Founded in 2016 by a Danish fintech company, e-Money is a blockchain-based payment platform that aims to bridge the legacy banking system with a single efficient blockchain layer.
About e-Money (NGM)
With quarterly reserve audits completed by Ernst & Young, the project is committed to complete openness. Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders earn interest on their assets while they are safely stored in your wallet.
The e-Money blockchain enables large-scale fast payments and incorporates a decentralized exchange (DEX) for convenient currency conversion. e-Money plans to interface with Binance Smart Chain, Cosmos Hub, Avalanche, Polygon, and Elrond, in addition to Ethereum.
What Is e-Money (NGM)?
e-Money is a blockchain-based payment network dedicated to promoting financial inclusion and facilitating access to digital currencies for people all over the world.
The e-Money protocol, which is based on Cosmos technology, allows for the creation of a variety of interest-bearing currency-backed stablecoins that represent numerous world currencies. A reserve of assets denominated in the underlying currency backs each token. The eEUR, eCHF, and tokens backed by Scandinavian currencies (eNOK, eDKK, and eSEK) are now supported by e-Money, with a slew of new currencies set to launch in 2021. The Next Generation Money (NGM) token is staking and incentives token in the e-Money ecosystem. Users can stake NGM to protect the e-Money network.
Who Are the Founders of e-Money (NGM)?
The team behind e-Money has considerable experience within the finance, technology, banking, marketing, and blockchain sectors.
Martin Dyring-Andersen is the founder of e-Money. He is a serial entrepreneur with 20 years of experience within startups, algorithmic trading, and FX markets.
Henrik Aasted Sørensen is the co-founder of the e-Money platform. He is a senior software engineer with 15 years of experience within financial infrastructures, security, and consulting.
Frederik Køhler is the CFO of e-Money. He is a senior banker with 15 years of experience working for leading investment banks in Scandinavia and Luxembourg.
Shalini Wood is the CMO of e-Money. She is a marketing professional with 15 years’ extensive PR/ Communications, digital marketing, and branding experience within global organizations and Blockchain startups.
What Makes e-Money (NGM) Unique?
On a worldwide basis, the company’s objective is to create a level playing field by offering equitable access to transparent financial services while drastically lowering costs. To that aim, e-Money plans to launch a variety of currency-backed stablecoins in a system that is fair and transparent, available to everyone, and features near-zero fees, quick settlements, and instant finality. e-Money is not intended to be a complete replacement for the present financial system; rather, it can be viewed as a layer two solution for traditional banking.
All stablecoins, including the NGM, can be used to pay transaction fees of EUR 0.01 equivalent. A cost of EUR 0.01 is charged for placing orders on the limit order book (DEX).
For staking rewards, NGM supply rises with inflation but is reduced by buyback and burning.
To earn any incentives provided to secure the e-Money network, the NGM token must be staked. The income is linked to the use of the e-Money network, where transaction fees rise as more payments and trading transactions are made.
The corporation makes money by investing in NGM and staking them. The rewards for staking can be traded on the market. The NGM repurchase (which will be funded by 1% stablecoin inflation) is expected to enhance NGM buy-side demand.
Where Can You Buy e-Money (NGM)?
If you’re looking for a place to buy e-Money (NGM), the best cryptocurrency exchange for trading e-Money (NGM) is KuCoin, Uniswap (V3), Osmosis, and Ascend EX (Bitmax).
Frequently Asked Questions
Can I Buy e-Money (NGM) With Cash?
No. There is no direct method to purchase e-Money (NGM) using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are There Any Quick Ways To Buy e-Money (NGM) In Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On What Factors Does The Price Of The e-Money (NGM) Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact Mogul Productions’ (STARS)’s price and market cap.
e-Money (NGM) Official Website – https://e-money.com/
e-Money (NGM) Twitter – https://twitter.com/emoney_com
