{"id":133361,"date":"2021-07-26T12:43:53","date_gmt":"2021-07-26T12:43:53","guid":{"rendered":"https:\/\/precoinnews.com\/?p=133361"},"modified":"2021-07-26T12:43:53","modified_gmt":"2021-07-26T12:43:53","slug":"empiredex-liquidity-generation-event-is-live","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/empiredex-liquidity-generation-event-is-live\/","title":{"rendered":"EmpireDEX – Liquidity Generation Event is Live!"},"content":{"rendered":"

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Decentralized exchanges are peer-to-peer (P2P) marketplaces that directly connect crypto buyers and sellers. These exchanges are non-custodial and transparent in nature. Users do not have to share their private keys during the exchange, making them safer than centralized exchanges.<\/strong><\/p>\n

EmpireDEX is a next-gen decentralized exchange that weaponizes liquidity for projects to utilize the liquidity in unique ways. EmpireDEX is unique from other DEXs as it allows token creators to use EmpireDEX\u2019s weaponized liquidity mechanic that can sweep one side of a crypto pair without affecting the other\u2019s price.\u00a0<\/span><\/p>\n

EmpireDEX, being a decentralized exchange, allows users to exchange their BEP-20 \/ ERC-20 tokens and offer liquidity to the users in a trustless and non-custodial environment. It does not store and own private keys to user wallets to exchange tokens or provide liquidity.<\/span><\/p>\n

EmpireDEX uses the concept of Liquidity Pairs that acts as automated market makers. These liquidity pairs can readily accept a token as long as the overall value remains the same. Anyone can become a liquidity provider for a pool by liquidating the equivalent value of the underlying token in exchange for Liquidity Tokens.\u00a0<\/span><\/p>\n

<\/span>Unique EmpireDEX<\/strong><\/span><\/h2>\n

EmpireDEX operates differently from most of the DEXs and offers two unique services.\u00a0<\/span><\/p>\n

– Time-Locked Initial Liquidity<\/b><\/p>\n

Projects can Time-Lock their initial liquidity within the EmpireDEX using liquidity creation and listing level. It eliminates the need to use third-party applications for the same purpose. Projects can choose from four options according to the time they want to lock liquidity, <\/span>No Locks, 3-Month Time-Lock, 6-Month Time-Lock, and a 12-Month Time lock.<\/b><\/p>\n

– Sweepable Liquidity Pairs<\/b><\/p>\n

Users, platforms, and projects can utilize Weaponized Liquidity and sweep a single side of the liquidity pair without affecting the other. This feature gives unparalleled control over their assets. This mechanic will help users <\/span>buybacks, build an attractive chart for traders, marketing, rewards for pools, lending initiatives, expansion of teams, funding infrastructure, and more.\u00a0<\/b><\/p>\n

Apart from these features, EmpireDEX is also launching a Liquidity Generation Event, which will allow projects and users to earn even greater rewards.\u00a0<\/span><\/p>\n

<\/span>Liquidity Generation Event<\/strong><\/span><\/h3>\n

Liquidity Generation Event<\/span> is a fair launch event designed to reward every participant equally. In this event, EmpireDEX will utilize a smart contract that accepts only BNB, and users can contribute to the launch contract using the tokens.\u00a0<\/span><\/p>\n

After the completion of a 14 day deposit period, the BNB collected will be paired with 60% of the supply of EMPIRE tokens to create the first EmpireDEX pool.\u00a0<\/span><\/p>\n

Smart Contract- <\/b>0x5badF82387F84BF99cCA1f0264a7070c870E22Fe<\/span><\/p>\n

The EMPIRE\/BNB LP token pair is permanently wrapped and is not redeemable for the underlying assets. EmpireDEX incentivizes liquidity using these mechanisms.<\/span><\/p>\n