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Let me give you a brief introduction to ENS, which stands for Ethereum Name Service. It is the native token of a distributed, open and scalable naming system based on the Ethereum blockchain.

The following is a detailed introduction to the ENS token, its development process and investment advice:

I. Detailed introduction to the ENS token

1. Basic concepts

The ENS token is the internal token of the ENS system, which is used to pay for domain name registration and renewal. It also has a governance function, allowing token holders to participate in the governance and voting of the ENS protocol.

The ENS token is an ERC-20 token that follows the Ethereum token standard.

2. Functions and uses

Payment fees: Users can use ENS tokens to pay for the registration and renewal fees of ENS domain names.

Governance and voting: Token holders can participate in the governance of the ENS protocol and vote on proposals that affect the future development of ENS.

Value storage and trading: ENS tokens can also be traded on cryptocurrency exchanges, becoming a tool for value storage and investment.