What is Empire Token (EMPIRE)?
Empire token is creating an ecosystem of market-driven decentralized applications (dApps) to support and expand the growth of decentralized finance (DeFi). The plan is to make decentralized finance mainstream by giving people the tools they need to get started and remain involved. Another way the platform wants to increase DeFi adoption is by providing a single interface for all decentralized finance needs.
The EMPIRE token has been created as a deflationary currency made for use across all applications within the Empire ecosystem. The current EMPIRE price can bee seen on the live Empire token price chart above.
Since decentralized finance may seem a bit intimidating to some people, the project aims to change this view by providing blockchain education and transforming the Empire ecosystem into a user-friendly platform. Besides, the platform seeks to connect its users with safe and reliable DeFi projects through the applications.
The project has launched its own NFT marketplace, a launchpad, and a trading platform – defigram.io.
Use Cases of EMPIRE Token
One of the first places you can make use of the EMPIRE coin is the NFT marketplace. This platform empowers artists and creators to monetize their works, and for NFT collectors and traders to easily collect, trade, and manage their digital assets. Also, the marketplace provides NFT licensing features to NFT artists and publishers. This allows the leasing of digital assets to third parties for commercial purposes.
The Empire launchpad also gives creators all the tools needed to create ecosystems and mint NFTs. On the launchpad, EMPIRE crypto tokens are used to cover mint fees.
Moreover, the defigram.io platform is another place where EMPIRE tokens can be used. It is an all-in-one DeFi platform where you can trade, hold, and track your digital assets. You can engage with other users or find price charts, just like the live EMPIRE price chart above. In essence, the defigram.io project is designed to be a fusion of Web3 and social networking.
Other use cases planned for the EMPIRE token ecosystem include payment systems and escrow services. The payment service will provide easy access to funds using modern technologies, while the escrow service will make it easy for creators, advertisers, project developers, and other service providers to carry out their business activities.
Besides, EMPIRE token holders can also stake their holdings and earn rewards. They can participate in farming activities as well, by contributing to farming pools and earning rewards.
Another unique way of earning passive income through the platform is through a feature called reflections. With this feature, the number of EMPIRE tokens you own increases as long as you hold them. The platform does this by redistributing 2% of every token swap or transfer fee earned between wallets to token holders. This is done to encourage users to hold EMPIRE tokens as a means of passive income.
If you are interested in this, you may want to check the current or the previous EMPIRE price on the chart above.
Who Founded Empire Token?
Empire token was founded by Abdullah Ghandour. He has over 10 years of experience with marketing and over 5 years of experience in digital communications. The team also has Lyka Chang, Tim Lee, and Ali Sulehna as core members.
