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What is Throne (THN) coin and how does it work?

by Financial Economy

Throne (THN) Coin is an ERC-20 based Token on the Ethereum (ETH) network. As an ERC – 20 token, it is the cryptocurrency of the Throne project, which can function similarly to other crypto assets such as Bitcoin and Litecoin. Information about some topics that what is Throne (THN) coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about Nash (NEX) coin.

What is Throne (THN) coin and how does it work?

Throne is an NFT project initiative that is institutionally funded and backed by a group of blockchain engineers and successful people from the music and art world. Founders include Grammy-winning music producer Nellee Hooper, Kenya West and Drake’s former manager Gee Roberson, and Chimere Cisse, a former communications manager at Burberry. THN is the native token of the platform.

The native native token THN creates its own token economy, so creators don’t have to pay commissions if they choose to transact with THN. THN is an ERC-20 Token and is used from the platform’s payments.

How to use THN token?

On the platform, the next generation of creators will have an NFT marketplace and network designed for collectors, and all creators will be able to list for auction with a few clicks. Collectors around the world will also be able to bid to purchase NFT photos, video and audio. In this way, the creators receive 100% of the revenue of the sold work. NFTs are in the ERC1155 Ethereum standard. Also, Throne does not take any commissions from offers or purchases on THN. If users choose to trade with ETH, they pay 10% commission.

Throne coin advantages and disadvantages!

Throne (THN) Token benefits include:

  • It will reach an important position in the future as a new generation NFT market.
  • Thanks to the ERC – 20 network, we can talk about a strong infrastructure.

The disadvantages of the Throne (THN) Token are:

  • There may be problems related to community management.
  • It can be easily affected by uncertainties in the markets.

Which exchange is Throne coin on?

THN coin is listed on some cryptocurrency exchanges such as Bybit, MEXC, Gate.io, BitMart, LBank, etc.

How to buy THN coins?

Throne coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

THN coin supply!

Total and maximum supply of Throne coin is 1.974.198.687 THN.

THN coin price!

As of June 11, 2022, at the time of the writing, 1 Throne coin price is around $0,0179 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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