Empty Set Dollar ESD price:

How to buy Empty Set Dollar? How can I buy the Empty Set Dollar coin? Empty Set Dollar stock how to buy? How to get Empty Set Dollar?

To find out where you can buy currency Empty Set Dollar see the list of available exchanges.

Where to trade Empty Set Dollar?

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Empty Set Dollar, symbolized as ESD, is a pioneering algorithmic stablecoin protocol built on the Ethereum blockchain, specifically engineered to maintain a stable peg to one US dollar. Unlike fiat-backed or crypto-collateralized stablecoins, ESD achieves its price stability through an elastic supply mechanism, adjusting its total supply programmatically in response to market demand and price deviations from its target peg. This innovative approach aims to deliver a censorship-resistant and decentralized stablecoin solution that does not rely on off-chain reserves or centralized entities. The core mechanism of Empty Set Dollar involves a system of supply expansion and contraction, commonly referred to as rebasing. When the price of ESD is above one dollar, the protocol automatically expands the supply, distributing newly minted ESD proportionally to existing holders, effectively increasing the supply and aiming to push the price back down to the peg. Conversely, when the price of ESD falls below one dollar, the protocol incentivizes supply contraction. This is primarily achieved through a coupon mechanism, where users can burn ESD tokens in exchange for coupons, which are promises for future ESD tokens. These coupons can be redeemed for newly minted ESD once the supply expands again, offering an arbitrage opportunity that encourages users to reduce the circulating supply during periods of price contraction. Participation in the Empty Set Dollar ecosystem is further enabled through bonding, where users can stake their ESD tokens within the protocol. This not only supports the stability mechanism but also allows participants to earn rewards from the protocol’s operations and participate in governance. As a decentralized finance primitive, ESD aims to provide a reliable medium of exchange and unit of account within the broader DeFi ecosystem, offering a stable asset that is not subject to the volatility of traditional cryptocurrencies or the centralized control associated with fiat-backed alternatives. Its economic model is designed to be self-regulating, driven by market incentives and smart contract logic, striving for a truly decentralized stablecoin solution.

Empty Set Dollar is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

What is the value of Empty Set Dollar coin?

1 Empty Set Dollar is worth $0.000354.

To get price and historical data for Empty Set Dollar coin, use API ID: esd-empty-set-dollar for endpoints at http://api.coinpaprika.com.