MarketCap $1.14T -0.35%
24H Volume $32.77B -31.51%
ENS is a non-profit organization managed by a DAO, and $ENS is the governance token of it. Token holders are eligible for electing root domain managers, setting protocol parameters, and distributing ENS funds. To establish the DAO, ENS announced a token airdrop of 50m $ENS tokens for ENS users and community contributors on November 1, 2021. Half of the tokens would go to users who have registered the ".eth" second-level domain before October 31, 2021, and the rest would go to the 100+ individuals and organizations that have contributed the most over the past four years, as well as Discord users. The remaining 50% of the tokens are reserved for the DAO fund, with a 10% cliff at the time of the DAO launch and the remainder to be unlocked over four years.
The supply of Ethereum Name Service (ENS) is expected to be fully unlocked by Dec 2025.