What Value does Eterna (EHX) Have?
The?Eterna (EHX)?token is a cryptocurrency that could pay 50% its profits to token stakers.
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Exchange listing fees, and taxes on transactions on the Eterna Hybrid Exchange?will generate those fees. Eterna’s builders claim their exchange will combine the best features of centralized exchanges (CEXs) and decentralized exchanges (DEXes).
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They claim Eterna will be the first exchange to offer token stakers a share of its profits. The Eterna Hybrid Exchange will offer Binance Cloud Enabled Trading through the Binance Smart Chain blockchain.
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The Eterna Hybrid Exchange
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A feature they call the Eterna AMM can execute DEX Trading through PCS, Uniswap, AVAX, and MATIC. The Eterna AMM is an Automated Market Maker. An AMM is an app that facilitates trades in a decentralized finance ecosystem, such as Eterna.
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An AMM allows users to supply liquidity pools with cryptocurrency. The pools create and maintain the liquidity in the market. Consequently, traders can always receive cash for investments they sell in the market.
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Eterna’s order book exchange launched in March 2022. They plan to launch the advanced order book and Binance Cloud-enabled trading in May 2022. In June 2022, they will launch an AMM aggregator to enable PCS and Uniswap trading. The AMM could scale to other networks, including AVAX, MATIC, and ADA in August 2022.?
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The EHX Token
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They will distribute the Eterna profit-sharing through the EHX Token (EHX). Users can stake EHX tokens for a 0.3%?annual percentage yield (APY) of each transaction deposited in the Eterna staking pool. The EHX Token will function as the native token of the Eterna Hybrid Exchange.
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They are building the EHX Token and the Eterna Hybrid Exchange on the EHX Hybrid Chain. The EHX Hybrid Chain is Eterna’s proprietary blockchain.?A feature they call the Eterna Bridge is a crosschain bridge that connects the Eterna Hybrid Chain to other blockchains.
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The EHX BSC Eterna Bridge connects Etnera to the Binance Smart Chain. The EHX ETH Eterna Bridge Connects Eterna to Ethereum. Hence, you could exchange Eterna (EHX) for Ethereum Request for Comment (ERC-20) and BEP-20 tokens. ERC-20 tokens operate on the Ethereum blockchain and BEP-20 tokens operate?on the Binance Smart Chain.
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Eterna EHX Tokenomics
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They plan to use 16% of EHX for staking, 5% for the Eterna team, 8% for marketing, 6% for exchanges, 8% for development, 4% in giveaways, 15% for partnerships, 3% in an AirDrop, 3% in a VIP sale, and 20% in an exclusive sale.
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They claim Eterna’s staking contract will deposit 3% of each transaction into a staking pool. The smart contract will also spend 3% for marketing, 2% on a liquidity pool, 2% for development, and a 1% buyback.
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The EHX token is available on Uniswap, Etherscan, and in DEXTools for Ethereum. EHX is also available on PancakeSwap, BscScan, and through DEXTools.
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What Value does Eterna (EHX) offer?
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Mr. Market assigns little value to?Eterna (EHX). For example, EHX was CoinMarketCap’s 4,431st?largest cryptocurrency, with a Coin Price of $0.00301 on 28 April 2022.
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In contrast, Eterna was CoinMarketCap’s third most trending cryptocurrency on 25 April 2022. CoinMarketCap gave Eterna a $3.033 million Market Cap, a $3.001 million Fully Diluted Market Cap, and a 96,626 24-Hour Market Volume on 28 April 2022. They base those numbers on a Self-Reported Circulating Supply of one billion EHX, A Maximum Supply of one billion EHX, and a Total Supply of one billion EHX.
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Meanwhile, CoinBase gave Eterna (EHX)?a Coin Price of $0.0030 and a 96,606.45 24-Hour Market Volume on 28 April 2022. Coinbase gave Eterna a 1? all-time high coin price.
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I have to agree with Mr. Market on Eterna. I think Eterna has no value. I don’t consider Eterna an investment. Instead, Eterna is a good idea for a new decentralized exchange and DeFi ecosystem.
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Thus, I advise speculators to avoid Eterna (EHX) until the Eterna DeFi system is up and running.
?Originally published at https://marketmadhouse.com?on April 28, 2022.
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