Emporium.Finance CEFI.

 


There is no denying that Decentralized Finance has taken over the cryptocurrency space in 2020. At its core, the initiative is to open up traditional financial services for everyone, providing decentralized financial services based on a blockchain infrastructure. One of the new concepts that has emerged is yield farming, and you'll probably hear all about this in the cryptocurrency, tendies, borrowing, pickles, and sushi space, but what does all of that really mean?


What is Emporium.Finance?

Emporium.Finance is a Liquidity Mining Platform which will run for 8 weeks starting on 26/11/20. The aim is to distribute CEFI tokens equitably and fairly by enabling users to provide liquidity and earn rewards through 9 specially selected liquidity pools. They won't run pre-sales events or private sales that benefit whales or large investors who make it into the project early and throw away their tokens later on. It is accessible to all and offers participants very high APY possibilities in CEFI tokens and tokens throughout the program.


Vision and mission

Cryptoemporium aims to make it easier for you to shop online using crypto as an official means of payment and Cryptoemporium wants to be one of the largest online stores that can serve everyone in the world and can bring together sellers and buyers around the world, our team is truly international with scattered members on all continents; Italy, United Kingdom, United States, Singapore, India, Colombia, Latvia, BrazilCryptoEmporium.eu has been operating in this space since February 2018, with 100 orders from more than 25+ different countries. We have become the only cryptocurrency-exclusive online e-commerce store, it's time to take the next step with our Peer-2-Peer Marketplace.

The Cryto Emporium's mission is to create a blockchain-enabled economy by empowering merchants of all sizes to adopt e-commerce via digital currency without the need for advanced technical knowledge. By combining the features of a major e-commerce platform with the benefits of cryptocurrency. They aim to build the world's most comprehensive, simple and flexible marketplace. Bitcoin and other cryptocurrencies are currencies that are meant to be used in online trading. Deriving this revolutionary technology to be used as a 'Store-of-Value' or 'Speculative Trading Tool' is tantamount to eliminating the potential of distributed ledger technology to its fullest.

CEFI token

CEFI is an ERC20 token built on the Ethereum Blockchain. All contracts and codes can be viewed on Emporium.Finance GitHub

The tokenic of the CEFI token is one that expresses further business intentions. CEFI tokens have been designed and built with longevity and usability in mind. Tokens are distributed fairly and evenly during the initial LP period onwards;


Tokenomics and distributions are one thing, but cryptocurrency without real-world use and application will not have any value in the long term. Many of the projects launched during the 2017-2018 ICO boom completely missed this point and have no real use cases. This is where Crypto Emporium and Emporium.Finance take a different approach.

Governance Award Program
The Crypto Emporium aims to redefine the loyalty participation program with the introduction of the Governance Rewards program. This module is what sets a business apart from other platforms. It aims to reward platform participants: both buyers and sellers for actions and activities in the Peer-to-Peer Market.

This decentralized and automated model creates a self-governing platform and manages resistance where users can select and decide on major platform business decisions, participate in dispute resolution and self-organize around platform management. It empowers users in ways never seen before.

Combining Community Governance and Loyalty Rewards into one application is what gives Crypto Emporium immeasurable potential. Buyers and sellers are not only incentivized to engage with the platform, but they also have an important role to play in the development of the ecosystem and a key voice in future business decisions.

Peer-to-Peer Market
It can be said that no company or business could challenge the market dominance of Amazon and eBay, before blockchain and cryptocurrency technology emerged. This exciting new technology offers us the opportunity to completely rethink how the online marketplace works.

Peer-to-Peer Market connects people who have a product or service with people who need that product or service, in this case, using cryptocurrency. The introduction of cryptocurrency means we can now perform these transactions without ever needing a third party financial institution, allowing us to open this service in more than 125+ countries. Cross-Border Trading is one of the many things cryptocurrencies do well, offering near-instantaneous, low-cost transfers between two people in opposite parts of the world, without worrying about fraudulent chargebacks or unsuccessful payments.

EMPORIUM.FINANCE AND CEFI TOKEN
As for Emporium.Finance itself, as I mentioned above, it is a decentralized liquidity mining platform that has its own ERC20 token, CEFI.

This platform allows liquidity providers to receive rewards from their cryptocurrency assets using an unlimited liquidity protocol. In other words, users who provide liquidity to the pool are rewarded with ERC20 tokens and CEFI tokens. For blocking their cryptocurrency, platform users will receive a reward.

Emporium.Finance does not offer pre-sales or private sales to its investors. CEFI tokens can only be obtained by providing liquidity through the LP program, earning "Cash Back" for product purchases through the Crypto Emporium website, inviting friends to the Emporium.Finance platform or participating in rewards and airdropah programs. Therefore, the token price will be determined by the market.
The platform will be operational for 8 weeks starting from 11/26/2020 with the aim of distributing CEFI tokens through 9 specially provided liquidity pools available through the Emporium.Finance mining dashboard.

During this period, only 150,960 tokens will be mined out of a total supply of 888,000 tokens, and distributed among Emporium farmers. A financial platform that supplies liquidity according to a linear weekly emission schedule, which will protect the coin from inflation and ensure that the token price remains stable and grows overtime.

The weekly distribution will be in the following sizes.
  • LP program - 12,580 CEFI tokens per week
  • Teams and Development - 3774 CEFI tokens per week
  • Prize distribution - 17,760 CEFI tokens in total
  • Cashback distribution - a total of 17,760 CEFI tokens
This means that CEFI tokens will be mined as long as the liquidity providers provide liquidity on a weekly basis, and there will be no token pre-production, and, therefore, these tokens will not be in the developer's wallet of this project.

Token Allocation
During the 8 week Liquidity Mining Program, Emporium.Finance will only provide 150,960 CEFI tokens out of their total supply of 888,000. This amount will be divided and distributed weekly in the following amounts. LP program - 12,580 per / week
Team & Development - 3,774 per / week
Bounty Allocation - 17,760 total
Cashback Allocation - 17,760 total

Conclusion

The message from the Crypto Emporium is clear, it's time to use Bitcoin and other cryptocurrencies as they were originally intended, as digital currencies for online trading and transactions. This message has been rung loud and clear through social media communications since February 2018.

Emporium.Finance and the Decentralized Finance revolution have created the perfect storm for the Crypto Emporium team to present and pass on this idea to a wider audience, this allows them to incentivize and build an ecosystem that values, engages and trusts the community.


Further information:

Website: http://cryptoemporium.eu/

Telegram: https://t.me/CryptoEmporiumGroup

Media: https://medium.com/@cryptoemporiumeu

Github: https://github.com/Emporium-Finance

Instagram: https://www.instagram.com/cryptoemporium/?hl=id

Reddit: https://www.reddit.com/r/CryptoEmporium/

Author: Amild

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2583828

My ETH : 0xbf00577895715883E63C6694D33dA51b1cDEBDa8


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