e-MONEY VALIDATOR
Annual Percentage Rate (APR)
~17%
Validator Commission
5%
Payout Frequency
Every Block (on demand)
Unbonding Period
21 Days
RHINO Validator Address
emoneyvaloper1ght4t8sf4xv4eyma2su7evvdfcx0w89kaphfnk
Why e-Money?
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. Stake e-Money today with RHINO.
FREQUENTLY ASKED QUESTIONS
Here are answers to some of the questions that we have been asked. Please join our telegram or email us if you have additional questions or need assistance with delegating.
What is e-Money?
e-Money is an electronic payment system and store of value operating in the financial services industry. The company vision is to create a level playing field, providing equal access to transparent financial services, on a global scale, while greatly reducing cost. To that end, e-Money intends to release a range of currency-backed stablecoins in a system that is fair and transparent, accessible for all, and with near-zero fees, instant settlements, and immediate finality. To learn more, please visit the website.
What is delegating?
If you hold the e-Money Next Generation Money token (NGM), you can delegate those tokens to a validator. By delegating NGM, you help secure the network. You get part of the rewards provided by the protocol for this assistance. Delegating will help you accumulate more NGM while contributing to the health of the network.
Do I lose ownership of my tokens?
Absolutely not. You are not giving away ownership of NGM by delegating. RHINO does not take ownership of your NGM. We cannot move or transfer your NGM.
What are the risks of delegating NGM?
e-Money penalizes any validator that misses too many blocks or double signs a block by slashing the staked amount on that validator. The RHINO team has our own capital on the line, so we are fully incentivized to do our best to prevent such events. However, delegators must be aware that this slashing risk will always exist.
Does RHINO self-stake NGM?
Absolutely. The RHINO team utilizes multiple hardware wallets and currently stakes a percentage of the NGM on the RHINO Validator. We are heavily incentivized to deliver highly performant and secure validation services.
What does RHINO receive from this?
We charge a 5% commission of the block rewards received. For example, if a delegator (you) receives 100 NGM as a reward, RHINO will receive 5 NGM while you will receive 95 NGM.
How can I undelegate my NGM?
Undelegating (also called unbonding or unstaking) can be done anytime. However, it takes approximately 21 days for your NGM to undelegate and become transferable. You will not earn rewards during this period. As another option, you can instantly transfer a delegated amount to another validator.
Can I transfer my NGM to another validator?
Yes, instantly. If you’re unhappy with RHINO’s ability to perform validation services, you can instantly transfer your stake to another validator. There is no "unbonding" period to perform this action. Visit the RHINO Validator page on Kelpr and click "Redelegate".
