e-Money

What is e-Money?

Founded in 2016 by a Danish fintech company, e-Money is a forward-thinking blockchain-based payment platform, designed to seamlessly connect the traditional banking system with a streamlined and efficient blockchain layer. Positioned as a catalyst for global payments, e-Money prioritizes speed, low fees, interoperability, reliability, simplicity, and accessibility, aiming to redefine the landscape of financial transactions.

The platform positions itself as a transformative force in the financial landscape, unlocking the potential of instant, low-cost, and cross-chain blockchain payments. e-Money is designed with a focus on financial inclusion, transparency, and instant settlement, aiming to provide easy access to financial services globally.

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Recent Video Interview

Main points of the interview:

• e-Money offers stablecoins backed by European currencies.
• Leveraging Tendermint and Cosmos SDK for fast transaction finalization and multi-blockchain connectivity.
• NGM token rewards stakers and facilitates ecosystem growth through partnerships and liquidity incentives.
• Plans to bridge to other networks like Avalanche and Binance Chain.

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Built for Global Payments

e-Money boasts several key features that make it a versatile solution for users worldwide. With transaction speeds under 500 milliseconds, users can transact swiftly and efficiently. The platform enables global money transfers with near-zero transaction fees, emphasizing financial inclusion and accessibility. Its interoperability is facilitated through inter-blockchain communication using the Cosmos hub, ensuring a connected and efficient cross-chain experience. The reliability of e-Money is underlined by its secure payment network, operating smoothly without congestion.

Corporate Settlement, Local Business, Internet of Money

e-Money extends its applicability across various sectors. For corporate users, it offers instantly settled cross-border payments, scalable solutions that reduce costs and optimize business processes. Local businesses benefit from taking control of payments, eliminating credit card fees, and enjoying the advantages of instant settlements. Powered by cross-blockchain technology, e-Money introduces pluggable tokens compatible with leading wallets and exchanges, positioning itself as the next generation of money for Web 3.0.

Token Rewards: A Layered Approach

The e-Money ecosystem incorporates a layered approach to token rewards. On Layer 1, a centralized fee model ensures a great user experience, with transactions being committed immediately. The native token, NGM, is a single staking token on Layer 2, securing the e-Money network by staking with validators. With a 10% annual inflation rate, the total supply of NGM continuously inflates, and the inflated tokens are distributed as staking rewards to accounts that have staked tokens.

Token Distribution

NGM's token disitrbution:

• Treasury (60%): The majority of tokens allocated for strategic financial management.
• Ecosystem Fund (10%): Supporting the growth and development of the e-Money ecosystem.
• Customer Acquisition (8.3%): Reserved for initiatives aimed at expanding user base.
• Liquidity & Listing Fees (12.5%): Ensuring liquidity on exchanges and covering listing expenses.
• Seed & Private Sale (9%): Funding secured through early-stage and private investment.
• Public Sale (0.2%): A minimal percentage for public investors participating in the token sale.

This well-structured token distribution plan underlines e-Money's commitment to financial transparency and strategic allocation for sustainable growth and development.

Team Background and Partners

Founded by Martin Dyring-Andersen, a serial entrepreneur with two decades of experience in startups, algorithmic trading, and FX markets, and Henrik Aasted Sørensen, a senior software engineer with 15 years of expertise in financial infrastructures, security, and consulting, e-Money is dedicated to providing global access to digital currencies and fostering financial inclusion.

The team includes Shalini Wood, a seasoned marketing consultant with 15 years of experience in PR, communications, digital marketing, and branding for both global organizations and blockchain startups. The founders' diverse backgrounds contribute to the platform's mission to democratize payments, making it easier for people worldwide to embrace digital currencies and participate in the evolving landscape of financial services.

e-Money's partners: Certik, Cosmos, Fenbushi Capital, MyCointainer, Sentinel, Vitwit, Blockscape, Melea, Kalpa Tech, Regen Network, Dedmos Network...

Project Development

e-Money took a moment to update on recent activities, particularly the decision to unwind EEUR issuance, ensuring a safe and controlled process. Despite unwinding EEUR, the e-Money chain remained unaffected. In response to prevailing market conditions, the focus shifted to fortifying NGM liquidity, the staking token, to maintain chain operations and equitable validator commissions.

A strategic plan was implemented on Osmosis with three key components:

• Diversified Liquidity Pools: New pools, including major tokens like BTC and ETH, were created to mitigate single-asset risk, enhancing NGM's viability as a staking token.
• Deployed Genesis Liquidity Incentives: The Genesis LP allocation incentivized third parties to join pools, fostering deeper NGM liquidity with reassessed LP incentives after 90 days.
• Utilized Treasury Tokens: Treasury tokens were programmatically employed to join pools, boosting and securing liquidity. This was done in a controlled manner to avoid adverse impacts on prices, with LP shares bonded for 14 days.

This strategic approach aimed to benefit both NGM token holders and the broader Osmosis ecosystem by offering increased arbitrage opportunities and capturing value for the Osmosis Community Pool upon the ProtoRev feature launch. The strategy was designed to have no adverse effects on Osmosis, maintaining its integrity as a chain and community.

e-Money Price Analysis

As of November 25 2024 e-Money has a marketcap of $1.8M. This is {{percentagefromath}} from its all time high of $2.76. In terms of its tokenomics, there's a total supply of 138M with 58% currently outstanding. Keep in mind e-Money has a fully diluted value of $3.2M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.