EMP Money Overview - First ETH Pegged Coin on BSC and Strong Money Printer

EMP Money is a new protocol built initially on a TOMB Finance fork that has an interesting ecosystem that includes farms, nodes and so much more making it an all-in-one DeFi platform.  The $EMP decentralized algocoin is pegged to Ethereum (ETH) at a 4000:1 ratio.  It sits on the Binance Smart Chain (BSC) Network and is one of my favorite projects at the moment given how it was built and all the different strategies you can employ along with its unique features and the huge yields it pays out.  I prefer getting in early on unique platforms that I personally believe in and this certainly the case here so I hope you enjoy learning about the platform.

While EMP Money can be fairly complex given all the features, they also make it pretty simple as you can just approve the "Execute Strategy" start button and the platform does all the work investing into a couple different farms in the system in a 80% safe and 20% risky strategy.  The initial investment yield farms includes a pairing of their EMP token with ETH (80%) which limits the impairment loss usually associated with yield farming since the EMP is pegged to ETH.  The other farm is an ESHARE / BNB Liquidity Pool (20%) and is the more risky of the two.

One feature I loved that was different from just about every platform I've invested with is the EMP Academy.  Here you can watch a bunch of videos to help you get started and DYOR (Do Your Own Research).  

How to get started

You will need either BNB or BUSD to get started.  I simply bought some BUSD from my crypto.com account and then transferred to my MetaMask wallet where I interact with most of these projects (click here if you need to see how to connect MetaMask to the BSC).  From there you go to the EMP Money and click on the BUY EMP button which will take you to Pancake Swap (note, you can also work with the platform from Beefy Finance).  You will have to import the token (address = 0x3b248CEfA87F836a4e6f6d6c9b42991b88Dc1d58) whose address you can find on BscScan.

Note: You will also want to import the token into your MetaMask wallet under the Binance Smart Chain network using the same address like all new tokens.

Once you have purchase the EMP in your MetaMask you can simply click the Start button under "Execute Strategy" and you are off and running or you can select the exact portions of the protocol you want to invest in. 

FARMS

Yield farming is critical to the platform, providing liquidity and make EMP sustainable and keeping the token above peg.  There are three yield farming liquidity pools (LPs) on the platform all being conducted on Pancake Swap.

• EMP/ETH LP 

• ESHARE/BNB LP

• EMP/ESHARE LP

The EMP/ETH liquidity pool is currently paying out around 250% APR which is very good considering is should be safe if EMP can maintain near its peg to Ethereum.  

The ESHARE/BNB is far riskier but offer an even greater return currently over 500%.  The platforms two native tokens, EMP/ESHARE currently offer around 140% APR, however I am not invested in this particular farm.

All of these farms pay out in the ESHARE token which can be used in other areas of the platform.

DETONATOR

The Detonator has been built like the DRIP Network with rewards that can be paid out multiple times per day.  Here you can stake you EMP/ETH LP into the pool and earn back 365%.  Rewards can be claimed or compounded and the payout is virtually risk free which is unique in DeFi.

Once you deposit LP into the pool it can never be reclaimed, just your rewards throughout the day which reset at 12am UTC which is 8pm Eastern time in the US.  They also have added a lottery component which rewards two users every day, the largest depositor and a random depositor.  Payouts from these lotteries are huge, up to around $20K.

If you are a fan of DRIP, you will like this feature.  You must also use this feature to be able to gain referrals by depositing a minimum of .15 of the EMP/ETH LP token, however this only works out to around $15 at the moment.

NODES

The platform also allows you to purchase nodes to generate EMP.  Their Giga Node has a daily APR of 1.35% which equates to 491.81% per year.  I have other projects where I am invested in nodes so I'm not going to get involved in this feature initially but will look into it further down the line.  It is also expensive to get in costing 8,000 EMP which is currently over $6,000.

BOARDROOM

The Boardroom is one of the areas where you can stake you ESHARES gained from the platforms yield farms.  In this section you get rewarded when the EMP is greater than its peg ratio of 1 ETH to 4,000 EMP which is how you "print money" and the real goal for investors.  The current APR is over 1,800% and here you can earn EMP to reinvest into other parts of the platform.  To do this simply "claim" your rewards and they will appear in your wallet.

The timeframe to claim is called an EPOCH and last six hours so there are four timeframes to claim each day.

The Boardroom is also a tool to help keep EMP near its peg acting as a fractional share of Ethereum much like a Satoshi is to a Bitcoin.  When the price exceeds the peg, the platform will create more EMP tokens and distribute them through the boardroom which helps push the price back down towards the peg.

