Logo
Cardano Ecosystem

TapTools

03/15/2024

·

163 views


Token Spotlight: EMP

EMP is the utility token of the Empowa ecosystem. Empowa is a Real World Asset project building on Cardano that is on a mission to make 1 million African families become homeowners by 2030.

Token Spotlight: EMP

EMP is the utility token of the Empowa ecosystem. Empowa is a Real World Asset project building on Cardano that is on a mission to make 1 million African families become homeowners by 2030. The projects Realfi impact through decentralized finance depends on the three principles of building, community, and impact. This article delves into Empowa, the EMP token, its tokenomics, and more.

EMP Distribution & Tokenomics

EMP Distribution Pro page on TapTools

EMP has a total supply of 200 million tokens. Currently

28.93 million of these are in circulation, equivalent to 14.5% of the tokens supply. At 0.182 ADA per token, this gives EMP a Market Cap of 5,265,851 ADA, and a Diluted Market Cap of 36,409,885 ADA, placing EMP at #41 in the Top 50 on TapTools.

There are 3,658 wallets holding EMP, down 1.08% in the last 30 days. The tokens Median Holder Balance is 469.59 equivalent to 85.49 ADA, and an Average Holder Age of 491.57, highlighting a strong community that has been supporting the project through the bear market.

EMP Tokenomics page

The above image details the EMP tokenomics. 60% of tokens are reserved for housing project sales to support the project’s goal of increasing home ownership in Africa through decentralized finance

Liquidity

EMP Liquidity Pro page on TapTools

EMP has 268.13K ADA in liquidity across seven Decentralized Exchanges on the Cardano Blockchain. The most liquid DEX for this token is MuesliSwap, which holds 60.92% of EMPs liquidity, followed by Minswap which has 9.78%, and VyFinance being the third most liquid DEX with 9.74% of the tokens liquidity.

Volume

EMP Volume Profiler Pro page on TapTools

EMP has a Lifetime Trading Volume of 13.59 Million ADA, equivalent to 58.28 million EMP tokens. 6.84 Million ADA of this was Buy Volume and 6.75 million ADA was sell volume. The Swordfish wallet class (25–100K ADA) leads the token in volume, followed by the Whale wallet class, which also leads the token in Buy Volume.

Utility

We’ll now delve into the utility of the EMP token.

Staking

EMP token holders can stake their tokens to earn EMP rewards.

Developer Support Vault

In the future, EMP token holders will be able to support housing developers to meet their collateral obligations.

Conclusion

Empowa and its utility token, EMP, represent a transformative approach to decentralized finance by integrating a RealFi element that bridges the gap between digital innovation and tangible social impact. By aiming to make homeownership accessible to a million African families by 2030, the Empowa ecosystem illustrates the profound potential of the Cardano blockchain to cultivate a more sustainable, inclusive, and significant change in real-world conditions. This deep dive into the EMP token and its underlying principles not only unveils the capabilities of blockchain technology but also underscores its role in shaping a better future.

The Empowa website can be found here.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on TapTools

ORIGINAL SOURCE

https://medium.com/tap-in-with-taptools/...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Rare Evo: A Blockchain Event

More from TapTools

See more
Minswap V2 Launches on Cardano
TapTools
Minswap V2 Launches on Cardano

07/11/2024

·

74 views

Related News

See more

Argentina Digital Nation 2024
Rare Evo: A Blockchain Event
Argentina Digital Nation 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)