About vEmpire

vEmpire DDAO is the largest decentralized Metaverse investment organization. They are the world’s first application that enables investors to earn interest on their Metaverse cryptocurrency holdings, paying yields in both VEMP and the original token staked. Alongside this, they are also the largest decentralized virtual real estate owner currently operating in the cryptocurrency industry. They also operate in the GameFi and NFT sectors and incubate new Metaverse, GameFi projects.

vEmpire's first mover advantage has enabled them to purchase assets and virtual real estate in prime locations on some of the largest and most used Metaverse platforms in the industry. This has led them to owning Metaverse assets at an entry price of roughly 90% below current market value. This means that if any protocol were to compete with them, they’ll have to pay significant premiums to compete with their portfolio of Metaverse assets. To this day they still have no like-for-like competition.

Motivation

Their motivation behind what they do is to protect decentralized technologies, like the Metaverse, from centralized entities that are attempting to gain significant control for personal benefit. They aim to do this while also making investment into the Metaverse and GameFi & NFTs easier, fairer and more equitable for the community. This will ensure that investment in the Metaverse is not entirely reserved for the wealthy, enabling the Metaverse to realise its full potential as digital extensions of the physical world.

Impact

vEmpire acts as a catalyst for growth in the Metaverse by enabling users to invest in protocols and virtual real estate that is financially out of reach for the average investor. By lowering the barrier to entry for investment in the Metaverse, they unlock pools of capital that would otherwise not be available. Their protocol has a trifecta effect, helping investors access investment opportunities that would otherwise be out of reach, helping spur growth and adoption in the Metaverse and helping keep it decentralized and in the community’s control.

To date, they've had over $55 Million worth of Metaverse tokens staked onto their platform, which has helped contribute to huge investment across the Metaverse, while also keeping it decentralized.

DDAO (Democratic Decentralized Autonomous Organization)

A decentralized autonomous organization is an organization that has no centralized leadership. They’re significant because they are effective and safe ways to collaborate with like-minded people around the globe.

vEmpire is redefining what DAOs are. Their new model for DAOs, Democratic DAOs or DDAOs for short, is a fairer system which rewards honour and loyalty in a more equal measure than sheer monetary contribution alone.

Whereas a normal DAO is measured by monetary amounts held in a wallet as a vote share, a DDAO is done as one vote per wallet above a certain amount. This means that whether you have ten thousand tokens or ten million tokens with a DDAO, your vote matters equally.

This is important as it’ll enable involvement from all community members, not just those with the most financial resources, which will help in keeping vEmpire in the control of the wider community and not just those with the biggest pockets.

As we progress to an era set to be dominated by decentralized technology, DDAOs that have increased equal community involvement will help in keeping decentralized technologies working in the best interests of the community.

The vEmpire DDAO provides a way for the community to metaphorically buy the Metaversal haystack rather than trying to find the lucrative needle. By being involved with the vEmpire protocol, users can have investment exposure to the Metaverse as a whole while also helping govern it to ensure that it remains decentralized and in the community's control.

Metaverse Token Staking

vEmpire is the world’s first protocol to enable Metaverse token staking. Their Metaverse DeFi aggregator enables the community to earn lucrative interest on their Metaverse holdings passively.

This means that as well as being exposed to assets with enormous potential for capital appreciation, investors can now earn interest in the hundreds-of-percent on their holdings while helping contribute to decentralized governance.

This is significant because it unlocks the potential to earn passive income on cryptocurrency holdings, which completely invalidates the argument that cryptocurrencies are unproductive assets.

Currently the vEmpire platform supports staking for six Metaverse-based cryptocurrencies; ETH, SAND, MANA, AXS, STARL and BNB.

Gaming & NFTs

vEmpire also operates in the NFT and GameFi sectors by developing play-to-earn games and a NFT series.

The NFT and Crypto Gaming industry are two of the most significant aspects of the Metaverse and they believe that soon they will become the most widely adopted use cases of the Metaverse too. It’s because of this that they’ve put such an emphasis on ensuring that vEmpire can provide the community with immersive gaming experiences while interacting with it's protocol so they can cater to wants and needs of the early adopters of Metaverse technology.

The first game, vEmpire “The Beginning” is a strategic trading card game that enables players to battle each other in exchange for better rewards in the DDAO. It provides interactive and immersive ways of engaging with other members in the community, while also enabling players with the best strategies to benefit financially.

As part of the “Founding Soldiers” NFTs utility, owning the corresponding NFTs to the cards in your hand while playing the game will boost the card’s strength in-game giving those who own official vEmpire NFTs a slight advantage in battle.

At the moment, the game currently doesn't support smart contract functionality. They are aiming for this to come early 2022. However, the game can still be played for fun and for practice when the final version that enables players to financially benefit gets released.

Guild

The Guild is made up of groups of scholars that play play-to-earn games with vEmpires GameFi & Metaverse assets to earn financial rewards for the DDAO.

Our Metaverse Scholarship program lowers the barrier to entry for players to earn financial rewards from P2E games, benefitting both the scholars themselves and also the vEmpire protocol.

Currently, vEmpire’s Guild consists of over four hundred scholars playing P2E games such as Axie Infinity, Influence & AAVEgotchi.

VEMP & xVEMP

VEMP

The vEmpire Gamer Token, known as VEMP, is the native token. It was originally launched on an Incubated Launch Offering by Unicrypt, and can now be bought on several different exchanges including Uniswap, Pancakeswap, Gate and Bittrex.

xVEMP

xVEMP is the Governance token and it provides access to make, and vote on, proposals within their own DDAO. Unlike regular DAOs, they do not base the weight of your vote on the size of your holding. Everyone who owns over 100,000 xVEMP carries the same voting power, whether they have 100,000 or 100,000,000. That way, they don't allow whales to control the direction of the protocol.

