Emp Money

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EMP.Money is a revolutionary defi protocol that offers the first decentralized algorithmic coin on Binance Smartchain, pegged to the price of Ethereum via seigniorage at a rate of 4000 EMP: 1 ETH. Inspired by Tomb Finance, an algorithmic protocol using seigniorage that was originally inspired by the idea behind Basis, as well as its predecessors (EDollar and Soup)

How does it work

  • The protocol is based on a series of complex interactions, with the behaviour of multiple stakeholders deciding the pricing dynamics of the multiple tokens of the ecosystem.
  • When EMP price is over the peg, new EMP is minted by the protocol to inflate the supply, in an attempt to drive the price down towards the peg. These new EMP are placed into circulation through the Boardroom and distributed to ESHARE holders. This increases the demand for ESHARE, thus increasing the price and value of ESHARES.
  • When EMP price drops below the peg, the protocol will allow minting Ebonds with EMP (up to a maximum debt limit). This removes EMP from the total supply, applying upward pressure on the price towards the peg. Ebonds can then be redeemed for EMP at a premium when the price is above peg in the future.

Goal of EMP Money

EMP Money wants to bring this empowerment through 5 angles:

  • Unity – Together we are strong. If we all stand together and follow the appropriate  everyone will have a chance at earning and growing. $100M or even $500M TVL and beyond is achievable if we stand united!
  • Education – An educated community is key to ensuring long-term stability. We aim to always maintain focus on putting out content and educational material about the protocol and all relevant subjects. We want to foster smart and engaged investors that understand the protocol.
  • Integrity – A community is strong as long as there is trust. We will maintain a focus on being transparent and foster trust in and between each investor making sure everyone understands how to work for the betterment and growth of the community and not act selfishly for individual shortsighted short-term profit.
  • Technology – Robust, modern, and secure tech is the backbone of EMP. Our commitment is to only put out tools and products that abide by these principles.
  • Responsible – The EMP Money protocol will always work towards a responsible usage of the treasury and conduct the protocol into responsible and carefully curated partnerships that will expose our investors to new and exciting opportunities.