Gate Will List Empty Set Dollar (ESD)

Gate is going to commence Empty Set Dollar (ESD) trading on December 18th at 07:00 UTC.



About ESD:

Empty Set Dollar (ESD) is an algorithmic stablecoin built to be the reserve currency of Decentralized Finance. The protocol is centred around an ERC-20 token: ESD. This token acts both as the stabilized dollar and as the governance token for the protocol.

Price Mechanics

If there is excess demand for ESD, then the price will trend above \$1 on the Uniswap pool, and that signals the protocol to mint additional token supply. Conversely, if the demand shrinks, excess selling on Uniswap will push the price below $1, which triggers the protocol to generate debt and incentivise token holders to burn ESD to shrink the token supply.



Risk Warning:

Please note, ESD adjusts supply at every epoch, currently 8 hours. The supply adjustment doesn't affect users’ balances, but it will grow or shrink the total supply. The adjustment may cause market price changes. Please fully understand the project and risks involved.





ESD/USDT Trading starts: December 18th at 07:00 UTC



Token symbol：ESD

Website：https://www.emptyset.finance





Deposit ESD at https://www.gate.com/myaccount/deposit/ESD

Trade ESD in USDT market via: https://www.gate.com/trade/ESD_USDT

Trade ESD in ETH market via:https://www.gate.com/trade/ESD_ETH







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Gate Team
December 18, 2020