How To Buy vEmpire DDAO (VEMP)?

A common question you often see on social media from crypto beginners is “Where can I buy vEmpire DDAO?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports vEmpire DDAO (VEMP)

First, you will need to open an account on a cryptocurrency exchange that supports vEmpire DDAO (VEMP).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase vEmpire DDAO (VEMP) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy vEmpire DDAO (VEMP)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for vEmpire DDAO (VEMP) or vEmpire DDAO (VEMP) trading pairs. Look for the section that will allow you to buy vEmpire DDAO (VEMP), and enter the amount of the cryptocurrency that you want to spend for vEmpire DDAO (VEMP) or the amount of fiat currency that you want to spend towards buying vEmpire DDAO (VEMP). The exchange will then calculate the equivalent amount of vEmpire DDAO (VEMP) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of vEmpire DDAO (VEMP) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy vEmpire DDAO (VEMP)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is vEmpire DDAO (VEMP)?

vEmpire is a Decentralized Metaverse investment organization, featuring industry leading staking pools, play-to-earn games, events organization and a P2E and GameFi focused incubator.

They are the first application that enables investors to earn interest on their Metaverse cryptocurrency holdings, paying yields in both VEMP and the original staked token.

On top of this, they’re the largest decentralized virtual real estate owner within the cryptocurrency industry, and their alleged first mover advantage has enabled them to purchase assets and virtual real estate in prime locations on some of the largest and most used Metaverse platforms in the industry.

You can check out their 2021 Q4 Financial Report to find out more about their investments and asset performance here.

What is the vEmpire DDAO?

The DDAO is a more democratic version of a decentralized autonomous organization. When an investor holds, and stakes, the native token VEMP, they will receive xVEMP which will represent their share in the DDAO. This new model for DAOs claims to be a fairer system which rewards honor and loyalty in a more equal measure than sheer monetary contribution alone.

Whereas a normal DAO is measured by monetary amounts held in a wallet as a vote share, a DDAO is done as one vote per wallet above a certain amount. This means that whether you have ten thousand tokens or ten million tokens, your vote matters equally.

Belonging to the vEmpire DDAO provides a way for the community to collectively access investment opportunities that would be out of reach for the average investor individually. This is because whatever the DDAO owns, its users essentially have fractional ownership too. This means that vEmpire is able to lower the barrier to entry for Metaverse investment and unlock pools of capital that would otherwise not be available.

What is the VEMP Token?

As previously stated, VEMP is the native token that can be traded publicly. It can be staked in exchange for xVEMP or xsVEMP, both of which have different use cases within vEmpire’s ecosystem.

VEMP can also be used as a way to generate passive income, as when it is staked for xVEMP it earns interest that can be compounded via continual staking.

xVEMP is used to represent an investor’s stake in the DDAO.

xsVEMP is used as an in-game currency for the play-to-earn trading card game “vEmpire: The Beginning”.

xVEMP and xsVEMP cannot be traded publicly. They are only able to be exchanged for VEMP via the native vEmpire applications. This means that if an investor wants to participate in vEmpire’s ecosystem, whether that’s via the DDAO or as a gamer, they will first need VEMP.

Staking VEMP

As previously mentioned, VEMP can be staked in exchange for xVEMP and to earn passive income. But vEmpire also enables investors to earn interest on their other Metaverse cryptocurrencies too. Currently, the staking applications have pools for ETH, BNB, MANA, SAND, STARL, AXS and APE.

vEmpire’s staking applications also pay dual yield interest, both in VEMP and the original token staked. The primary and first-to-be-released rewards for staking are paid out in VEMP. Once the secondary yields are active, the yield paid in the token originally staked, the VEMP rewards are marginally reduced.

This unique dual yield structure enables investors to earn interest on their favorite Metaverse cryptocurrency holdings and also receive VEMP, at the same time, which provides multiple benefits for Metaverse-focused investors.

You can read an in-depth guide on how to stake VEMP here and how to stake other Metaverse cryptocurrencies here.

vEmpire Ecosystem

Official vEmpire NFTs

vEmpire currently has two separate NFT series. The first series, titled “The Founding Soldiers”, is hosted on the Ethereum network and they provide in-game advantages when playing “vEmpire: The Beginning”. Their second series, titled “The Plebeian Council” is hosted on the BNB-Chain and it provides passive income opportunities via the game fees generated from “The Beginning” when staked.

You can purchase a Founding Soldier NFT here and you can mint a Pleb here.

vEmpire Play-to-earn Gaming

In addition to their play-to-earn trading card game, they also are developing other games with play-to-earn mechanics within The Sandbox. The first Sandbox development will be a recreation of The Seven Wonders of the Ancient World and the second will be a third person hack ‘n slash based in Ancient Rome. These two developments are a part of their Sandbox investment strategy and they will provide new and immersive ways for the vEmpire community to play and earn.

You can find out more about the Seven Wonders recreation here and the Hack ‘n Slash here.

vEmpire DDAO development updates in 2023

In 2023, vEmpire DDAO (VEMP) has seen several significant developments, reflecting its commitment to expanding and enhancing its platform in the metaverse and DeFi spaces. Key updates include:

• Time-Based Staking and Community Governance: vEmpire DDAO introduced a time-based staking mechanism. This approach is designed to prevent dominance by large token holders and instead prioritize active community participation. The platform emphasizes the importance of community involvement in its governance and decision-making processes, fostering a more democratic and user-driven environment​​.

• Expansion in Trading Opportunities: VEMP, the native token of vEmpire DDAO, has become available on various trading platforms, including ShibaSwap and PancakeSwap. This expansion in trading opportunities signifies the growing accessibility and liquidity of the VEMP token​​.

• Focus on Metaverse and GameFi: vEmpire DDAO positions itself as a unique and original concept in the metaverse sector. It stands out as a platform that allows investors to earn interest on their metaverse crypto holdings, offering different staking strategies for metaverse tokens. The platform is noted for its Layer TWO Metaverse protocol, encompassing multiple projects and facilitating DeFi-like staking pools of Metaverse tokens​​.

• Double Income Staking and Diverse Offerings: The platform enables staking of metaverse tokens, where stakers receive yields in both VEMP token and the original token used for staking. Additionally, vEmpire DDAO offers investment opportunities in the metaverse, which are generally not available to everyone, thereby democratizing access to this burgeoning sector. Their offerings extend to Play-to-Earn (P2E) games, guilds, incubation of new metaverse projects, and operations in GameFi and NFT sectors​​.

• Strategic Partnerships: vEmpire DDAO has formed partnerships with prominent entities like NEO, Polygon, and Chainlink. These collaborations indicate the platform’s commitment to integrating with key players in the blockchain and cryptocurrency industry, potentially enhancing its technological capabilities and reach​​.

These developments showcase vEmpire DDAO’s efforts to innovate within the metaverse and DeFi ecosystems, emphasizing community-driven governance, expansion in trading opportunities, and strategic partnerships. These updates position vEmpire DDAO as an emerging player in the decentralized investment space for the metaverse.

Official website: https://v-empire.io/

Best cryptocurrency wallet for vEmpire DDAO (VEMP)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for vEmpire DDAO (VEMP)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).