Inactive
esd Empty Set Dollar
$ 0.0006121
0.33%
0.07262 BTC
0.41%
2 satoshies
Market Cap
72,283.797 $
24 Hour Trading Vol
5.4 $
Circulating Supply
118,08 MLN.
Total Supply
118,08 MLN.
Max Supply
118,08 MLN.
Fully Diluted Valuation
72,283 $
Coin Information
This coin is no longer being updated and is inactive. Its information may be updated in the future, but it is not currently active.
Last updated 01 June, 2023
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Empty Set Dollar Price Statistics
0.0006121 $
0.0006082 $ / 0.0006214 $
5.4 $
#20912
72,283.797 $
23.88 $
-99.99%
0.0005729 $
13.67%
Empty Set Dollar Top Markets
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Exchange
Pair
Trust Score
About Coin
Empty Set Dollar (ESD) is a decentralised stablecoin that uses an algorithmic approach to maintain price stability around $1 target by relying on a seigniorage model.
ESD has some unique features:
i. Decentralised: ESD has an entirely decentralized on-chain governance. Any changes or upgrades to the protocol need to be voted on by the community of token holders.
ii. Composable: Its protocol is centred around an ERC-20 token: ESD. This enables it to work across the DeFi ecosystem and act as the governance token for the protocol.
iii. Self-Stabilising: Utilization of an on-chain price oracle (Uniswap V2)
iv. Opt-in Supply Adjustments: ESD supply expansions and contractions are incentivised and voluntary
How does ESD work?
ESD’s price mechanism uses a seigniorage model. This means, if the market demands more ESD i.e. when ESD goes above $1, more ESD coins will be minted to meet that demand and bring the price back down to $1. That extra minted money supply is then distributed to the coupon holders first before the ESD holders that chose to lock their ESD.
If market demand is lagging behind supply, ESD may fall below $1. So a supply contraction is needed to spur price. During this contractionary phase, a coupon redemption system comes into play, where users may purchase these coupons with ESD coins in exchange for a premium (i.e. receive more ESD coins) only when the ESD price goes back to $1. Basically, users agree to burn their ESD in exchange for coupons redeemable later on - reducing ESD’s supply until price goes back up to $1. However, coupons have to be redeemed within 90 epochs (30 days), which carries significant risk if the price of ESD does not go back to $1 as coupons will be rendered obsolete after 90 epochs without redemption.
This protocol relies on a ‘voluntary system’ that is very much depended on by its incentive mechanism. This poses a risk to the currency in the event that users decide to ignore the coupon incentives and no longer participate in the system, the protocol’s ability to maintain its peg at $1 will be directly hampered.
Note that the price of ESD as of January 2021 is $0.285, which is more than 70% down from its supposed peg. This may indicate that the coupon and incentive mechanisms ESD is based on may be waning in effect.
Where is Empty Set Dollar available for purchase?
You can exchange ESD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Empty Set Dollar is Uniswap (v2), notably the ESD/USDC pair, which saw a trading volume of $ 0 in the past day.
What is the highest value Empty Set Dollar (ESD) has ever reached?
Empty Set Dollar (ESD) reached its peak price at 23.88 $ on 06 November 2025, approximately a few seconds ago ago. Presently, the current price is -99.99% lower than this all-time high.
What is the historical minimum price for Empty Set Dollar (ESD)?
The minimum price reached for Empty Set Dollar (ESD) was 0.0005729 $, documented on 06 November 2025, more than a few seconds ago. In comparison, the current price is 6.83%, it above this historical low.
What is the fully diluted valuation of Empty Set Dollar (ESD)?
The fully diluted valuation (FDV) of Empty Set Dollar (ESD) stands at $ 72,283. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 118,085,696 ESD tokens. The realization of this FDV might take several years depending on the emission schedule of ESD tokens.
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