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Gate.io Will List Empty Set Dollar (ESD)
Gate.io Will List Empty Set Dollar (ESD)
2020-12-18 06:00:31 UTC
53323 Okundu
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
Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io Team
December 18, 2020
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
Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io Team
December 18, 2020
