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Learn about e-Money Staking
How to stake E-Money (NGM)?
For the average user, the best way to stake NGMs is by delegating to one of the Validators of the Network.
You can delegate/bond your NGM in a single click via the official E-Money Wallet. You can connect to the wallet with your Ledger Hardware Device or the Keplr Browser Extension.
If you want to reinvest your rewards, you have to manually claim them and delegate them again.
Please consider that withdrawing your funds from staking will take 21 days.
How much can I earn staking NGM?
E-Money has a fixed 10% inflation, which is proportionally being distributed between all active validators. Furthermore there is a 1% inflation on all stablecoins within the network, which is also being distributed between all validators. If the Stablecoin Supply is increasing, the rewards are then increasing proportionally.
Validators share rewards with their delegators after deducting their commission fee.
If you are unsure, which Validator you should delegate to, you can refer to our List of all E-Money Validators.
Who is the team behind E-Money?
“A Team of Finance and Technology Experts”
Serial entrepreneur with 20 years of experience within startups, algorithmic trading and FX markets.
Henrik Aasted Sørensen
Senior software engineer with 15 years of experience within financial infrastructures, security and consulting.
Senior banker with 15 years of experience working for leading investment banks in Scandinavia and Luxembourg.
Marketing professional with 15 years’ extensive PR/ Communications, digital marketing and branding experience within global organizations and Blockchain startups.
What are the NGM staking rewards?
The rewards for staking NGM tokens come from two sources: transaction fees and inflation of the NGM token supply.
Transaction fees can be paid with NGM or in any of the currency-backed stablecoins and we expect trading activities on the DEX to be the primary source of these.
The NGM inflation is set at 10% of the supply annually. The inflation is applied continuously and distributed pro-rata to staked NGM token holders.
The model eliminates the reliance on transaction costs to sustain operations. This aligns with the design goals of Cosmos Hub and the Internet of Blockchains, as the currency-backed stablecoins can move freely across zones.
Is there any risk staking NGM?
By delegating NGM tokens to a validator, your tokens are at risk of slashing. If the Validator misses blocks or tries to corrupt the network, your holdings might get slashed.
Therefore it is very crucial to choose a professional and trusted Staking Provider.
Also please take into consideration, that staked tokens are not immediately accessible. In order to transfer staked tokens, you need to un-delegate them, which takes around 21 days.
From the Staking Rewards Journal