The Ethereum Name Service (ENS) token is built on the ERC-20 standard, serving as a governance token within the Ethereum Name Service community. The primary function of these tokens is to enable ENS community members to propose and vote on changes within the Decentralised Autonomous Organisation (DAO).
Like Web 2 Domain Name Service (DNS), ENS is a decentralised solution built on the Ethereum blockchain that simplifies long and complex crypto addresses by replacing them with a single, easy-to-read URL, similar to a website name or email address. This system maps traditional lengthy crypto addresses to more user-friendly names, making them easier to remember and share. For instance, an unwieldy address like "0xDC25E998338AF3F5B8A1862ADA83795FBA2D695E" can be converted into a more straightforward format like "CoinJar.eth." ENS applies the same concept as the Domain Name Service (DNS), which maps website names to their IP addresses, making crypto addresses more accessible and user-friendly.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more: www.coinjar.com/uk/risk-summary.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits. CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
The CoinJar Prepaid Mastercard is issued by EML Money DAC pursuant to a license by Mastercard. EML Money DAC is regulated by the Central Bank of Ireland. EML Money DAC is authorised and regulated as an issuer of electronic money by the Central Bank of Ireland under registration number C95957. EML Money DAC is deemed authorised and regulated by the Financial Conduct Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Registered office: EML Payments, 2nd Floor La Vallee House, Upper Dargle Road, Bray, Co. Wicklow, Ireland. Company Registration number: 423276.
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