ETH20 is a hard fork token created to commemorate the Ethereum Cancun upgrade. It is an ERC-20 version built on the Ethereum blockchain. Verified proof-of-stake investment contracts will distribute ETH20 tokens following Ethereum’s original block reward schedule. By utilizing a new staking mechanism, users can stake ETH20 and receive a portion of these rewards.
Revisiting Ethereum’s Early Days
Back in 2015, Ethereum was trading at approximately $0.10. Inspired by this early phase, ETH20 aims to reintroduce the essence of Ethereum’s beginnings as an ERC-20 token.
Ethereum has become one of the most widely used blockchains besides Bitcoin, known for its smart contract functionality and ecosystem diversity.
Understanding ETH20
ETH20 pays tribute to Ethereum’s remarkable journey and introduces an innovative staking mechanism. It draws inspiration from Ethereum’s early days when the token was valued at around $0.10 in August 2015, with only 60.5 million ETH in circulation at the time.
Why ETH20 Matters
ETH20 offers a new opportunity for those who missed the chance to buy Ethereum at its lowest historical price. It allows participants to acquire what can be considered a "new Ethereum" at an accessible entry point and stake their holdings to earn passive rewards.
While traditional Ethereum mining has become cost-prohibitive for average users, anyone can purchase and stake ETH20.
The Purpose of the ETH20 Presale
The presale approach enables broader participation, allowing users to acquire tokens at approximately $0.10 before any exchange listing. The initial circulating supply will be 6,050,000 tokens with a maximum market cap of $1.5 million. For context, Ethereum's current market capitalization exceeds $1 trillion.
Claim Process and Release Date
During the presale, the system automatically sends the corresponding amount of ETH20 tokens to participants' wallets. After the presale concludes, users will be able to claim their tokens through the official website. Exact claim and release dates will be announced through official channels.
Benefits of Staking ETH20
Ethereum's proof-of-stake protocol demonstrates that long-term staking can effectively secure networks while generating passive income for participants. ETH20's smart contract is programmed to distribute rewards proportionally based on the amount staked—the more tokens staked, the higher the rewards.
ETH20 Token Listing Timeline
The staking contract is designed to release token rewards to stakers at the same rate as Ethereum itself. Therefore, ETH20 tokens are scheduled to list following the Cancun upgrade. Like Ethereum, ETH20 will have a total supply of 122,023,948 tokens.
Frequently Asked Questions
What is the difference between ETH and ETH20?
ETH20 is a hard fork token created to commemorate Ethereum's Cancun upgrade, operating as an ERC-20 token with its own staking mechanism, while ETH refers to the native cryptocurrency of the Ethereum blockchain.
How can I participate in the ETH20 presale?
You can participate using regular MetaMask or other compatible wallet applications. The system will automatically distribute tokens to your wallet during the presale period.
Is staking ETH20 similar to Ethereum staking?
Yes, both utilize proof-of-stake mechanisms, but ETH20 implements its own reward distribution system through smart contracts programmed to proportionally reward participants based on their staked amount.
When will ETH20 be available on exchanges?
The token is expected to list on exchanges following the completion of the Cancun upgrade. Exact dates will be announced through official channels.
What is the total supply of ETH20?
The total supply is set at 122,023,948 tokens, mirroring Ethereum's total supply structure.
How does the reward distribution work for stakers?
The smart contract automatically distributes rewards based on the amount of ETH20 staked, with larger stakes receiving proportionally higher rewards 👉 Explore staking strategies.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before participating in any cryptocurrency projects.