ENS is the governance token of the Ethereum Name Service protocol, which issues “.ens” domains.
ENS is an ERC-20 utility token associated with the Ethereum Name Service, a decentralized naming system built on the Ethereum network. The ENS token was issued via an airdrop to all ENS domain holders, ENS contributors, and the ENS DAO community treasury. The ENS token will be used for governance of the ENS protocol and community treasury at launch. ENS domains are issued as NFTs, which are meant to be human-readable addresses that map to public keys on networks like Ethereum, Bitcoin, and others. Other metadata can be stored within an ENS domain such as traditional DNS domains, Twitter profiles, IPFS hashes, and more.
