For a long time now, the crypto sphere has been in need of a peer to peer marketplace where crypto users can shop with their cryptocurrency, but since they weren't any online shops ready to take on this task, CryptoEmporium decided to take the bold step to build a decentralized marketplace where crypto users can buy and sell goods using cryptocurrency.
So, What is CryptoEmporium?
Cryptoemporium is a peer to peer online marketplace that allows users to buy and sell goods and services using cryptocurrency.
Crypto Emporium serves as an intermediary service to source and supply the highest quality products from luxury brands at a competitive cost.
And as far i know, Crypto Emporium is the first crypto-only e-commerce store on the internet right now,which makes it unique among all the online stores we have today.
Why Crypto Emporium?
Crypto Emporium will deliver on Satoshi’s main goal and create a fully decentralized, Peer-to-Peer Online Marketplace and accompanying Governance Rewards Program.
This goal became viable and achievable
through the emergence of Decentralized Finance(DEFI).
The DeFi market came to light earlier this year,and so far it has gone from strength to strength, and it's just getting started. The fastest-growing sector within the cryptocurrency space allows companies to create decentralized financial instruments separate from traditional centralized institutions.
The reason why there are much interest surrounding DeFi has to do with giving people more control over their own money and more interesting ways to use it.
So next up let's talk about,
What is Emporium.Finance?
Emporium.Finance is a Liquidity Mining Platform which will run for a period of eight (8) weeks, at the time writing this article it has already started on the 26th of November, the main purpose of this is to distribute the CEFI token evenly and fairly by allowing users to provide liquidity and earn rewards via 9 specifically chosen liquidity pools.
Since the tokens will be shared to only users who provide liquidity, the only way to get CEFI token is by providing liquidity, so there won't be any such thing as a pre-sale or private sale event that favours whales(large investors) that manage to get into the project early and dump their tokens at a later date. It is accessible to all and offers participants the possibility of very high APY in tokens and CEFI tokens for the duration of this program.
What makes Emporium.finance different?
The main reason why Emporium.Finance stand out is their team and development allocation is no different, as it is a project that does not allocate any special amount to the team and also there will be no pre sales or private sales , because CEFI tokens are only minted on a weekly basis as liquidity providers provide liquidity, meaning no CEFI tokens have been pre-minted to be held in owners or developers wallets.
This is will help to protect against the dreaded ‘rug pull’ that has plagued many projects launched in the DeFi space recently.
Here's how the tokens will be distributed during this program.
During this period of 8 weeks, only 150,960 CEFI tokens will be minted from the total supply of 888,000.
From these 150,960, 88,000 will be distributed to yield farmers on the Emporium.Finance dashboard through a linear weekly emission schedule.
This weekly emission strategy is been put in place to protect the coin from inflation and ensure token price stays steady and rises over time.
How about we talk about the CEFI token now,
So, what is CEFI token?
CEFI tokens will be the cornerstone of the Governance Rewards Program and Peer-to-Peer Cryptocurrency-Only Marketplace.
CEFI is an ERC20 token built on the Ethereum Blockchain. All contracts and code can be viewed on the Emporium.Finance GitHub,you can check out the link below for this.
The CEFI token was designed and built with both longevity and utility in mind, also the CEFI tokens will fairly evenly distributed throughout the initial Liquidity provision period and beyond.
Here's a graphical representation of the tokenomics.
Conclusion :
Crypto Emporium aims to redefine loyalty participation programs with the introduction of the Governance Rewards program and carry out Satoshi's vision.
Remember tokenomics and distribution are one thing, but a cryptocurrency without any real-world use case and applications will not hold any value in the long-term run.
There were so many projects launched between 2017–2018 during the ICO boom which completely missed this point and didn’t have any real use cases. This is where Crypto Emporium and Emporium.Finance takes a different approach.
Here are some Useful Links :
Website : http://cryptoemporium.eu/
Telegram group : https://t.me/CryptoEmporiumGroup
Telegram channel : t.me/Crypto_Emporium
Twitter : https://twitter.com/CryptoEmporium_
Bitcointalk : https://bitcointalk.org/index.php?topic=5291631.0
Facebook : http://facebook.com/cryptoemporium
Github :
https://github.com/Emporium-Finance
Medium : https://medium.com/@cryptoemporiumeu
Reddit : https://www.reddit.com/r/CryptoEmporium/
My eth address : 0xF316bbF1eDd5e69A15b863141b2F6840C4475ebC