ETERNAL

Aspect	Information
Short Name	ETERNAL
Full Name	Eternal Token
Founded Year	2018
Main Founders	Atom Solutions Co., Ltd.
Support Exchanges	Exrates, Sistemkoin, YoBit, P2PB2B, AirSwap
Storage Wallet	MyEtherWallet, Ledger Nano S, Trezor

Overview of ETERNAL

Eternal Token (ETERNAL) is a decentralized digital currency that was introduced by Atom Solutions Co., Ltd. in 2018. Designed to operate on the Ethereum platform, it's primarily exchanged on platforms such as Exrates, Sistemkoin, YoBit, P2PB2B, and AirSwap. With respect to storage, ETERNAL can be stored and managed in digital wallets like MyEtherWallet, Ledger Nano S, or Trezor. All the transactions of this cryptocurrency, like those of other cryptocurrencies, are recorded on a blockchain. Beyond that, further scrutiny and understanding of the token would require a deeper dive into its white paper and its provided technical, financial, and legal details.

Pros and Cons

Pros	Cons
Operates on Ethereum platform	Limited exchange support
Supported by multiple wallets	Relatively new and unproven
Transparent transactions via blockchain	Dependent on Ethereum's network stability
Introduced by established company	Potential network congestion issues

Here are the detailed evaluations of the ETERNAL token based on the identified pros and cons.

Pros:

• Operates on Ethereum platform: The Ethereum platform, on which ETERNAL operates, is one of the most widely-used and established blockchain platforms. This means that it benefits from the robustness and security features inherent to the platform.

• Supported by multiple wallets: Having support across multiple digital wallets enhances the token's usability and accessibility for users. The wallets mentioned, MyEtherWallet, Ledger Nano S, and Trezor, are widely used and have good security features.

• Transparent transactions via blockchain: The use of blockchain technology ensures that all transactions are transparent, permitting users to trace and verify transactions on the public ledger.

• Introduced by an established company: ETERNAL was introduced by Atom Solutions Co., Ltd., which adds credibility as the company has a track record in the tech industry.

Cons:

• Limited exchange support: While ETERNAL is listed on some exchanges, the choice is comparatively limited. This means that accessibility may be constrained for users who are only registered on certain exchanges.

• Relatively new and unproven: As a newer token introduced in 2018, ETERNAL may not yet have proven its long-term potential and stability, which can be seen as a risk for investors.

• Dependent on Ethereum's network stability: ETERNAL's operation on the Ethereum platform also means its dependent on the platform's network stability. If Ethereum experiences issues, this could potentially affect ETERNAL.

• Potential network congestion issues: Network congestion can occur on blockchain platforms, slowing down transaction speeds. If Ethereums network becomes highly congested, ETERNAL transactions may also be affected.

Circulation of ETERNAL

According to CoinMarketCap, as of September 8, 2023, 12:00 PM PST, the market capitalization of ETERNAL is $14.6 million USD. The total amount of ETERNAL in circulation is 146 million tokens. The 24-hour trading volume of ETERNAL is $19,263.59 USD. The current price is $0.106477 USD.

The all-time high price of ETERNAL was $0.602090 USD on March 10, 2023. The all-time low price was $0.005064 USD on September 1, 2022.

Here is a table of the historical prices of ETERNAL:

Date	Price (USD)
2023-09-07	0.106477
2023-09-06	0.110147
2023-09-05	0.114584
2023-09-04	0.118255
2023-09-03	0.120821

Please note that the prices of cryptocurrencies are volatile and can change rapidly. The information provided is for informational purposes only and should not be considered financial advice.

What makes ETERNAL unique？

Eternal Token (ETERNAL) introduces a unique mechanism where the token is issued in correspondence with the holding country of Eternal Coin (XEC), another cryptocurrency introduced by the same company, Atom Solutions. This tie between two cryptocurrencies is a unique characteristic that distinguishes ETERNAL from typical cryptocurrencies that exist independently.

