Ethernity Chain (ERN) Soars 77% as Binance Supports Token Swap and Rebrand

Ethernity Chain has rebranded its ERN token as EPIC, resulting in a near 80% price surge in the past 24 hours. Binance will gradually implement this name change across its platform, potentially leading to some market fluctuations.

Subsequently, Binance issued an official statement outlining the key stages of the ERN to EPIC token swap. The exchange will cease all trading pairs for ERN tokens at 03:00 UTC on March 10th, 2025, followed by the suspension of ERN withdrawals at 03:30 UTC on the same day.

Furthermore, deposits of the new EPIC tokens will commence at 07:00 UTC on March 13th, 2025, with EPIC/USDT trading pairs opening at 08:00 UTC on the same day. Binance has confirmed a 1:1 exchange ratio (1 ERN = 1 EPIC).

Binance to Remove ERN Margin Trading

Binance will gradually shut down its ERN services before completely stopping ERN trading. Cross and Isolated Margin trading for ERN ends March 6th, 2025, at 6:00 UTC. Flexible Rates and VIP Loans for ERN will stop at 3:00 UTC that same day.

Finally, Simple Earn services and subscriptions for ERN will be disabled at 3:00 UTC on March 7th, 2025. This will affect automated and copy trading using ERN. Binance will announce EPIC withdrawal details separately.

Notably, the announcement caused a significant price jump. Within a day, ERN surged 79.7%, hitting $1.67, with trading volume up over 2400%, according to CoinGecko data. This shows strong market interest in the EPIC rebranding. The positive response suggests optimism about Ethernity Chain’s future. Binance’s support highlights its influence in crypto.

Adding EPIC to Binance is a major step for the Ethernity Chain. It will ease the transition and allow Ethernity Chain to benefit from Binance’s large user base and liquidity. This is a prime example of a successful token swap and rebranding. Users should watch Binance announcements for updates and manage their assets accordingly.

Trading strategies need to be adjusted to avoid problems. The market’s positive, but the swap’s success depends on EPIC adoption and Ethernity Chain’s continued growth. This mirrors other instances where exchange listings boosted prices, like KAITO’s recent success.

What is the Ethernity Chain (ERN)?

Ethernity Chain (ERN) is an ETH Layer 2 platform with enhanced AI-driven security that allows users to create, buy, and sell non-fungible tokens (NFTs) on its blockchain. You can also earn rewards by staking ERN tokens and participating in platform governance. It’s built on the Ethereum blockchain and offers NFT farming opportunities through liquidity provision in ERN pools.

A percentage of each NFT sale goes to charity. The platform connects digital artists with buyers, bridging traditional entertainment with blockchain technology. It boasts partnerships with celebrities like Lionel Messi, Shaquille O’Neal, and Muhammad Ali. Information on where to buy ERN can be found elsewhere.

Ethernity Chain (ERN) is also making waves in the Web3 space. Its easy-to-use tools empower brands to create cutting-edge applications for Web3 games, digital collectibles, real-world assets (RWAs), and interactive media. Exciting projects on the horizon include the FanableApp RWA marketplace and the Exorians sci-fi game.

ERN Market Tracjactory Today

Recent market activity shows a surge in ERN trading volume, a whopping 2,423.40% increase in the last 24 hours, totaling $181 million. While ERN’s current price is significantly below its all-time high of $73.86, it’s still performing well above its all-time low of $1.16.

Currently, it has a market capitalization of over $54 million, calculated using the circulating supply of 24 million ERN tokens.

The fully diluted valuation (FDV) is $68 million, representing the maximum potential market cap based on a total supply of 30 million tokens. Despite the overall crypto market downturn (-15.30%), ERN is thriving, with a 58.20% price increase over the past 7 days. It’s also outperforming similar Smart Contract Platform cryptocurrencies, down over 18.50%.

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