Hello everyone, how are you? If you are interested in joining a project, your Emporium should read information that will help you find information that can help you see your vision and mission.
If you’ve been a part of the cryptocurrency space during the last 6 months, you will have heard all about yams, sushi’s, pickles and all sorts of vegetables and fruits. But what does it all really mean?
Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. DeFi aims to create an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps).
Liquidity Mining refers to the process of depositing or lending designated token assets with a mining mechanism to provide liquidity for the product's fund pool and thus obtain an income. A liquidity miner wins rewards in a specific project's native token.
The total value of funds ‘locked’ in various DeFi platforms and protocols is up ~12x since the start of June, having grown exponentially from approximately $1 billion to over $13 billion today.
It’s undoubtedly the hottest concept inside the cryptocurrency space. As you can see, this is a space that is only just getting started and Emporium.Finance finds itself right in the centre of a market boom with so much more room to grow.
What is a Liquidity Pool?
A liquidity pool is a pool of tokens, locked behind a smart contract. The tokens inside the pool allow a user to swap between both tokens. When a user supplies liquidity to a certain pool, the user will receive LP tokens. It's good to keep in mind that the user has to provide an equal amount of liquidity on both tokens. We will take the CEFIUSDT pool as an example: if a user wants to provide $100 worth of liquidity, the user has to provide $50 worth of CEFI and $50 worth of USDT to the pool. In return, the user receives UNIV2 LP tokens, which is in proportion to how much liquidity is provided to the pool (CEFIUSDT in this case). The user can get their underlying liquidity back by sending the UNIV2 LP tokens back to Uniswap, where the LP tokens are burned and the underlying liquidity is sent back.
It’s undoubtedly the hottest concept inside the cryptocurrency space. As you can see, this is a space that is only just getting started and Emporium.Finance finds itself right in the centre of a market boom with so much more room to grow.
What is a Liquidity Pool?
A liquidity pool is a pool of tokens, locked behind a smart contract. The tokens inside the pool allow a user to swap between both tokens. When a user supplies liquidity to a certain pool, the user will receive LP tokens. It's good to keep in mind that the user has to provide an equal amount of liquidity on both tokens. We will take the CEFIUSDT pool as an example: if a user wants to provide $100 worth of liquidity, the user has to provide $50 worth of CEFI and $50 worth of USDT to the pool. In return, the user receives UNIV2 LP tokens, which is in proportion to how much liquidity is provided to the pool (CEFIUSDT in this case). The user can get their underlying liquidity back by sending the UNIV2 LP tokens back to Uniswap, where the LP tokens are burned and the underlying liquidity is sent back.
Becoming a liquidity provider within UniSwap is a fairly simple process. As mentioned earlier, it requires both tokens in the specific pair. Taking the CEFIUSDT as an example, you will need both USDT and ETH to become an LP. Joining the LP requires sending both tokens to Uniswap, where you will get UNIV2 tokens in return. Here is a detailed step by step guide.
Go to app.uniswap.org and select "Pool" tab.
Now, Uniswap will show how your position in the pool, and you will receive LP tokens into your wallet.
When does the LP program start and end?The Emporium.Finance LP program will be live for 8 weeks.
Start LP Block - 11269746 Thursday, November 26 1400 GMT
End LP Block - 11894746 Thursday, January 21 1400 GMT
How do I earn CEFI Tokens?
CEFI token will be earned by providing liquidity to interest bearing pools and to the CEFIUSDT "home pool". In total, we are looking to add 9 pools in total.
Pool 1 - UNICEFIUSDT - the rewards will be CEFI
Pool 2 - CRVRENWBTC - the rewards will be CRV + CEF
Pool 3 - UNIETHDAI - the rewards will be UNI + CEF
Pool 4 - UNIETHUSDC - the rewards will be UNI + CEFI
Pool 5 - UNIETHUSDT - the rewards will be UNI + CEFI
Pool 6 - UNIETHWBTC - the rewards will be UNI + CEFI
Pool 7 - SUSHIWBTCTBTC - the rewards will be SUSHI + CEFI
Pool 8 - SUSHIUSDCETH - the rewards will be SUSHI + CEFI
Pool 9 - UNILINKWETH - the rewards will be CEFI
Pool weights are distributed as following:
Pool 1 - 64%
Pool 2 - 4%
Pool 3 - 4%
Pool 4 - 4%
Pool 5 - 4%
Pool 6 - 4%
Pool 7 - 4%
Pool 8 - 4%
Pool 9 - 4%
What makes Emporium.Finance different?
With so many DeFi platforms and protocols, what makes Emporium.Finance different? First and foremost, it’s coming from an existing and trusted player within the cryptocurrency space in Crypto Emporium. Secondly, the platform and token is being launched in a fair and distributed way, we’re running no token pre-sale and no private sale event, tokens will be distributed through a linear weekly emission that allows the market to determine the price. Thirdly, from day 1 we’re giving the CEFI token a real-world utility and a very clear path for adoption.
What happens after the Emporium.Finance Liquidity Program ends?
After the pre-launch stage, Crypto Emporium x Emporium.Finance will have minted and distributed 150,960 tokens of the total supply of 888,000. Upon conclusion of this 8 week Liquidity Program, Crypto Emporium will be in a position to launch our Peer-to-Peer Cryptocurrency-Only Marketplace and Governance Rewards Program.
