E-Money (NGM)
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
- Bug bounty program can be found [insert here].
- In January 2022 e-Money published its latest proof of funds audit report by Ernst & Young.
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
- Whitepaper or docs can be found here.
- Code can be viewed here.
Implementations
- Built on: Cosmos
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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