Metaverse Coin ETNA network price up 12% amid migration and vault updates – The VR Soldier

The Metaverse crypto coin gaining the most price today is ETNA Network, up over 12%. Today’s price hike comes amid a recent migration and updates to ETNA’s Vault dashboard, allowing users to stake and mine ETNA and MTB tokens with excellent APR .

What is the ETNA Network (ETNA)?

Launched in March 2021, ETNA Network (ETNA) is a Metaverse blockchain platform that connects GameFi and NFT applications within a single ecosystem.

ETNA Network introduces its BEP-20 ETNA Governance Token, as well as its Play-to-Earn and Metaverse Rewards Asset Metabolism (MTB) Token.

The platform seeks to be a single ecosystem for crypto products and technologies, with a multi-utility ecosystem with products spanning DeFi, NFT, gaming, and everything in between.

Currently, the project offers a play-to-earn game that users can download on PC and try. To start playing, users must purchase an NFT from the ETNA market. There are dozens of NFTs available with a price range between $100 and $200 at the time of writing.

ETNA Network is like a crypto galaxy. It aims to be a one-stop-shop ecosystem for interconnected crypto products and technologies. It’s a multi-utility ecosystem with products spanning NFT, gaming, DeFi, and everything in between.

The project currently offers their play-to-earn game which users can download on PC and check out. To start playing, users must purchase an NFT. There are dozens of NFTs available in the ETNA NFT market, costing around $150-$160 at the time of writing.

Why is the price of ETNA increasing?

ETNA is up over 12% today, and the recent news that has likely contributed to the current price rise is the migration and update of ETNA’s vault, a dashboard allowing holders to stake their tokens for rewards.

Users must log in with a compatible wallet like MetaMask and switch to the Polygon network to start using the vault. There are different options for users to start earning rewards including token staking, NFT staking, and cash mining.

Users can stake their ETNA and MTB tokens for three to 365 days. The APY varies depending on how long users lock their tokens and can go up to 60%.

Users can also stake their NFTs if they purchased one from the NFT market. Last but not least, holders can receive up to 250% APR for mining liquidity on the platform, which is quite substantial.

At the time of writing, the most popular staking option is the 30-day Silver Vault token staking with a 20% APR. The TVL at the time of writing was 1.4 million ETNA, or around $140,000 at the time of writing.

Final Thoughts

With a current market cap of $1.2 million, ETNA Network is one of the most underrated projects out there. Additionally, the fact that the team has several fully functional products is a testament to the huge long-term potential of this coin.

The only worrying fact about ETNA is that two addresses hold more than 69% of the total token supply.

Source: scan bsc

Other than that, ETNA has good long-term potential, and their recent Vault upgrade is a great way to incentivize holders.

You can buy ETNA on PancakeSwap, MEXC and CoinTiger.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse cryptocurrency.

Read also :

Top 5 Metaverse Crypto Coins With Market Cap Below $15 Million To Watch In 2022

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