Image created with CANVA PRO
The DEFI beast of Crypto
There is so much talk about Ethereum Killers that I have to laugh when I see it again in a piece of text. Let's take a closer look, right now none of the Ethereum Killers have made it happen. And I don't expect this to change anytime soon. So why always try to kill Ethereum when there is such a huge group of people who have faith in Ethereum. If you want to target those grown-ups for your project, don't try to kill Ethereum! Then you better think… If I can't beat it, then JOIN it! And that was what the EMP.MONEY team thought when they launched EMP about 4 months ago.
Very briefly, I've written about it before... EMP was launched as a fork of Tomb Finance. But EMP is pegged to Ethereum! The peg is 4000 EMP equals 1 ETH. This peg is important, because if EMP goes below peg, the boardroom will not print. Many of these so-called algorithmic protocols sometimes have to deal with this. Of course EMP has known that too, but EMP has something that the other projects don't have.
EMP has a FREE ACADEMY to explain to the community exactly how this project works, how to act in any situation. Everything will be explained to you through videos, and if you complete the FREE academy… a surprise awaits you. No, I'm not telling, duh, then it wouldn't be a surprise, would it? Go follow the Academy and you'll find out soon enough. It will take you about an hour of your time! That's not too much right?
Well, since this isn't my first blog about EMP, I'm not going to talk about the farms here. Not even about the Detonator. Those are 2 of the earning opportunities that I have already described. If you are interested in reading more about this, I would like to refer you to the previous blogs I have written about EMP. (Found at the bottom of this blog).
Today we are going to talk about a third possibility of EMP! Today we are going to talk about;
NODES!
Nodes, what can I say? It is an important part of EMP to help the protocol to hold the peg. But it is much more. In fact, it is an absolutely tempting way to grow your own holdings in addition to supporting the protocol with a guaranteed ROI of 400%. Yup, 400%, let that sink in for a moment.
So let's take a look at what kind of Nodes are out there. And keep in mind that there is NO difference in the ROI of 400%… just the time it takes you to ROI, that does differ!
Let's throw in an image I found in the EMP discord server. In this image, it will become clear what the benefits of a node are for you! Because that is something you should know. You lock your EMP, and you can't get it out! Let that be clear.
So let's go to the benefits.
By locking your EMP, you help to secure the peg. That is an indirect advantage that you benefit from in the boardroom and in the farms. But that's not all there is to gain. That guaranteed 400% ROI is of course very attractive. So let's take a look at the image above. What you see is that there are a number of different nodes. To know;
- NANO
- MINI
- KILO
- MEGA
- GIGA
Now some information about the above nodes. ALL nodes have a 400% ROI. So a quick math will quickly teach you that by paying 500 EMP, you have 1500 EMP profit. A Nano node will produce 2000 EMP, so after you earn back the 500 EMP you have a guaranteed profit of 1500 EMP. And for the largest node, the Giga node, this equates to a profit of 24000 EMP!
In the image above, you can see that for each node explained. All Nodes earn EMP rewards constantly, but the bigger the Node, the higher the efficiency. So a 1 GIGA will ROI faster than owning 2 MEGAs. The side by side above is illustrated with a TWAP = 1.00. The daily APR% will go up or down based on actual TWAP, but the efficiency of each node will still apply.
You can buy multiple Nodes and you can claim your EMP rewards at any time.
Once Nodes give out 400% ROI, they turn off. You cannot sell/trade or withdraw your Node.
This is helping in hardening EMP floor price!
So much for the technical information. But what else do these nodes actually do? In addition to giving you your EMP with a nice amount of bonus EMP daily in a dripping way, this also ensures that there is less pressure to sell EMP. All nodes that are purchased ensure that this EMP no longer ends up on the market, so there is much less EMP in circulation. As a result, these nodes also ensure that the floor price of EMP is hardened. The peg is strengthened and the protocol can continue to run as intended. By removing the pressure to sell EMP, while also working on enough liquidity, the price of EMP is supported and kept from a free fall.
And that part, that is what is needed to make a farm token successful, to keep the boardroom printing, and to make an algo project stronger as a whole.
