e-Money

The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies.

NGM is a native token of the e-Money.

NGM tokens are available on KuCoin and AscendEx .

Staking e-Money is the process of earning rewards by holding and locking NGM tokens in a wallet as collateral to support the security and performance of the network.

The rewards for staking NGM tokens come from two sources: transaction fees and inflation of the NGM token supply. Transaction fees can be paid with NGM or in any of the currency-backed stablecoins and we expect trading activities on the DEX to be the primary source of these. The NGM inflation is set at 10% of the supply annually. The inflation is applied continuously and distributed pro-rata to staked NGM token holders.

Before staking NGM tokens it is important to understand: — There is a 21 day unbonding period (“lockup”) for staked tokens. — There is a risk of losing 5% of tokens staked with a validator that double signs. A validator can only do this once. — There is a risk of losing 0.01% of tokens staked with a validator that goes offline. This can happen multiple times.

$NGM can be staked via Stakewolle

You can calculate your staking rewards by using the e-Money staking calculator on the site

When you stake your assets with Stakewolle, you may become eligible for Cosmos-based airdrops, allowing you to receive free tokens as a reward for your participation. We support many blockchain networks, so you never know what exciting opportunities may come your way!