Etch Market is a distinguished Ethscriptions platform at the forefront of facilitating the trading of tokens, NFTs (Non-Fungible Tokens), and domain names with a remarkable 40x reduction in fees. Positioned as a solution to Ethereum's scalability challenges, the platform ingeniously utilizes Ethscriptions.

Etch Market's primary mission is to establish itself as the premier community-driven Ethscriptions marketplace. To achieve this, the platform consistently introduces new features and refines its user interface, prioritizing enhanced user-friendliness.

Embracing the foundational principles of freedom and decentralization inherent in the crypto world, Etch Market is actively progressing towards becoming a fully decentralized platform in its V2 release. As an initial step, the platform has launched a secondary indexer for Ethscriptions, contributing to the verification of asset authenticity alongside the official indexer.

The Ethscription Liquidity Protocol aims to bolster liquidity for transactions involving Ethscription Protocol tokens through a dual-component approach — the Split Protocol and Staking Protocol. In the Staking Protocol, users stake "mint" Ethscriptions, or eths for short, with 50% securely locked in the Vault and the remaining 50% transferred to the Available balance, allowing redemption at any time.

Stakers receive rewards, including a reduction in service fees and an additional 1% directed to the Vault Treasury. The Split Protocol involves staking, generating an available balance, and splitting, enabling direct trading of ethscriptions after verification. Together, these protocols actively promote liquidity, incentivize stakers, and contribute to the robustness of the Ethscription ecosystem, with Etch Market at the forefront of this transformative journey.

Your Go-To Source for the Latest News and Tools in the Blockchain Sector - Coinnav.io