ETH20, a rising eco-token in its pre-sale phase, is setting a precedent with its fusion of Ethereum's essential elements with the newest innovations in blockchain technology.
Before its deadline, the pre-sale has already raised a significant sum exceeding $600,000, and a dynamic IEO is in the pipeline.
In this guide, we'll guide you through the simple process to purchase $ETH20, delve into its potential applications, and provide a glimpse into the token's potential future trajectory.
Read also: Vitalik Buterin Net Worth: The Complete Breakdown of Ethereum Founder Holdings
ETH20 Presale Key Points:
Let’s take a look at some of the fundamental features of the ETH20 platform:
- ETH20 harnesses a green cryptocurrency model, leveraging the environmentally conscious Proof-of-Stake consensus algorithm. This enables holders to support sustainable practices while making a passive income.
- The platform stands firmly on the principles of transparency and decentralization. All tokens are publicly available, with no allocation set aside for the team, demonstrating their dedication to sound tokenomics.
- The rapid sell-out of the platform's pre-sale, which raised over $600000 in mere days, indicates strong market interest. Coupled with strategic alliances and planned collaboration with decentralized applications, this may indicate a promising growth path for ETH20 in the future quarters.
How to Buy ETH20 Tokens at Presale
Find out below how to buy ETH20 presale in five simple steps that should take less than ten minutes.
Step 1: Create a Crypto Wallet
Create a crypto software wallet. We recommend MetaMask since it is easy to use and available on both PC and mobile.
Start by downloading the MetaMask app to your device, then follow the instructions to create an account. Be sure to store your seed phrase safely since you may need it to recover your account.
Step 2: Purchase Crypto to Fund Your Investment
Next, load your software wallet with crypto to fund your investment. The presale accepts ERC-20 (Ethereum) and BEP-20 (Binance) payments, but we will use the ERC-20 network for this tutorial.
Purchase either ETH or USDT with card directly on MetaMask, or send fiat to your centralized exchange account, then purchase ETH or USDT and send it to your software wallet.
Step 3: Visit the ETH20 Website
Head to the ETH20 presale and click the “Connect Wallet” button. The only official site is eth20token.com – beware of fake domains. Then, follow the instructions, authorizing the connection on Metamask when prompted.
Step 4: Buy $ETH20 Tokens
Choose the amount of $ETH20 tokens you want to buy, denominated in ETH or USDT. Then go ahead, and complete the transaction.
Step 5: Claim Your Tokens
The end of the presale will trigger a token generation event (TGE). Following this, you can revisit the ETH20 website to claim and add your tokens to your wallet. Keep in mind that gas fees can apply.
What is ETH20?
ETH20 is a unique ERC-20 token that aims to recreate the early days of Ethereum, offering everyone the opportunity to buy Ethereum at its initial price of $0.1. The total supply of ETH20 will be 120 million tokens, with 30 million tokens sold in presale at $0.1 each.
After the presale, ETH20 holders can stake their tokens to receive a share of the staking rewards. The more ETH20 you stake, the higher your rewards. This allows users to gain not only from the intrinsic value of ETH20 but also the dividends dispersed via the staking contract.
ETH20 is user-friendly and offers superior ease of use over Ethereum and others, thanks to Ethereum's position as the most utilized blockchain beyond Bitcoin. This is attributed to its smart contract capabilities and flexibility.
You can buy $ETH20 tokens with ETH, BNB or USDT (ERC-20, BEP-20). The minimum purchase is 100 ETH20 tokens ($10). There is no buy tax for presale transactions.
ETH20 also offers an exclusive NFT rewards for presale participants. The ETH20 Avatar NFT Collection is a visually captivating series of 10,000 distinct NFTs that combines pixel art representation of the ETH20 logo with hand-drawn pencil strokes. If you purchased a minimum of $200 in ETH20 tokens, you'll be eligible for free minting of one or multiple NFTs.
According to the ETH20 whitepaper, the roadmap for ETH20 includes five phases, from foundation and deployment to scaling, advanced features, and decentralization. The end goal for ETH20 is to become a fully decentralized token, with ownership and control diversified across the community.
ETH20 presents a golden opportunity for those who couldn't capitalize on the initial surge of Ethereum, earning it a spot among the must-watch cryptocurrencies. It ingeniously interweaves the building blocks of Ethereum with the latest breakthroughs in blockchain technology, opening up fresh prospects for investors. To keep a tab on the advancements of the project, consider joining the ETH20 Telegram group.
