Introducing EMF: Empowering ENQ as Reserves
EMF (ENQ Mining Farm) is an innovative initiative that harnesses the power of ENQ (Enecuum) as its reserve currency. EMF utilizes ENQ as a strong foundation to drive its operations and empower its mission, creating a mutually beneficial relationship between EMF and ENQ.
ENQ's inherent value and potential serve as the cornerstone of EMF's operations. By utilizing ENQ as reserves, EMF ensures stability, security, and growth in its endeavors. This strategic approach enhances the credibility and strength of EMF, positioning it as a trusted entity within the cryptocurrency landscape.
ENQ, on the other hand, empowers EMF by providing a robust and reliable reserve currency. As EMF utilizes ENQ as its foundation, ENQ gains recognition and increased liquidity within the market. This symbiotic relationship between EMF and ENQ unlocks opportunities for both entities to thrive and make a significant impact in the cryptocurrency realm.
Investing in EMF fueled by ENQ as reserves offers unique advantages. The stability and potential of ENQ as a reserve currency provide a solid foundation for EMF's operations, reducing risks and enhancing the investment experience. As ENQ's value and adoption grow, the strength and potential of EMF as a whole increase.
EMF's commitment to ENQ and its utilization as a reserve currency showcases the belief in the transformative power of blockchain technology. By employing ENQ as reserves, EMF contributes to the broader adoption and acceptance of cryptocurrencies, driving the industry towards a decentralized and interconnected future.
Join the visionary investors who recognize the significance of ENQ as EMF's reserve currency. Together, let us embark on this exciting journey, where the power of ENQ empowers EMF, and the limitless potential of blockchain unfolds before our eyes.
- 100% of earned POA rewards will be issued as EMF tokens, allocated to the Space Drop, Harvest farms and Farm Drop initiatives.
- To optimize mining rewards, liquidity addition to the ENEX.Space pool will be discontinued.
- Holders are encouraged to add liquidity to the fund for alternative earning opportunities.
Buyback:
- Seamless processes for EMF holders! Sell back directly to the team at a 1:1 exchange rate.
- A dedicated buyback wallet will be created for a smooth experience.
- Note: For every received EMF token, an equivalent amount of ENQ will be returned to the sender's wallet.
Burning EMF:
- Ensuring stability, EMF tokens below 1 ENQ value will be purchased from Enex.Space.
- Redeemed EMF tokens, including those through the buyback wallet, will be permanently burned for token integrity.
Space Drop, Harvest Farm, and Farm Drops Start and Runtime:
- Staking rewards split 2:1 for Space Drops (EMF) and Harvest Farms (LP-tokens).
- Accessible through Enex.space and the Enecuum web wallet's drop farm tab.
- Initiatives begin on the first day of each month, with a runtime goal of 26-28 days.
- Current rewards: 0.01 EMF per block or an average of 57.60 EMF tokens per day.
- If rewards exceed 28 days, per-block rewards will increase to ensure completion within 26-28 days, maintaining a minimum of 0.01 EMF per block.
Why?
- Addressing price fluctuations and mitigating pump-and-dump scenarios to protect the interests of valued holders.
- Creating an environment that empowers stakeholders to actively participate in the project and reduces price concerns.
- Allocating ENQ to mining wallets instead of locking it in Enex.Space for added rewards and benefits.
These enhancements signify a significant leap forward, fostering stability, protection, and increased engagement. Exciting times lie ahead!
Telegram group https://t.me/Enecuum_Mining_Farm
You can purchase EMF tokens directly from ENEX.Space or from the team itself. To buy directly from the team, all you need is ENQ and access to the Enecuum web wallet (www.wallet.enecuum.com) as well as Telegram. Contact the team via Telegram at @EMFtoken.
1. Adding Liquidity: By adding liquidity to the EMF token's liquidity pool, you can earn both ENQ and EMF tokens. This process involves contributing funds to the pool, and in return, you earn a percentage of the swap fees generated by the pool.
