Gate.io is going to commence
Empty Set Dollar (ESD) trading on December 18th at 07:00 UTC.
About ESD:
Empty Set Dollar (ESD) is an algorithmic stablecoin built to be the reserve currency of Decentralized Finance. The protocol is centred around an ERC-20 token: ESD. This token acts both as the stabilized dollar and as the governance token for the protocol.
Price Mechanics
If there is excess demand for ESD, then the price will trend above \$1 on the Uniswap pool, and that signals the protocol to mint additional token supply. Conversely, if the demand shrinks, excess selling on Uniswap will push the price below $1, which triggers the protocol to generate debt and incentivise token holders to burn ESD to shrink the token supply.
Risk Warning:
Please note, ESD adjusts supply at every epoch, currently 8 hours. The supply adjustment doesn't affect users’ balances, but it will grow or shrink the total supply. The adjustment may cause market price changes. Please fully understand the project and risks involved.
ESD/USDT Trading starts: December 18th at 07:00 UTC
Token symbol:ESD
Website:https://www.emptyset.finance
Deposit ESD at
https://www.gate.io/myaccount/deposit/ESD
Trade ESD in USDT market via:
https://www.gate.io/trade/ESD_USDT
Trade ESD in ETH market via:
https://www.gate.io/trade/ESD_ETH
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Gate.io Team
December 18, 2020
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