About Empty Set Dollar
Empty Set Dollar (ESD) is a cryptocurrency and operates on the Ethereum platform. Empty Set Dollar has a current supply of 446,012,144.97595006. The last known price of Empty Set Dollar is 0.0003775 USD and is up 0.17 over the last 24 hours. It is currently trading on 11 active market(s) with $1.68 traded over the last 24 hours. More information can be found at
Get up to $200 for getting started
Sign me up
Market Stats
Market Cap
$168,126.18
FDV
Not enough data
Circulating Supply
446,012,144.976 ESD
Max Supply
Not enough data
Total Supply
446,012,144.976 ESD
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$1.82
0.04%
Volume (7D)
$13.88
Volume (30D)
$52.88
All time high
$1.63
Overall Price Change (1Y)
-0.28%
Additional info about Empty Set Dollar
Recent trends
The price of Empty Set Dollar has increased by 0.21% in the last hour and increased by 0.10% in the past 24 hours. Empty Set Dollar’s price has also risen by 0.08% in the past week. The current price is $0.000377 per ESD with a 24-hour trading volume of $1.82. Currently, Empty Set Dollar is valued at 99.98% below its all time high of $1.63. This all-time high was the highest price paid for Empty Set Dollar since its launch. The current circulating supply of Empty Set Dollar is 446,012,144.976 ESD which means that Empty Set Dollar has as total market cap of $168,126.18.
Market details
ESD vs markets
↘ 39.02%
ESD vs BTC
↘ 44.76%
ESD vs ETH
↗ 41.34%
Tags
defi
stablecoin
rebase
seigniorage
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x36F3FD68E7325a35EB768F1AedaAe9EA0689d723 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000377 | ↗ 0.10% |
1 Day | $0.000377 | ↗ 0.10% |
1 Week | $0.000377 | ↗ 0.08% |
1 Month | $0.000394 | ↘ 4.35% |
1 Year | $0.000521 | ↘ 27.61% |
FAQ
Empty Set Dollar (ESD) is a community-owned stablecoin that functions as the reserve cryptocurrency of decentralized finance (DeFi). According to the document, the Empty Set protocol aims to play the role of a non-centralized bank issuing a decentralized and reliable stablecoin. The stablecoin, or DSU, acts like collateral supporting blockchain-based internet applications, also known as web3. DSU, “Digital Standard Unit” or the protocol’s primary stablecoin, is entirely backed by a reserve of low-risk assets to ensure increased stability of the cryptocurrency. The protocol encourages users to mint new stablecoin by providing collateral.
Empty Set presently accepts USDC as pledged assets to mint DSU. The protocol allows users to attract less gas price or charge to conduct and validate transactions on the blockchain when minting DSU tokens. Users can also redeem the collateral-backed cryptocurrency efficiently.
Empty Set intends to act as a wrapper for stablecoins. A wrapped token is secured to the value of a specific cryptocurrency while allowing the stablecoins to run on any blockchain network. In the case of Empty Set, the protocol reserves specific collateral and launches DSU, a stablecoin, against the guaranteed asset. Empty Set seeks to lower the risks of upstream protocols. This implies that if a stablecoin ceases to function or issues related to collateral-backing crop up, DSU can be swiftly migrated into new collateral, fueling the protocol. Empty Set wishes to favor trust-minimization, too. Hence, the protocol issues stablecoin by pledging collaterals with multiple trust guarantees.
ESS, or “Empty Set Share,” stands out as the governance token of the protocol. Users who have ESS tokens can vote and propose improved governance plans within the protocol. Both DSU and ESS operate as ERC-20 tokens on the Ethereum blockchain. The protocol enables users to stake the tokens and earn more cryptocurrency. Users can also continue to deposit the tokens in liquidity pools to make more revenues and earn ESS tokens as rewards. Although a governance token, ESS can backstop the reserve or add a secondary source of funds to support the protocol. For example, the protocol enables additional minting and trading of ESS to increase the reserve ratio only if the community votes for it.
According to the document, users with ESD can migrate the crypto-tokens to ESS using a wallet like Metamask or WalletConnect.
We update our Empty Set Dollar to USD currency in real-time. Get the live price of Empty Set Dollar on Coinbase.
The current market cap of Empty Set Dollar is $168.13K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Empty Set Dollar is $1.63. This all-time high is highest price paid for Empty Set Dollar since it was launched.
Over the last 24 hours, the trading volume of Empty Set Dollar is $1.82.
Assets that have a similar market cap to Empty Set Dollar include Cyclone Protocol, ChainGuardians, Carbon, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Empty Set Dollar is 446 million.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Empty Set Dollar news
Trending articles
Empty Set Dollar calculator
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.