Holders of xVEMP also qualify for bonus rewards and NFT and other Metaverse asset giveaways.

How to Stake

First, go to the "Stake VEMP" page on the platform.

From here you will be presented with the Governance Staking page.

To begin the staking process, you must first Approve both VEMP and xVEMP. Each of these is a separate transaction, that you must complete in the Metamask window when it pops up.

After approving both tokens, you will be presented with the full staking UI.

To deposit your VEMP, enter the amount you want to stake, and click "Stake DDAO". Complete the transaction in Metamask to finish. This converts your VEMP into xVEMP, at the ratio shown by "Price per xVEMP". Don't be alarmed that the xVEMP balance is lower than your original VEMP balance.

VEMP doesn't accrue linearly, so you won't see a constant flow of rewards.

Instead, when vEmpire sends rewards to the staking contract, this increases the price of xVEMP vs VEMP.

Then when you withdraw your xVEMP, it converts back to VEMP and the updated "Price per xVEMP", which returns your original stake of VEMP, plus any and all rewards earned during the period you were staked.

Buying $VEMP from a decentralized exchange (DEX)

Before buying $VEMP from a DEX, make sure you are using a wallet and network that supports $VEMP tokens. The below example will be using the Ethereum Mainnet (network) and Metamask (wallet).

Currently, $VEMP is available on the following networks.

• Ethereum Mainnet (ERC)

• Binance Smart Chain (BSC)

• OEC (Formerly known as OKExChain)

• 
  

To download a Metamask wallet:

• Go to the Metamask website and click Download

• Follow the instructions and set up your Metamask wallet. It should now appear as a browser extension on your desktop or as an app on your mobile device.

To add $VEMP support on your Metamask wallet:

• On your Metamask wallet under Assets, click "Import Tokens".

• Click on Custom Token and paste "0xcFEB09C3c5F0f78aD72166D55f9e6E9A60e96eEC" under Token Contract Address, "VEMP" under Token Symbol and "18" under Token Decimal.

• Click Next.

• Click Add Token.

Great! You are ready to buy VEMP tokens. There are many different decentralized exchanges that support VEMP. For a full breakdown of all VEMP markets, check out the market section on our CoinMarketCap page. They recommend using Uniswap to purchase $VEMP on the Ethereum network.

Initial Lock Period

With each Metaverse token staking strategy, there is an initial lock period of 6 to 12 months. This is necessary to build a mature and liquid investment portfolio for their stakers.

Once the lock period is over, the strategy is profitable and liquidity is added, tokens from said strategy will never have locking requirements again.

Locking requirements are only for the launch of new pools where a 6-12 month lock period is necessary to build up assets.

Rewards

The primary and first-to-be-released rewards for staking are paid out in VEMP. Once the Metaverse tokens rewards are released, the VEMP rewards are marginally reduced.

At this point, the primary and secondary yields are both active, which means that users are receiving both VEMP & rewards in the token originally staked.

This unique dual yield structure enables investors to earn interest on their favourite Metaverse cryptocurrency holdings and also receive VEMP, which provides multiple benefits for Metaverse investors.

Compounding Rewards & VEMP Benefits

To compound their financial rewards, users are required to stake their primary VEMP yield.

By staking VEMP in the DDAO, users will not only receive enhanced financial rewards but they'll also receive voting rights and qualify for giveaways & prizes.

What is Ethereum & ETH?

Ethereum is the world's first smart contract platform and it remains the most popular today. What gives Ethereum it’s biggest advantage is that it was the first smart contract platform in the market, which gives it a first mover advantage. This has led to Ethereum becoming the smart contract platform with the biggest user base, the biggest selection of applications, the largest selection of developers and one of the most used blockchains in terms of transaction volume. On top of this, the Ethereum ecosystem has the richest and widest range of tokenized assets, which means that the potential to monetize digital assets is immense.

Why stake ETH?

At the moment, staking natively on Ethereum 2.0 has very high barriers to entry. This means that natively earning financial rewards on ETH holdings is out of reach for most investors. Staking ETH on the vEmpire staking platform allows users to earn returns on their ETH holdings passively, without having to undertake any additional tasks and with very low barriers to entry. This enables users to be exposed to Ethereum assets that they otherwise wouldn’t be able to own and earn financial rewards on their long-term Ethereum holdings in a simple, secure and efficient way.

How does vEmpire utilize staked ETH?

When a user stakes ETH in the vEmpire Ethereum staking pool, they use the funds to purchase high value NFTs, and other Ethereum based assets with high potential, that the majority of ETH holders will typically be priced out of. Raising ETH also enables them to access and participate in other metaverse token sales that don’t already have strategies.

What are the benefits of staking on the vEmpire platform?

Staking on the vEmpire platform gives ETH holders the opportunity to be exposed to Ethereum based assets that they otherwise wouldn’t have access to. This means that users can use the ETH staking strategy to earn financial returns on their ETH holdings and benefit from exposure to assets that were previously out of reach. Essentially, if an investor is bullish on the long-term potential of the Ethereum ecosystem and Ethereum based assets, but they’re priced out of owning these assets, they can use the vEmpire staking strategy to gain fractional exposure.

On top of the financial incentives of staking, users are also supporting the vEmpire mission to stand up against centralisation in decentralised projects, so that we can keep dApps, DAOs and other decentralised technology in the power of the communities and free from the control of centralised entities.