Another player appears in the world of cryptocurrencies – ETH20. This new token not only references the beginnings of Ethereum but also presents an innovative approach to staking and NFT technology.
ETH20 is a token based on the ERC-20 standard, aiming to recreate the initial stages of Ethereum when its value was just $0.1. Unlike many other new cryptocurrency projects, ETH20 focuses on a nostalgic nod to the beginnings of one of the most important cryptocurrencies on the market.
After the presale ends, 78 million tokens are planned to be placed in a special staking contract. Users will have the opportunity to engage their tokens in staking, which may bring them tangible benefits. It’s worth noting that the more tokens engaged, the higher potential dividends might be.
v Upon its market entry, there’s a plan to release the ETH20 Avatar NFT collection, consisting of 10,000 unique NFTs. Interestingly, these NFTs will incorporate elements referencing Ethereum’s design and the popular pixel art aesthetic.
As for the technology behind this project, it’s worth noting that the NFT contract for ETH20 will utilize the modern ERC-721A standard. Its main feature is the ability to create multiple NFTs in a single transaction, which could potentially save users on transaction fees (known as gas fees).
Looking at the technical data, ETH20 will have a total supply of 120 million tokens, of which 30 million tokens will be available in the presale. The remaining tokens will be allocated for various purposes, including staking rewards.
The new cryptocurrency project, ETH20, attracts attention with its unique approach to the market, combining elements of nostalgia with modern technologies. Time will tell how this project will be received by the community and what place it will take in the cryptocurrency market.
