Community Updates: NGM/USDT Liquidity Pool on Uniswap
We would like to inform you that starting 1st March 2022, we will remove liquidity from the current $NGM/ USDT pool on Uniswap. This decision is in-line with our strategic vision to focus on AMM’s such as Osmosis and Sifchain, that offer lower transaction fees, swift settlements and a greater user experience. Additionally, we are committed to increasing the widespread adoption and utility of our tokens, and very soon you expect $EEUR and $NGM listed on DEX’s on the Avalanche network.
We would recommend users to swap their NGM tokens that are on the Ethereum Network to native e-Money network. You can do that using our cross-chain Ethereum bridge.
Ethereum Bridge Usage Guide
- Click on the bridge link https://app.e-money.com/bridge
3. Users are required to first connect their MetaMask wallet to access the platform. Click on Connect Wallet to establish a connection between your wallet and the platform application.
4. Now select the Ethereum network and select your direction “Ethereum to e-Money“ or “e-Money to Ethereum”.
5. Double-check the Token contract address and enter the amount of tokens that you wish to buy and confirm the Swap activity.
6. A MetaMask transaction is triggered and the transaction is successful.
*If you are not able to see the token in your MetaMask wallet, then you have to add the token by giving the contract address of the token in the Custom Token tab.
e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and helping people around the world to have easy access to digital currencies. Built on Cosmos technology, e-Money supports a range of fiat-stablecoins which are fully backed by bank deposits and government bonds that are also interest bearing. The fidelity and transparency of e-Money stablecoins will be ensured by Ernst & Young providing quarterly Proof of Funds.
e-Money currently supports several European currency-backed stablecoins such as the EEUR, the ECHF, and tokens backed by Scandinavian currencies (ENOK, EDKK, and ESEK). The e-Money ecosystem has a second token, the NGM “Next Generation money” that is a staking token and rewards token. Users can stake NGM to secure the e-Money network.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money has already integrated with Cosmos Hub, Osmosis and Ethereum and expects to integrate with all major networks moving forward.