What Is Empty Set Finance (ESC)?
Inspired by Empty Set Finance and its predecessors, Empty Set Crypto Protocol builds stable coins that serve as the reserve currency of Decentralized Finance. ESC is an algorithmic token pegged to CRO running on the Cronos network. The key insight around Empty Set Crypto is that stablecoin pegs are ultimately determined by market demand and supply forces and that creating incentive mechanisms around this is key.
Inspired by Empty Set Finance Coin and its predecessors, Empty Set Crypto Protocol builds stable coins that serve as the reserve currency of Decentralized Finance. ESC is an algorithmic token pegged to CRO running on the Cronos network. The key insight around Empty Set Crypto is that stable coin pegs are ultimately determined by market demand and supply forces and that creating incentive mechanisms around this is key. To meet the optimal market demand, ESC’s total supply can either expand or contract. These mechanisms are mandatory in order to counteract the scenarios of having ESC trading above or below 1 CRO.
Empty Set Finance Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Empty Set Finance |
| Short Name | ESC |
| Max Supply | N/A |
| Total Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
ESC Price Live Data
The live Empty Set Crypto price today is $0.264565 USD with a 24-hour trading volume of $34,787.56 USD. They update ESC to USD price in real-time. Empty Set Crypto is down 7.82% in the last 24 hours. The current CoinMarketCap ranking is #5071, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Empty Set Crypto at the current rate, the top cryptocurrency exchange for trading in Empty Set Crypto stock is currently VVS Finance. You can find others listed on our crypto exchanges page.
Features
Using a variety of mechanisms, Empty Set Crypto is able to achieve a number of unique properties:
Dynamic Rebase
Empty Set Finance Coin uses Dynamic Rebase Algorithm with supply to keep price pegged to CRO. When TWAP > 1 CRO (expansion phase), more ESC is minted. When TWAP < 1 CRO (contraction phase), new coupons (debt) with premium are generated.
Fractional Reserve
Protocol stores part of the expansion fund as a reserve treasury. Fractional Reserve helps protocol fastback on the expansion track from the contraction phase.
Composable
ESC follows the CRC-20 token standard. This makes it work seamlessly across the decentralized finance infrastructure and reduces the likelihood of unforeseen bugs in integrated protocols.
Decentralized
When the Empty Set Crypto protocol works stable, the team will make the protocol be completely decentralized on-chain governance. Additionally, the protocol launched with 0 initial supply and no pre-mine for the anonymous founding team.
What is Empty Set Crypto?
Dynamic Rebase
ESC uses Dynamic Rebase Algorithm with supply to keep price pegged to CRO
When TWAP > 1 CRO (expansion phase), more ESC is minted.
When TWAP < 1 CRO (debt phase), new bond with premium is generated.
Fractional Reserve
Empty Set Finance Coin Protocol stores part of the expansion fund as reserve treasury. Fractional Reserve helps protocol fast back on expansion track from debt phase.
Composable
ESC follows the CRC-20 token standard. This makes it work seamlessly across the decentralized finance infrastructure and reduces the likelihood of unforeseen bugs in integrated protocols..
Decentralized
When Empty Set Crypto protocol works stable, team will make protocol be completely decentralized on-chain governance. Additionally, the protocol launched with 0 initial supply and no pre-mine for the anonymous founding team.
Participate in Governance
Liquidity Providers
The most important parts of protocol will receive 20% expansion amount during expansion phase. The main LPs of protocol are ESC/CRO and DARK/CRO. LP staked will be locked for 2 days. During the waiting time, users will not receive rewards.
Stakeholders
Empty Set Finance Coin Users who stake their ESC in DAO will receive 20% expansion amount during expansion. ESC staked in DAO will be locked for 7 days (in the meantime, stakeholders will not receive reward).
Speculators
ESC holders can buy Coupons at Debt phase with discount price, they can redeem Coupons for ESC at Expansion Phase. Coupons will expire after 365 days. After that, it’s not redeemable.
