Crypto Emporium is launching an innovative liquidity mining platform prior to the development of their decentralized community Governance peer to peer marketplace.
Crypto Emporium will not be holding any pre-sales or private sales of their token, so the only way you can get some of the tokens is by participating in the liquidity mining program,which means you have to provide liquidity on the mining pool to earn their token.
What is Crypto Emporium?
Cryptoemporium is a peer to peer online marketplace that allows users to buy and sell goods and services using cryptocurrency.
It is an online e-commerce marketplace and has been in operation since 2018, providing an intermediary service to source and supply the highest quality products from luxury brands at a competitive cost.
The main goal of Crypto Emporium is quite simple, they want to increase and accelerate the adoption of cryptocurrency by focusing on the two most important components which are merchants and consumers.
As a company that has been in the crypto space for about 2 years now, they've decided to expand their operations by launching their own ERC20 Token "CEFI", which will be distributed during the 8 weeks of their Liquidity Mining Program.
What is Emporium.Finance?
Emporium.Finance is a next generation Decentralized Finance Liquidity mining platform created by Crypto Emporium.
Emporium.Finance Liquidity Mining platform that will run for a period of 8 weeks, from 26th of Nov to 20th of Jan.
Emporium.Finance yield farming dashboard will allow its users to earn rewards by providing liquidity to their 9 high yield pools across a period of 8weeks, with a linear emissions schedule and transparent tokenmonics, the main goal is to evenly and fairly distribute CEFI to a wide community, so there won't be any such thing as pre-sales private sales (as I stated in the beginning of this article) that will favour large investors or whales as we formally know them, Emporium.Finance is accessible to all and offers the participants the possibility of a very high APY in tokens and CEFI tokens for the duration of the Liquidity mining program.
During this period of 8weeks Liquidity Mining program, a total amount of 150,960 CEFI tokens will be minted from the total supply of 888,000.
Out of these 150,960 tokens, 88,000 CEFI will be distributed to yield farmers on the Emporium.Finance dashboard through a linear weekly emission schedule.
This weekly emission schedule should protect the coin from inflation and ensure token price stays steady and rises over time.
What is CEFI Token?
CEFI is the governance token for the Emporium.Finance platform.
Also CEFI is an ERC20 token built on the Ethereum Blockchain. All contracts and code can be viewed on the Emporium.Finance GitHub (I will provide the link below).
The tokenomics about the Crypto Emporium (CEFI) token are one that further reveal the business intentions. The CEFI token has been designed and built with longevity and utility in mind. The CEFI Tokens are fairly and evenly distributed throughout the initial LP period and beyond.
Crypto Emporium allows its members to trade with each other, users can use the use their ‘points’ to directly purchase products, trade with other businesses and even sell their loyalty points for cash. Easily spendable, easily transferable and easily tradable. Step in, CEFI Token.
How to earn CEFI Tokens?
Since there won't be any Pre-sales or Private Sales of the CEFI Token, there are just 4 ways to be able to earn and own CEFI Tokens during this 8weeks.
here are ways you can earn it ;
Liquidity Mining Platform :
CEFI tokens can earned by providing liquidity to one of their 9 interest bearing pools, these 9 protocols have been specially chosen to give their users the most profitable and secured APY available in the market right now, you can participate in this liquidity mining program by connecting your wallet to the Emporium.Finance platform.Making purchase on the site and Cash-back :
During this 8weeks of the Liquidity Mining Program, Crypto Emporium will introduce their users to the concept of recieving "Cash back", these cashback will be given in form of CEFI tokens by making purchases through the Emporium.Finance platform.
When you purchase items like T-shirts, Hats or socks,after 24hours of the purchase, you will recieve an 100% cash back in form of CEFI tokens.
For instance, let's say you buy x3 Cap on Emporium.Finance, each of those caps are worth $50, so that's 50 x 3 = $150, after purchasing them in 24hours you will recieve $150 worth of CEFI tokens.
Sounds cool right?, you can buy those items and still get your money back, but it's going to be in form of CEFI tokens.Referring your Friends :
By using your unique referral ID to refer your friends, depending on how much they spend, you will be able to earn 25% in CEFI tokens.
So if your referral spends $200 on Emporium.Finance items you will recieve $50 worth of CEFI tokens to your ERC20 wallet within the space of 24hours.Bounty and Airdrops campaign :
Crypto Emporium will like to reward their loyal and engaged community, they have allocated 2% of their total token supply to the 8weeks bounty campaign found on bitcointalk.
They are encouraging and rewarding participants for promoting and engaging on their platform through Facebook, Twitter, Telegram, Reddit and YouTube.
These are the four (4) ways you can obtain CEFI Tokens.
Conclusion :
Emporium.Finance is more than just a speculative liquidity mining investment with no real end goal, Emporium.Finance is a project with big dreams and ideals that should resonate with any real cryptocurrency fan. They believe in decentralization, community, governance and most of all, giving cryptocurrency the real-world uses and adoption it really needs.
It is a business with intention, utility and experience. Crypto Emporium know the future of payments is cryptocurrency and they want to invite you to be a part of it.
So we've come to the end of the article, I hope you enjoyed it, feel free to leave a feedback (if you want to).
Food for thought :
Do you know Emporium.Finance might just be the best bet you ever make?
Here are some Useful links:
Website : https://emporium.finance/
Facebook : http://facebook.com/cryptoemporium
Twitter : https://twitter.com/CryptoEmporium_
Instagram : https://www.instagram.com/cryptoemporium/
ANN THREAD ON BTT : https://bitcointalk.org/index.php?topic=5291631.0
My eth wallet address : 0xF316bbF1eDd5e69A15b863141b2F6840C4475ebC