e-Money is a single efficient blockchain layer for next-generation stablecoins. The market cap is $5,914,668 and the 24h volume is $498,401.
e-Money blockchain consensus is achieved via Tendermint. Investors can leverage their crypto via staking or delegating. Currently there are 2 options to earn passive income and staking rewards with your e-Money investment as outlined below.
Run a Validator
- 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.
- 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.