• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Company News

An Upcoming Public Sale on Polkastarter Follows e-Money’s Successful DEX Launch

Thomas Delahunty by Thomas Delahunty
6 days ago
in Company News
Reading Time: 3min read
launch, dex
Advertisement
Nexo Logo
Listen to Article

e-Money introduces fast, frictionless swapping of currency backed tokens into the Cosmos ecosystem

With the world’s largest funds pouring millions into Bitcoin, the eyes of the world are on cryptocurrencies once again. Although the global acceptance of Bitcoin seems more imminent than ever, cryptocurrencies are known for their volatility with aggressive price swings and market manipulation commonplace.

e-Money offers users a solution that enables the everyday user to exchange traditional money for cryptocurrencies without the palpitation-inducing volatility. With a fast and easy to use global payment system underpinned by distributed ledger technology, users can exchange currency-backed and interest bearing stablecoins.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Currency backed, interest-bearing stablecoins

e-Money’s stablecoins are currency-backed, collateralized with a dynamic peg that tracks the underlying interest rate of the same currency as which they are issued. e-Money users can currently choose from several currencies including EUR and CHF, with plans to implement USD, GBP and JPY in the near future.

A standout feature of e-Money’s currency backed stablecoins is that they are interest bearing. With many central banks’ interest rates near-zero or negative, interest on government bonds and bank deposits is dwindling; e-Money offers an experience similar to that of a savings account and each year the supply of e-Money stablecoins is inflated by 1% with the underlying interest on the reserve passed on to the user.

The recent launch of the e-Money DEX, which supports trading of all currency-backed stablecoins as well as the platform’s native NGM token, also offers users zero execution fees on trades as well as no listing requirements. The project looks to increase stablecoin adoption both within the DEX and throughout the Cosmos ecosystem, and e-Money has planned bridges to the Ethereum, Avalanche and Polkadot networks.

The e-Money NGM token

NGM is the e-Money platform’s staking token and as well as paying for transaction fees, holders are incentivized to stake their tokens in order to be eligible for NGM rewards which come from transaction fees and inflation of the NGM token supply. The total supply of NGM tokens is inflated by 10% per year and distributed as staking rewards. Staking can be done via wallet.e-money.com  where validator yield information can also be viewed.

Polkastarter Public Sale

e-Money will be conducting a public sale of the platform’s native NGM token on the 19th of January 2021 at 12:00 CET on the Polkastarter platform. Taking place in the form of Initial Decentralized Exchange Offering (IDO) a limited supply of 300,000 NGM tokens will be available for purchase at a fixed price of USD 0.50.

Polkastarter is a DEX built for cross-chain token auctions that enables projects to raise capital in a decentralized environment and, with the recent successes of projects launching on the Polkastarter platform, the e-Money IDO is expected to be another popular event.

Image by SpaceX-Imagery from Pixabay
TweetShare
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Thomas Delahunty

Thomas Delahunty

I’m Thomas J. Delahunty, born in Lancashire, England, but raised and currently residing in Columbus, Ohio where I attended The Ohio State University studying English and History. After writing in the Fintech and Forex spaces, I began to focus on blockchain and cryptocurrencies — Bitcoin in particular — in 2016. Aside from being part of NewsBTC’s journalism team, I am a writer and analyst for Ohio State’s Risk Institute at the Fisher College of Business, and run operations for two local, independent online businesses.

Related Posts

5 Projects Bringing Institutional-Grade Products to Crypto

5 Projects Bringing Institutional-Grade Products to Crypto

1 hour ago
RAMP DeFi Leads The Liquid Staking Race, Opening Ethereum-Based DeFi to Staked Liquidity From Other Blockchains

RAMP DeFi Leads The Liquid Staking Race, Opening Ethereum-Based DeFi to Staked Liquidity From Other Blockchains

1 day ago
router

Emerging DeFi Project Router Protocol Raises Seed Funding, To Launch Cross-Chain Farming Soon

2 days ago
huobi, ruble

Huobi Now Supports RUB Deposits and Withdrawals, Announces Crypto Purchase Campaign

6 days ago
stacks 2.0

Stacks 2.0 Blockchain Set to Go Live on Mainnet

7 days ago
ilcoin

Conversation with Norbert Goffa – Co-Founder of ILCOIN – About the Cryptocurrency Market, Trends and Vision

7 days ago

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.