Reasons to Buy ETH20
Currently, as the market shows hints of resurgence, investors are on the hunt for the next cryptocurrency star. Let's delve into some reasons why ETH20 could be a contender for the next market rally:
Advantage of Early Entry: Echoing the nascent stages of Ethereum, the launch phase of ETH20 presents a thrilling opportunity for investors. Each token is priced competitively lower, akin to Ethereum’s price point in 2014. This enables investors to join the project at an attractively low cost, a chance many regret missing during the initial rise of Ethereum.
Green Investment with Passive Returns: ETH20 commits to the eco-friendly Proof-of-Stake protocol. Through token staking, NFT initiatives, you contribute to diminishing the environmental impact of cryptocurrencies while reaping rewards.
Far-reaching Prospects: ETH20 has a vision of ongoing token release, mirroring Ethereum's pace of block production. Therefore, buying ETH20 during its foundational phase isn't merely a short-term investment strategy. The aim is to carve out long-term opportunities for its investors. The project's roadmap, hinting at strategic alliances and integration with decentralized applications, indicates the potential for further expansion. Early involvement in the platform can provide investors with a valuable head-start in profiting from these advances.
Staking Mechanism: As previously mentioned, ETH20 provides staking rewards as a token based on the Ethereum ERC-20 standard. This enables token holders to deposit their tokens into the staking pool and earn ETH20 rewards. At the point of this writing, over 6 million tokens have been staked in the pool, boasting an impressive projected APY of 315%. The project has a five-year plan for these staking tokens, promising a sustained existence, particularly when compared to other new coins that often falter within a week. It's important for token holders to be aware of a minimum lock-in period of seven days.
Attractive Pricing: At present, the $ETH20 token is priced at $0.1 in the presale. With a fundraise exceeding $600K and growing anticipation, numerous analysts predict a significant price surge post-IEO, which is slated to occur on DEX and CEX.
$ETH20 Price Prediction – What Does the Future Hold for $ETH20?
The early acceleration of ETH20 is noteworthy. With a successful fundraising effort of $600K in just a fortnight, largely driven by robust community support, the coin shows promising signs of potential growth in the forthcoming quarters.
The platform's architecture mimics the original Ethereum model, which begins at a low cost and progressively releases tokens. Its Proof-of-Stake model promotes a reward system that may foster consistent growth. The platform's commitment to transparency and decentralization amplifies its attractiveness as these characteristics are highly sought after in the crypto realm. The smart contract has been audited by Coinsult, a leading firm in the crypto auditing space. With multi-chain integration and an NFT initiative for early contributors, ETH20 becomes more accessible and appealing to a wider range of buyers.
Furthermore, potential listings in the next quarters can ignite exponential growth. However, it's crucial to consider the general sentiment towards Bitcoin, Ethereum, and broader economic trends when choosing the most beneficial long-term investment.
Such enthusiasm is not surprising. "2.0 meta" coins often experience significant growth due to the ease with which investors can understand their potential. Generally, 2.0 coins aim to enhance certain aspects of the initial cryptocurrency, and ETH20 fits this trend.
The complete victory of XRP over the SEC has instilled newfound optimism in the market. As such, it is likely that fresh liquidity could start flowing into the market in anticipation of the 2024 Bitcoin halving event.
Consequently, our $ETH20 price prediction suggests that the project could experience a surge, potentially reaching a peak of $10 by the end of 2024. This corresponds to an increase of 10000% from its current price.
Is $ETH20 A Good Investment?
While the ultimate trajectory of ETH20 is still uncertain, its inception has been nothing short of remarkable, resonating well with investors and analysts alike due to the value proposition it presents.
With a hard cap set at a modest $3 million, the liquidity of ETH20 is a drop in the ocean compared to Ethereum's hefty market cap of $200 billion. However, ETH20 isn't merely an alternative to Ethereum; it symbolizes a second opportunity for those who missed out on acquiring Ethereum at $0.1.
For investors contemplating buying into the ETH20 presale, it's advisable to act swiftly as the price is set to escalate continually until the IEO. Thus, without a doubt, ETH20 has the potential to rank among the most promising cryptocurrencies of the moment.
