Ethernity Token Economics Update

3 min readApr 21, 2022

Throughout the past year, the Ethernity platform has developed into the largest authenticated and fully licensed NFT marketplace, with NFT collections from the world’s most iconic figures and brands. To reflect this, and to show our commitment to the future of Ethernity, the Ethernity Team and Advisors have updated the conditions for unlocks and lengthened the vesting schedules for unlocking their ERN tokens.

Below, we have updated the Ethernity Token Economics:

UPDATED SCHEDULE:

1M ERN
12-month cliff
12-month vesting schedule, started March 2022
1.3M ERN
24-month cliff
24-month vesting schedule, starting March 2023
3.7M ERN
24-month cliff
36-month vesting schedule, starting March 2023

UPDATED SMART CONTRACT:

0x429dc62E58483E1262fdce4E452E9266984f2a45

INITIAL SCHEDULE:

6M ERN
12-month cliff
12-month vesting schedule

OLD SMART CONTRACT:

0x5883Fb498202e33E5c2CA6ac9fD98589357d3468

* All information about our token economics, including smart contract addresses have been updated on Coinmarketcap and Coingecko.

ERN Token Distribution

Total Supply: 30,000,000 ERN

Team & Advisors:

1M ERN (3.33%)
12-month cliff
12-month vesting schedule, started March 2022
1.3M ERN (4.33%)
24-month cliff
24-month vesting schedule, starting March 2023
3.7M ERN (12.33%)
24-month cliff
36-month vesting schedule, starting March 2023

Contract Address: 0x429dc62E58483E1262fdce4E452E9266984f2a45

Partnerships:

2.4M ERN (8%)
1-month cliff
14-month vesting schedule, started April 2021

LATEST SMART CONTRACT UPDATES (Updated March, 2023):

New Contract Address: 0x4a245257e2730376eDAA034051BA26023B03dAEF
Old Contract Address: 0x083772631460722a29158c562a41341404d74c75

Ecosystem Expansion:

1.8M ERN (6%)
3-month cliff
24-month vesting schedule, started June 2021

Wallet Address: 0x1780372b9b6eC3C3Fa29f637Cfbb58F5Bbd2454B

Staking & Rewards:

3.6M ERN (12%)
Unlocked as needed, maximum 50K ERN per month

Wallet Address: 0xa98D81e3f123278c0F2F1aBc27b9A94d1D59b02E

Reserves:

4.5M ERN (15%)
3-month cliff
24-month vesting schedule, started June 2021

Wallet Address: 0x14139f848e7bf577bfbc06b19790eb2d25bbfcc1

Floating Liquidity:

1.5M ERN (5%)
Circulating Supply: 558,722 ERN (DEX & Other Exchange Liquidity)

Wallet Address: 0x83ec9aefdb058a77a1d8e410f8f241c665a1d24e

Private Sale:

9.2M ERN (30.67%)
Private round price: $0.275 / ERN
TGE Unlock: 20%
8 Weeks of equal unlocks starting 1 week after IDO
ALL TOKENS DISTRIBUTED TO PRIVATE INVESTORS

Contract Address: 0x64760e12B2B1115f2DDBf1F9dB69614Cdd74Af2f

Public Sale:

1M ERN (3.33%)
Public IDO price: $0.275 / ERN
100% unlocked

About Ethernity

Ethernity is the groundbreaking authenticated NFT project that produces verified artwork featuring the top artists and stars from sports, music, film, gaming, tech, history, and entertainment. Each digital artwork is represented as a non-fungible token (NFT). The pieces feature well-known public figures, rights, licenses, and IPs.