e-Money’s EEUR & NGM Listed on Omni-chain DEX Sifchain
EEUR & NGM Liquidity Pools on Sifchain
We are pleased to announce that e-Money’s EEUR and NGM are now listed on the Sifchain DEX. Additionally, $EEUR : $ROWAN pool will be part of ‘Sifchain’s Bonus Pool’ for a period of two weeks. Liquidity providers will gain rewards based on their percentage share of the overall liquidity pool. These rewards are paid in $ROWAN to every liquidity provider that locks liquidity in the EEUR:ROWAN pair for the duration of ‘Sifchain Bonus Pool’.
e-Money’s European stablecoin EEUR on the Sifchain Decentralised Exchange (DEX) will encourage users within the European region to join the DEX and facilitate transactions using their native currency. This feature will encourage adoption in the European region as users will feel more confident trading with a currency they are familiar with. Additionally, e-Money’s European stablecoins are fully collateralized, backed with actual bank deposits and government bonds held at commercial banks. Uniquely, e-Money’s currency-backed stablecoins each utilize a dynamic peg that tracks the underlying interest rate, meaning that stablecoin holders benefit from accrued interest on their assets even when just sitting in a user’s wallet. This makes e-Money’s stablecoins buoyant in times of extreme volatility and ever-changing interest rate environment. In addition, e-Money’s services operate in full compliance with AML/CTF legislation, and the platform is transparent, undergoing a quarterly audit by Ernst & Young.
About Sifchain
Sifchain is the universal solution to the problems faced by a lot of DEXes today. Built on Cosmos SDK, Sifchain is the world’s first omni-chain DEX and is fast, cheap, and integrates a wide variety of different blockchains. It also does all this without sacrificing decentralization. If you want to learn more about this project then check it out on any of the links below:
Website | Twitter | Medium | Github | Telegram | Telegram Ann
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.
