Welcoming MANTRA DAO & e-Money’s 2021 New Partnership!
MANTRA DAO starts off the new year with an incredible partnership!
As MANTRA DAO ventures into 2021, we are committed to working with some of the other best projects that the crypto space has to offer. As an innovative and unique stablecoin blockchain protocol, e-Money aims to create a level playing field, providing equal access to transparent financial services, on a global scale, while greatly reducing cost, something MANTRA DAO wholeheartedly supports!
Together with e-Money, our partnership will be looking to bring together and connect our two communities as we explore the integration of stablecoins in DeFi. We are thrilled to announce that we have launched an e-Money $NGM validator node in support of the e-Money network. To further show our support, we are also happy to announce that we have also made a substantial direct investment in e-Money’s native NGM token!
The e-Money Method
While the stablecoin market is relatively new, it has enjoyed tremendous growth. In 2020 alone the aggregate market value of Ethereum-based stablecoins increased by 95.38% to reach $6.25 billion! While the current stablecoins on the market are either collateral backed or algorithmic, each method comes with its own weaknesses, weaknesses that e-Money’s innovative stablecoin aims to address with:
● Being fully backed by bank deposits and government bonds
● Multi-currency support, eventually supporting all major global currencies
● Interest-bearing nature, with both positive and negative interest rates
● The capability of immediate finality and settlement
● Near-zero transaction fees
● Transparency through quarterly Ernst & Young audits to provide proof of funds
The Road Ahead
As strategic partners, both teams will work towards a common mission of bringing financial services and products to the masses by providing a visionary community-governed DeFi platform focusing on staking, lending, governance, and a wide range of stablecoins that will eventually be in all major currencies!
“We are extremely excited to be working together with the MANTRA DAO team. The partnership will help us to meet our goal of improving accessibility in the blockchain space while also connecting e-Money’s asset-backed tokens with the ever-expanding DeFi ecosystem. We are thrilled to have the great team at MANTRA DAO supporting e-Money as partners, investors, and validators, and we look forward to innovating together to grow and improve the cryptosphere.” Martin Dyring-Andersen, e-Money, CEO and Founder
“Being blockchain agnostic at our heart, we are truly excited to partner with another cross-chain DeFi player from the COSMOS ecosystem. We are thrilled to support e-Money as a validator and support their cross-chain ecosystem being built across COSMOS, Ethereum, Polkadot, and Avalanche. We’re truly bullish on the e-Money stablecoin system, as shown by our significant direct investment.” JP Mullin, MANTRA DAO, Co-founder
No matter how difficult these times may be, both our teams are committed to building the future of decentralized finance to be accessible, easy, and inclusive!
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
e-Money is an electronic payment system and store of value operating in the financial services industry. The concept and technology are developed by Block Finance A/S, a Danish Fintech company that is innovating new technologies that bridge traditional financial services and distributed ledger technology.