Moreover, Atom Solutions emphasizes on the global remittance feature of ETERNAL. This focus is a deviation from other cryptocurrencies whose primary objective may be a store of value or a decentralized application utility token. However, how this innovation will pan out in the long term and how effectively it will be adopted by the market remain to be seen.

In addition, as ETERNAL is built on the Ethereum platform, it also inherits Ethereum's smart contract capabilities, which could permit the development of programmable, self-executing contracts. This is a common feature among other Ethereum-based tokens, thus it is not unique to ETERNAL.

Despite these innovative aspects, it's worth noting that, by relying on the Ethereum network, ETERNAL faces similar challenges with scalability and network congestion that affect many other cryptocurrencies on the same platform.

How Does ETERNAL Work？

Eternal Token (ETERNAL) operates on the Ethereum platform, which is a Proof of Stake (PoS) system, distinctly different from Bitcoin's Proof of Work (PoW) system.

In normal operations, ETERNAL is not mined like Bitcoin. Bitcoin's mining process involves solving complex mathematical problems using dedicated hardware (ASICs), which consumes a significant amount of energy and time. With Ethereum transitioning to the Ethereum 2.0 upgrade, it shifts from the traditional PoW methodology to a PoS methodology where new blocks are validated by coin holders, which conserves energy and has a shorter processing time. This PoS principle is applicable to all ERC20 tokens, including ETERNAL.

However, there may be different facets to the operation of ETERNAL not common to typical ERC20 tokens based on its unique linkage with Eternal Coin (XEC). It's claimed that ETERNAL can be automatically swapped with XEC, but the intrinsic mechanisms of this feature would likely be understood best by viewing the detailed technical documentation provided by Atom Solutions.

Furthermore, Ethereum transactions generally process faster than Bitcoin. Because ETERNAL resides on the Ethereum blockchain, it benefits from the quicker block times of Ethereum. Yet, it's also critical to consider the scalability issues and potential network congestion on the Ethereum platform that might impact transaction speeds for ETERNAL.

Exchanges to Buy ETERNAL

Eternal Token (ETERNAL) is primarily listed on several cryptocurrency exchanges. These include Exrates, Sistemkoin, YoBit, P2PB2B, and AirSwap. Each of these platforms offer services that allow users to buy, sell, or trade ETERNAL against other cryptocurrencies. Transactions made on these exchanges should generally include order matching, trade executions, and providing sufficient liquidity for users. The specific trading pairs available for ETERNAL and their respective transaction fees would need to be verified directly on each platform. It's also important to note that the inclusion or support of a token on an exchange does not constitute endorsement or guarantee of its value or stability.

How to Store ETERNAL？

ETERNAL tokens can be stored in any wallet that supports ERC-20 tokens, as it operates on the Ethereum blockchain. Some of the notable wallets that can be used to store and manage ETERNAL tokens include:

Web-based Wallets, like MyEtherWallet. This open-source interface allows the user to directly interact with the Ethereum blockchain while remaining in full control of their keys and funds.

Hardware Wallets, such as Ledger Nano S and Trezor. These physical devices provide an extra layer of security by storing private keys offline, making them immune from online threats like hacking. They are recommended for storing large amounts of cryptocurrency.

Desktop Wallets, can also be used, like MetaMask, which is a browser extension that enables users to run Ethereum Dapps right in their browser.

In all cases, it's crucial that the private key or back-up phrase is stored securely as losing it would result in a permanent loss of access to the stored tokens. Therefore, it's recommended that users understand the respective security measures and usability of the wallets before deciding on one.

Should You Buy ETERNAL？

As an expert in the sector, it's important to clarify that no absolute advice can be given on whether to buy a particular cryptocurrency, including ETERNAL. Purchasing any cryptocurrency requires a careful evaluation of your individual financial circumstances, risk appetite, and investment objectives.

