Throne PriceTHNInactive

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. 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.

Key Specifications & Tokenomics

• Name: Throne
• Ticker/Symbol: THN
• Token Standard: ERC-20
• Blockchain: Ethereum
• Smart Contract Address (Ethereum): 0x2e95cea14dd384429eb3c4331b776c4cfbb6fcd9
• Decimal Places: 18
• Launch Date: 2021-05-25
• Total Supply: 1,974,198,687 THN
• Max Supply: Unlimited (∞)
• Circulating Supply: Approximately 390,752,313 THN, representing approximately 20% of total supply
• Category: Collectible (NFT) / Metaverse
• Consensus Mechanism: Ethereum proof-of-stake (PoS)
• Official Website: www.thronelabs.io
• Block Explorer: etherscan.io
• Whitepaper: THRONE WhitePaper 1.913 (Prerelease Version)
• Contract Name: ThroneERC20
• Compiler Version: v0.8.4+commit.c7e474f2
• License: MIT
• Community: t.me/thronelabscommunity; twitter.com/thronelabs
• Solana Contract Address: B5xan1Zvc8gv2x8qsrG4VgzcCt2vWkLXxQjf5aoYHv17
• Tags: DWF Labs Portfolio

Who created Throne?

Throne is developed by Throne Labs, a blockchain company that focuses on building community-governed and decentralized networks. The project's founders include British award-winning music producer Nellee Hooper, manager Gee Roberson, and communications executive Chimere Cisse. 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.

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. THN is the utility token for the Throne community, network, and ecosystem, used for purchasing NFTs, participating in community events, accessing exclusive content, and purchasing land in the metaverse.

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 states a belief that blockchain and DLT will become the future gold fundamentals for the entire metaverse ecosystem. This 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. According to one source, Throne also features a dual-chain architecture on Ethereum and Solana.

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. Within the 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. The token is positioned as a practical instrument for 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. According to one source, 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 is secured by Ethereum's proof-of-stake (PoS) consensus mechanism; THN itself has no separate mining process. Users can acquire THN through purchasing on supported exchange platforms or by participating in the Throne ecosystem's play-to-earn activities, which distribute tokens as rewards for completing quests, clearing dungeons, and reaching leaderboards within the metaverse.

How to keep your Throne Coin safe?

Storing THN securely requires careful consideration of available options. Users can store their Throne in the custodial wallet of a cryptocurrency exchange without needing to manage private keys, though this means trusting the exchange with asset security. For greater control, self-custody wallets are available in web browser, mobile device, and desktop formats, allowing users to manage their own private keys. Hardware wallets provide an additional layer of security by storing private keys offline, protecting against online threats. Atomic Wallet supports Throne alongside Ethereum, XRP, USDT and more than 300 other assets; THN can also be held in any wallet that supports ERC-20 tokens on Ethereum. When selecting a storage method, users should consider factors such as the amount of THN held, frequency of transactions, and personal comfort with managing private keys. As with any cryptocurrency, maintaining the security of private keys and being cautious of phishing attempts is essential for protecting THN holdings.

Before purchasing THN and node credentials, the project strongly recommends carefully reviewing the white paper and all documents related to it. Like any digital asset, THN is subject to price volatility, and its value can rise or fall sharply. Regulatory policies in different jurisdictions may affect how the token can be used, traded, or held. Technical risks, including smart contract vulnerabilities and network issues, also apply to tokens built on public blockchains.