Defi Gaming platform Elfin Kingdom to explore e-Money’s suite of stablecoins
We are pleased to inform you that e-Money is collaborating with Elfin Kingdom, a unique play-to-earn platform that seamlessly fuses the best applications of DeFi (decentralized finance) and GameFi. Users can collect, battle and farm numerous species of Elfins, each with their own distinct characteristics and strategically enhance their cryptocurrency earnings. This collaboration will be another step towards introducing e-Money users to an emerging play-to-earn gaming platform, powered by cryptocurrencies.
The collaboration between e-Money and Elfin Kingdom is designed to explore e-Money’s suite of European stablecoins such as EEUR, ECHF, ENOK, ESEK, and EDKK and introduce both ecosystems to their respective communities.
Furthermore, Elfin Kingdom users can potentially explore e-Money’s fully compliant, asset-backed stablecoins to purchase characters and other in-game assets in order to advance further in the game and maximize their earnings.
This collaboration also enables Elfin Kingdom to leverage e-Money’s network and market its products and services to a wider audience and expand its popularity in the European market.
About Elfin Kingdom
Elfin Kingdom is a GameFi project merging decentralized finance yield farming and non-fungible tokens with gamified elements in a play-to-earn platform that lets users collect, battle, and farm to earn more with their crypto.
In Elfin Kingdom, players choose their own roles and decide how to take advantage of all the provided opportunities. Through a built-in banking system, every role can maximize its earnings with a clever strategy.
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About e-Money
e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and to help 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.
