E-money is a network that supports a family of fiat-collateralized stablecoins (eEUR, eCHF, eSEK, eNOK and eDKK). E-money’s stablecoins are collateralized through fiat reserves that the foundation holds in commercial banks. Built with the Cosmos SDK, E-money provides a transparent, compliant, and stable cryptocurrency to enable cross-border payments and local businesses to shed fees.

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Market Cap
26.22 APY
0.01% for downtime, 5% for double signing
21 day unbonding period
New delegation required
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Optimizing Staking With Figment

Figment offers peace of mind to its customers and provides the most complete staking experience in the industry

Experienced & Trusted

Original testnet participant.

Block producer on Day 1 and extensive experience in the Cosmos ecosystem.

Figment is a venture funded, registered Canadian company, based in Toronto. Canada offers stability, rule of law and clear crypto regulation.

Features & Benefits

Our Commission rate is 9%.

100% missed reward SLA guarantee.

Security & Safety

The world’s most advanced physical IDC + multi-cloud staking infrastructure.

You maintain custody and control of your NGM at all times. Read more about self-custody here.

Third-party custody solutions are available through our institutional partners. Contact us for more information.


Protected via industry-leading Delegation Agreement.

Get in touch with our team to discuss Prime customers advantages and unlock the full Figment experience

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Staking Instructions & Guide

There are three ways to stake e-Money NGM.

This is our comprehensive guide to delegating your e-Money NGM stake.

  1. The easiest way to stake and delegate your e-Money NGM tokens is with the e-Money Wallet.
  2. You can also use thise-Money explorerto delegate stake if you’re using a Ledger device.
  3. If you’re using the e-Money command line interface ’emcli’, you can use this format for your staking delegation command:

emcli tx staking delegate emoneyvaloper1m5ymqqnem9tzdzul0xrpkw3d82kncyzdw772yl 1000000000ungm –from keyname –chain-id emoney-1–fees 200000ungm –node

Where “1000000000ungm” is equivalent to 1000 NGM; “keyname” is changed to the name of your key; and “200000ungm” is a transaction fee equal to 0.2 NGM.

Figment validator address: emoneyvaloper1m5ymqqnem9tzdzul0xrpkw3d82kncyzdw772yl

Contact us for more information on network participation.

Figment's Validator Addresses


Need more detailed instructions?

See full guide

e-Money FAQ

Where can I explore the e-Money network and create an e-Money wallet?

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When are e-Money staking rewards enabled? When are transfers enabled?

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We expect e-Money staking rewards and transfers to go live on November 4, 2020 sometime after 13:00 UTC.

What is the name of the asset being staked?

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e-Money's native token, NGM, is used to stake.

Which type(s) and what rate of rewards can I expect? Can I stake locked/vesting tokens?

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Vesting tokens may be staked. The rewards from staking NGM tokens come from three sources:

  1. new issuance NGM tokens
  2. transaction fees and
  3. a markup on the currency-backed tokens.

New NGM will be minted at a rate of 10% of the total supply each year, which will be distributed entirely to stakers.

Transaction fees can be paid with NGM or in any of the currency-backed tokens and we expect trading activities on the DEX to be the primary source of these.

The markup consists of an annual 1% inflation on each currency-backed token. The markup is applied continuously and distributed pro-rata to staked NGM token holders. In short, the rewards that are distributed to staked NGM tokens are tied directly to the amount of issued currency-backed tokens.

Current stable asset currencies that are supported are: EUR, CHF, DKK, SEK, and NOK, and there are plans to support more currencies in the future.

Do I maintain custody of my NGM tokens? Who or what controls my staked NGM tokens?

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You can self-custody your e-Money NGM tokens, ideally using a Ledger hardware wallet. Here are instructions for using your Ledger wallet with e-Money.

Figment has partnerships with a number of top-in-class custodians: support@figment.io

The e-Money protocol takes control of your NGM tokens while you are staking. If you unbond your tokens, this process will take 21 days before the protocol returns your tokens to you.

How long does it take to unstake?

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From the moment you initiate the unbonding process, it takes 21 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your NGM tokens.

Can my staked NGM be slashed (seized or destroyed)?

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Yes, a portion of your staked NGM can be destroyed. There are two ways this can happen:

  1. If you delegate to a validator that is offline for over six (6) minutes during 1 hour, you will lose 0.01% of the tokens you have delegated to that validator.
  2. If you delegate to a validator that signs the same block twice with the same key, you will lose 5% of the tokens you have delegated to that validator.

Can I lose potential staking rewards?

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Yes. If the validator you delegate to is offline for over six (6) minutes during 1 hour, you will not earn rewards for at least an hour or however much longer it takes for your validator to resume operations.

What is the rate of new issuance (aka "annual inflation") for NGM? How does the token supply change?

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The e-Money network first launched on Mar 25, 2020 with a fixed token supply of 100M NGM.

As of Nov 4, 2020, e-Money will begin issuing new tokens at an annual rate of 10% of the total supply, all of which will be distributed to stakers.

e-Money's currency-backed stablecoins will be inflated by 1% per year, and these additional stablecoins will be used to buy back and burn NGM tokens. The NGM are bought on e-Money's DEX and will act as a deflationary counterbalance to the inflation of NGM.

How are changes to the e-Money network decided upon and executed? ie. How is e-Money governed?

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Since e-Money stablecoins are centralized (ie. currency-backed with a legal entity issuing thetokens), e-Money’s protocol uses a simple “authority key” that can change network parameters such as gas prices. The authority key is controlled by e-Money A/S (the legal entity).

The legal entity e-Money A/S can use the authority key on-the-fly to change gas prices (as they can fluctuate with exchange rates or as new denoms added, for example). The authority key can also add new stablecoin issuers on-chain. All other parameters (eg. slashing penalty) are set when the chain is launched (ie. genesis) by the validator set.

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