Total Sales: $73,320.00

Drop #27: Toys“R”Us — Total Sales: $33,290.20

Drop #28: AFA — Total Sales: $66,267.00

Drop #29: DeLorean — Total Sales: $51,413.00

Drop #30: James Dean — Total Sales: $24,151.84

GRAND TOTAL SALES in USD: $1,631,695.55

Ethernity Total Profit in USD: $225,846.30

75% of Total Profit: $169,384.73

BUYBACK TOTAL: 13,637.44 ERN 🏦

The process to lock the ERN was similar to prior lockings:

• From the buyback wallet, we locked the tokens in the same smart contract (tx ID: https://etherscan.io/tx/0xeedda0cb4d18175c9d08c89d3019b41659d52b2974d419a060cae50fb700b678)

GMT: Feb 21 2022 7:56 PM

Epoch seconds: 1645473387

Those ERN tokens will be available for withdrawal after:

GMT: Feb 21 2024 7:56 PM

Epoch seconds: 1708545387

LOOKING AHEAD: 💎

It’s official — 75% of all profits from aNFT sales will be buying ERN and locked for 2 years.

So, what’s next?

With that firm commitment to our long-term vision intact, we will continue to focus on rolling out all of our commitments in the Ethernity 2.0 roadmap. These include the launch of the Ethernity mobile app, NFT packs and virtual world integrations.

Ethernity Links:

➡️ Website (https://ethernity.io/)

➡️ Twitter (https://twitter.com/EthernityChain)

➡️ Discord (https://discord.gg/EthernityChain)

➡️ Medium (https://ethernitychain.medium.com/)

➡️ Telegram Group (https://t.me/ethernitychain)

➡️ Telegram ANN (https://t.me/ethernitychainnews)