The project aims to set itself apart from others by focusing on multiple token attributes with real-world use-cases.
Introducing Empire Token
The Empire Token will bring users an innovative coin that offers multiple use-cases, stretching from DeFi applications like NFTs to real-world operations that flex the token’s capabilities.
The project theme “Keep Climbing” captures its intentions to serve as an ever-progressing project created to push the boundaries of DeFi. It will also implement innovative industry-accepted practices like the static RFI and automatic LP that ensure that liquidity is available at all times and real-life utilities that are coming soon.
The Empire token is laced with real-life use cases and real DeFi applications for users and holders alike. The project’s various components will be harnessed to give users what’s missing with other DeFi projects – a way to bridge crypto into traditional transactions.
Non-Fungible Tokens (NFT):
Empire NFTs come with unique attributes and an extra layer of utility that allows users to license their media for commercial use.
Users will also be able to trade and stake NFTs on the platform, but it is the licensing feature that makes Empire unique. Instead of only making a one-time profit on a single, artists can earn steady income by leasing their assets for use. NFTs have hardly been tapped into
RFI and Deflationary Mechanisms
Empire Token is embedded with both RFI and deflationary mechanisms. This means users and holders can acquire frictionless rewards simply via interacting with the token.
Deflationary means the total supply steadily gets depleted, resulting in continuous reducing total and circulating supply and increasing value due to scarcity of the token. Many projects offer seemingly incredible rewards, but have little to no deflationary measures in place. By providing a concrete path to reducing the overall supply over time, Empire is circumventing their token seeing an abrupt crash in value due to an oversaturated market.
Automatic Liquidity Provision (LP)
A certain percentage of all Empire tokens will be used to automatically add liquidity to their pool on PancakeSwap. This could mean a continuous availability of liquidity and a steady increase in the token price over time, especially considering the success of PancakeSwap in the BSC ecosystem.
Instead of completely focusing their attention on intricate DeFi use-cases, Empire has broadened their horizon to include real-world applications for users outside of the DeFi community. By using Empire’s search engine, users can purchase tickets and book accommodations. The token will have a variety of real-life use-cases that will implemented over time, making the project a bridge for the community.
The start of DXSALES presale was completed June 7th, with the full hard cap of 800 BNB selling out within 13 minutes. 80% of the presale funds are now locked with PancakeSwap, with that sale beginning on June 11th.
The total token supply is 1 billion EMPIRE, which has both deflationary and reflectionary properties.
The top address holding tokens represents Locked EMPIRE.
The token distribution is as follows:
Private Sale – 6%
Presale – 32%
Liquidity – 21%
Marketing – 7%
Staking and Rewards – 10%
Partnership and Listings – 5%
Manual Burns – 12%
Team – 7%
Plans For Month of June
Social Media Accounts
Smart Contract Audit
Empire Token on BSC (Done)
Empire Token on PancakeSwap
Empire on Blockfolio, Coingecko, Coinmarketcap
Live Videos with Founders
First Partnership Announcement
NFT Marketplace Teaser
Plans for July
Launch NFT Smart platform (NFT Marketplace & NFT Licensing)
NFT Marketplace Audit
NFT Staking Pool
Development of the First Version of the Empire Payment Service
The plans are not exhaustive, meaning more integration and products are underway. The current roadmap concentrates on two core areas; the NFT and the Empire Token. Empire aims to revolutionize NFT and how we interact with the tokens, giving added utilities. NFT will find new exploration with the communities and DeFi users.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.