2. Harvest Farms: Staking LP (Liquidity Provider) tokens in Harvest Farms allows you to earn EMF tokens through yield farming. By participating in this program, you can receive rewards in EMF tokens based on your staked LP tokens.
3. Space Drops: Staking EMF tokens in Space Drops provides an opportunity to earn additional EMF tokens as rewards. These drops are designed to incentivize token holders, and the rewards are based on the amount of EMF tokens you stake.
4. Wallet.enecuum.com: Utilize the Enecuum Web wallet to stake LP tokens or EMF tokens in Drop Farms, which allows you to earn extra rewards in EMF tokens. By participating in these farms, you can increase your EMF token holdings.
By staking EMF tokens, you will receive EMF as rewards. These EMF tokens can be traded or added to the liquidity pool on ENEX.Space. Additionally, you have the option to send EMF tokens directly to the sell wallet and exchange them for an equivalent amount of ENQ tokens.
All Space Drops, Harvest Farms, and Farm Drops commence on the first day of each month. In the rare event that the current Space Drop, Harvest Farm, or Drop Farm extends into the following month, the new cycle will begin as soon as the previous one concludes. This ensures a regular schedule for these events.
On the first day of every month, we will mint 100% of the ENQ Proof of activity (POA) rewards earned from the previous month. These EMF tokens will be distributed in Space Drops, Harvest Farms, and Drop Farms.
Any EMF tokens that are returned to the EMF wallet, including those from buybacks or exchanged for ENQ, will be burned.
The team has invested all of their holdings into EMF tokens upfront. No team members were rewarded with EMF tokens prior to listing. Like everyone else, team members will purchase EMF tokens from ENEX Space or through over-the-counter (OTC) channels.
100% of the minted tokens will be distributed through space drops and harvest farms. Minted tokens are split 2:1, with the majority of EMF tokens allocated to space drops. Please note that both space drops and harvest farms are labeled as Drop farms in the Enecuum web wallet.
Under the updated tokenomics, when sending EMF tokens via the Enecuum network to a different wallet, there will be a fixed fee of 10 ENQ. This fee has been intentionally set at a higher rate to encourage users to utilize alternative options such as ENEX.Space or web wallet drop farms for staking activities. It's important to note that the 10 ENQ fee will be directly exchanged with the main wallet processing fee, ensuring a seamless and efficient user experience.
No, EMF fees do not affect ENEX.Space fees. The fees associated with EMF tokens and the fees for using ENEX.Space are separate and independent.
Our current focus is to transition ENQ away from centralized exchanges (CEXs) and encourage its utilization within wallets or Enex.space. In the future, we plan to establish our own Proof-of-Stake (PoS) node or establish a strategic partnership with an existing active node. Additionally, we are exploring the possibility of incorporating a proof-of-work (PoW) miner once it becomes available on the network. Furthermore, we aim to diversify our offerings by including other successful tokens on the ENQ platform, alongside ENX. We are also actively investigating alternative methods of generating earnings to pass on to our valued token holders.
Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies, stocks, bonds or other “traditional asset classes.”
Trading (buying/ selling) in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks and risk of losing principal or all of your investment. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. Cryptocurrency trading requires knowledge of cryptocurrency markets. In attempting to profit through cryptocurrency trading, you must compete with traders worldwide. You should have appropriate knowledge and experience before engaging in substantial cryptocurrency trading.
Cryptocurrency trading may not generally be appropriate, particularly with funds drawn from retirement savings, student loans, mortgages, emergency funds, or funds set aside for other purposes. Cryptocurrency trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a particular cryptocurrency suddenly drops, or if trading is halted due to recent news events, unusual trading activity, or changes in the underlying cryptocurrency system. Several federal agencies have also published advisory documents surrounding the risks of virtual currency. For more information see, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.
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