EmitPrice

(EMIT)

EMIT addresses critical challenges hindering Layer1 blockchain scalability for Web3, including performance bottlenecks, complexity of scaling technologies like sharding, inefficient smart contract resource utilization, and limitations for complex applications. It seeks to build a native decentralized crypto world, "EMIT World," that mirrors real-world economic structures to foster new wealth creation. EMIT posits that existing public blockchains are often "semi-finished products," and blockchain is uniquely essential to achieve its vision of a fully decentralized and self-sustaining "Decentralized World Economy (DeWe)."

EMIT defines itself as a comprehensive system encompassing decentralized technology (blockchain), a decentralized world (DW), and a decentralized world economy (DeWe). Its core, EMIT Core, is a decentralized blockchain protocol utilizing an improved Block-lattice, or lattice sharding ledger, where each account operates as an independent blockchain. This distinct infrastructure enables complex economic structures and asset management by integrating fungible tokens, non-fungible tokens, decentralized finance, Proof-of-Work, and Proof-of-Stake within its EMIT-Epoch ecological cluster, facilitating true peer-to-peer interactions without intermediaries, unlike centralized Web2 applications.

The EMIT project is structured around three core decentralized systems: EMIT-Core, EMIT-Epoch, and EMIT-GDP. EMIT-Core represents the foundational decentralized blockchain protocol, providing a scalable and immutable infrastructure. EMIT-Epoch acts as an extensive ecological cluster, integrating fungible tokens, non-fungible tokens, decentralized finance, Proof-of-Work, and Proof-of-Stake to foster a dynamic economic environment and an endogenous economic cycle. EMIT-GDP, a core application within EPOCH, serves as a decentralized financial market, facilitating trading and auctioning of diverse assets.

The '$LIGHT' token serves as the core token for the initial phase of the EMIT-Epoch ecosystem. Holders of '$LIGHT' gain the ability to actively participate in various Phase 1 EMIT-Epoch activities, including designated systems like Altar and Chaos. More broadly, EMIT tokens function as governance tokens within the ecosystem, granting staking participants voting power to influence key protocol parameters. This includes decisions regarding future token emissions, thereby enabling community-driven governance for the evolving "Decentralized World Economy (DeWe)."

EMIT facilitates interoperability through its cross-chain technology, allowing assets from other public blockchain systems like Ethereum, BNB Smart Chain, and Tron to circulate within EMIT-Core. This is achieved via a dedicated "Cross" functionality, which bridges fungible and non-fungible tokens into the EMIT ecosystem. This design enables EMIT-Epoch ecosystem scenarios to extend and be distributed across multiple different chains, fostering a broader, interconnected decentralized environment.

EMIT tokens can be staked, providing holders with voting power and earning rewards within the ecosystem. The amount of rewards is influenced by the size of the stake, an active multiplier, and the total quantity of EMIT tokens staked across the network. Stakers have the option to choose specific lock durations for their tokens; longer lock periods result in higher multipliers, but consequently render the staked funds illiquid until the chosen period expires. Conversely, unlocked stakes generally require a cooldown period before withdrawal. Rewards are typically distributed on a per-block or per-epoch basis.