EMAX/USD (-4.26%)
The EthereumMax (EMAX) Token is a unique culture token launched in May 2021 with a total supply of $2 quadrillion $EMAX. It's stated goal is to reshape the future of finance by bridging the gap between the emergence of community-driven tokens and the well-known foundational crypto coins for lifestyle perks, with financial rewards to its holders for long-term daily use. Its official website indicates that the token provides its holders a two percent distribution as a yield token. EthereumMax is an ERC-20 token that was originally built on the Ethereum blockchain but shifted to the fast and cheap scaling system Arbitrum in February 2022. The EMAX Token has grown popular due to its paid-for endorsements by US celebrity, Kim Kardashian.
A Bit About EthereumMax
The EthereumMax token's launch was in May 2021. However, it's unclear who its founders and management team are as the whitepaper does not mention the team members. The token describes itself as a culture token to be utilized for cultural and lifestyle perks such as VIPs occasions, concerts, and sporting events. Its supposed cultural perk is yet to be actualised fully to fulfill the token's alleged purpose. Its current value comes from a demand driven by intense marketing and association with the Ethereum Foundation through its name. Despite this, there is an ever-present EthereumMax community on Twitter and Discord speculating on the token's next moves, especially after getting publicity from the SEC and Kim Kardashian.
Leverage EMAX and get in on the hottest sporting events and VIP occasionsCryptoLists.com
EthereumMax (EMAX) Token is an advanced ERC-20 token built on the secure Ethereum network but shifted to the Arbitrum blockchain in February 2022. in fact, over 31% of its circulation is now on the fast and cheap scaling Arbitrum network. The tokens stated intention is to bridge the gap between community-driven tokens and foundational cryptocurrencies. The USP of EMAX is lifestyle perks, financial rewards, and incentives for its holders with an avenue for practical long-term use in daily life. The token is neither a meme coin nor a utility token as it is yet to offer any functional service. The token has captured the attention of the crypto world with a certain degree of controversy. The paid-for promotion by TV personality and socialite, Kim Kardashian, led to her being issued with a $1.26 million regulatory fine for improperly touting a cryptocurrency. The token grew its reach through other celebrity endorsements, including NBA star Paul Pierce and during the Floyd Mayweather vs. Logan Paul boxing match.
Utility of EthereumMax?
EMAX token intends to be a lifestyle token for various perks such as luxury brands, events, and concerts while maximizing the power of decentralised finance. Its creators promise EthereumMax-linked exchanges, and non-fungible token (NFT) marketplaces. Although, none of these are yet to materialize. The token is listed on some exchanges and users can trade with it. The token was built with a vision to strengthen the existing systems while adding secondary benefits that redistribute 2% of all transactions to current holders.
EthereumMax Price details
ETH Contract address: 0x15874d65e649880c2614e7a480cb7c9A55787FF6
›› Details & Tokenomics
›› EMAX tokenomics and social media
Advantages of EthereumMax
+ Has lifestyle perks and financial rewards and incentives to token holders.+ Gained popularity through celebrity and influencer marketing.
+ Shifted to the fast and cheap scaling Arbitrum blockchain.
+ Listed on some crypto exchanges, including Uniswap (V2).
+ It is an ERC-20 token hence secure.
Disadvantages
- The token is relatively new so highly risky and volatile.- Unclear who the founding team and management team are.
- Yet to elaborate its utility in the crypto space.
- The token is available in a limited number of crypto exchanges.
- It has already plunged by 97% after Kim Kardashian's controversial promotion.
Costs
▪ Rated at 6/10*Sell tax: 6% * at the time of writing. Note that this may change from time to time.
EthereumMax built its brand with exclusive NFT releases on the marketplace, allowing the token to expand its footprint in the space. It states that EMAX holders receive a 2.5% yield on every transaction. The benefits redistribute 2% of all transactions to existing holders.
Reputation and Buzz
▪ Reputation rated at 4/10▪ Buzz rated at 8/10
EMAX tokens have gained a word-of-mouth reputation with the controversy surrounding Kim Kardashian, and the fine she got for failing to disclose the promotional payment she received. Many have been critical of investors who make decisions on crypto solely on the recommendations of a celebrity. Things have not worked out well since Kardashian's post, which led to the token plunging 97%. There is uncertainty as to who runs the token's project and confusion surrounding delays in delivering its promises without an elaborate roadmap.
Others question have arisen around whether it's suited for the ecosystem, and that most people cannot do much with the tokens. Crypto projects tout their community of investors, and EMAX uses Twitter and Discord to reach its community. This is where the project's true believers talk about its potential. However, some users questioned the credibility of the token before Kardashian's post. Some users countered, and pointed out that EMAX was a security and not a scam. Critics doubt the ecosystem and its token due to the high publicity by celebrities. The Kardashian situation caused the price to surge and then crash, and many people apparently lost money.
FAQ
When was the EthereumMax token founded?
The token was launched in May 2021.
What is the total supply of the EMAX token?
The token has a total supply of 2,000,000,000,000,000 EMAX coins.
Is the token related to Ethereum?
It is an ERC-20 token but it is not under the Ethereum Foundation and community. It works like other coins on the blockchain, for example, Tron, the TRX cryptocurrency.
Where can I buy the EthereumMax token
The token is listed on some crypto exchanges including Uniswap (V2), ShibaSwap, and SushiSwap (Arbitrum)
What was the main issue that led to the SEC fining Kim Kardashian concerning EMAX Tokens?
Kim Kardashian received charges for touting the crypto asset security without disclosing the payment she received on the promotion.
History of EthereumMax
May 2021: The EMAX coin is launched.
May 2021: It is the official coin of the Floyd Mayweather v Logan Paul boxing event, helping to raise its hype.
June 2021: Kim Kardashian promotes the coin to her followers across her social media platforms.
October 2022: Kardashian charged $1.26 million fine for promoting EthereumMax.
Screenshots from EthereumMax
More sites where to buy/sell/trade EthereumMax
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
EthereumMax details and tokenomics
ARB Contract address: 0x123389C2f0e9194d9bA98c21E63c375B67614108
