EMPEmpyreal Exchange (EMP) Price

1. Project introduction

EmpyrealSDK is a development toolkit that aims to bridge the gap between the growing Web3 landscape and traditional developers.

The majority of developers, skilled in conventional programming languages, feel disconnected from the Web3 landscape due to the unique demands of languages like Solidity. This disconnect not only hinders individual developers but also prevents enterprises from integrating Web3 functionalities. EmpyrealSDK aims to bridge this gap by opening the doors of crypto innovation to a broader developer community.

By providing an intuitive interface for developers who may not be familiar with blockchain-centric languages like Solidity, EmpyrealSDK seeks to drive widespread adoption and foster creativity within the crypto space. It also streamlines the creation and management of decentralized applications by offering a modular approach, real-time data streaming, flexible automation, and end-to-end privacy right out of the box. Complementing this toolkit is the Enclave, a product that emphasizes wallet abstraction, privacy, and security. Together, EmpyrealSDK and the Enclave strive to make Web3 development more accessible, efficient, and cost-effective.

2. Application and distribution

Token application:

Staking / fee sharing

Token distribution:

Total supply is 300,000 EMP. All tokens are in circulation. The protocol will leave open the possibility of a one-off supply increase of 11% to 333,333 no sooner than January 31st, 2024, if there is appropriate justification and community support for it. The increased supply (33,333 tokens) will have a 6-month cliff and will be linearly vested over no less than 24 months. These tokens will be allocated with 8% to the team (new and existing hires) and 3% to growth initiatives (marketing and partnerships). Since there was no team allocation during the TGE, this supply increase is left as an option in the case that the team wants to create additional supply to facilitate growth.