Given the recent "doom and gloom," what do you think of the recent run-up in the price of ETH? Yeah, me too! π There is an excellent protocol maximizing the opportunity for us all to take advantage of it!
Not only enduring, but thriving, during the recent bear market, it just celebrated its 6-month anniversary.
Choosing to invest in it, beginning July 14th, I am already up over 10%. It didn't hurt any that I managed to start into this latest DeFi investing "adventure," with a stash of DCA-purchased ETH and, at the time, ETH was a touch over $1,100.
Welcome to EMP Money!
π π π
π π π
Let's take a closer look ... π§
EMP Money => "Fractionalized ETH"!
Built on the BNB chain, at a glance, you can see EMP Money referenced as an ETH-pegged DeFi protocol. Much as the U. S. Dollar used to be backed by gold, however, it may be better to refer to the EMP token as backed (you may find this interesting ...) by ETH! The more you look into how this protocol has been built, the more sense this distinction makes.
For example, the amount of EMP printed is constrained by its peg to ETH. If EMP falls below peg, printing of new EMP stops. And does not resume, until EMP is back above peg. This stood out to me immediately.
The EMP Money tokens:
- The "medium of exchange" token, EMP - pegged to ETH, at a ratio of 4000:1.
- The EMP Money shares token, ESHARES. The "responsible profit" token, it also supports voting rights on proposals to improve the protocol.
- The EMP Money bond token, EBOND. Very clever how this token is used to help EMP maintain its peg to ETH.
- And, of course, all backed by ETH.
How are they related to each other? In response, long impressed by the power of inspired "word pictures," I find this one hard to beat:
Okay (putting on my "professional" skeptic / cynic hat ... π€π), some clever wording is nice, but ... How well does this actually work?
What do you think, dear reader? Has this team delivered on its objective?
There are a lot more details, e.g. tokenomics, etc., but ...
This post is intended to be introductory only. To potentially "whet your appetite" for taking a closer look for yourself! π§π
That said, here are some highlights:
- Setting a "new standard," in many ways, EMP Money has a training Academy, with 21 free video lessons, to learn all about how every aspect of it works!
- A highlight of what you will learn? Ever heard of "responsible profiting?" Me either! But, you will not leave the Academy without understanding it!
- Those successfully completing it (which is verified), receive a special classification in their Discord server!
- There are innovative and impressive investment options. For example:
- Looking for the Mother
LodeNode! π§ Look no further, EMP Money has you covered, with its "sized for any budget" synthetic "validator node" options! - Wanna stay very "conservative" ... and just stick with ETH? How about staking some of your ETH for a 19% return every 90 days ? Too good to be true? Read the "specs" and find out!
- AMAs are a generally well received aspect of many communities, if they are willing to make the consistent commitment. Well ... How about daily AMAs!
Yeah, you read that right, daily. With a highlight being the day's Detonator results π ... - "Game theory" fans will love the π₯Detonatorπ₯ and its DRIP-like (inspired?) features. Two huge prizes are awarded daily - top depositor and random depositor - based upon daily tickets obtained via depositing and / or compounding!
There's certainly more, but I think you get the general idea ... π Closing on the last point, if nothing else, you will want to check this out:
No "spoiler alerts" needed here, as you will want to read it for yourself. Just one hint though ππ - "life changing" is in there! π
A fellow Hivean, @abrockman and his team have really created something special, with the EMP Money protocol. In my long, professional career, I have always been a "continuous improvement" advocate. And a big one!
DYOR into how much experience this team has in crypto, in general, and DeFi protocols, in particular, and I think you will be impressed. "Continuous improvement" is a central theme!
Form your own opinion, given this experience base, on a key question -
how have they chosen to apply it?
For their own benefit?
At your expense?
Or is it a mutually beneficial protocol?
That you can trust ?
The fact you are reading this post, which I stopped what I have been working on to write, gives you a pretty good idea of my answer!
Partnerships and "Circles of Trust"
Tempted to "go it alone" in life? Yeah, me too ... ππ However ... "Lessons learned" the hard way (as at least, far too often, is the case with me ...) would suggest our journey through life will be a lot easier if we form "partnerships" (in all the various ways that word applies) with others.
Without belaboring the point further, here are some key partnerships into which the EMP Money team has entered:
Liquid Capital
"Circles of Trust" takes on a deeper, richer meaning, when you take a DYOR look into what Liquid Capital is in the midst of attempting, with its 37 partners.
A quick glance into this leads to the discovery EMP Money is far and away the biggest source of investment into this new venture. And they have published the fact their resulting 20% "share" - all +$100,000 of it - will be fully invested into restoring EMP to its peg to ETH!
On its home page, you can quickly browse through an "Executive Summary" of what Liquid Capital is all about.
For example,
"Built For The Passive Investor. LAR gives investors holding $LQD (Liquid Token) positive rebases that automatically compound within their wallets without the need to lock or stake them."
Where do I sign? π§ Yes! I have "signed up" ... ππ
Interested? Want to invest? Please use EMP Money's LC Presale link then! Hurry! The "window closes" on the prelaunch investment benefits this Sunday, July 24th (presale countdown timer here)!
- Note: After LC's launch, I may be inspired to write a post about it, with my 1st impressions. π
Make DeFi Better
With the historic (given its impact on the rest of us, whether we were personally invested or not) of Terra's LUNA and UST "stable" coin "algorithm," do we think that concept is dead?
What would be your first guess? π€
Well, one answer has been provided by Make DeFi Better. Whatever we may think of it, apparently EMP Money was impressed with it enough to form a partnership!
You may wish to read up on its stable-backed token, MDB+, to find out why. Its "steadily appreciating" feature is hard to ignore!
