Blockchain
EMP Money Launches Revolutionary DeFi 2.0 Platform
West Palm Beach, Florida–(Newsfile Corp. – May 6, 2022) – EMP Money launches a revolutionary DeFi 2.0 platform that is all set to change the decentralized finance space with its innovative smart contracts. When there are so many projects competing for attention in the DeFi space today, it’s difficult to determine which one to trust and invest in. That’s why EMP MONEY is a shining light in the DeFi space.
EMP Money Launches Revolutionary DeFi 2.0 Platform
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What is EMP?
EMP is an algorithmic token with the first decentralized algorithmic stable coin on the Binance Smart chain, pegged to the price of Ethereum (at a rate of 4000 EMP: 1 ETH).
Many crypto beginners looking for a reliable investment in crypto tend to back out at the last moment due to a lack of stability and trust. EMP Money provides good exposure to investors and it has some of the lowest fees in crypto!. But that’s just the tip of the iceberg when it comes to this sleeping giant.
The protocol is based on a series of complicated interactions, with the pricing dynamics of the ecosystem’s many tokens determined by the activities of stakeholders.
How does it work?
When the price of EMP exceeds the peg, the protocol creates additional EMP to increase supply and push the price back down to the peg. This new EMP is circulated throughout the Boardroom before being delivered to ESHARE token holders. This increases the demand for ESHARE. Alternatively, if below peg (the price of ETH) the protocol will allow users to exchange their EMP for Ebonds. This depletes EMP’s supply, putting upward pressure on the price near the peg.
EMP is working on optimizing the protocol and creating profit for the early investors through Farms and Boardroom in the medium term 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.
Finally, the goal of the EMP Money protocol is to give its investors the opportunity to stay exposed to Ethereum, regardless of whether they are long-time Ethereum holders, DeFi users, or newcomers to the industry. At the same time, they may benefit from an entire ecosystem created around EMP, which aims to put their Ethereum to work for them without the exorbitant costs.
Low-Risk Exposure To ETH
The project is effectively fractional ETH because it is pegged to it. EMP Money’s mission is to become a beacon of stability and growth for the Ethereum token on the Binance Smart chain, rather than simply offering high APRs to the investors.
Investors may make use of a complete ecosystem built around EMP. EMP Money is one of the only crypto enterprises where everyone can benefit because the initiative doesn’t rely on trading the actual coins. It’s a seigniorage technique that generates attractive and long-term APRs through regulated inflation. EMP keeps a mathematical track of the price of ETH. As a result, users can profit from ETH exposure right away. With over $12 million in liquidity, users might make good money on their ETH every day.
What makes EMP the Hope of Defi 2.0
On top of the basic seigniorage mathematics, EMP has included a slew of extra-economic incentives. This is groundbreaking because it establishes a new benchmark for similar undertakings. They’ve added nodes to the mix (synthetic nodes that are all the rage right now). This generates incredible use cases while also assisting with the underlying economics.
Detonator
Detonator is the first daily ROI contract that combines incentives, taxes, and compounding to generate a return on investment using EMP-ETH LP tokens. Detonator acts as a gamified smart contract for the BSC network that gives all members an equal chance to earn.
To learn more about EMP Money visit www.emp.money.
Twitter: https://twitter.com/empmoneybsc
Github: https://github.com/empm0ney/empmoney-frontend
Telegram: https://t.me/empmoney
Discord: https://discord.gg/9wDDa26Z6e
Media Contact:
Company Name: EMP LLC
Contact Person: AJ Brockman
Email: [email protected]
City: West Palm Beach
Country: USA
Website: https://emp.money/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122907
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
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The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
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