NGM
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NGM

e-Money 2-5 years
Cryptocurrency
Website https://e-money.com/
Browser
OTH RELPs
White Paper
NGM Avg Price
0.00%
1D

$ 0.0299 USD

$ 0.0299 USD

Market Cap

$ 591,576 0.00 USD

$ 591,576 USD

24h trading volume

$ 1,030.98 USD

$ 1,030.98 USD

7d Vol

$ 5,325.32 USD

$ 5,325.32 USD

Circulating supply

19.76 million NGM

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WikiBit Risk Alerts

1
Previous Detection 2024-11-21

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

NGM Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

+355.41%

1Y

+201.46%

All

-96.26%

Note: e-Moneys official site - https://e-money.com/ is currently for sale and not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this token.

Aspect Information
Short Name NGM
Full Name e-Money
Support Exchanges Osmosis
Storage Wallets Metamask, Trust Wallet
Customer Service Medium

Overview of e-Money (NGM)

The Next Generation Money (NGM) token is a core component of the e-Money ecosystem, serving both as a staking and rewards mechanism. By staking NGM tokens, users contribute to securing the e-Money network, which enhances the platform's overall stability and security. In return for their participation, stakers receive rewards, fostering a mutually beneficial environment. NGM's role extends beyond staking, as it also plays a part in the governance of the e-Money ecosystem, allowing token holders to influence decision-making processes and future developments.

Pros & Cons

Pros Cons
Interest-Bearing Stablecoins Price Volatility
Transparency and Audits
Staking and Governance Opportunities
Scalability and Interoperability

Pros:

  • Interest-Bearing Stablecoins: The issuance of interest-bearing stablecoins pegged to various fiat currencies offers holders the potential to earn interest on their assets, providing a unique value proposition compared to traditional stablecoins.

  • Transparency and Audits: Regular audits conducted by Ernst & Young ensure transparency and trust within the e-Money ecosystem, enhancing confidence among users and investors.

  • Staking and Governance Opportunities: NGM tokens offer staking and governance functionalities, allowing users to participate in securing the network and shaping its future development while earning rewards for their contributions.

  • Scalability and Interoperability: Built on Cosmos technology, e-Money benefits from scalability and interoperability, allowing it to integrate with major blockchain networks and expand its reach and utility.

  • Cons:
    • Price Volatility: While e-Money's stablecoins offer interest-bearing assets, the cryptocurrency market is known for its volatility, which can pose risks to investors, particularly in terms of price fluctuations.

    • What Makes e-Money (NGM) Unique?

      e-Money (NGM) is unique due to its issuance of interest-bearing stablecoins pegged to various fiat currencies such as EUR, CHF, NOK, DKK and SEK, providing holders with the potential to earn interest.

      Built on Cosmos technology, it ensures scalability and interoperability across multiple blockchain networks. The platform emphasizes transparency with quarterly reserve audits by Ernst & Young, enhancing trust.

      Additionally, NGM serves as both a staking and governance token, rewarding users who secure the network and participate in decision-making.

      The inclusion of a decentralized exchange (DEX) Osmosis facilitates seamless currency conversions, while advanced security measures, including hardware wallet support, ensure the safety of user assets.

      This combination of innovative financial features and robust security protocols sets e-Money apart in the digital currency landscape.

      How does e-Money (NGM) Work?

      e-Money (NGM) operates as a blockchain-based financial platform leveraging Cosmos technology to offer a variety of services centered around digital currencies and stablecoins. Heres a detailed look at how it functions:

      • Stablecoin Issuance:

        • e-Money issues interest-bearing stablecoins pegged to various fiat currencies, such as eEUR (Euro), eCHF (Swiss Franc), eNOK (Norwegian Krone), eDKK (Danish Krone), and eSEK (Swedish Krona). Each stablecoin is backed by a reserve of assets denominated in its corresponding currency.

        • These stablecoins are unique because their value adjusts according to the interest accrued on the reserve assets, providing holders with potential earnings while holding the tokens.

        • NGM Token Utility:

          • Staking: The NGM token serves as a staking token within the e-Money network. Users can stake NGM tokens to participate in network security, ensuring the platform remains robust and reliable.

          • Rewards: Stakers receive rewards for their contributions, incentivizing participation and helping to maintain the networks health.

          • Governance: NGM tokens also play a role in the governance of the e-Money ecosystem. Token holders can participate in decision-making processes, influencing the direction and development of the platform.

          • Transactions and Payments:

            • e-Money supports instant payments, allowing users to conduct transactions quickly and efficiently. This capability is crucial for everyday use and cross-border transactions, promoting financial inclusion.

            • The platform's infrastructure ensures that transactions are secure and scalable, leveraging the capabilities of Cosmos technology.

            • Decentralized Exchange (DEX):

              • e-Money includes a decentralized exchange (DEX) that facilitates the conversion between different currencies. This feature enhances liquidity and allows users to easily swap between various stablecoins and other digital assets within the ecosystem.

              • Transparency and Audits:

                • To maintain trust and transparency, e-Money conducts quarterly reserve audits through Ernst & Young. These audits ensure that the assets backing the stablecoins are accounted for and managed properly.

                • Security Measures:

                  • e-Money employs advanced encryption techniques, including symmetric and asymmetric encryption, to protect transaction data and user information.

                  • A multi-safe design provides multiple layers of security, ensuring that even if one layer is compromised, additional safeguards protect the network.

                  • The platform supports integration with hardware wallets, offering users the option to store their private keys offline for enhanced security.

                  • Interoperability:

                    • e-Money aims to integrate with major blockchain networks such as Ethereum, Binance Smart Chain, Cosmos Hub, Avalanche, Polygon, and Elrond. These integrations enhance the platforms interoperability, making it easier for users to interact with a broader range of blockchain ecosystems.