Majik Farm
Majik Farm is a multi-chain yield optimizer, utilizing a number of different strategies. With some now fully operational and more on the way ...
The "auto-vault" (AV) functionality (based on the "battle tested" code of Beefy Finance) of this new protocol is very impressive.
A key part of Majik's appeal to EMP Money is "behind the curtain," it is burning the EMP token and, thereby, helping EMP Money maintain its all-important EMP peg!
Combining these last two partnerships, I have invested some $$s into Majik's ESHARE-MDB+ autovault, i.e. a yield farm based on an LP with ESHARES paired with a "stable" (and steadily appreciating!) coin. ππ
Linking all of these together? Clearly "Circles of Trust" is a lot more than marketing hype to these organizations. As an example, you may want to read up on the Obsidian Council and its role. π§ These people are serious!
Additional Resources
If you like what you have "heard" so far, here are some additional DYOR resources:
- 6-month anniversary post on Medium. Full of great insights and stats!
- Weekly YouTube presentation called the "DeFi Debrief!" The most professionally produced crypto videos I have ever seen.
- A very well run community on Discord:
- Chock full of useful information, and
- A "best of class," helpful, "A-Team" admin group who are "on it" 24 / 7 / 365! π
- The ubiquitous docs page!
- I'll close with ... the future?
Among other ventures, there will be a new version of EMP Money (IMP Money? π) launched soon after the launch of the much-anticipated (in some corners of the cryptosphere ...) Pulse blockchain - Impulse!:
If inspired to check into any of this, dear reader, following up on all of these links should keep you ... "off the streets" π ... for awhile!
Closing
Is ETH actually leading a crypto market recovery? π¦ Has ETH ever led a recovery? π§ We'll all have our thoughts on the answers, but ... Undoubtedly, the rally of the last few days has been encouraging. Finding a protocol based on ETH, which helps you maximize the opportunity to take advantage of it, was very exciting to me.
AJ and team have created an ecosystem which is hard to match. The more you take your own DYOR look into it, the more I think you will agree! EMP Money has done well, through the major downturn in the crypto market, its first 6 months.
The next 6 months? Now "on board," I am looking forward to finding out! π
Iβd love to hear any feedback you may be inspired to provide.
Until "next time," all the best to you for a better tomorrow, as we all work together to build up our Hive Communities and add increasing value to our Hive blockchain! π π
Respectfully,
Blogger @roleerob
Hive "Dolphin" π¬, LeoFinance "Whale" π, & Man Cave "Dragon" π
π π― π
P.S. I am not a financial adviser. Please consider this post as financial information and / or opinion only. Please perform your own due diligence, in whatever manner seems best to you, if you have found it to be beneficial.
π² No trees were harmed in the publishing of this post! π²
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AMAZING ARTICLE! I am the team lead at EMP, and this is one of the most well-rounded introductions and updates to our protocol in existence. Really appreciate your hard work on this and look forward to many more articles :) please keep in touch
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No doubt here that EMP was my number 1 protocol for six months now, and last week EMP changed my life. I'm truly biased, but EMP is in my opinion the best protocol in DeFi right now.
We are agreed Hetty! Certainly the best one of which I am aware at least!
P.S. My LeoFi UI (a poet and don't know it ... ππ) is currently "dead" ...
~~~ embed:1550263502618923009 twitter metadata:TGVvQWxwaGEyMDIxfHxodHRwczovL3R3aXR0ZXIuY29tL0xlb0FscGhhMjAyMS9zdGF0dXMvMTU1MDI2MzUwMjYxODkyMzAwOXw= ~~~
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Thank you! Found this first thing upon logging in this morning. Nice way to begin my day!! ππ
You're welcome @roleerob, that's a real pleasure! Thanks for being here since all this time, we really hope you enjoy Hive! Have a nice day ππ
Great write-up and compilation of the many, many great things happening with the EMP ecosystem and ever-growing community!
EMP is constantly growing and making waves in Defi. As we keep seeing, it is continually changing people's lives via the Detonator! It's an absolute beast that does not know what a bear market is.
Yes @thaddeusprime, it has certainly made a favorable impression on me. Or I would not have set aside what I am working on to write this post.
You and the Admin / Mod / EMP Guru team working tirelessly in support of the EMP community on its Discord server are doing an excellent job of ... "representing!" ππ
Keep up the good work. Thanks for stopping by! π
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!PIZZA
!PGM
!HBIT
!LOLZ
!LUV
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Dear @roleerob !
I understand that you are claiming that people who invest in a new cryptocurrency called EMP Money will benefit greatly.π
Well, my east Asian friend, they certainly have created an impressive "ecosystem" in which one can invest with some confidence.
The benefit and long-term results of investing in EMP Money are tied directly to the future of Ethereum (ETH). Most believe ETH has a bright future. We'll hope that proves to be the case!
Posted Using LeoFinance Beta
Dear my american senior, I hope your health and long life!
The world I live in now has already become an economic colony of China because of Chinese manufactured goods.
So, now the ruling class is clinging to cryptocurrency speculation, including Bitcoin, in the name of the national interest.
Everyone is ruled by mammon.
It is difficult to understand the word ecosystem where you can confidently invest in cryptocurrency, but I translated it to mean that the number of people who own EMP Money is increasing.It would be a great product if the market for trading EMP Money increased significantly.
It would be a great product if the market for trading EMP Money increased significantly.
I hope your beliefs come true!
I hope you get enough sleep for your health.π
If you are basing this on your perception I am awake earlier than ideal, then ... An astute observation! I would certainly benefit from sleeping better ..
Posted Using LeoFinance Beta
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Thanks!
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View or trade
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