According to BlockBeats, on September 5, Etheism, a new token protocol in the Ethereum ecosystem, released the token E, which is currently priced at $4,426. It has risen by 80,299% in the 7 hours since its launch, and the transaction volume is reported to be $9.6 million.

According to the official website, Etheism is an ERC-20 token that can embed an "Etheist Freak" SVG image in the token's transaction data. The image is generated using a mathematical formula inspired by DNA sequencing and evolves as the token supply decreases.

BlockBeats reminds users that the price of the new token protocol fluctuates greatly and its security is not yet clear, so users are advised to pay attention to the risks.