Empire Prime Time: Ethereum and What Lies Ahead
An exciting new chapter for Empire as we move to Ethereum and look towards the future.
April is more than halfway through. We can't believe how quickly this month is flying by, but there's no time to waste as we have another thrilling edition of Empire Prime Times for you! In this week's issue, we'll be keeping you up to speed with the latest happenings in the industry, as well as giving you a glimpse into the exciting developments we have in store for our beloved Empire. So sit tight, and get ready to be blown away by what's coming your way!
Food for Thought ??
As we move through the month of April, some of us may be left wondering, where has the time gone? Are the days getting shorter or are we just getting busier? Time is one of the most precious resources we have, and it's up to us to make the most of it. So let's take a moment to reflect on how we can use our time wisely and make every day count. After all, time waits for no one.
Quote of the week ??
“The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt
?? Have you claimed your new tokens yet?
ICYMI (in case you missed it), we recently migrated to a new and improved contract, and we couldn't be more excited about it! With our recent migration to the Ethereum network, we're now able to offer our community even more opportunities to explore the world of DeFi as well as give more meaningful use cases to our token. We can't wait to see what the future holds for Empire!
With this migration comes the distribution of our new Empire Token, and we want to make sure all of our holders have claimed theirs. So if you haven't already, hop on over to our platform and claim your shiny new tokens!
To claim, go to empiremigration.com. For a tutorial on how to claim, please access our blog. If you have any questions, feel free to reach out to us through our official Telegram group. Please be aware of scammers posing as Empire Token or its representatives and/or team members. No one from Empire Token will reach out to you first. Always be vigilant and don’t provide confidential information to anyone you don’t trust and avoid clicking any suspicious links and/or files. Stay SAFU!
Exchanges Update ??
We're thrilled to announce that LBank and MEXC have successfully migrated to our new contract! Deposits and withdrawals of EMPIRE are now open on both exchanges. We want to give a huge shoutout to our amazing community for your patience and support during this process.
Meanwhile, Gate.io and WhiteBIT are still in the process of migrating to the new contract, but we're working closely with them to ensure a smooth transition. As for BitMart, XT.COM, and Cointiger, we're in talks with them and negotiating the best way to move forward. We know many of you are eager to trade again on these platforms, and we promise to keep you updated as soon as we have more information.
In the meantime, don't forget to follow us on social media and join our Telegram news channel for the latest updates and news. We couldn't have made it this far without our incredible community, and we're excited to continue this journey with you on Ethereum!
Private Sale Update ??
As you may recall, a few months ago, we opened up the private sale to help fund our project. Although we didn’t reach our target, we’re still blown away by the support we've received from our community. Rest assured that your contributions have helped us achieve significant progress towards our goals.
Now, as the price of the token has moved around a bit since the start of the private sale, we've been hard at work figuring out the best way to move forward. We appreciate your patience as we finalize all the details, and we can't wait to share more with you.
Our team will be communicating with all participants soon the final distribution details. But if you're in a rush to sell your tokens, don't worry! You can always reach out to us, and we'll do our best to assist you.
We can't express enough how grateful we are for your support and trust in our project. We're working tirelessly to ensure that your investment in Empire Token is worth it. As always, we will keep you updated every step of the way. Thank you, and let's keep building together!
Fun Fact: Monday Blues ??
What lies ahead for Empire? ??
Exciting things, that's for sure! Now that we have successfully migrated to Ethereum, we are more excited than ever about what lies ahead for Empire.
As you may know, we’ve been working on a brand new design for DeFiGram.io that's going to blow your mind away. From a sleek and sophisticated new website to a fresh new look for the app. The new design will be dope and sophisticated af, with a sleek and modern look that we know our community will love.
Here's an exciting sneak peek of our brand new website! The launch is just around the corner, and we can hardly wait to share it with our amazing community. Keep your eyes peeled for the big reveal!
Social media marketing
Despite some hurdles and disputes with our past developers, we are moving forward steadily with our new team, and we couldn't be more excited about the progress we've made so far. As we continue to make progress with the development of DeFiGram.io, we're also ramping up our marketing efforts to help promote the app and attract new users. We're currently planning a small but targeted campaign that will be focused on the upcoming launch of DeFiGram.io.
In order to make the most of this campaign, we'll be leveraging the latest AI technologies to create personalized and engaging content for our audience. We're always on the lookout for creative ways to engage our community, and we're excited to see how this will take our marketing efforts to the next level and connect us with even more crypto enthusiasts.
We're also expanding our reach to younger audiences with a presence on TikTok. We know that engaging with the next generation of crypto enthusiasts is critical to the success of our platform, and we're eager to see how this initiative will help us reach new users.
Stay tuned for more updates on our marketing efforts, and as always, feel free to share your thoughts and ideas with us. Together, we can build a thriving community and a better future for Empire!
