Introduction
EthereumMax (EMAX) has caught the attention of the cryptocurrency world for all the wrong reasons. People wonder if the coin, recently promoted by TV personality and socialite Kim Kardashian, is all front and no substance.
What Is EthereumMax (EMAX)?
EthereumMax, although in the name, is not associated with the second most extensive cryptocurrency. Instead, it performs on the Ethereum blockchain and is an ERC-20 token. The Market Periodical is excused.
ERC-20 tokens don’t demand any extensive technical skills or a strong background in blockchain technology to be designed.
Ethereum Max launched in May and has a complete supply of $2 quadrillion $EMAX. According to its official website, the altcoin is a yield-based token that supplies a 3% distribution of every transaction to current EMAX wallet holders. It is a “lifestyle” token, preventing access to the VIP experience, sporting events, concerts, lifestyle brands, and more.
History of EthereumMax (EMAX)
The whitepaper of EthereumMax was established in October 2021. The entire maximum supply of EMAX is two quadrillions.
Ethereum Max-Kim Kardashian Promotion
Reality show star Kim Kardashian is one of the compelling personalities inspiriting the lifestyle token. She encouraged Ethereum Max in an Instagram Story ad on her Instagram account.
She told about the token in a short video and followed it up with a photo, “sharing” what her companions had just informed her about the Ethereum token. She said Ethereum Max presented 50% of their admin wallet to the entire EMAX community.
In the piece of hashtags on the Instagram Story, the “#ad” shows that it was a paid post. Cryptocurrency News called this the single most important piece of social media crypto promotion ever, reaching over 228 million of her followers.
Former NBA starPaul Pierce is also highly spoken about his support for the altcoin on Twitter. He has shared his profits and expects to bring EMAX to $1.
For the Floyd Mayweather vs Logan Paul boxing competition, buyers could buy a ticket using Ethereum Max. Cryptocurrency News said it was the only cryptocurrency taken for online transactions. Mayweather wore an Ethereum Max t-shirt during his weigh-in and sported the EMAX logo during his round.
EthereumMax EMAX Price and Expert Analysis
With all the celebrity approvals, it appears as the most secured cryptocurrency with real-world usage.
The token rose to 5,532 % in the past two weeks, The Market Periodical shared. But it looks like the promotion is tapering off, the price failing about half of its worth since its all-time high.
Shortly after Kim Kardashian’s Instagram Story, the altcoin price also dropped.
Experts are careful of Ethereum Max’s wonder as there are no historical facts to draw proper analysis from. It also exposed the young cryptocurrency to volatility. It is still trying to shuffle its way about the cryptocurrency market.
Cryptocurrency News also indicated that no one knows who created it. There is no whitepaper or product roadmap to reference and no way to determine any of the participants involved. And as far as functionality runs, ERC-20 tokens don’t have one.
Although the technical research suggests an upward rotation, curious traders and investors should still be wary.
The 3% financial encouragement may entice, and noticing the growth of Paul Pierce’s returns may cause you to put in your hard-earned cash as well, but mention that it will make these personalities either way via their paid ads.
At the end of it all, you will be influenced by the volatility of the token’s worth when items get rude.
Conclusion
EthereumMax EMAX crypto is a token developed by unknown creators of the Ethereum Max project. The token’s name may fool you into considering it is an official development of the Ethereum blockchain or the Ethereum Foundation. It is not. If you feel forced to buy EthereumMax EMAX crypto, you can swap it for any other ERC-20 token on a decentralized exchange or a few centralized exchanges.
FAQ
Is Ethereum Max different from Ethereum?
Ethereum (ETH) or Ethereum Classic (ETC). The only thing EthereumMax has in familiar with these based coins is the name. It’s an ERC-20 token built on Ethereum’s platform, but it isn’t Ethereum. You couldn’t, for example, code different applications on EthereumMax.
Can Emax reach $1?
Ethereum Max (Emax) would require significant investments and a high adoption rate to reach $1.
When did Ethereum Max launch?
EthereumMax launched on May 14, 2021, but it did not end the whitepaper until October 2021. The whitepaper says that trade strategy and managing relationships are what the supporters of EMAX do best.
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