Are you into cryptocurrencies? Do you fancy growing your Ethereum using an alternative investment platform?
Emp.money could be a good fit for you. In this EMP Money review, we take a sneak peek into the platform and share everything you need to know.
Is it legitimate or a scam/ponzi scheme? Read on to find out.
What Is EMP Money
EMP Money is the complete platform with EMP being the native token of the crypto passive income ecosystem along with ESHARES.
As per the website, EMP has a 4000:1 peg to Ethereum. So, depending on how you feel about Ethereum, this could be something that’s worth a shot.
If you believe in ETH long-term, so should you in this platform.
Moreover, this isn’t something that can tank in value overnight unless ETH takes a big hit. The peg can be a good or a bad thing depending on how you look at it.
You can monitor EMP money price on CoinMarketCap in real-time here.
How EMP Works
With EMP.Money, there are several entry points into the ecosystem. It works similarly to Tomb ecosystem but has a peg to Ethereum instead of Fantom.
Tomb Finance thrived but when the prices of Fantom tanked, Tomb followed.
EMP takes the best bits from Tomb and makes things even better by using Ethereum which is way safer as it’s considered a bluechip cryptocurrency.
There’s also a token called ESHARES that you can invest in, and deploy in the EMP boardroom which is somewhat riskier as it depends on the market.
ESHARES is also a very volatile asset that can skyrocket/plummet in value in a matter of days. For these reasons alone, you’re better off without playing with it. Now comes the fun part, here’s how you can get started with EMP:
1. Get BNB on Pancakeswap
BNB or Binance Coin is the native token of BEP20 ecosystem. Formerly called Binance Smart Chain, the network is now known as BNB Smart Chain.
Since it’s the native token, it’s added by default in decentralized exchanges like Pancakeswap and you won’t have to bother about adding a contract address.
Since BNB is used for paying transaction fees, you’ll need a small amount in your wallet. You can buy Binance Coin from Binance, and then withdraw to your DEX wallet like Metamask using an appropriate network for your withdrawal.
2. Use the 'Zap In' Feature on EMP Website
You can either manually create an EMP-ETH LP token by going to pancakeswap farms or create one in one-click using the “Zap In” feature on the website.
Once successful, you’ll have an EMP-ETH liquidity pair token that you can use inside the ecosystem.
This LP token can be used to enter the three available farms – EMP-ETH, ESHARE-BNB and EMP-ESHARE. The first pair is recommended as EMP is pegged to Ethereum so there shouldn’t be any impermanent loss.
A LP token is made up of two tokens with each sharing 50% of the value. If one token increases/decreases in price aggressively, the system will automatically buy/sell more of the other token to maintain the 50-50 ratio.
This can be a deal-breaker as you’re buying more of the losing token by selling your more profitable token.
The EMP Money Detonator
EMP Money Detonator is where the money is.
It’s a vault that gets you 365% of your initial deposit, guaranteed. The dollar value may fluctuate depending on how well ETH is doing but you’ll make back 365% of your deposit in Ethereum over an year.
The vault pays around 1% a day. The number is ever-changing and the returns are in the range of 0.70-0.80% a day. It will continue to pay till the time you’ve reached 3.65x your initial.
You can either withdraw your daily profits or compound to grow your account.
The Detonator is the best way to make a profit from the ecosystem as it’s the most stable and the least risky. However, it works similar to DRIP and your original deposit is burnt.
In theory, you should make back your initial in just 100 days. The platform has been around for a while and it has did very well during the bear market.
The daily top depositor and random depositor prizes are well over $20k so you stand a chance to win the lottery.
EMP Money Review - Pros & Cons
Let’s have a look at the pros and cons of Emp.money
First the cons.
Now, the pros.
Conclusion - Is EMP.money a Scam?
No, far from it. EMP Money is not a scam. In fact, it’s one of the most lucrative crypto platforms today.
The platform has been consistently generating yields for a while. The performance has been impressive even during the bear market when the market sentiment is not that great.
If you use the 365% vault, you can easily make back 3.65x your initial. If you have some cryptos sitting on the side, you can benefit from this crypto biz op.
Disclaimer: I’m not a financial advisor and this is not financial advice. The content on this website is strictly for educational purpose only and should be treated as such. Investing is risky and you should be prepared to lose your original investment if things go south. It’s in your best interest to consult a licensed financial advisor if you’re considering investing in an asset class.