BOND

There are three kinds of bonds available, EMP bonds, ESHARE bonds or EBOND bonds.  I'm not going into great detail here but the bonds help the ecosystem overall.  The bonds help push the price of EMP towards its peg when they fall below having the opposite effect of the board room buy depleting the EMP supply in circulation.  These two features, in conjunction, put buy or sell pressures on the EMP token to make it always move towards the peg ratio but with the overall goal of keeping the token above peg.  You can trade bonds in for EMP once the token is above peg at a premium.

AUTO VAULTS

You can automate your yield farming here through YieldWolf.  Using this part of the platform you automatically compound on every deposit, every reward along with pending rewards done without deposit or withdrawal fees.  The payouts here are pretty attractive:

• ETH/EMP has over 1,000% APY

• BNB/ESHARE has over 15,000% APY

• EMP/ESHARE has over 300% APY

Note: returns listed here are APY which takes into account daily compounding unlike the APR listings above.

I will be eventually entering the auto vaults using my rewards from the platform but have not done so as of yet as you can see in my ecosystem strategy below.  The Auto Vaults are perfect for those who want to invest and forget about it while I personally like to be a little more active in my approach.

Winning Strategy

One of the team members, Crypto Mike, discusses what he deems the winning strategy on YouTube.  His strategy can be broken down into:

• 60% into Yield Farms earning ESHARE 

• 40% into Boardroom to claim ESHARE rewards when EMP is greater than the peg

I did not go with this strategy to start as I decided to go with the simple Execute Strategy and focused on the yield farms first.  Since you can get rewards in your farms, put these rewards into the Boardroom and then use those rewards in other parts of the platform.  In reality, I think most strategies will work.  The key is just getting into the platform and building up the various parts to create a passive income stream as you see fit.

My Ecosystem Strategy

After gaining ESHARE tokens from my two farms, I've taken those rewards and put them into the Boardroom.  The Boardroom rewards you in EMP tokens and I then take these and "zap" them into the Detonator.  The Detonator rewards you in EMP/ETH LP tokens, which is a very cool way to gain Ethereum if you want to split back out the LP token, however I take and place back in my EMP/ETH farm to start the process all over again for now.

• Farms --->ESHARE (to be put in Boardroom)

• Boardroom ---> EMP (to be put in Detonator)

• Detonator ---> EMP/ETH LP (to be put back in Farm)

Your ultimate strategy may actually change based on exactly how EMP is currently sitting in relation to its peg and your risk tolerance.  I'm still just building each of the features above as rewards come in for now but potential more advanced strategies to consider:

 * EMP Less than 1.01 Peg/TWAP (Time Weighted Average Price)

• Use profits to buy EBOND to help EMP recover to peg

 * EMP from 1.01 to 1.6 Peg/TWAP 

• 75% of profits into EMP/ETH LP 

• 10% into ESHARE/BNB LP

• 10% into Boardroom via ESHARE tokens

• 5% profits taken via ETH (or stablecoins) or put into Detonator

 * EMP Greater than 1.6 Peg/TWAP

• 50% of profits into EMP/ETH LP 

• 20% into ESHARE/BNB LP

• 20% into Boardroom via ESHARE tokens

• 10% profits taken via ETH (or stablecoins) or put into Detonator

Again, I'd keep it simple to begin and simply move your rewards to the feature that uses them as laid out in my ecosystem strategy above.

Conclusion

EMP Money checked off a lot of boxes that I look for when investing in crypto including being a relatively new innovative project with a small but rapidly growing TVL (total value locked is still under $30M) that has a well thought out ecosystem with strong sustainable tokenomics.  I value projects in which the team is active and actually show their faces, putting their reputations on the line, thus diminishing the chances of a rug pull.  I also prefer projects that have been audited and this platform has also been audited by Ox Guard that can be found here.  I also like projects in which I can control the risk level and this platform allows for that with all the different farms and features available.  The ability to virtually eliminate impermanent loss in the first yield farm is very appealing as is the tie (or peg) to Ethererum, a coin that I am long-term bullish on.  Very few projects I invest in check this number of boxes which is why I am very excited about EMP Money.

You can find more information and link to their communities on Twitter, GitHub, Telegram and Discord.

Platforms like EMP Money are risky so please don't consider any of this financial advice and if you are interested do your own research first.  If you do which to invest after looking into it and my article helped prompt you in anyway, please use my referral link.  If you believe in the long-term growth of Ethereum, this platform is a very interesting play on the second largest cryptocurrency.  Because it sits on the Binance Smart Chain, gas fees are much cheaper than transactions taking place on the Ethereum Network making it much more attractive to average investors.  Despite the number of features, I also think this platform is an excellent starting point for those wanting to dip their toes into yield farming, especially the EMP/ETH farm, while learning how to work an entire ecosystem.

While I'm new to EMP Money so far I am a big fan and look forward to really digging into all the parts of the platform.  I'm always on the look out for new ways to make passive income and this certainly fits the bill thus far, thank you for letting me share it with you.