Wallets have proved to be an essential part of the cryptocurrency world, as a place to keep funds safe. This clear utility has not, however, always translated to positive price action for ENS, Ethereum Name Service’s governance token.ĮNS is currently showing signs of recovering from a long-term bearish trend as the platform continues to hit all-time highs in the number of registered domains, and after token holders recently elected a treasury manager. Owners can lose their crypto for good if it goes to the wrong address – but Ethereum Name Service aims to allow users to create their own personalised wallet address to reduce the chances of this happening. “The ongoing joke right now between me and like my friends in Coinbase and one of the emails I sent them was like: ‘Look, I need y'all to let me know what's going on because I got a mega-yacht company ready to build me a penguin-shaped yacht’,” Williamson said.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.Investors can purchase customised wallet domains on the Ethereum Name Service – Photo: Praveen Nanu / ShutterstockĪ typo when sending cryptocurrency to a wallet address is an easy mistake to make, especially as they are usually more than 20 characters long – but it can have dire consequences. Williamson’s story has captured the cryptocurrency world with many urging Coinbase to rectify its mistake, while other prodding him to make sure he gets some sort of relief for his emotional and financial troubles. The attention drawn to Williamson’s story has boosted RocketBunnny’s coin as the cryptocurrency surged over 9 per cent on Wednesday. E6LwufAVUo- Christopher Williamson June 21, 2021 Also, I wanted to clarify that the user's account was never locked and he never lost access to the account,” a representative of Coinbase was quoted by Dailymail.ĭay 6: - I never understood Otis Campbell until y’all came into my life. “Support responded to the user on June 18. Williamson updated on twitter on Monday that the value of his account was still going up, but he could not cash out as it had been frozen by Coinbase. Despite numerous pleas to both Coinbase and RocketBunny, the problem of a $1 trillion balance in his trading account could not be sorted out till the time of publication. Williamson’s harrowing experience did not end soon. Yes, that’s 12 decimal points after the zero! The value of the cryptocurrency has nosedived 76 per cent over the past 22 days, making the possibility of Williamson becoming a trillionaire because of the cryptocurrency a near impossibility. The cryptocurrency was last quoting a price of $0.000000000036. As volume increases, the amount burned increases logarithmically, eventually leading to an exponential decrease in supply.” This is how RocketBunny describes its currency: “Each transaction incurs a 4% tax that is distributed in four equal parts: 1% to holders, 1% burned to The Rabbit's Hole, 1% locked liquidity, and 1% as a bonus to liquidity providers. The concept of the cryptocurrency is unique to bigger and more popular peers like Bitcoin and Ethereum. RocketBunny is a recent entrant in the world of cryptocurrency promising to be a deflationary token with a maximum supply of 777 quadrillion.
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