$ECC ia DeFi 4.0 token, in which users are able to tap into value accumulated from a diversified range of yield farming strategies across multiple blockchains all by simply holding one token - $ECC.
The token has a tax on every trade. On all sells, a portion of the trade is used to fill up the Empire Capital Treasury. The more volume traded, the more the treasury grows. On the buy side taxes, tokens are both burned as well as distributed pro-rata to all current holders. Through this, holding $ECC is auto-compounding as well as being deflationary.
The Empire Capital Treasury makes investments in yield farms, auto-compounding vaults, yield aggregators and other reflationary and yield generating assets. Through its New Zealand based registered investment firm (ECC NZ LTD), investments can also be made into non-cryptocurrency strategies. In sum total, a diverse range of low risk to high risk investments to generate a ROI that is used to buy back the $ECC token, through which value is transferred back to token holders.
The average De-Fi user isn’t sophisticated enough to understand liquidity & navigate all the steps required to deposit, provide liquidity, stake, harvest, withdraw, etc to actually realize gains or have the skills or knowledge to determine what is safe & where the best ROI will come from as they struggle to understand the ever evolving landscape.
De-Fi is constantly evolving with new chains emerging with new opportunities. Most users don’t have the time to properly manage a portfolio of yield farming strategies & therefore won’t maximize the return possible. Thus they are unable to get exposure to other growing ecosystems like Avalanche, Fantom, Cronos etc.
For an average user, spreading bets across multiple holdings and multiple blockchains becomes extremely time-expensive. This leads to increased risk and concentrated bets vs a broad bet on the sector with diversified exposure.
$ECC removes the need for active management by the user by creating an opportunity to diversify holdings in projects focused on obtaining maximized staking/farming yields. Users gain the advantage of wider exposure to the yield farming sector while only needing to own one token. This limits the transaction fees to a single buy & single sell. Which is the most efficient means of broadening a portfolio’s exposure to the whole sector, including cross-chain opportunities.
The contract address of ECC on both Ethereum and Binance Smart Chain is
Overview of how $ECC fees work
Initial Supply: 100,000,000
Initial Distribution: All tokens used for liquidity on PancakeSwap in the ECC/BNB pair
Supply Change: 1% burn on every buy transaction
10% fee on each buy
- 9% reflection
- 1% true burn
10% fee on each sell
- 4% marketing
- 4% treasury
- 2% auto-liquidity
Fees are taken in the form of ECC tokens. When this amount is greater than the
numTokensSellToAddToLiquidityvariable (currently set at 100,000), on the next transfer these tokens are sold and converted to the native coin for that chain (ETH/BNB) and used for adding liquidity or sending to the marketing/treasury wallet.
A normal burn of a token in the ERC-20 standard 'destroys' the token, reducing the
totalSupplywhile also emitting a transfer event to the Null Address. This address is not controlled by anybody and so used as a way to permanently remove tokens out of the circulating supply. Burning applies a deflationary pressure to the token.
A true burn, in comparison, does not have this transfer event to the Null Address. When this event is fired, blockchain explorers/trackers such as Etherscan pick up on this and so it shows up as the Null Address owning these tokens. By omitting this, a true burn accurately displays the total amount of tokens that are in existence.
Fees that go towards the marketing wallet are used for the marketing and promotion of Empire Capital.
Fees that go towards the treasury wallet are used for investing into various strategies to generate yield such as yield farms, auto-compounding vaults, yield aggregators, yield generating assets and pre-sales. Profits generated from treasury strategies are then used to buyback the ECC token. More information on this can be found in the Farming-as-a-Service page.
Half of the fees for liquidity are kept as ECC tokens, while the other half are sold for native coins (ETH/BNB). These are then used to create liquidity on DEXs.
ECC is currently available on Ethereum & Binance Smart Chain under the same contract address. ECC utilises the Empire Bridge, meaning that the supply is shared between both chains and tokens can be freely transferred between the two.
With Empire Capital’s system for Cross-Chain Reflections, no matter which chain users hold ECC on, all ECC holders will receive reflections from buy orders from both chains. Cross-Chain reflections are claimed manually on BSC to save gas fees.
- Reflections from buys on BSC are automatically reflected into your holdings as previously worked.
- Reflections from buys on Ethereum are claimable manually on BSC.
- Reflections from buys on BSC are claimable manually on BSC.
- Reflections from buys on Ethereum are claimable manually on ETH.