Earnx Coin: A Worthy Investment Or A Risky Gamble?

EarnX (EARNX) is a utility token of the EarnX platform, which launched on April 3, 2021, and is currently unavailable for purchase or trade on platforms such as Binance and Coinbase. EarnX is a metaverse platform that connects the physical and digital worlds through non-fungible tokens (NFTs) inspired by native art forms from around the world. Users can acquire physical products with embedded RFID chips that grant access to the linked NFTs. The EARNX token is a cross-chain utility token with a limited supply, and its value is maintained through cryptocurrency burning. While EarnX has seen recent price increases, cryptocurrency investments carry high market risk and price volatility, so it is essential to understand the associated risks before investing.

EarnX's price volatility

EarnX (EARNX) is a utility token of the EarnX platform, which launched on 3 April 2021. The platform is a metaverse that connects the physical and digital worlds with NFTs. EarnX is built on the Binance Smart Chain Platform and merges NFTs and physical products using RFID chips for proof of ownership on the blockchain.

The EARNX token is a cross-chain utility token, which means it can be easily swapped between two different blockchain ecosystems. The supply of the token is limited, and a process of token burning is used to maintain its value. Token burning involves sending a fraction of tokens to a wallet with no private key, so that the tokens are lost permanently. This reduces availability and increases market value.

EarnX also has a 10% tax on each transaction to help prevent price manipulation. Five per cent of this tax is redistributed to existing token holders, and the other 5% is added to the liquidity pools available on the EarnX platform.

As with other cryptocurrencies, EarnX prices are subject to high market risk and price volatility. The price of EarnX has been volatile, with the token increasing by 100% in an hour, and by 100% in a week. In the last 24 hours, EarnX is -6.2% with a circulating supply of 6,885.12 billion.

The EarnX platform

EARNX is an unprecedented version of NFTs that can retain their value lifelong and is driven by the community. It is a frictionless yield-generating token that taxes 10% on each buy and sell, with 5% rewarded to the holders and the remaining 5% becoming auto liquidity.

EARNX tokenomics

EARNX is a utility token for the EarnX platform, which is built on the Binance Smart Chain Platform. The EarnX platform is a metaverse platform that connects the physical and digital worlds with NFTs. The platform offers physical products with embedded RFID chips that provide access to the linked NFT. The EARNX token is designed to power the EarnX ecosystem, facilitating transactions and supporting unique art-based non-fungible tokens (NFTs).

One of the key features of EARNX tokenomics is its cross-chain utility. As a cross-chain token, EARNX can be easily swapped between two different blockchain ecosystems, providing users with greater flexibility and accessibility. Additionally, the supply of EARNX tokens is limited, and tokens are burned to maintain their value. Token burning involves sending a fraction of tokens to a wallet with no private key, permanently removing them from circulation. This strategy helps to reduce the availability of tokens and increase their market value.

The EARNX token also includes a 10% tax on each transaction to prevent price manipulation. This tax is redistributed in two ways: 5% is given back to existing token holders, and the other 5% is added to the liquidity pools available on the EarnX platform. This redistribution mechanism encourages users to hold onto their EARNX tokens and contributes to the overall stability of the token's value.

Another aspect of EARNX tokenomics is its frictionless yield-generating capability. The 10% tax on each transaction not only helps prevent price manipulation but also distributes rewards to token holders and contributes to auto-liquidity. Additionally, 5% of minted EARNX tokens are kept in the yearn classic finance deployer account to buy back EARN and EARNX out of generated fees. This strategy further supports the long-term value of the token.

The EarnX platform also introduces a unique category of NFTs that can retain their value for life and are driven by the community. This innovative approach to NFTs adds a layer of stability and community engagement to the EARNX tokenomics. The combination of physical products, NFTs, and token distribution mechanisms creates a complex but potentially rewarding system for users and investors.

Where to buy EarnX

EarnX (EARNX) is a utility token for the EarnX platform, which is a metaverse platform that connects the physical and digital worlds with NFTs. The platform offers physical products with embedded RFID chips that provide access to the linked NFT.

Regarding where to buy EarnX, it is important to note that it is not available on some major trading platforms like Binance and Coinbase. However, you can refer to Binance's "How to Buy EarnX" guide for more information. Here are the steps to buying EarnX on PancakeSwap, which is now available on Hotbit.io:

• Open your Trust Wallet or Metamask, click on Smart Chain, and then click on Receive. Copy the wallet address.
• Go to Binance, paste the address as the Recipient's BNB Address, select Binance Smart Chain (BSC), and send your BNB to your Trust Wallet. Give Binance half an hour to send your coins. If you already have BNB in your Trust Wallet, skip this step.
• After receiving the coins, check if Browser is visible between Wallet and DEX in Trust Wallet. If not, go to Safari and type trust://browser_enable to activate the dApp Browser. Click on Browser.
• Click on Connect (you may be automatically connected).
• Choose V1, click on the gear icon, and set the slippage to 11% or more.
• At the top, enter the number of BNB you want to convert to EarnX.
• Below that field, click on "Select a currency," paste 0x9c28e48ea9170d9a9cb76d338655b8bd4124bc7a, and EarnX will appear.

You can also buy EarnX with Metamask, but you will need to use the add custom RPC functionality to add the Binance Smart Chain/BSC. After setting up BSC, you can use Metamask to buy any BSC token. Additionally, you can use PancakeSwap for holding EarnX, and Hotbit for trading.

EarnX's utility

EarnX is a utility token for a unique version of NFTs that can retain their value over time and is driven by its community. The EarnX platform is a metaverse platform that connects the physical and digital worlds with NFTs. It brings together native art creators from around the world to offer customized, verifiable, antique, and unique physical NFTs to art lovers. The platform seeks to protect endangered native arts.

The EarnX platform offers physical products with an implanted RFID chip that gives users access to the NFT linked to it. This chip is a radio frequency-based tracking mechanism that helps to search, identify, and track items and people. The main products on the platform are luxurious Persian physical carpets and sports goods.

The EARNX token powers the entire ecosystem. It is a cross-chain utility token, which means it can be easily swapped between two different blockchain ecosystems. The supply of the EARNX token is limited, and a fraction of tokens is burned to maintain the token's value. A 10% tax is imposed on each transaction to prevent price manipulation, with 5% of the tax redistributed to existing token holders and the other 5% added to the liquidity pools available on the EarnX platform.

The EarnX platform was launched on April 3, 2021, by Marcus King, the current CEO. The total supply of EARNX tokens is 21,000 billion.

Frequently asked questions