Value Creation
As is known to all, one of the business objectives of commercial entities is to obtain profits while creating value for shareholders.
In a traditional business model, the equity transactions of a non-listed company are very tedious. The company founder is not only responsible for business growth, but also financing and investor relations. This in turn is extremely demanding of the founder and his team.
So we thought, could there be a fair and open system that would largely simplify these problems in order to greatly improve the efficiency of capital operations and increase business vitality?
Well there is!
We believe that Defi has already made the realization of this plan feasible.
Uniswap is ushering in a new era of development in business transactions, therefore we will provide new solutions based on Defi for equity investment and business stimulation.
Therefore, we hereby introduce the Equity Settlement Protocol, with the objective of significantly improving the flow efficiency of block chain assets, as well as stimulating blockchain business development.
Innovative Ideas
Free Equity Transaction + Service activation = Equity Settlement Protocol
ESP model: Users can receive ESP Tokens by participating in certain business and can obtain mining benefits by using ESP Tokens to provide liquidity. ESP Tokens are also freely tradable. Shareholders who invest in the business will receive a positive return on equity, and can at any time reduce their equity profit. In the first experimental stage of the ESP model, we will adopt the ESP Pool+Gold miner game business model.
ESP Token: Equity Settlement Protocol Token, the ESP token represents proof of equity as well as the right to community governance; The ESP token can be redeemed in the ESP Pool main contract at any time;
Stock Pool: equity pool and investors can invest in stablecoins (DAI or other stablecoins) to obtain the corresponding stock shares,, and can redeem it at any point according to earnings.
ESP unlimited repurchase mechanism
All profits of the shareholders will be based on the ESP unlimited repurchase mechanism, they can purchase ESP from the secondary market with the profits at any time. Meanwhile, the shareholder’s income is converted into ESP token.
Gold Miner: In order to verify the feasibility of this entire program, we have launched a simple and interesting Gold Miner game. This game represents the simplest and most efficient business model that will be used to verify the effect changes in the business income of an investor’s investment in a commercial entity will have on the equity price.
While users are enjoying the game, they will also receive ESP Token
Mining Token: After users obtain an ESP Token in the Gold Miner game, they can then provide liquidity and through it obtain a Mining Token to gain mining income. We will establish a ESP-DAI liquidity pool on Uniswap and encourage community members to actively participate in providing liquidity. Users that provide liquidity will receive the ESP-DAI UNI-V2 LP TOKEN, a mining acceleration token. Holding this token and mortgaging it on the platform earns mining proceeds
ESP Token Supply and Release Rules
ESP Token Supply: As the release of ESP Token is based on its contribution to actual business, the supply ceiling of ESP Token will not be set in the first stage of this project, and adjustments to the total supply will be considered at a later stage according to the requirements of community autonomy and project progress.
Release Rules: Our Release rules are based on the actual release rules of the current Gold Miner game business.
Income distribution
The long-term income distribution of this project shall be conducted according to the following rules:
1) Earnings on the shareholders side: 45% of project earnings
2) Revenue on the business side: 50% of the project revenue, obtained through LP Token mortgage;
3) Team revenue: 5% of the project revenue
Business Development and Security
In order to ensure continued business development, we will use 5% of the long-term project revenue to drive project development and to conduct security audits. All related information can be found on our official Twitter page.
Special Thanks
In order to thank FAIR Token’s early users and holders, certain aspects of the ESP model will only be accessible to FAIR Token holders.
Community and governance
During initial stages, the ESP model operations will be maintained by our official team. Once ESP operations are deemed stable, community governance will begin, in which users that hold an ESP Token may participate in governance.
