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| Empty Set Dollar 
| #ESD
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| ESD Price: | $0.000354 | | Volume: | $466 | | All Time High: | $1.90 | | Market Cap: | $41.4 K |
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| Circulating Supply: | 117,209,943 |
| Exchanges: | 2
| | Total Supply: | 117,209,943 |
| Markets: | 3
| | Max Supply: | — |
| Pairs: | 3
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The price of #ESD today is $0.000354 USD.
The lowest ESD price for this period was $0, the highest was $0.000354, and the current live price for one ESD coin is $0.00035352.
The all-time high ESD coin price was $1.90.
Use our custom price calculator to see the hypothetical price of ESD with market cap of BTC or other crypto coins. |
The code for Empty Set Dollar crypto currency is #ESD.
Empty Set Dollar is 4.3 years old. |
The current market capitalization for Empty Set Dollar is $41,435.
Empty Set Dollar is ranked #984, by market cap (and other factors). |
The trading volume is weak today for #ESD.
Today's 24-hour trading volume across all exchanges for Empty Set Dollar is $466. |
| The circulating supply of ESD is 117,209,943 coins, which is 100% of the total coin supply. |
ESD has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 2 crypto exchanges.
View #ESD trading pairs and crypto exchanges that currently support #ESD purchase. |
Bootstrapping døllar(ESD)
Døllar’s mechanisms is designed in a way to build the protocol and stablecoin from ground zero. There was no premine. The contract has an advance function which churns out 100 ESDs to first person who calls it every epoch. This is so designed so that the coin can be completely community run. The initial supply increases through the advance function and expansion of supply. Expansion of supply depends on the Uniswap price oracle between ESD/USD pair. Kickstarting Døllar was kickstarted on 25th August by calling the advance function and supplying into the liquidity pool. A article containing information was published on medium and twitter for people to take part in this experimental coin. There needs to a initial supply so that sufficient people may hold ESD and take part in bonding, providing liquidity and DAO governance. For the first 90 epochs, the price of the Uniswap oracle was fixed at 1.10 USDC, meaning the supply would expand 10% every epoch. The epoch is set to be 8 hours for now. Uniswap pool liquidity The Uniswap pool plays in important role in determining the price and thereby telling the protocol where to expand or contract in the next epoch. But, there needs to be sufficient liquidity in it for this to function properly otherwise it could be easily manipulated. Protocol needs sufficient time and incentive for people to know about and provide liquidity in the pool. Thus 5% of the expansion supply was decided a... 
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Introducing døllar and the {ess}.
It’s with great pleasure that we, the empty set squad, introduce døllar: a fully decentralized elastic-supply stablecoin. Its construction is an iteration on Basis and its predecessors, aiming to solve core issues within their mechanics. To translate to Ethereum, we incorporate ideas from 0x Staking, Rho, and build on top of Uniswap V2 oracles. — motivation. - Collateral-based stablecoins are both capital inefficient and carry risk to the underlying collateralized assets. Additionally, the total supplies of these stablecoins are constrained to strictly less than the available reserve assets on-chain. By iterating on existing primitives, and learning from prior experiments, we aimed to create an elastic-supply stablecoin not bound by these limitations. — design. - We value simplicity over perfection. Over-complicating mechanism design can lead to unintended side effects. Instead, døllar strives to achieve a minimum viable mechanism which can remain secure while solving the underlying problem, but has ample room for improvement via its decentralized governance system. — stability. - døllar is a single-token protocol. ESD is both the stablecoin as well as the vessel with which DAO stake can be claimed via bonding. Bonded ESD allows the user to claim future supply extension rewards as well as participate in governance. Price stability is based on an elastic supply model. To expand supply, new ESD tokens are...
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