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What is Throne (THN)?

Throne (THN) is a blockchain-based project developed by Throne Labs, focused on building immersive Web3 experiences that bridge art, music, and technology. The project operates an NFT marketplace called Throne Market, where users can collect and trade unique, single-edition digital artworks created by prominent NFT artists and emerging creators. Beyond the marketplace, Throne is building a metaverse ecosystem where participants can collect digital assets such as pets and gemstones, create their own mini-games, and co-govern city planning through a DAO voting mechanism. THN is issued as an ERC-20 token on Ethereum; according to one third-party source, a Solana-based version also exists, though this is not reflected in CoinMarketCap's registry data. The total supply of THN is approximately 1.97 billion tokens, with roughly 390.75 million in circulation. The project launched on May 25, 2021. As of the latest available snapshot, trading activity and on-chain transfers are minimal, and readers should verify current activity before relying on the ecosystem descriptions above.

Key Specifications & Tokenomics

• Name: Throne
• Ticker/Symbol: THN
• Token Standard: ERC-20
• Blockchain: Ethereum (also issued on Solana)
• Smart Contract Address (Ethereum): 0x2e95cea14dd384429eb3c4331b776c4cfbb6fcd9
• Decimal Places: 18
• Launch Date: 2021-05-25
• Total Supply: 1,974,198,687 THN
• Max Supply: Unlimited (∞), per CoinDesk; CoinMarketCap lists max supply as not available
• Circulating Supply: Approximately 390,752,313 THN
• Circulating / Total Supply: Approximately 20%
• Category: Collectible (NFT) / Metaverse
• Consensus Mechanism: THN is an ERC-20 token on Ethereum and therefore inherits Ethereum's proof-of-stake (PoS) consensus for transaction validation; THN itself has no separate mining mechanism.
• Official Website: www.thronelabs.io
• Block Explorer: etherscan.io
• Tags: DWF Labs Portfolio
• Contract Name: ThroneERC20 (compiler v0.8.4, MIT licence)
• Solana Contract Address: B5xan1Zvc8gv2x8qsrG4VgzcCt2vWkLXxQjf5aoYHv17
• Community: t.me/thronelabscommunity; twitter.com/thronelabs
• Whitepaper: THRONE WhitePaper 1.913 (Prerelease Version), available via the project's official site

Who created Throne?

Throne is developed by Throne Labs, a blockchain company registered in Singapore that focuses on building community-governed and decentralized networks. Nellee Hooper, a British award-winning music producer, and Gee Roberson, formerly Kanye West's manager, are listed as co-founders; Chimere Cisse, a communications executive, is also associated with the project per Coinbase. The project is spearheaded by a team of seasoned professionals from both the blockchain domain and the creative industries, including notable figures in music and art. The project maintains an active presence through its community channels and social platforms.

How does Throne work?

Throne operates at the intersection of NFT marketplaces and metaverse development. The Throne Market serves as the primary platform where artists tokenize their digital artworks as crypto-collectibles secured by cryptography and tracked on the blockchain. Each artwork is authentically created by an artist in the network and represents a unique, single-edition digital item that users can own and trade. In the metaverse component, users can collect various pets, gemstones, and other collectibles as NFTs, as well as create their own assets, mini-games, and build on top of their land plots. The ecosystem incorporates play-to-earn mechanics, allowing users to collect tokens and rare assets as rewards for completing quests, clearing dungeons, and reaching leaderboards. Governance is facilitated through a DAO voting mechanism that enables participants to co-govern city planning within the metaverse. The THN token on Ethereum is used for purchasing land in the metaverse, while the Solana-based version functions as both a payment and governance token. The contract includes a UI multiplier that scales displayed token amounts when a UIMultiplierUpdated event is emitted, per Etherscan.

What makes Throne unique and valuable?

Throne distinguishes itself through its dual focus on NFT art curation and metaverse development, creating an integrated ecosystem that spans digital collectibles, virtual land ownership, and community governance. The project's NFT marketplace emphasizes quality by featuring works from prominent NFT artists and up-and-coming creators, positioning itself as a curated space rather than an open marketplace. The metaverse component adds layers of utility by allowing users to build, socialize, and monetize their virtual experiences across multiple platforms. The project's belief that blockchain and DLT will become the future gold fundamentals for the entire metaverse ecosystem underpins its approach to creating a player-centric environment supported by a solicitous tokenomic structure. According to Etherscan, no contract security audit has been submitted for the THN contract; readers should review the contract code and the project's documentation before interacting with it. The dual-chain issuance on Ethereum and Solana demonstrates a strategic approach to leveraging the strengths of multiple blockchain networks.

What is Throne used for?

THN serves as the utility token for the Throne community, network, and ecosystem, designed to democratize platforms and provide infrastructure to power tomorrow's economy. The token has distinct functions depending on the blockchain on which it is issued. The ERC-20 version of THN on Ethereum is primarily used for purchasing land in the metaverse, enabling users to acquire virtual real estate plots on which they can build and create. The Solana-based THN serves as both a payment token and a governance token, allowing holders to participate in decision-making processes related to the ecosystem. Within the broader Throne ecosystem, THN facilitates transactions on Throne Market for NFT purchases and trades, supports play-to-earn reward distribution, and enables participation in the DAO governance mechanism for co-governing city planning in the metaverse. THN is described by the project as a practical token serving three communities, networks and markets within the Throne ecosystem.

How Is the Throne ecosystem developing?

The Throne ecosystem is centered around two primary components: Throne Market and the Throne metaverse. Throne Market functions as an NFT marketplace where users collect and trade unique, single-edition digital artworks produced by prominent NFT artists and up-and-coming creators. The metaverse component expands the ecosystem's scope by offering users the ability to collect various digital assets, create their own content, and participate in play-to-earn activities that reward active participation and building. Governance represents another developing pillar, with DAO voting mechanisms enabling participants to co-govern city planning. The project has also expanded its blockchain presence by issuing THN on both Ethereum and Solana, broadening accessibility and utility across different networks. According to Etherscan, no contract security audit has been submitted for the THN contract. The project's ongoing development aims to deliver a high-quality immersive experience where users can play, build, own, socialize, and monetize their virtual experiences across multiple platforms.

How to mine Throne?

THN is not a mineable cryptocurrency. As an ERC-20 token on Ethereum, THN has no mining mechanism of its own; its transactions are validated by Ethereum's proof-of-stake validator network. Users can acquire THN by purchasing it on supported platforms or by participating in the ecosystem's play-to-earn activities. There is no separate mining process for THN itself. The Solana-based version of THN similarly does not involve mining, as Solana operates on a proof-of-stake consensus model.

How to keep your Throne Coin safe?

THN is an ERC-20 token at contract address 0x2e95cea14dd384429eb3c4331b776c4cfbb6fcd9 on Ethereum; always verify this address on Etherscan before adding the token to a wallet. THN can be held in any wallet that supports ERC-20 tokens, including self-custody software wallets and hardware wallets, or in a custodial exchange account.

Risks and uncertainties

THN, like other crypto assets, is subject to price volatility, and its value can rise or fall sharply. Regulatory treatment of crypto assets varies by jurisdiction and may change, which can affect how THN can be held, traded, or used. Technical risks also apply, including smart contract vulnerabilities and the possibility that the project's ecosystem features may not develop as described. Readers should treat the project's own descriptions as claims to be verified rather than established facts.