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What is the issue price of EPS currency Introduction to the iss

Date:2024-08-05 18:44:27 Channel:Crypto Read:


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Today, the EPS coin that the editor of Coin Circle introduces to you is a forked project authorized by Curve. It is a DEX project, and its main function is to trade stablecoins with lower slippage and fees. As we all know, with the growing DeFi market, liquidity mining has also begun to slowly enter everyone's field of vision. However, due to the congestion of Ethereum and the continuous increase in gas fees, there will be slippage in the hot token transactions. Ellipsis was created based on this problem. It is a decentralized trading platform with low slippage and low handling fees. So what is the issue price of this EPS coin? Let the editor of Coin Circle bring you an introduction to the issue price and issue time of EPS coin.

 Introduction to the issue price and issue time of EPS coin

According to the investigation of the editor of Coin Circle, the issue price of EPS coin is US$7.8 and the issue time is March 24, 2021. Ellipsis Finance was officially launched in March 2021 as an authorized fork of Curve
Finance. The Ellipsis team will be supported by the Curve Finance team and will be committed to Curve
Finance's core values: trustless and decentralized architecture, zero deposit or withdrawal fees, no liquidity lock-up, and extremely efficient stablecoin swaps.

The protocol initially supports swaps between BUSD, USDC, and USDT (Ellipsis 3 pool). More pairs will be considered in the near future.

Liquidity providers receive EPS rewards, which are valid for 3 months. Rewards can be claimed before the end of the vesting period, subject to a 50% early exit penalty.

EPS with early exit penalties are distributed to the locked Staking pool. The most loyal EPS holders will receive the most benefits at the end of the 3-month vesting period.

The Staking pool collects transaction fees from those who exit the reward pool early (before the end of the 3-month vesting period) as well as EPS penalty income. There is no mandatory lock-up for the staking pool.

 What is EPS coin for?

Ellipsis is a decentralized exchange on the smart chain that can trade stablecoins with low slippage and fees.

Ellipsis is a forked project authorized by Curve. veCRV holders will receive a 25% token airdrop, distributed weekly over a one-year period.

EPS is Ellipsis’ native BEP-20 utility token, used for the following functions:

Liquidity Provider Rewards: Users can earn EPS tokens as rewards after depositing LP tokens into the rewards contract. The rewarded EPS allows users to earn trading fees from the platform and is released after 3 months. In addition, users can withdraw their EPS before the lockup ends, but will be charged a 50% early withdrawal penalty.

Staking Rewards: Users can earn rewards by staking EPS tokens. The staking pool earns income from trading fees, as well as EPS holders who withdraw the reward pool early. There is no mandatory lockup period for the staking pool.

Transaction Fees: Once users own EPS in the fee distribution contract, they will start to earn part of the transaction fees generated by the protocol. Transaction fees are evenly distributed (50/50) between liquidity providers and EPS holders.

Airdrop Rewards: Ellipsis will airdrop 25% of the total EPS (250 million tokens) tokens based on the number of veCRV holdings of Curve DAO users.

This article is a comprehensive answer from the editor of Biquanqun to the question of how much the EPS coin is issued. At present, the Ellipsis project has successfully completed its security certificate goal. In the future, the project will actively pass the certification of its organization and conduct decentralized proof of contract audit to prove that the team can never access user and investor information. Although the price of the project entering the market is high, the current price has been asked. Overall, the development prospects of the project are still good.

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