THELOGICALINDIAN - With an accessible accessible auction on Polkastarter and a afresh launched DEX eMoney is an avant-garde accession to the Cosmos ecosystem
With all-embracing money transfers actual expensive, opaque, and fatigued out processes, the addition of cryptocurrencies as a faster, added cellophane adjustment of cross-border payments promised to advance the way the apple sends and receives money.
This actuality said, Bitcoin and added cryptocurrencies are still advised by abounding as too airy to be advised as applicable solutions for acquittal solutions. With the eyes of the apple on cryptocurrencies and DeFi (decentralized finance) products, a band-aid for anachronous bequest systems is abundant bare if agenda currencies are to absolutely go global.
With a arrangement backed by coffer deposits and government bonds, e-Money is alms a cellophane and adjustable advance to bequest cyberbanking systems, with absolutely collateralized and interest-bearing stablecoins that will eventually abutment all above all-around currencies.
Built for all-around payments
The e-Money belvedere is congenital on Cosmos ecosystem, which in about-face is congenital on Tendermint technology, a blockchain agent altogether akin with e-Money’s requirements for actual certitude and added scalability back it comes to online transactions.
By alms fast, adjustable sign-ups with no remittance fees to individuals and actual cross-border settlements to businesses and corporations, e-Money looks to accessible the doors to the approaching of absolutely borderless and decentralized finance. The project’s mainnet launched in March aftermost year and already boasts over 40 validators including ample contributors from the Cosmos Hub.
Peace of apperception with currency-backed stablecoins
Stablecoins were created to abode the basal affair of volatility that is present in the cryptocurrency markets. Current algebraic stablecoin solutions accept fabricated beat moves appear taming the aberrant movements of Bitcoin and added currencies, but atramentous swan contest such as that of the Maker DAO collapse alone go to appearance that there is still a way to go. In the authorization world, aught or abrogating absorption ante can accomplish abounding catechism the continued appellation achievability of collateralized stablecoins and advancement a 1:1 peg to basal assets.
e-Money’s archetypal aims to solve both of these issues simultaneously by application a activating peg that advance the basal absorption amount of the affiliated bill used. Supporting assorted currency-backed stablecoins including EUR and CHF as able-bodied as a cardinal of Scandanavian currencies, there are additionally affairs to add abutment for currencies such as USD, GBP, and JPY. Offering bigger aegis by design, e-Money stablecoins are additionally interest-bearing, acting analogously to a bequest accumulation account.
Trading will booty abode on e-Money’s anew launched DEX (decentralized exchange), a belvedere advised to action a above akin trading experience. Users can adore aught fees for barter beheading and the befalling to barter any badge with no advertisement requirements, including those transferred via added chains. Transactions get committed anon and acquire a fee of aloof EUR 0.01 equivalent.
Increased transparency
The aggregation abaft e-money looks to accommodate accuracy wherever accessible and highlights that annual audits by the globally accustomed close Ernst & Young will authenticate affidavit of funds to clients. The e-Money arrangement also afresh anesthetized a able whitebox audit by arch technology-led blockchain aegis aggregation CertiK, a acute arrangement and blockchain agreement analysis close founded by Computer Science advisers from Yale University and Columbia University.
As able-bodied as approved audits, the e-Money aggregation is committed to advancement acquiescence with AML and CTF regulations and has put ample accomplishment into ensuring authoritative cachet aural the EU.
Upcoming badge sale
e-Money’s accessible badge auction on Polkastarter will see 300,000 NGM tokens accessible for acquirement at a anchored amount of USD 0.50. The Initial Decentralized Exchange Offering (IDO) takes abode on the 19th of January 2021 at 12:00 CET.
The NGM token is the platform’s built-in token, and users can pale these in acknowledgment for rewards, in about-face accepting the e-Money network. With a absolutely cellophane badge economics arrangement in place, the cardinal of NGM tokens is continuously aggrandized at 10% per year, with the accumulation again broadcast pro-rata as staking rewards to those with affirmed or staked tokens.
Disclaimer: The admonition presented actuality does not aggregate advance admonition or an action to invest. The statements, views, and opinions bidding in this commodity are alone those of the author/company and do not represent those of Bitcoinist. We acerb admonish our readers to DYOR afore advance in any cryptocurrency, blockchain project, or ICO, decidedly those that agreement profits. Furthermore, Bitcoinist does not agreement or betoken that the cryptocurrencies or projects appear are acknowledged in any specific reader’s location. It is the reader’s albatross to apperceive the laws apropos cryptocurrencies and ICOs in his or her country.
