$ENS DAO Long, Web 3.0 is here
WARNING CONTRACT ADDRESS REFERENCED ALONGSIDE THE CHART IS A SCAM.
THE CORRECT CONTRACT ADDRESS IS 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72
I am simply using this chart as a placeholder for now until the $ENS contract officially releases on uniswap.
You can verify it from:
Going long on $ENS dao token.
An ENS (Ethereum Name Service) is very similar to a DNS (Doman Name System), where instead of seeing a large hex address whenever you search a contract address, it’ll resolve to something a bit more human-readable like exampleName.eth instead of 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B.
It might cost a bit in terms of gas fees to register an ENS, but I believe it’ll be worth it as the airdrop tokens don't have to be claimed until May next year. Even more so considering Web3.0 is around the corner… this could be the next “NFT” collectible. Better stock up on ENS’s for resale on popular names. Much more valuable to collect than an NFT given the high demand of ENS's and low supply of ENS's available.
Considering the DNS is estimated to be valued at $8B, $ENS with a similar mcap could make $ENS valued at $80 per token not accounting for distribution flow. Seeing as how 50% of the supply will be locked up in the community treasury, it could be valued at least $160 instead (or 0.035 ETH at eth valued at $4.5k). But with 10% of the supply being available at launch we could see a high of $800 per token (or 0.2ETH at a $4.5k eth) if the fomo is strong at release.
I'd argue it could be worth even more per token given the amount of addresses per wallet/contract on the eth ecosystem that will use ENS's out of convenience, compared to how often retail IP addresses dont have DNS's resolved to them unless one is running a webserver.
THE CORRECT CONTRACT ADDRESS IS 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72
I am simply using this chart as a placeholder for now until the $ENS contract officially releases on uniswap.
You can verify it from:
Going long on $ENS dao token.
An ENS (Ethereum Name Service) is very similar to a DNS (Doman Name System), where instead of seeing a large hex address whenever you search a contract address, it’ll resolve to something a bit more human-readable like exampleName.eth instead of 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B.
It might cost a bit in terms of gas fees to register an ENS, but I believe it’ll be worth it as the airdrop tokens don't have to be claimed until May next year. Even more so considering Web3.0 is around the corner… this could be the next “NFT” collectible. Better stock up on ENS’s for resale on popular names. Much more valuable to collect than an NFT given the high demand of ENS's and low supply of ENS's available.
Considering the DNS is estimated to be valued at $8B, $ENS with a similar mcap could make $ENS valued at $80 per token not accounting for distribution flow. Seeing as how 50% of the supply will be locked up in the community treasury, it could be valued at least $160 instead (or 0.035 ETH at eth valued at $4.5k). But with 10% of the supply being available at launch we could see a high of $800 per token (or 0.2ETH at a $4.5k eth) if the fomo is strong at release.
I'd argue it could be worth even more per token given the amount of addresses per wallet/contract on the eth ecosystem that will use ENS's out of convenience, compared to how often retail IP addresses dont have DNS's resolved to them unless one is running a webserver.
Comment:
Misread the DAO article. airdrop tokens are only going to be given to those who've registered an ENS prior to Oct. 31st.
Nonetheless, the $ is in the .eth ENS, and not so much as the protocol itself.
Nonetheless, the $ is in the .eth ENS, and not so much as the protocol itself.
imgur.com/a/y4AWU30