                    • Use Cases:

                      • Online Payments: e-Money can be used for various online transactions, providing a secure and efficient payment method.

                      • Money Transfers: The platform supports both local and international money transfers, making it easier to send and receive funds across borders.

                      • Energy Management Services: e-Money is designed to support various applications, including energy management services, showcasing its versatility beyond traditional financial transactions.

                      • Currency Exchange: The DEX functionality allows users to easily exchange digital currencies for fiat or other cryptocurrencies, bridging the gap between different financial systems.

                      • Market & Price

                        As of the latest data, the price of Next Generation Money (NGM) is $0.005136 as of Jun 10, 2024, reflecting a daily increase of 2.07%. The market capitalization stands at $101,497, positioning it at rank #2392. In the past 24 hours, the trading volume surged by 185.62% to $146, indicating a volume-to-market cap ratio of 0.14%. NGM has a circulating supply of 19,760,286 tokens out of a total supply of 102,993,397 tokens.

                        NGM has experienced significant fluctuations over its trading history. The all-time high was $2.77 on April 7, 2021, marking a drastic decline of 99.82% from that peak. Conversely, the all-time low was $0.004704 on October 14, 2023, and since then, it has risen by 8.81%.

                        Market & Price

                        Exchanges to Buy e-Money (NGM)?

                        To purchase Next Generation Money (NGM) tokens, users can utilize the Osmosis decentralized exchange (DEX), a platform known for its efficiency and user-friendly interface within the Cosmos ecosystem. Osmosis facilitates seamless and secure trading of NGM tokens alongside other cryptocurrencies and stablecoins, such as eEUR, eCHF, eNOK, eDKK, and eSEK.

                        Through Osmosis, users can easily buy NGM tokens, engage in staking for rewards, and participate in the broader e-Money financial ecosystem, all while benefiting from the advanced security and instant transaction capabilities of the Cosmos network.

                        Exchanges to Buy e-Money (NGM)?

                        How to Store e-Money (NGM)?

                        To securely store Next Generation Money (NGM) tokens, users can utilize reputable digital wallets like MetaMask and Trust Wallet, which are known for their robust security features and user-friendly interfaces. These wallets support the storage, management, and transfer of NGM tokens, ensuring that users' assets remain safe.

                        MetaMask, a browser extension and mobile wallet, offers convenient access to the e-Money decentralized exchange (DEX) and other blockchain applications, while Trust Wallet, a mobile wallet, provides a secure and straightforward experience with additional features like staking directly within the app.

                        Both wallets employ advanced encryption techniques to protect users' private keys and support integration with hardware wallets for an added layer of security, making them reliable choices for managing NGM tokens.

                        How to Store e-Money (NGM)?

                        Is It Safe?

                        While e-Money (NGM) demonstrates strong technical security and operational transparency, it also faces significant market risks due to price volatility and low liquidity. Investors should weigh these factors carefully and consider their risk tolerance.

                        It's also recommended to stay updated with the latest developments and audit reports to make informed decisions. Undertaking thorough personal research and seeking advice from financial experts can further guide safe investment practices.

                        How to Earn e-Money (NGM)?

                        There are several ways to earn Next Generation Money (NGM) tokens within the e-Money ecosystem:

                        • Staking NGM Tokens: Users can stake their NGM tokens on the e-Money platform. By doing so, they help secure the network and validate transactions. In return for staking, users receive rewards in the form of additional NGM tokens.

                        • Providing Liquidity: Participate in liquidity pools on the e-Money decentralized exchange (DEX) or other supported platforms like Osmosis. By providing liquidity, users earn a share of the trading fees generated by the pool.

                        • Buying NGM on Exchanges: Purchase NGM tokens directly from the Osmosis decentralized exchange, a key trading platform for NGM.

                        • By engaging in these activities, you can earn NGM tokens while contributing to the security and growth of the e-Money ecosystem.

                          Conclusion

                          In conclusion, e-Money's Next Generation Money (NGM) token stands out in the digital currency realm for its innovative approach to stablecoin issuance, offering interest-bearing assets pegged to various fiat currencies such as EUR, CHF, NOK, DKK and SEK. Supported by Cosmos technology, NGM ensures scalability and interoperability while maintaining transparency through regular audits. Its dual functionality as a staking and governance token incentivizes user participation, contributing to network security and development. With a decentralized exchange for seamless currency conversions and advanced security measures, NGM embodies a forward-thinking solution for accessible and secure digital finance.

                          Frequently Asked Questions

                          • What is e-Money?

                            • e-Money is a blockchain-based platform designed to enhance financial inclusion by providing global access to digital currencies.

                            • How can I earn NGM tokens?

                              • NGM tokens can be earned through activities such as staking, providing liquidity, and participating in governance within the e-Money ecosystem.

                              • How does e-Money ensure the security of its platform?

                                • e-Money employs advanced encryption techniques and undergoes regular audits to ensure the security and integrity of its platform.

                                • What currencies are supported by e-Money's stablecoins?

                                  • e-Money's stablecoins are pegged to various fiat currencies, including eEUR, eCHF, eNOK, eDKK, and eSEK.

                                  • Can I stake NGM tokens with a hardware wallet?

                                    • Yes, NGM tokens can be staked using supported hardware wallets for added security.

                                    • Risk Warning

                                      Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

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Related information

Issue Time

2021-01-20

Platform pertained to

--

Current price

$0.0299USD

Market Cap

$591,576USD

Volume of Transaction

24h

$1,030.98USD

Circulating supply

19.76mNGM

Volume of Transaction

7d

$5,325.32USD

Change

24h

0.00%

Number of Markets

23