e-Money EUR

What is e-Money EUR?

e-Money EUR is a stablecoin made by e-Money, representing an advanced evolution in the realm of collateralized stablecoins, boasting distinctive advantages that distinguish them from their counterparts. Unlike algorithmic stablecoins, e-Money stablecoins are immune to the numerous drawbacks and inherent instability associated with the former. A key feature is that e-Money stablecoins are backed by collateral in the same currency in which they are issued; for instance, the eEUR stablecoin is collateralized in Euros. This straightforward arrangement not only enhances the stability of the system but also contributes to the high efficiency and liquidity of currency-backed stablecoins.

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.

Staking Rewards in e-Money

There are 2 layers to providing rewards for e-Money's tokens:

• Transaction Fees - Layer 1: The centralized fee model ensures an excellent user experience, with transactions being immediately committed. NGM can be utilized to cover transaction fees. Payment transactions are subject to a fee of EUR 0.01 or its equivalent. Placing orders on the limit order book (DEX) incurs a fee of EUR 0.01 or its equivalent. While there are currently no execution fees on the DEX, it's possible that these may be introduced at a later time.
• Staking Rewards - Layer 2: A singular staking token (NGM) is employed to secure the e-Money network by staking it with one or more validators. The total supply of NGM experiences continuous inflation at a rate of 10% per year. The inflated tokens are distributed pro-rata as staking rewards to accounts that have staked tokens.

e-Money Team Background and Partnerships

Some of the main members of the e-Money team:

• Martin Dyring-Andersen (founder) A serial entrepreneur with two decades of expertise in startups, algorithmic trading, and FX markets.
• Henrik Aasted Sørensen (founder) A seasoned software engineer with 15 years of proficiency in financial infrastructures, security, and consulting.
• Shalini Wood (marketing consultant) A marketing professional with 15 years of extensive experience in PR/Communications, digital marketing, and branding within global organizations and Blockchain startups.
• Morten Schultz (advisor) An associate partner at Bruun & Hjejle, Morten has over 10 years of experience advising on financial regulatory matters.

e-Money has secured some impressive partnerships, including: Certik, Cosmos, Fenbushi Capital, Cosmostation, stake.zone, MyCointainer, Newroad Network, Blockscape, Vitwit, Melea, Nodeasy...

e-Money Project Development

The e-Money team wishes to take a moment to provide an update on their recent activities, particularly in light of the decision to unwind the EEUR issuance. As outlined in their recent announcement, the team is currently focused on unwinding EEUR in a safe and controlled manner.

While EEUR is issued on the e-Money chain, the unwind does not affect the e-Money chain itself. Given the current market conditions, the team has identified the need to bolster the liquidity of NGM, their staking token, to ensure that the chain can continue operating reliably and that validators continue receiving commissions in a sensible manner. To achieve this, a strategic plan has been developed to improve and diversify NGM liquidity on Osmosis. The plan is designed to benefit NGM token holders and the wider Osmosis ecosystem alike.

e-Money EUR Price Analysis

As of November 25 2024 e-Money EUR has a marketcap of $254K. This is {{percentagefromath}} from its all time high of $3.11. In terms of its tokenomics, there's a total supply of 481K with 100% currently outstanding. Keep in mind e-Money EUR has a fully diluted value of $254K 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.

Summarized in part by ChatGPT 4 and Claude