The EMP Money protocol aims to give its investors the opportunity to stay exposed to Ethereum, regardless of whether they are long-time Ether (ETH) holders, decentralized finance (DeFi) users or newcomers to the industry. By being pegged to ETH, the project is essentially fractional ETH, similar to the satoshi for Bitcoin (BTC).
Investors can benefit from an entire ecosystem created around EMP Money (EMP), which aims to put their Ethereum to work for them without the exorbitant costs. EMP Money’s mission is to become a hub of stability and growth for the Ethereum token on the BNB Smart Chain (BSC) rather than simply offering high APRs to investors.
EMP Money offers the first decentralized algorithmic stablecoin on BSC, tied to the price of Ethereum via seigniorage at a rate of 4,000 EMP, or one ETH. The protocol is based on a series of complex interactions, with the pricing dynamics of the ecosystem’s many tokens determined by the activities of multiple stakeholders.
When the price of EMP exceeds the peg, the protocol creates additional EMP tokens to increase supply and push the price back down to the peg. This new supply is circulated through the platform’s Boardroom before being delivered to ESHARE tokenholders. As a result of the increased demand for ESHARE, the price and value of the token will rise. The protocol will allow minting bonds using EMP if its price falls below the peg — up to a maximum debt limit. This depletes the EMP supply, putting upward pressure on the price near the peg.
EMP Money is working on optimizing the protocol and creating profit for early investors through Farms and the Boardroom in the interim until the peg is attained. Once the peg is established, the system’s mechanics will focus on maintaining stability and consistency, allowing EMP to serve as a mirrored liquid asset to ETH.
EMP Money aims to empower DeFi with Detonator contract
EMP Money’s mission is to become a beacon of stability and growth for the Ethereum token on…
