What Is ETHPoS (ETHS)? Learn with MEXC Blog

The ETHPoS token is used on the new PoS (proof-of-stake) chain. The important update to Ethereum Merge, commonly known as ETH 2.0, is going to happen. In this case, the Proof of Work consensus mechanism on Ethereum will be replaced by the Proof of Stake consensus system. This essay covers the core traits and background details of ETHS.

What Exactly Is a Hard Fork During the Merge?
A hard fork happens when more than 50% of the community members agree to adopt the update while the remaining members choose to keep with the previous one when a blockchain network experiences major advancements. As a result, ETHS and ETHW are created during this hard fork.

Tokenomics of ETHS
At the time of writing, the price of ETHPOS (IOU) is $1,537.48 USD with a $15,892,989 USD 24-hour trading volume.

Price & Performance of ETHS
On August 14th, 2022, ETHS reached its all-time-high (ATH) price of 1947.73 USD. Since the ATH date, the price of ETHS has dropped to as low as 300 USD on August 8, 2022.

How to Buy ETHS Tokens?
Interested in buying ETHS? You can buy ETHS on MEXC by performing the following actions:

1. Enter your MEXC account credentials, then select [Trade]. Select [Spot].
2. To view the trading pairs that are accessible, type "ETHS" into the search field. Use ETHS/USDT as an illustration.
3. Go to the [Spot] box by scrolling down. Enter the number of ETHS that you like to purchase. Open a Limit order, a Market order, or a Stop-limit order, as appropriate. Use a market order as an illustration. Confirm your order by clicking [Buy ETHS]. The acquired ETHS can be found in your Spot Wallet.