The ultimate GamiFi platform Babylons explores e-Money’s Suite of European Stablecoins

Web3Nerd
e-Money.com
Published in
3 min readMar 31, 2022

e-Money has always taken pride in the strong partnerships we have forged in the digital asset ecosystem and as we dive into the next quarter of 2022, we are pleased to announce that Babylons, a popular one-stop-shop gaming platform that offers a wide range of NFT and gaming services is exploring a strategic partnership with e-Money.

How it works

Babylons is the ultimate GamiFi destination. The platform offers an NFT marketplace, blockchain tooling, and launchpad with INO (Initial NFT Offering) and IDO (Initial Dex Offering) for new GameFi projects. Babylon also has a robust gaming community from across the globe that is actively seeking to experiment and invest in new projects launched on the platform.

Babylons will explore integrating e-Money’s suite of fully collateralized stablecoins such as EEUR, ECHF, ESEK, ENOK, and EDKK into their ecosystem, thus enabling the platform to tap into the European market and facilitate access to gamers, including those relatively new to the crypto sphere to invest with payment solutions that are backed by their own native currencies.

This also enables Babylon to increase brand awareness and accelerate its popularity in a region that’s vital to the growth of the crypto economy, while offering e-Money exposure and access to early adopters of new technology and a vibrant community of gamers.

About Babylons

Babylons is the ultimate GameFi destination, pioneer launchpad, blockchain tooling provider, and NFT platform with its 100+ gaming partners and a young and active following of GameFii enthusiasts. For its gaming partners, Babylons offers INO hosting, IDO hosting, and secondary sales services tailored to their exact needs. Babylons has a vibrant gaming community that is eager to participate in new gaming projects; private, public token offerings & IDOs; while the platform aims to democratize this process with its innovative mechanisms.

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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 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” which 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.

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