If you also work well on your community building, you will get a strong project. And that's what EMP.MONEY proves by simply staying above peg during this time. Bitcoin is a clown again, and the crypto market is all red, but EMP is holding its own. The TVL is growing, the lottery prize in detonator is growing every day, and the boardroom has been printing continuously for 26 days.
Survive the bear with EMP!
Like I said, this isn't the first blog I've written about EMP.MONEY. If you want to read more, you can find the previously written blogs below.
My Detonator referral link, if you are interesting in getting yourself, and if you want to use my referral link, make sure that you save this link. Thank you!
EMP has a discord where you can always ask your questions. The team and members are all very responsive and willing to help.
Posted Using LeoFinance Beta
Is this new???? How come you've never mentioned this to me????
$PIMP
Yeah, it's only 4 months young. So relatively new, but an eternity in crypto. I think I didn't mention it to you because you were crushing it with your plants, pigs and dogs and didn't want to get in something new.
Enjoy some !PIZZA
Ha, that was a test....I do have some in an autovault! boom! lololol
Oh, Really?
Lol
You must be killin' it out here!
@papacrusher just slapped you with 1.000 PIMP, @hetty-rowan.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
~~~ embed:1521812953208553472 twitter metadata:TGVvQWxwaGEyMDIxfHxodHRwczovL3R3aXR0ZXIuY29tL0xlb0FscGhhMjAyMS9zdGF0dXMvMTUyMTgxMjk1MzIwODU1MzQ3Mnw= ~~~
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
View or trade
BEER
.Hey @hetty-rowan, here is a little bit of
BEER
from @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER
.I'm still trying to understand this, its not really easy understanding the point you're trying to make and I know is because I'm new to the crypto world and I hope to learn more.
Keep reading and ask your questions. There are many people here who are willing to answer as good as they can. Thanks for stopping by!
Sure I will, thank you for your advice, I really appreciate it.
Looks like once they stop pumping and break the peg to the lower side the APY/ROI will go to zero and the platform jadeprotocol, in my opinion, good idea but totally not workable.
I wonder what you base this wisdom on?
Seen it couple of times in slightly different forms. I had small stakes in 30 different Restaking Projects half a year ago.
This is just one part of EMP, it's by far not all. EMP is an algorithmic protocol with different ways to earn, and nodes is just one of them.
And I have to say I like the concept a lot. Have to check on the presale and tokenomics.
Since the projects launched 4 months ago, I think won't find a presale 😇. But you find a link to the discord in my blog. Also, a link to the website where you can find all documents you need to do your research.
I've never even heard of this. There is so much good stuff going on it's overwhelming sometimes. Thank god I have my hive to mess with.
Posted Using LeoFinance Beta
Oh, and one of the 6 founders is even an Hiver! @abrockman is one of the founders. And with a TVL of 50 million dollars, we can say that he and the other 5 team members are doing an awesome job. Right? 🙂
To me I don't see nothing bad about Ethereum killer, it's just a marketing strategy. Every Ethereum killer is build around Ethereum because Ethereum is a big name in crypt. it's nice Emp is build around Ethereum. I will give it a check.
Posted Using LeoFinance Beta
Yes, it's just a marketing strategy. I agree. But still, why? They all choose for a strategy in where they are saying that they don't want Eth. Emp is build on the Binance Smart Chain, but pegged to Eth. So yeah, they say, we believe in Eth and if you believe in Eth too ... choose for us. That's a completely different approach.
They understand selling point. There aim understand the power of competition so they set the standard high for themselves. If they fail good if they don't it's also good. Walk with star and you will also be a star.
Posted Using LeoFinance Beta
Nice we got some emp-eth in the autovault so we hoping it will do well!
It does, no worries there. You can sleep and let your emp / eth grow in the autovault.
PIZZA Holders sent $PIZZA tips in this post's comments:
@hetty-rowan(1/15) tipped @papacrusher (x1)
Learn more at https://hive.pizza.
Congratulations @hetty-rowan! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 6250 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out the last post from @hivebuzz:
I never heard of this before. I can't keep up with all the stuff going on in Crypto. Thanks for sharing and keeping me informed.
Posted Using LeoFinance Beta
Thanks for stopping by @rcaine, but now I guess you've never read the blogs you comment on 😂, since this is the third time that I blog about EMP and you comment on the blog.