Introducing E Money Network – Leading the Way with Modular RWA Protocol
Today marks a significant milestone in our journey, one that we believe is pivotal for the future of the regulated Web3 space. With immense pride and excitement E Money Network.
What is the E Money Network?
The E Money Network is a pioneering Modular RWA Chain with Compliance Blocks. It is compliant with MiCA regulations, making it ready for the future in the digital asset landscape. E Money Network will enable tokenisation of Real World Assets (RWAs). We aim to build the foundational blockchain that will bring liquidity of billions of dollars of RWAs on the E Money Network. This will help bridge the liquidity gap between the Web2 and Web3 worlds and viceversa. The Real World Asset (RWAs) market is projected to exceed $10 trillion by 2030, and the E Money Network is the purpose-built blockchain ecosystem that will facilitate the tokenisation of RWAs.
The primary goal of the E Money Network is to meet the growing demand for RWAs and facilitate building sustainable projects that will enable creation of RWAs, build RWAs-enabled businesses, and more. This initiative could be a game changer for the intersection of digital assets and traditional markets.
The E Money Network sets itself apart by focusing on:
Proof of Identity: Secure on-chain identity verification through on-chain ID for users and KYB processes for businesses.
Proof of Compliance: Integrated on-chain Know Your Transaction (KYT) and Anti-Money Laundering (AML) modules.
Proof of Ownership: Transparency through on-chain Know Your Ownership (KYO). These are complemented by Zero-Knowledge Proofs (Zk Proof) for added security.
Proof of Custody: On-chain custody solutions, including IBAN on-chain and Fiat-pegged E-Fiat.
Use Cases of E Money Network
E Money Network is best positioned to build the next generation of tokenised virtual assets. Some potential use cases could be:
RWA Launchpad: A resilient platform designed to launch tokenised RWA projects. The E Money Network will support, facilitate launching of RWA projects on its ecosystem.
Commodities Tokenisation: The process of converting asset representations of commodities into tokens.
Intellectual Property (IP): Facilitating secure and transparent trading of digital assets linked to intellectual property.
Equities: Tokenisation and trading of digital equivalents of shares of publicly traded companies.
Real Estate Investment Trusts (REITs): Transparent trading of digital tokens representing stakes in real estate assets.
Loans: A platform dedicated to the tokenisation and secure trading of digital assets that signify loan agreements.
Additional Features:
Lending and Borrowing: Seamless access to capital through tokenised lending and borrowing activities.
On-Chain Credit Score: A Transparent and decentralised system to assess creditworthiness.
$EMYC:
$EMYC will be the native token for the E Money Network and will maintain its crucial role in ensuring and governing the Network's security.
Why the name E Money Network?
The decision to change our project's name from Scallop to E Money Network wasn't just about finding a new title. It was a recognition that our platform had grown beyond its original purpose. It had become a complex network, connecting different parts of the digital world.
Our CEO Raj Bagadi puts it this way - "Our journey to renaming our product was not just about choosing a new name; it was about encapsulating the essence of our vision and the evolution of our project. We wanted a name that reflected the expansive nature of our network and resonated with our commitment to creating a thriving digital economy. After much deliberation and introspection, we found inspiration in the concept of E Money."
Got more questions? Head to our
Website: https://emoney.io/
Whitepaper: https://whitepaper.emoney.network/
Technical documentation: https://docs.emoney.network/
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