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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.