However, ETERNAL might be of interest for various types of investors:

Cryptocurrency enthusiasts and early adopters: Those who are interested in exploring new and innovative digital currencies might see value in ETERNAL given its unique link with Eternal Coin (XEC) and its focus on global remittances.

Tech-savvy investors: Investors with a solid technological understanding might be interested in the tech aspects of ETERNAL such as its operation on the Ethereum platform, transparent transactions via blockchain, and the possibility of leveraging Ethereum's smart contract capabilities.

High-risk investors: Given that ETERNAL is relatively new and therefore less proven compared to more established cryptocurrencies, it may attract investors who have a larger appetite for risk and are willing to experiment with newer tokens in the market.

Prospective buyers should remember that cryptocurrency investments are risky and prices can be extremely volatile. It's essential to do thorough research and understand the project, including reading the white paper, understanding the use case and demand for the token, staying abreast with news affecting the project, and seeking advice from a financial advisor if necessary before making any investment decisions. Lastly, users should be prepared for the possibility of losing their entire investment, as with any high-risk investment.

Conclusion

Eternal Token (ETERNAL), developed by Atom Solutions Co., Ltd. in 2018, is an Ethereum-based cryptocurrency with a unique connection to another currency, Eternal Coin (XEC). This distinction, along with the emphasis on global remittances, sets ETERNAL apart from many other digital currencies. Thus far, it is traded on several exchanges and supported by various wallet types, leading to its accessibility to a wide range of potential investors.

However, investing in ETERNAL, like any other cryptocurrency, comes with inherent risks due to the fluctuating nature of digital currency markets. The newer status of ETERNAL, its dependence on Ethereum's network stability, and potential network congestion issues also add layers of uncertainty.

As for the development prospects and profitability of ETERNAL, these are influenced by several factors including market conditions, technological advancements, regulatory developments, and the overall success of the Ethereum platform. Given these factors, it is challenging to predict the exact appreciation potential of ETERNAL. Therefore, potential investors should execute their due diligence and possibly seek professional financial advice before deciding to invest in ETERNAL.

FAQs

Q: What kind of platform does ETERNAL operate on？

A: ETERNAL is a digital currency that operates on the Ethereum platform.

Q: Who established the ETERNAL token and in what year？

A: ETERNAL was introduced in 2018 by Atom Solutions Co., Ltd.

Q: What are the well-known exchanges supporting ETERNAL？

A: Exrates, Sistemkoin, YoBit, P2PB2B, and AirSwap are among the exchanges that support ETERNAL.

Q: What wallets can be used to store ETERNAL tokens？

A: ETERNAL tokens can be stored in any wallet that supports ERC-20 tokens, such as MyEtherWallet, Ledger Nano S, and Trezor.

Q: What differentiates ETERNAL from other cryptocurrencies？

A: ETERNAL uniquely corresponds with the holding country of another cryptocurrency, Eternal Coin (XEC), and focuses on global remittances, differing from many other digital currencies in the market.

Q: How does the Ethereum platform's network stability affect ETERNAL？

A: ETERNAL's effectiveness and stability depend on the Ethereum platform's network stability, meaning any issues with the Ethereum platform could impact ETERNAL.

Q: Who might be interested in investing in ETERNAL？

A: Cryptocurrency enthusiasts, tech-savvy investors, and high-risk investors might find it interesting to invest in ETERNAL due to its unique features and tech aspects.

Q: Is it possible to forecast the future appreciation of ETERNAL？

A: Predicting the precise appreciation potential of ETERNAL is challenging due to multiple factors like market conditions, technology changes, regulatory developments, and the success of the Ethereum platform.

Q: Is investment in ETERNAL risk-free？

A: No, investing in ETERNAL, like any other cryptocurrency, entails inherent risks due to market volatility and uncertainties pertaining to its newer status and dependency on Ethereum's network stability.