What is Essentia (ESS) | What is Essentia token | What is ESS token

What is Essentia (ESS) | What is Essentia token | What is ESS token

Essentia is a masternode powered blockchain that enables interoperability and cross-chain transactions. It is an ‘all-in-one platform’ that manages all things crypto. With Essentia users can: trade, swap, and add liquidity. Integrated with L2 transactions via zk-SNARKs sdk and Starkware. Essentia is designed to be Simple. Secure. and Decentralized. What is Essentia (ESS) | What is Essentia token | What is ESS token

In this article, we'll discuss information about the Essentia project and ESS token

Essentia is a masternode powered blockchain that enables interoperability and cross-chain transactions. It is an ‘all-in-one platform’ that manages all things crypto. With Essentia users can: trade, swap, and add liquidity. Integrated with L2 transactions via zk-SNARKs sdk and Starkware. Essentia is designed to be Simple. Secure. and Decentralized.

macbook-essentia-app

Masternodes

Masternodes are PoS consensus nodes, that perform utility functions for the Essentia network such as storing metadata, processing transactions, and signings blocks. Each node makes the network more decentralized, secure, and stable. A masternode operator receives 25% of total block rewards.

Supernodes

Supernodes are PoS consensus nodes, it performs same functions that masternodes. The main difference between supernode and masternode is rewards, supernode receives 75% of total block rewards, but it also needs bigger collateral to run it.

The Essentia Blockchain

The Essentia framework is bootstrappable from anywhere in the world from just a seed. For any consumer needing decentralized storage or crypto exchanges, organizations requiring smart-contract capabilities or developers wanting to build blockchain solutions - it’s the most efficient way to experience and utilize the new internet, where cryptography rules and data remains in the control of the user.

ess-framework

Services

Staking

If you have cryptocurrency laying idle in your wallet, consider depositing it to our staking pools - earning passive income for the whole time they remain staked.

Farming

Providing liquidity to our pools will allow you to earn passive income at high-interest rates. Will be active soon.

Borrow

Borrowing on Essentia grants you access to a wide variety of loans. From stablecoins to highly volatile food-currencies.

Lending

Provide your assets to borrowers using the Essentia protocol and earn passive income off of your loans.

How It Works Essentia Defihub

defihub

WHAT IS THE ESSENTIA TOKEN?

ESS Tokens are ERC20 based tokens which operate on the Ethereum network. They can be stored on multiple wallets, including the in-house Essentia storage, and can be freely transferred from one wallet to another.

ESS token mission: to provide users with seamless access to the Essentia network, its functionality, and services, and to enhance the security of the Network. 

ESS tokens run through the network and are used to purchase premium services provided by Essentia, such as additional decentralized storage of assets and data. They make it possible to widen the range of the available services, secure the network operations, and encourage direct participation in the development of the Ecosystem.

Source : https://www.youtube.com/watch?v=tAVRxNUna5U

How and Where to Buy Essentia (ESS)?

Essentia is now live on the Ethereum mainnet. The token address for ESS is 0xfc05987bd2be489ACCF0f509E44B0145d68240f7. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

If you don't have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Next step

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy ESS token

Contract: 0xfc05987bd2be489ACCF0f509E44B0145d68240f7

Read more: What is Uniswap | Beginner's Guide on How to Use Uniswap

The top exchange for trading in ESS token is currently Uniswap(v2), Gate.io, Bitfinex, Bilaxy, Hotbit, and 1inch Exchange

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ESS gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com  ☞ https://www.bittrex.com  ☞ https://www.poloniex.com  ☞ https://www.bitfinex.com  ☞ https://www.huobi.com  ☞ https://www.mxc.ai  ☞ https://www.coinbase.com

Find more information ESS

WebsiteExplorerExplorer 2WhitepaperSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you're a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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