Overview of how EMP.Money works

👑 Overview of the EMP Money Loops 👑

At EMP.Money - there are many different 'money loops'.

In other words - many different opportunities to get involved and earn daily, passive income.

It is however easy at first to get overwhelmed!
So in this article – let’s break down EMP.Money and simplify it to make it as easy as possible to start. 

Before we jump in - please can I acknowledge the wonderful David Younger (one of the fantastic member's of the Crypto Course) who wrote this article.  Thank you, David!

===


The Headline:

🎯 EMP gives you direct exposure to two of the top five coins in crypto, ETH and BNB. This is the place to be if you’re bullish on either or both. 
There are two native tokens in the EMP ecosystem. We have a utility token (EMP) and a reward token (Eshare). 

⚡️*Farms and auto-compounding *

🎯 The first place to go to start earning is to the EMP-ETH farm.

This is where you can create and stake liquidity pairs (LPs) to earn rewards (eshare). You can do this yourself on Pancake Swap, or you can simply zap ETH, BNB, BUSD, ESHARE, SPS, xGRO, or EMP directly into the farm, and it will create the LP for you. 
If your goal is to set it, forget it, and grow your LP position, you can deposit your LPs into the Magik autocompounder. It autocompounds for you. 
If you keep your LPs in the farm, your LP position won’t grow unless you deposit more, but you’ll earn eshare rewards. 
For the sake of simplicity, let’s assume you want to stay in the farm and earn eshare rewards. You can claim your rewards any time with no redemption fees. You can then swap them for anything you want on Pancake swap to take profit.

If you want to earn on your earnings, you can stake your eshare rewards in the eshare single staking farm, where you’ll earn more eshare on top of your eshare. You can also claim your eshare and zap it back into the EMP-ETH farm to increase your LPs. 
These are the two currently active farms:

1: The EMP-ETH farm
2: The eshare single staking farm.

In the former, you’re using your utility token (EMP) to pair with ETH to create liquidity pairs (LPs). You’re then staking these LPs in the farm to earn rewards (eshares), which you can take for profit, stake to earn more eshare, or zap back into the EMP-ETH farm to grow your LPs. 

⚡️*Detonator and Reactor *

🎯 There are a couple of more options as well, which involve locking up your LPs and earning 365% on your deposit. So if you stake 100 LPs, your deposit is burned, and your maximum reward will be 365 LPs. You receive daily rewards called daily bursts, based on your percentage in the overall pool and the overall pool size. 
We have one of these ROI contracts utilizing EMP-ETH LPs called the Detonator, and we have one using BNB-eshare LPs called the Reactor. 
Each has a daily random lottery, a highest deposit lottery and a win-it-now prize.

You have to compound or claim your daily burst every day prior to the respective rollovers, or the rewards for that day roll back into the pool. You don’t lose anything. You’re simply adding a day to your maximum ROI.

This is not for you if you only have a small amount of LPs. It’s not for you if you are not willing/able to interact with the contract on a daily basis to compound or claim your rewards. It’s not for you if you do not have a longer-term trajectory and you need everything completely liquid at all times. 
There are two ways to get tickets for the daily lotteries. 
You can compound your daily rewards for a maximum of 50 tickets, and you can deposit fresh LPs for a maximum of 50 tickets.

If you compound, you get a 20% bonus. For example, compounding 6 LPs from your daily Detonator rewards gives you 50 tickets for the day.

Depositing 7.5 LPs into the detonator gives you another 50 tickets for the day for a maximum of 100 tickets/day.

Compounding .4 LPs in the Reactor gives you 50 tickets and depositing .5 LPs gives you another 50 tickets. 
There are also partnerships with other protocols using their native tokens in detonator-style contracts, which are called Detonator as a Service (DaaS). 

⚡️*Boardroom and Nodes*

🎯 The boardroom is a magical place where you can stake your eshare when the peg is above 1.01, which turns the boardroom on to print more EMP. This is the only time fresh EMP is printed.
The more eshare you stake in the boardroom, the more EMP you’ll receive when the boardroom prints. When we are below peg, the boardroom does not print new EMP. This is critical to the controlled inflationary economy. 
It doesn’t make sense to leave your eshare in the boardroom when below peg because it will just sit there idly as opposed to staking it in the eshare farm, for example, to earn more eshare. 
Nodes are like personal boardrooms that produce EMP irrespective of whether we are above or below peg. You get a 400% ROI minus your node purchase. There are different-sized nodes, all with the same ROI, but the bigger the node, the faster the time to ROI. For example, you can buy the largest-sized node, a Giga node, for 8000 EMP. Your maximum payout will be 32000 EMP in dynamic daily rewards.

⚡️*Additional use cases for EMP *

🎯 Selling your EMP hurts the protocol and hurts your own bags. Remember that EMP is a utility token and eshare is a reward token. 
Using your EMP to make more EMP is one thing you can do with your EMP. You can also use your EMP on partner protocols like Splinterlands, Growth DeFi and UP finance. This is something to explore when you’re more familiar and comfortable with EMP.

⚡️*NFTs*

🎯 Finally, we have 3 different kinds of NFTs, all purchasable on the secondary marketplace:
1: POW’r UP NFT which you purchase with ETH and you receive ETH as rewards. 
2: Detonator Defender NFTs which you purchase with BUSD and receive EMP-ETH LPs as rewards. 
3: Sentinel NFTs, which you purchase with BUSD and receive BNB and MDB as rewards. MDB is the native token of another partner protocol. 
NFTs are the most passive way to earn income in the ecosystem for those who want to set it and forget it. 

*Summing up *

🎯 Learning anything new at first - can sometimes feel overwhelming!

However - EMP.Money is not as complicated as it may seem when you first arrive at the website. You likely arrive because you’re bullish on ETH and/or BNB and believe in making your money work for you instead of parking it somewhere and waiting for appreciation over time. 
To get started in the EMP-ETH farm, you’ll need to create your own liquidity pairs (LPs) on Pancake swap or simply zap BNB, BUSD, ETH, ESHARE, SPS, xGRO, or EMP directly into the farm, and the zapping creates the LPs for you. This is a great place to start. 
Then you’ll decide what you want to do with your eshare rewards that you receive in the farm. You can sell them for profit, stake them into the eshare single staking farm to earn even more eshare, zap back into the EMP-ETH farm to grow your LPs, or zap into the Detonator or Reactor. 
There are numerous ways to create infinite money loops in EMP where you’re earning on top of your earnings. 
The EMP-ETH farm produces eshares.  You stake your eshare rewards in the eshare single staking farm.  And then, you can claim your eshare rewards from your eshare single staking farm and zap them into the EMP-ETH farm. You’re growing your bags without adding fresh capital!
There are many other iterations of money loops where you can include your nodes, detonator or reactor, and NFT rewards. 
Let’s say you have a position in the EMP-ETH farm, and you have a node(s) producing daily EMP rewards, and you’re staking your eshare rewards into the eshare single staking farm. Instead of zapping the eshare rewards from that farm into the EMP-ETH farm, you can swap your eshare rewards for ETH on Pancake swap and pair that with your EMP node emissions to create more EMP-ETH LPs to deposit into the farm or detonator. 



Final Thoughts:

🎯 Keep it simple at first, and then you can start adding new pieces to the puzzle. Eventually, you can expand your money loop including partner protocols like MDB, Growth DeFi, Splinterlands and UP finance. 

As always - if you have any question - please ask them in the Facebook Group.
Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us