$ 0.0150 USD
$ 0.0150 USD
$ 315 0.00 USD
$ 315 USD
$ 2.94173 USD
$ 2.94173 USD
$ 14.76 USD
$ 14.76 USD
0.00 0.00 EARN
Issue Time
2000-01-01
Platform pertained to
--
Current price
$0.0150USD
Market Cap
$315USD
Volume of Transaction
24h
$2.94173USD
Circulating supply
0.00EARN
Volume of Transaction
7d
$14.76USD
Change
24h
0.00%
Number of Markets
9
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
-11.52%
1Y
+36.22%
All
-99.99%
Aspect | Information |
Short Name | EARN |
Full Name | Yearn Classic Finance |
Founded Year | 2021 |
Main Founders | Anonymous |
Support Exchanges | ProBit Global |
Storage Wallet | Ledger, Trezor, etc. |
Yearn Classic Finance (EARN) is a form of cryptocurrency that was established within the domain of Defi (Decentralized Finance), which operates on the Ethereum blockchain platform. As of now, it is a part of the Yearn Finance network – a suite of products in Defi that aims to create a simple way to earn risk-adjusted returns for depositors of various cryptocurrencies.
Yearn Classic Finance's goal is to simplify the ever-growing Defi space for investors who are not technically inclined or do not have time to keep a close watch on the market by managing the funds deposited in Yearn Classic Finance's contracts. It uses automated strategies to achieve this purpose.
The native token of Yearn Classic Finance is EARN. Holding EARN tokens allows participants to take part in governance votes or earn staking rewards. Please note that Yearn Classic Finance, like the majority of cryptocurrencies, comes with its set of risks and potential rewards, and potential investors must conduct their due diligence before investing.
Pros | Cons |
Operates on Ethereum blockchain | Depends on market fluctuations |
Part of the Yearn Finance network | Technical understanding may be required |
Intends to simplify Defi for investors | Dependent on the Ethereum network's performance |
Governance participation and staking rewards through EARN tokens | Potential smart contract vulnerabilities |
Pros of Yearn Classic Finance (EARN):
1. Operation on Ethereum blockchain: EARN operates on the powerful and widely-accepted Ethereum blockchain, providing the security and reliability of this well-established network.
2. Part of Yearn Finance network: Being a part of Yearn Finance network allows EARN to leverage its suite of products that aim to provide risk-adjusted returns for cryptocurrency depositors.
3. Simplification of Defi for Investors: EARN aims to simplify the intricate Defi space for investors. This is particularly useful for those who may not be technically inclined or have time to carefully monitor the market.
4. Governance and Staking Rewards: EARN holders have the privilege to participate in governance votes, influence the development of the platform and also earn staking rewards, thus providing additional incentives to its users.
Cons of Yearn Classic Finance (EARN):
1. Market Fluctuation: Like most cryptocurrencies, the value of EARN is subject to significant market fluctuations which can add to the risk of investment.
2. Technical Understanding: Although EARN aims to simplify Defi for investors, understanding the platform's workings and the overall concept of Defi could still require a certain level of technical understanding.
3. Dependence on Ethereum: EARN‘s dependence on the Ethereum network means that any performance issues or downtime with Ethereum could impact EARN’s operations.
4. Smart Contract Vulnerabilities: Smart contracts, which are the cornerstone of any Defi project, could potentially have vulnerabilities or bugs that could be exploited by malicious agents, posing a risk to users and the platform.
Yearn Classic Finance (EARN) stands out in the crowded cryptocurrency market with its distinct approach to Decentralized Finance (Defi). The major innovation this platform introduces is the aim to simplify the complex landscape of Defi for investors, particularly for those who might not have a technical background or time to keep abreast with the rapid changes in this field.
By aligning itself with the Yearn Finance network, it has access to a suite of products that work towards ensuring risk-adjusted returns for their investors. The platform uses automated strategies to manage investor funds deposited into its contracts. This level of automation is a key factor differentiating EARN from many other cryptocurrencies, where manual intervention is required.
Another feature that empowers EARN's role in the ecosystem is its focus on participative governance. EARN token holders have the privilege to take part in governance decisions, which further allows for transparency and community involvement on the platform.
However, like all cryptocurrencies, EARN does not exist without challenges. It is tied to the performance and enigmatic market trends of the Ethereum network it operates on. Additionally, as a Defi platform, there are inherent risks associated with potential smart contract vulnerabilities.
It's noteworthy that while these innovations provide EARN with a distinct identity, it's essential for potential investors to conduct a comprehensive study before investing, considering the volatile nature of cryptocurrencies.
Yearn Classic Finance operates on a mode known as a yield aggregator. The primary principle of its working is to maximize the yield or return on investments for users who deposit their funds into its contracts.
When a user deposits their tokens into Yearn Classic Finance, they are converted into yTokens, which are yield-bearing tokens. These yTokens are then put to work in different Defi platforms that generate the highest yield. This means that funds deposited in Yearn Classic Finance are continuously seeking the best return across various platforms. The seamless movement of the funds and the reallocation to the highest yielding Defi platform is made possible through advanced smart contracts and yield optimization strategies.
Moreover, the EARN tokens of Yearn Classic Finance are governance tokens that permit the holders to vote on numerous proposals pertaining to the development of the platform. This essentially allows the token holders some decision-making authority, contributing to the platform's further development.
