🪙Tokens

EMP - EMP Token

Contract: 0x3b248cefa87f836a4e6f6d6c9b42991b88dc1d58

The EMP token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain EMP's peg of 4,000 EMP = 1 Ethereum (ETH) in the long run.

Note: EMP actively pegs via the algorithm. That does not mean it will be valued at 4,000 EMP : 1 ETH at all times, as it is not collaterized. EMP is not to be confused for a crypto or fiat-backed stablecoin.

ESHARE - EMP Share

V2 Contract: 0x29c55f1b02a95f0b30e61976835a3eee2359ad92

EMP Shares (ESHARE) are one of the ways to measure the value of the EMP Protocol and shareholder trust in its ability to maintain EMP close to peg.

During epoch expansions the protocol mints EMP and distributes it proportionally to all ESHARE holders who have staked their tokens in the Boardroom. ESHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the EMP money ecosystem.

The initial 56000 ESHARE tokens were distributed as follows:

•Treasury/DAO Allocation: 4400 ESHARE vested linearly 24 months

•Team Allocation: 4000 ESHARE vested linearly over 24 months

•Rewards: 47,600 ESHARE are allocated for incentivizing Liquidity Providers in two shares pools for 24 months.

•Initial mint: 1 ESHARE minted upon contract creation for initial pool.

The Dev team will use treasury funds in any way they feel is best for the long term success of the protocol.

Starting February 23, 2024 we are commencing a halving model, which cuts the ESHARE emissions in half each year. This year the 28,000 ESHARE tokens will be distributed as follows:

•Treasury/DAO Allocation: 2200 ESHARE vested linearly 12 months

•Team Allocation: 2000 ESHARE vested linearly over 12 months

•Rewards: 23,800 ESHARE are allocated for incentivizing Liquidity Providers.

The Dev team will use treasury funds in any way they feel is best for the long term success of the protocol.

EBOND - EMP Bonds

Contract: 0x7099A19Da2f17BC85193B1f0e9091dF014A5D520

Bonds (EBOND) main job is to help incentivize changes in EMP supply during an epoch contraction period.

When the TWAP (Time Weighted Average Price) of EMP falls below 4,000:1 ETH, EBONDs are issued and can be bought with EMP at the current price. Exchanging EMP for EBOND burns EMP tokens, taking them out of circulation (deflation) and helping to get the price back up to peg.

EBONDs can be redeemed for EMP when the price is above peg in the future, plus an extra incentive for the longer they are held above peg.

This amounts to inflation and sell pressure for EMP when it is above peg, helping to push it back toward 4,000 EMP to 1 ETH ratio.

Contrary to early algorithmic protocols, EBONDs do not have expiration dates. All holders are able to redeem their EBOND for EMP tokens as long as the Treasury has a positive EMP balance, which typically happens when the protocol is in epoch expansion periods.

upEMP

Contract: 0x69ffe1cea85a766edd97c3908ba0ac60c986a9db

$upEMP Token, is a perpetually appreciating asset 100% backed by EMP.

An asset that provides a great opportunity to earn real yield with no price depreciation, but actually only price appreciation!! All buys increase the price, but all sells do as well. Confusing at first glance, how can sells increase the price? Well, the fundamentals of $upEMP enable this with two very simple core mechanisms, the Mint and Redeem functions.