The Ennead emerges as an innovative solution in the ever-evolving world of decentralized finance (DeFi). Built upon the ve(3,3) protocols, it serves as a robust optimization layer designed to maximize returns for liquidity providers and veNFT holders. Unlike traditional models that rely on artificial emissions to boost returns, The Ennead delivers true Real-Yield by leveraging and enhancing existing infrastructures such as the veRAM fee/bribing model. By pooling collective resources, it enhances the ecosystem's overall efficiency, seamlessly integrating with users’ needs and passing genuine revenue-based returns to neadRAM stakers. Dive into the future of DeFi and discover how The Ennead is setting a new benchmark for yielding real, sustainable profits.
What is The Ennead?
The Ennead is an optimization layer built upon ve(3,3) protocols. It aims to pool collective resources to bolster the ecosystems and provide a seamless integration for all users. The Ennead is able to provide true Real-Yield without relying on an emissions model artificially pumping the returns. This is done through optimizing existing infrastructure, such as the veRAM fee/bribing model, along with providing boosting support. Returns are passed down to neadRAM stakers, giving natural yield from fee revenue on a service-- which is by definition "real-yield" as there are no artificial returns. In short, The Ennead allows ve(3,3) LP depositors and veNFT holders to maximize their returns.
Token Market Data
Coin Statistics:
- Current Price: $0.0288
- Market Cap: $0.00
- 24h Price Change: -1.37%
- 7d Price Change: 12.96%
- 30d Price Change: 46.65%
- 24h High: $0.0307
- 24h Low: $0.0287
- All-Time High: $1.2279 (2023-05-02T23:05:00.000Z)
- All-Time Low: $0.0000 (2023-04-20T21:14:00.000Z)
- Circulating Supply: 0.00
- Total Supply: 8,651,427.00
Purpose and Utility of The Ennead Crypto Token
Solving Key Problems in DeFi
The Ennead crypto token (NEADRAM) is an optimization layer built upon ve(3,3) protocols, focusing on yield optimization in connection with the Ramses Exchange on the Arbitrum platform. The token aims to solve the problem of maximizing returns for ve(3,3) LP depositors and veNFT holders by pooling collective resources and providing a seamless integration for all users.
The Ennead token provides real-yield without relying on an emissions model artificially pumping the returns. It optimizes existing infrastructure, such as the veRAM fee/bribing model, and offers boosting support. The returns are passed down to neadRAM stakers, giving natural yield from fee revenue on a service, which is by definition "real-yield" as there are no artificial returns.
Functionality within the Ecosystem
The Ennead (NEADRAM) is a cryptocurrency token that operates on the Arbitrum platform, focusing on yield optimization in connection with the Ramses Exchange. The Ennead is an optimization layer built upon ve(3,3) protocols, aiming to pool collective resources to bolster ecosystems and provide seamless integration for all users.
The Ennead token functions within its ecosystem by allowing ve(3,3) LP depositors and veNFT holders to maximize their returns through optimizing existing infrastructure, such as the veRAM fee/bribing model, along with providing boosting support. The returns are passed down to neadRAM stakers, giving natural yield from fee revenue on a service, which is by definition "real-yield" as there are no artificial returns.
Unique Features and Benefits
One unique feature of The Ennead is its ability to provide true Real-Yield without relying on an emissions model artificially pumping returns. It optimizes existing infrastructure, such as the veRAM fee/bribing model, along with providing boosting support. Returns are passed down to neadRAM stakers, giving natural yield from fee revenue on a service, which is by definition "real-yield" as there are no artificial returns.
The Ennead allows ve(3,3) LP depositors and veNFT holders to maximize their returns, providing a valuable service in the DeFi space.
Market Performance
In terms of market performance, The Ennead has a daily trading volume of $19,304.96 in the last 24 hours, representing a 42.30% increase from one day ago, signaling a recent rise in market activity. Its all-time high price was BTC0.051723, recorded on Apr 10, 2024, and its all-time low price was BTC0.0061341, recorded on Aug 24, 2023.
Compared to its peers, The Ennead has underperformed the global cryptocurrency market with a price decline of -20.50% in the last 7 days, while the market is down -7.10%.
Tokenomics and Distribution Model
Total Supply and Circulating Supply
The Ennead (NEADRAM) has a total token supply of 8,651,427 tokens, with 8,151,427 tokens currently in circulation. There is no maximum supply cap, as the total supply is set to be equal to the total supply.
The tokenomics and distribution model of The Ennead are not explicitly outlined in the provided sources. However, it is mentioned that The Ennead is an optimization layer built upon ve(3,3) protocols, aiming to pool collective resources and bolster ecosystems. The Ennead provides true Real-Yield without relying on an emissions model, instead optimizing existing infrastructure and passing down returns to neadRAM stakers.
Distribution Model
The Ennead's distribution model is not explicitly detailed in the provided sources. However, we can infer some aspects of its distribution model based on the information available.
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Team and Investors: The sources do not provide specific percentages allocated to the team and investors. However, it is mentioned that The Ennead allows ve(3,3) LP depositors and veNFT holders to maximize their returns, indicating that there might be a distribution to the team and investors.
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Community: The Ennead aims to provide a seamless integration for all users, suggesting that the community plays a significant role in its ecosystem. However, the sources do not provide specific percentages allocated to the community.
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Other Stakeholders: The Ennead's tokenomics and distribution model might include other stakeholders, but specific details are not provided.
Vesting Periods, Lock-Ups, and Release Schedules
As for vesting periods, lock-ups, or release schedules, the sources do not provide specific details regarding The Ennead token. However, it is mentioned that lock-up periods or vesting schedules are important for establishing a
