Full Ethereum Name Service tokenomics breakdown: ENS token allocation, vesting schedule, supply distribution, unlock dates, and investor terms.
Key questions and answers about Ethereum Name Service tokenomics.
Ethereum Name Service token distribution allocates 100,000,000 ENS across 2 primary stakeholder groups:
ENS uses variable cliffs and vesting schedules that change depending on the allocation:
30% of the total supply (30,000,000 ENS) is unlocked at TGE, with the entire unlock going to Community.
Ethereum Name Service has a total supply of 100,000,000 ENS, of which 77,604,165 ENS (77.6% of total) is currently circulating.
Total length of the full Ethereum Name Service emission schedule is 8 years, with 40.31% released in Year 1, while the remaining 59.69% is released over the following 7 years.
75% of the Ethereum Name Service supply is allocated to community focused pools such as Community Treasury and Airdrop.
Ethereum Name Service (ENS) is a decentralized, open, and extensible naming protocol built on the Ethereum blockchain that revolutionizes how users interact with blockchain technology. Designed to map human-readable names like 'john.eth' to machine-readable components such as Ethereum addresses, cryptocurrency wallet identifiers, content hashes, and rich metadata, ENS promotes accessibility and interoperability within the Web3 ecosystem. Its 'reverse resolution' feature allows users to associate Ethereum addresses with metadata such as canonical names or interface data, establishing an intuitive bidirectional identity framework. The $ENS token powers the Ethereum Name Service ecosystem, operating as a governance token that enables users to participate in decision-making related to protocol upgrades, fee structures, and ecosystem enhancements. The token aligns stakeholder interests, incentivizing active participation in shaping ENS's future development while ensuring the system adheres to decentralized principles. At its core, ENS operates similarly to the traditional Domain Name System (DNS) but leverages the Ethereum blockchain's unique capabilities, presenting a robust and hierarchical architecture of domains. Each domain owner wields complete control over their domain and subdomains, allowing custom configurations to meet diverse user needs. For instance, users can register 'alice.eth' and establish subdomains, such as 'wallet.alice.eth' or 'store.alice.eth', tailored for different applications. ENS seamlessly integrates with traditional DNS, enabling users to import DNS domain names for use with Ethereum-based services, bridging Web2 and Web3 infrastructures. ENS registrars, governed by Ethereum smart contracts, oversee the management of top-level domains like '.eth' and '.test'. These contract-driven registrars enforce transparent and flexible rules, facilitating equitable domain name allocation. Building on its blockchain foundation, ENS ensures a high level of security, decentralization, and interoperability, all while simplifying blockchain adoption for a global audience. Deployed on the Ethereum mainnet and several test networks, ENS's infrastructure can be effortlessly accessed by developers via tools like the ensjs JavaScript library or integrated into various end-user applications. Its decentralized, user-first ethos combined with the utility of $ENS tokens positions Ethereum Name Service as an indispensable cornerstone of Web3's evolution, enabling a seamless and inclusive digital identity standard. Learn more about ENS at [ens.domains](https://ens.domains/).
