Entropy (ETP) is Metaverse's Token. This name is inspired by the second law of thermodynamics, which describes the chaos in a system's microscopic particles.
Our circulating supply will be capped to 100 million ETP and our smallest denomination is 10^-8. ETP is a foundational element of our Blockchain ecosystem as it incentivizes miners and stakers to secure our Blockchain. ETP's security is guaranteed by Elliptic Curve Digital Signature Algorithms (ECDSA).
Besides acting as a core incentive to secure our blockchain, ETP has also become a core element of our DeFi ecosystem, Gene Finance, and has allowed our community to earn Liquidity Mining rewards. As our DeFi ecosystem expands, we look forward to working with the community in bringing more utility to ETP holders.
On the new Metaverse, ETP is used to pay for transaction fees and ensure the proper execution of smart contracts similar to Gas on Ethereum. Similar to our legacy chain, ETP can be used to pay for the creation of digital assets and digital identities.