It's worth mentioning that the working mode and principle of Yearn Classic Finance rely on dynamic Defi environments. Hence they operate with different levels of risk and require the platform to regularly adapt its strategies to ensure optimal yields are maintained.
The information regarding the specific exchanges to buy Yearn Classic Finance(EARN), including currency pairs and token pairs they support, is dependent on real-world data which.
1.ProBit Global: This is a high-volume international cryptocurrency exchange. Here, you could typically buy STA using several currency pairs including popular ones such as EARN/BTC or EARN/ETH. Fiat currency pairs such as EARN/USD or EARN/EUR might also be available depending on the exchange's facilities.
Please check each exchange's official platform for the most accurate and current information.
Yearn Classic Finance (EARN) operates on the Ethereum blockchain, therefore, it can be stored in any wallet that supports Ethereum-based (ERC-20) tokens. Here are some types of wallets that you can use:
1. Hardware Wallets: These are physical devices designed to securely store cryptocurrency in an offline environment, providing a strong layer of security against hacks. Examples include Ledger and Trezor.
2. Software Wallets: These are applications that can be installed on a device (like a computer or smartphone). They are easy to use and convenient for managing your cryptocurrencies on a day-to-day basis. Examples include MyEtherWallet and Metamask.
3. Online/Web Wallets: These wallets can be accessed and managed through a web browser. They are highly convenient as they can be accessed from anywhere, however, they can be vulnerable to online attacks. Examples include Metamask web version and MyEtherWallet web version.
4. Mobile Wallets: These wallets exist on your mobile device providing ease of access and convenience for transactions. Examples include Trust Wallet and imToken.
5. Decentralized Wallets: These are non-custodial wallets that allow you full control over your private keys. They exist on the blockchain and enable direct transactions. Metamask and Trust Wallet are examples of decentralized wallets.
Always remember that secure storage of tokens requires careful management of private keys and other access features. Always ensure your wallet is updated to the latest version and remember to make regular secure backups.
Buying Yearn Classic Finance (EARN) is generally suitable for individuals who have an understanding of the cryptocurrency market as well as the specific dynamics and risks associated with decentralized finance (Defi). This may include seasoned cryptocurrency traders, blockchain enthusiasts, and investors interested in diversifying their portfolios with a range of digital assets.
Before deciding to buy EARN:
1. Detailed Research: You should have a good understanding of what Yearn Classic Finance is, its objectives, and how it works. This includes researching about their technology, studying its market trends, and gaining solid comprehension of the Defi and Ethereum ecosystem because EARN operates within this framework.
2. Risk Evaluation: Spaeculative cryptocurrencies, including EARN, can deliver large gains but also possess a significant level of risk. Assessing your risk tolerance is key. Remember that investing in cryptocurrencies should only form a fraction of a diversified investment portfolio.
3. Understand the Defi Space: Defi is one of the more complex and rapidly developing segments within the crypto industry. It requires a fair amount of technical knowledge. You should have a clear grasp of the terms like liquidity mining, farming, staking, and yield aggregating.
4. Market Trends: Keep an eye on market trends and news concerning Ethereum and the Defi market, as these can significantly impact the value of EARN.
5. Secure Wallet: Make sure you have a secure digital wallet that supports Ethereum-based tokens, as EARN is an ERC-20 token.
6. Professional Advice: If you are new to investing or unsure about anything, it may be worthwhile to seek professional financial advice. This will help you make informed decisions based on your personal circumstances and risk appetite.
Remember, the value of cryptocurrencies can swiftly change, often without warning. Therefore, do not invest money you cannot afford to lose.
Yearn Classic Finance (EARN) is a digital asset that operates within the growing domain of decentralized finance or Defi. The platform aims to simplify investment in the Defi space by automatically reallocation users' funds across various Defi platforms for the highest yield. This level of automation and simplification sets EARN apart from many other cryptocurrencies.
As with all cryptocurrencies, the potential for EARN to appreciate in value or generate a profit relies heavily on market factors, user adoption, technological advancements, and regulatory conditions in the crypto space. Given its positioning within the rapidly-evolving and highly innovative Defi sector, there is potential for EARN's growth.
However, like any other speculative investment, there is also a risk of loss. The value of EARN could decrease based on market shifts and potential technical or security issues. To mitigate these risks, continuous market tracking, research, and due diligence are recommended for potential investors.
Overall, the development prospects for EARN, as with any cryptocurrency, are uncertain and require careful consideration and risk assessment. It is recommended that potential investors perform their thorough research or seek professional advice prior to investing.
Q: How does Yearn Classic Finance (EARN) differentiate itself from other cryptocurrencies?
A: EARN differentiates itself by its objective to simplify the complex Defi domain for investors through advanced automation and by offering participative governance to its token holders.
Q: What are some advantages and drawbacks of Yearn Classic Finance (EARN)?
A: Pros include its operation on the Ethereum blockchain, offering simplified Defi investment, while cons include its dependence on market fluctuations, potential for smart contract vulnerabilities, and requirement for technical understanding.
Q: In which wallets can Yearn Classic Finance (EARN) be stored?
A: Being an Ethereum-based (ERC-20) token, EARN can be stored in any Ethereum-compatible wallets including hardware, software, online, mobile, and decentralized wallets.
Q: Who should consider buying Yearn Classic Finance (EARN)?
A: Those with an understanding of the volatile cryptocurrency market, familiarity with the Defi dynamics, and a willingness to undertake the associated risks could consider investing in EARN.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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