During this stage, CEFI tokens will follow a weekly emission schedule that rewards various buyer and seller activity on the platform;
Buying and Selling - Each active participant will be rewarded in CEFI tokens for buying or selling anything on the platform. Users with the highest volume and number of transactions will receive a percentage of this fixed weekly emission. Users will be able to claim rewards on a weekly basis from the CEFI deployer contract.
Referral Program - Active participants will be rewarded CEFI tokens for inviting users to the platform. This will be done through an affiliate program that allows users to share links and other promotional material with a unique referral ID to encourage sign-ups. This is a fixed weekly emission distributed as a percentage of participant activity.
Sponsored Cashback System - Each week community voting decides on which sellers, categories and products are to be offered with additional cashback. This cashback will incentivise purchases made through the platform of these boosted sellers, categories and products. Each purchase containing one of the above, will receive CEFI tokens.
Out of the total emission rate, the weight distributions are as follows:
Buyers and Sellers - 60% or 2,126.08 CEFI p/w
Referral program - 10% or 354.35 CEFI p/w
Sponsored cashback - 23% or 815 CEFI p/w
Team tokens - 7% - or 248.04 CEFI p/w
Conclusion
With so many DeFi platforms and protocols, what makes Emporium.Finance different? First and foremost, it’s coming from an existing and trusted player within the cryptocurrency space in Crypto Emporium. Secondly, the platform and token is being launched in a fair and distributed way, we’re running no token pre-sale and no private sale event, tokens will be distributed through a linear weekly emission that allows the market to determine the price. Thirdly, from day 1 we’re giving the CEFI token a real-world utility and a very clear path for adoption.
What happens after the Emporium.Finance Liquidity Program ends?
After the pre-launch stage, Crypto Emporium x Emporium.Finance will have minted and distributed 150,960 tokens of the total supply of 888,000. Upon conclusion of this 8 week Liquidity Program, Crypto Emporium will be in a position to launch our Peer-to-Peer Cryptocurrency-Only Marketplace and Governance Rewards Program.
During this stage, CEFI tokens will follow a weekly emission schedule that rewards various buyer and seller activity on the platform;
Buying and Selling - Each active participant will be rewarded in CEFI tokens for buying or selling anything on the platform. Users with the highest volume and number of transactions will receive a percentage of this fixed weekly emission. Users will be able to claim rewards on a weekly basis from the CEFI deployer contract.
Referral Program - Active participants will be rewarded CEFI tokens for inviting users to the platform. This will be done through an affiliate program that allows users to share links and other promotional material with a unique referral ID to encourage sign-ups. This is a fixed weekly emission distributed as a percentage of participant activity.
Sponsored Cashback System - Each week community voting decides on which sellers, categories and products are to be offered with additional cashback. This cashback will incentivise purchases made through the platform of these boosted sellers, categories and products. Each purchase containing one of the above, will receive CEFI tokens.
Buyers and Sellers - 60% or 2,126.08 CEFI p/w
Referral program - 10% or 354.35 CEFI p/w
Sponsored cashback - 23% or 815 CEFI p/w
Team tokens - 7% - or 248.04 CEFI p/w
Conclusion
The message of Crypto Emporium is one that is clear, it’s time to use Bitcoin and other cryptocurrency as it was originally intended, as a digital currency for online trade and transactions. This message has been rung loud and clear through social media communications since February 2018.
Emporium.Finance and the Decentralized Finance revolution has created the perfect storm for the Crypto Emporium team to present and forward this idea to a wider audience, it allows them to incentivise and build an ecosystem that rewards, engages and entrusts the community.
CEFI and Emporium.Finance is more than just a speculative liquidity mining investment with no real end goal, it is a business with intention, utility and experience. They know the future of payments is cryptocurrency and they want to invite you to be a part of it.
For more information see the link below:
Website : http://cryptoemporium.eu/
Twitter : https://twitter.com/CryptoEmporium_
Facebook : http://facebook.com/cryptoemporium
Bitcointalk ANN : https://bitcointalk.org/index.php?topic=5291631.0
Telegram : https://t.me/CryptoEmporiumGroup
Medium : https://medium.com/@cryptoemporiumeu
Github : https://github.com/Emporium-Finance
Instagram : https://www.instagram.com/cryptoemporium/?hl=en
Reddit : https://www.reddit.com/r/CryptoEmporium/
Emporium.Finance and the Decentralized Finance revolution has created the perfect storm for the Crypto Emporium team to present and forward this idea to a wider audience, it allows them to incentivise and build an ecosystem that rewards, engages and entrusts the community.
CEFI and Emporium.Finance is more than just a speculative liquidity mining investment with no real end goal, it is a business with intention, utility and experience. They know the future of payments is cryptocurrency and they want to invite you to be a part of it.
For more information see the link below:
Website : http://cryptoemporium.eu/
Twitter : https://twitter.com/CryptoEmporium_
Facebook : http://facebook.com/cryptoemporium
Bitcointalk ANN : https://bitcointalk.org/index.php?topic=5291631.0
Telegram : https://t.me/CryptoEmporiumGroup
Medium : https://medium.com/@cryptoemporiumeu
Github : https://github.com/Emporium-Finance
Instagram : https://www.instagram.com/cryptoemporium/?hl=en
Reddit : https://www.reddit.com/r/CryptoEmporium/
Author : harum93
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