{"id":364353,"date":"2021-11-09T09:04:34","date_gmt":"2021-11-09T06:04:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-name-services-new-token-already-has-a-fully-diluted-cap-of-3-1t\/"},"modified":"2021-11-09T09:04:34","modified_gmt":"2021-11-09T06:04:34","slug":"ethereum-name-services-new-token-already-has-a-fully-diluted-cap-of-3-1t","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-name-services-new-token-already-has-a-fully-diluted-cap-of-3-1t\/","title":{"rendered":"# Ethereum Name Service&#8217;s new token already has a fully-diluted cap of $3.1T"},"content":{"rendered":"<p>&#8220;<strong># Ethereum Name Service&#8217;s new token already has a fully-diluted cap of $3.1T <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvOGFkZWE5NzYtNmI4NC00ZmY4LWIzMmYtMDJkMWM3M2I1Y2UxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ens.mirror.xyz\/5cGl-Y37aTxtokdWk21qlULmE1aSM_NuX9fstbOPoWU\">official announcement<\/a> on Mirror from ENS states that $ENS will be used to vote on a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/discuss.ens.domains\/t\/proposed-ens-constitution\/814\">proposed constitution<\/a> and govern protocol parameters. The first issues holders can vote on in the new ENS DAO are the price oracle, and how to allocate existing and future community treasury funds.<\/p>\n<p>Ethereum wallet users who have created an ENS domain in the past are eligible to claim $ENS from the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/claim.ens.domains\/\">claims site<\/a> by May 4, 2022. Unclaimed tokens will be sent to the DAO treasury. An ENS domain maps easy-to-read names that end in .eth (like \u201calice.eth\u201d) onto Ethereum addresses.<\/p>\n<p>One-quarter of the entire $ENS supply was made available to .eth domain holders to claim in total. Each wallet received a varying quantity of $ENS based on how long they\u2019ve held their domain, their expiry date, and whether they have set a Primary ENS.<\/p>\n<p>At the time of writing, crypto data aggregator CoinGecko estimates ENS to rank as the 313th-largest crypto asset with a market cap of $235 million, and a whopping fully-diluted valuation of $3.16 trillion.<\/p>\n<p>The token has experienced extreme price volatility and nine-figure trade volume, last changed hands at $31.53 for a 75% daily gain as of this writing.<\/p>\n<p>SushiSwap has moved to incentivize users to provide liquidity to its WETH\/ENS pool, offering SUSHI rewards to farmers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Fresh Sushi for our .eth homies <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ENS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ENS<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bLvnFphvgP\">pic.twitter.com\/bLvnFphvgP<\/a><\/p>\n<p>\u2014 Jiro (@0xJiro) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xJiro\/status\/1457846289102786564?ref_src=twsrc%5Etfw\">November 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Ethereum Name Service (ENS) launched its governance token $ENS today which will be used to further the decentralization of the popular domain service for Ethereum wallets.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-name-service-s-new-token-already-has-a-fully-diluted-cap-of-3-1t\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum Name Service&#8217;s new token already has a fully-diluted cap of $3.1T &#8221; The official announcement on Mirror from ENS states that $ENS will be used to vote on a proposed constitution and govern protocol parameters. The first issues holders can vote on in the new ENS DAO are the price oracle, and how&#8230;<\/p>\n","protected":false},"author":1,"featured_media":364354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvOGFkZWE5NzYtNmI4NC00ZmY4LWIzMmYtMDJkMWM3M2I1Y2UxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[115707,74891],"class_list":["post-364353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ens","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=364353"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/364354"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=364353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=364353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=364353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}