2023 State of Crypto: A Look at the Current Landscape ??
As the cryptocurrency market continues to evolve, it has experienced its fair share of ups and downs. In recent years, the market has been on a rollercoaster ride, with a significant boom in 2021 followed by a sharp decline that has come to be known as the "crypto winter." This period of market correction has left many investors wondering about the future of digital currencies and the blockchain technology that underpins them.?
a16z crypto, a venture capital firm investing in crypto and web3 startups, recently released a report titled "2023 State of Crypto." The goal of the report is to provide a balanced and accurate assessment of the current state of the crypto industry, highlighting the progress being made in the development of web3 technology and infrastructure improvements.
The report provides a refreshing perspective by focusing on the positive trends and ongoing innovation in the crypto industry, rather than just the price fluctuations and negative events that the media tends to highlight. It presents a more comprehensive view of the industry and reveals that it is healthier than what market prices may suggest.
The report comprehensively analyzed various aspects of the rapidly evolving crypto industry, ranging from its progress, setbacks, market cycles, regulation, and opportunity. Through extensive data collection and analysis, a16z crypto has distilled its findings into 7 key takeaways.
Some key takeaways:
1. Blockchains have more active users and ways to engage
The number of active addresses on blockchains hit an all-time high of 15 million last month, doubling over the last two years. This increase can be attributed to a growing variety of apps and services, such as on-chain games, that offer people new ways to engage with blockchains.
2. DeFi and NFT activity appear to be rising again
After a frenetic speculative period and subsequent cooldown, more people seem to be buying NFTs in recent months. This is particularly exciting news for Empire as we are currently in the process of revamping our NFT marketplace and can benefit from this rising trend.
On decentralized exchanges, more than $100 billion were traded last month, marking the third consecutive month of positive growth in trading volume. This increase in activity can be attributed to promising new uses and applications that are emerging in the DeFi and NFT spaces.
3. The number of active developers in the crypto industry has held steady
Despite the volatility of the crypto market, almost 30,000 developers contributed to, or built on, crypto projects last month. This number has steadily increased over the last three years, indicating a sustained interest in the industry.
4. Blockchains are scaling through promising new paths
There is a proliferation of protocols and projects that are working to scale blockchains, facilitating more transactions using a number of different approaches and technologies. Last fall marked one of the most significant moments in open source development history with Ethereum's transition from "proof-of-work" to "proof-of-stake" consensus mechanism.
Dubbed "The Merge," this architectural shift dramatically reduced Ethereum's energy consumption. In fact, Ethereum's energy footprint is now only 0.001% of what YouTube consumes annually. To put it into perspective, YouTube consumes approximately 94,000 times more energy per year than Ethereum. This progress in energy efficiency is a significant achievement for the crypto industry and the environment.
5. New technologies are becoming very real
In the past year, the blockchain industry has witnessed remarkable progress in the development of "zero knowledge" systems, a powerful foundational technology that unlocks blockchain scalability and offers a plethora of new use cases, including privacy-preserving applications and verifiable computing that could enable decentralized machine learning/AI. We’re seeing decades-in-the-making work, once considered impossible, finally come to fusion.?
6. The U.S. is losing its lead in web3
Between 2018 and 2022, the proportion of crypto developers based in the U.S. versus the rest of the world fell by 26%. To encourage crypto builders to innovate and grow these technologies safely in the U.S., thoughtful regulation is needed.
7. Zooming out shows progress across key indicators
Market cap, developer activity, and funding activity have all increased steadily over the last decade. Stepping back from short-term volatility reveals a more predictable pattern–a price-innovation cycle where price swings propel new ideas forward.
“Great products get built regardless of financial upswings and downswings.”
This data highlights the importance of taking a long-term view in the world of crypto. While short-term price swings can be discouraging, the overall trend shows a consistent growth in key indicators such as market cap, developer activity, and funding activity. As Empire Token continues to innovate and develop projects like DeFiGram.io, it's important to keep the bigger picture in mind and not be overly concerned with day-to-day fluctuations. By focusing on creating great products and contributing to the growth of the industry, Empire Token is well-positioned to benefit from the price-innovation cycle in the years to come.
If you want to dive deeper, you can access the 2023 State of Crypto report here. The report is filled with valuable insights and data that can help you better understand the current state and future trends of the crypto industry. This comprehensive report is a must-read for investors, entrepreneurs, and anyone interested in the future of finance and technology.
Which type of crypto trader are you? ??
That’s All for the Week ??
That's a wrap for this week's edition of Empire Prime Times! We hope you've enjoyed learning about the latest developments in the crypto world, as well as the exciting things happening at Empire. As we conclude this newsletter, we’d also like to thank you for being a part of our community. Always remember, whether you're a HODLer, a day trader, or just getting started in the crypto world, there's a place for you here at Empire.
Don't forget to follow us on social media for more updates and join our Telegram group to connect with other members of our community. We can't wait to see what the future holds for Empire and the entire crypto ecosystem, and we're thrilled to have you on this journey with us. Stay tuned for more exciting updates and as always, keep climbing!