EthereumXPrice

(ETX)

EthereumX (ETX) is a Stellar-based asset created to transform the payment industry. It seeks to establish a global peer-to-peer electronic currency system. The project addresses common blockchain issues like network congestion and slow transaction speeds. It also aims to maintain accurate ownership records without central authority, ensuring stability as user numbers expand.

EthereumX operates on the Stellar blockchain, an open-source, decentralized protocol designed to facilitate the conversion of digital currency to traditional currency both domestically and internationally. ETX leverages Stellar Lumens technology to streamline the transport of digital assets across its network, ensuring efficient and reliable operations for its payment system.

EthereumX transactions are designed for speed, typically achieving full confirmation within 5 seconds. Payments are directly transferred to users' wallets, enhancing user experience and efficiency. A significant benefit is the remarkably low transaction cost on the Stellar network, which is only 0.00001 XLM per transaction, making it highly cost-effective for users.

The platform token for EthereumX is ETX, with a maximum total supply capped at 100,000,000 coins. The distribution allocates 90,000,000 coins for community token sales, 5,000,000 coins are locked for development purposes, and another 5,000,000 coins are assigned for bounties. New ETX coins are not conventionally created; instead, EGAS tokens are airdropped monthly to holders with over 300,000 ETX tokens, calculated as 2.5% of their total ETX holdings.

ETX can be acquired through various methods, including direct purchase or by earning it through activities like inviting friends to trading platforms or participating in airdrops. Current use cases for ETX include arbitrage trading, earning yield via lending or other 'Earn' products, and sending payments to others using their receiving address. The project's official website may detail further applications, such as community and ecosystem app support, or purchasing physical and virtual goods.

Yes, ETX can be staked to earn rewards and gain governance rights within the protocol. Staking involves locking tokens within the protocol's smart contracts, with rewards typically distributed on a per-block or per-epoch basis. While staking promotes network decentralization and offers reward multipliers, it carries inherent risks, such as potential smart contract vulnerabilities and illiquidity if a lockup period is chosen. Users must manually claim rewards and initiate new staking transactions to compound their earnings.