NFTrade and e-Money Explore Synergies for Collaboration
We are pleased to inform you that e-Money partners with NFTrade to explore synergies for collaboration. NFTrade, is looking for new ways to bring value to other communities while simultaneously serving NFTrade users, and through this collaboration with e-Money, NFTrade are examining avenues that will benefit all parties involved.
Stablecoins and NFT Farming
e-Money is an innovative blockchain project that makes it easier than ever for users worldwide to gain access to interest-bearing and asset-backed stablecoins based on global fiat currencies. With fully collateralized interest-bearing stablecoins from some of the most widely used international currencies, e-Money makes it easy for anyone to gain access to stable currencies that generate additional return via pre-determined interest rates. One of NFTrade’s roadmap goals for Q4 2021 is to introduce fiat currencies to the NFT market via credit and debit card integration, but e-Money may be able to provide a more straightforward way to navigate intermediary currency options in the meantime.
NFT Farming is looking into ways to bring additional value to the plethora of fiat-pegged stablecoins that e-Money has already minted, such as the eEUR, eCHF, eSEK, eNOK, and eDKK. These stablecoins can already provide value and utility to token holders, but through NFT farming, these tokens can gain even more utility.
Additionally, NFT Farming is exploring possibilities of a stablecoin-based NFT farm that would allow e-Money users to stake their idle stablecoins to earn additional rewards in the form of NFTs. These rewards can be collectible or utility-focused NFTs, providing tangible value to token holders on top of what is already generated by holding the token.
There are many ways for NFTrade and e-Money to work and grow together, and we are happy to announce that we are mutually prospecting on the best way to approach our cooperation and move forward.
NFTrade is the first cross-chain and blockchain-agnostic NFT platform. We are an aggregator of all NFT marketplaces and host the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.
e-Money is a blockchain-based payment platform committed to bringing financial inclusion and help people around the world to have easy access to digital currencies. Built on Cosmos technology, the e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the eEUR, the eCHF, and tokens backed by Scandinavian currencies (eNOK, eDKK, and eSEK) with a host of additional currencies pegged for release in 2021. The e-Money ecosystem has a second token class, the Next Generation Money (NGM) token is a staking and rewards token, users can stake NGM to secure the e-Money network.
The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young. 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 Ethereum and expects to integrate with Binance Smart Chain, Cosmos Hub, Avalanche, Polygon and Elrond in 2021.