vEmpire - The frontline in the fight against centralisation

By Ishaan Goyal | CrypticWeirdos | 30 Sep 2021


The vEmpire DDAO is a new and improved DAO system that awards honour and devotion to the DDAO in addition to monetary contributions, the vEmpire DDAO. The Empire's purpose of bringing attention to the centralisation of supposedly decentralised initiatives and restoring power to the communities where the projects' founders, donors, and whales have not and will not relinquish authority.

As the Empire advances, it reminds these enterprises that token owners and stakeholders have equal importance. Furthermore, when left unchecked, decentralisation's lack of oversight can and has led to monopolies. This is especially true when few high token wallets control voting rights, coins, and NFTs.

It will be the Empire's metaverse and metaverse programmes that first come under attack. This is where we will build our foundation and begin the process of eradicating centralisation from the distributed universe we live in today.

VEMP is integral to the protocol, which is a native token for Empire. It is a currency used to reward trading card battle winners, liquidity providers, DDAO, and stakers. MANA is being used in decentraland for content. After the successful launch of V2, the purchase of lands and estates will be monetised. It will be rebuilt in the aesthethiques of the Empire. The first parcels of land are likely to include:

  • NFT art gallery for purchasing of trade cards and VEmpire wearables
  • Gladiator gambling and NFTs, along with Colosseum
  • Charioteer NFTs with a racing track
  • Bedsit and army barracks. VEMP is dropped into the wallet until Decentraland accepts VEMP.
  • Governance token (Xvemp)

x-VEMP will help the VEMP holders to earn rewards and voting rights in DDAO. It gives them control of the Empire's invasion, expansion, and conquest. Monetised lands are later gifted to DDAO as profits from battles. It will raise the value of x-VEMP, and rewards are harvested upon unstacking from DDAO. 

Battle Token (xs-VEMP)

x-VEMP is allocated into pools for soldiers to train and fight battles. It will effectively burn a percentage of tokens and reward them the battle winners. People can take as much risk as they please as the pools will differ in percentage burns.

Empire invasion of Decentraland

Here we will discuss that why a decentraland is necessary and do they have a DAO. The main aim behind this is to remind the decentraland entities across the blockchain universe of commitment. We think there should be a large group of people aside from DAO. They should be tasked with preventing and handling security issues on Land and estate contracts. This group of people will be called a Security advisory board and will effectively act as guarantors of contract security. They are tasked with the job of providing a swift response to bug reports.

This announcement was based on a response to tech security. Council has now evolved into overseeing all the proposals to decide what is and what isn't. Empire which that security council should return to its previous purpose. The primary purpose is to give Decentraland back its namesake and to assure the security council that they have just good intentions and will cause no harm. It would be an honourable quest. Empire is against the outside centralised entities leasing their land parcels. There should be equity and harmony among businesses and consumers in Decentraland.

v-Empire DDAO will continuously purchase the land in Decentraland until v-Empire has a solid and overwhelming presence. It will give a substantial yield which will help to capture the majority of the market. It can be achievable by only directing emissions to the MANA pool initially on the platform. There could be MANA and metaverse staking to capture the majority of the market. APY currency offered is 2% which is the highest APY.

Democratised decentralised autonomous organisation

Standard DAOs voting power is decided by the number of governance tokens in the wallet. Voting is hold rather than a democratic value. Empire's soldiers have the same rights as Empire's officers and generals. All wallets, in this case, will have one vote holding over one thousand dollars. All votes will be reviewed for suspicious activity to prevent Sybil Attacks.

Loyalty comes with promotions, and promotions are associated with rewards. The Empire rewards loyalty above all. As this all procedure is DDAO instead of DAO, the reward is given based on time spent staked and not amount staked. This is open to abuse by bots, and a minimum amount of x-VEMP is needed to qualify for ranks. There are no ranges above all this, and you can still earn promotions by smaller wallets. 

Consistent APY growth

The Empire compounds APY within its strategies and is unique in that. The strategies are also designed to naturally compound yield other than the staking yield from one pool into another themselves. More land can be purchased by reinvesting profits. Land monetised will grow the APY in order to increase user's strategy. It will not have a detrimental effect on the yield of pools.

MANA onto the platform

Initial conquest of Empire remains metaverse and is destined for Decntraland. This strategy rewards honour and loyalty by providing early stakers in both VEMP and MANA.

MANA staked is locked in the strategy while the contributors to this strategy are rewarded forever. Initial yield will be purely a VEMP incentivised by the emissions schedule. LAND is purchased continually and monetised using stakers MANA and will be paid for a set number of years. Once land starts providing income, strategy yields both VEMP and MANA until the full supply of VEMP is circulating.

Emissions schedule stops providing a yield to this strategy. But, by this time, LAND purchased will be vast and is sufficiently monetised. The strategy will remain an attractive place for soldiers to stake their MANA.

LAND leasing and maintenance of DADO

VEMP staked onto the platform as well as MANA too. x-VEMP acts as collateral to borrow from AAVE and others to stake tokens into off-platform strategies. They will pay higher yields than APY paid on the fund borrowed. Profit gained will be paid back to DDAO and x-VEMP stakers. DDAO also decides if a percentage will be converted to MANA to buy additional land for the Empire.

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