E-Money (NGM)

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Revision as of 06:14, 21 March 2022 by Grand Master Pepe (talk | contribs) (Created page with "[https://e-money.com/ e-Money] is a blockchain-based payment platform that aims to bridge the legacy banking system with a single efficient blockchain layer. Built on Cosmos technology, the e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins. ==Basics== *Based in: [https://medium.com/citadel-one/e-money-overview-ccb4557848c8 Denmark] *Started in / Announced on: [https://medium.com/citadel-one/e-...")
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e-Money is a blockchain-based payment platform that aims to bridge the legacy banking system with a single efficient blockchain layer. Built on Cosmos technology, the e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins.

Basics

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

"The total supply of NGM is continuously inflated. The inflation rate is currently 10% per year. The inflated tokens are distributed pro-rata as staking rewards to accounts that staked tokens."

Utility

  • From Citadel One (15-3-2022):

"A single staking token (NGM) is used to secure the e-Money network by staking it with one or more validators. The increased supply for each stablecoin is used to buy back NGM tokens in the market (DEX) against each stablecoin. Purchased NGM tokens are burned."

Other Details

Stablecoin

  • From Citadel One (15-3-2022):

e-Money is expanding beyond the USD-dominated stablecoin market to deliver trusted currencies that can be used in both retail and cross-border payments. The total supply of each stablecoin is continuously inflated. The rate is variable and set per stablecoin, currently 0.5% per year.


Coin Distribution

Technology

Implementations

How it works

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found here (2-2022).

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].
  • Frederik Køhler is a Chief Financial Officer in e-Money. He has over 15 years of banking experience with large financial institutions, including Jyske Bank, Industrial and Commercial Bank of China, and more. His roles have included investment advisor, relationship management, FX trading, and treasury, across the European region. Frederik holds a Graduate Diploma in Business Administration, with a concentration in finance from the prestigious Copenhagen Business School.
  • Shalini Wood is a Chief Marketing Officer in e-Money. Ms. Wood has extensive experience in global technology marketing and communications. She has worked both in the Netherlands and India, holding senior strategic roles with companies including Honeywell, Utrecht University of Applied Sciences and numerous Blockchain start-ups.

Funding

Partners

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