Ether (ETH) is the digital token of Ethereum, which is regarded as "Bitcoin 2.0". Ethereum is an open source blockchain platform with smart contract functions, supported by a resonance network composed of thousands of computers around the world. Developers need to pay Ether to support the operation of applications, which makes Ether play an important role in the Ethereum ecosystem.

Like other digital currencies, Ethereum can be bought and sold on trading platforms. Ethereum is unique in its smart contract functionality, which enables it to support more complex decentralized applications (DApps) and automated tasks. These features make Ethereum widely used not only in the financial sector, but also in the Internet of Things, supply chain management, digital identity verification and many other fields.

Core Value and Function of ETH

1. Payment Medium: As the main currency on the Ethereum network, users can use ETH for transactions, whether purchasing digital assets, services, or goods. ETH provides a fast, convenient, and unrestricted cross-border payment method.

2. 'Fuel' for Smart Contracts: Smart contracts are computer programs that automatically execute, control, or document legal events and actions. Deploying and executing smart contracts on Ethereum requires a certain amount of ETH as a fee (Gas Fee), ensuring the secure operation of the network and preventing malicious behavior.

3. The cornerstone of Decentralized Finance (DeFi): With the rise of DeFi, ETH has become the preferred currency for many decentralized financial applications, including lending, trading, and stablecoin issuance, greatly promoting the innovation and popularization of financial services.

4. Value Storage and Appreciation: Unlike traditional assets, ETH possesses characteristics of scarcity and decentralization. Its price is influenced by multiple factors such as market supply and demand, technological advancements, and regulatory policies, providing investors with potential opportunities for value growth.

Ethena dominated DeFi in 2024. Despite receiving much criticism and attention at the launch of its synthetic dollar, the team's efforts have become one of the most notable success stories in DeFi this year as traders flocked to the protocol.

So how to choose an ETH token issuance platform? GTokenTool is the best choice.

Below is how to use GTokenTool to issue ETH tokens

(1) Connect Wallet

Enter GTokenTool, click the top right corner to select the ETH chain

Click to connect wallet, select MetaMask

After successful connection, you can see the wallet address

(2) Fill in your token information

Click the link below to enter the ETH token issuance tool interface

Fill in the token information in sequence. Let's assume we create a token called — 'GTokenTool', fill in as follows:

  • Token Full Name: GTokenTool

  • Token Abbreviation: GT

  • Token Precision: 18 (number of decimal places)

  • Total Supply: 1000000 (number of tokens)

Fill in the option content

  • Official Website

  • Telegram

  • Twitter

(3) Complete

Click 'Confirm Creation', pay the gas fee in MetaMask, and it is complete.

(Note: Due to different network speeds for each user, there may be a delay of 1 to 2 seconds when paying gas fees, which is a normal phenomenon.)

Why Choose GTokenTool

GTokenTool is the strongest one-click token issuance platform on the internet, helping countless users issue their first token. It is favored by many blockchain newcomers for its four major features: high security, low threshold, low costs, and diverse functions. It is a powerful decentralized token issuance platform that supports one-click token issuance on various blockchains including BSC, Solana, Base, Ton, ETH, and Tron, and also supports features such as bulk airdrop, market cap bots, and token presales.