Details about Empty Set Dollar cryptocurrency
€67,081 ( 0%)
€5
118,085,696
118,085,696
17.02
Unknown
https://emptyset.finance/
@emptysetsquad
7555040x
€4291.79
Empty Set Dollar price charts
ESD exchanges
Empty Set Dollar, the crypto
Empty Set Dollar (ESD) is a decentralized stablecoin built on the Ethereum blockchain. It is designed to maintain a stable value of $1 without the need for collateral. The ESD token is used as a medium of exchange and store of value for transactions within decentralized applications.
The point
The main point of Empty Set Dollar (ESD) is to create a stablecoin that is not backed by collateral, and instead uses algorithmic mechanisms to maintain a stable price. This eliminates the need for centralized control or reserve funds, making it more decentralized and economically efficient.
The problem
The problem that Empty Set Dollar (ESD) is trying to solve is the volatility of cryptocurrencies. Traditional stablecoins are backed by collateral, which can be subject to liquidity issues. ESD solves this by using an algorithmic approach that adjusts the token supply to maintain a stable price, without the need for collateral.
Compare ESD and BTC performance
| Timeframe | ESD | BTC |
|---|---|---|
| 1h change | 0 % | -0.0202794 % |
| 24h change | 0 % | -0.623027 % |
| 7 day change | 0 % | 3.57007 % |
| 14 day change | -1.21 % | -1.77664 % |
| 30 day change | 0.08 % | 0.907414 % |
| 200 day change | -68.18 % | 136.014 % |
| Year change | -92.83 % | 146.53 % |