During the bootstrap phase, Empty Set Gold (ESG) will inflate supply by roughly 10% per epoch (6 hour period). This initial guaranteed sequence of expansions helps to achieve gradual supply extension up to a target market cap, while also allowing time for motivated participants to gain access and share in the protocol.

It can be somewhat difficult to judge the best way to become involved, but here are the two main methods likely to benefit early joiners to the project.

  1. Bond to the DAO and receive expansion rewards of 7.75% (compounding), per epoch, and in future take part in protocol…

emptyset.gold — Empty Set Gold (ESG) is an elastic, algorithmic reserve token pegged to the price of gold.

tl;dr

  • Seigniorage coins are promising, but pegging to USD isn’t an optimal solution. Aside from the technical risk of blacklisting (ESD/USDC funds may become blacklisted in the Uniswap Pool), the fundamental value of 1 USD is still subject to regulatory whims and value dilution via inflation (one of the key issues which inspired Bitcoin’s creation). …

Empty Set Gold

Empty Set Gold (ESG) is an algorithmic reserve token pegged to the price of gold.

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