What is E Money Network (EMYC)?

What is E Money Network?

(Source: emoney_network)

E Money Network (EMYC) is the world's first modular blockchain fully compliant with the EU's Markets in Crypto-Assets Regulation (MiCA), dedicated to laying a secure, transparent, and compliant infrastructure for the upcoming DeFi 2.0 era. As a layer one (L1) blockchain focused on achieving seamless interoperability between DeFi and real-world assets (RWA), E Money Network is committed to addressing the liquidity gap between Web2 and Web3, realizing true on-chain asset tokenization and off-chain asset integration.

The vision and mission of E Money Network

The core mission of E Money Network is to promote the tokenization of RWA, thereby facilitating the integration of the global digital asset market with traditional financial markets. According to forecasts, by 2030, the RWA market will exceed 10 trillion dollars, and E Money Network is the platform paving the way for this goal. Its protocol design aims to:

• Enhance asset liquidity
• Enhance the transparency of financial operations
• Reduce systemic risk
• Establish a trading environment without conflicts of interest

The ultimate goal is to enable both individuals and institutions to participate in the issuance and trading of RWAs on a compliant basis, jointly building a trustworthy, decentralized, and compliant new financial order.

Key Features and Product Modules

Identity Verification and Compliance Assurance

E Money Network builds a complete on-chain identity verification (On-Chain ID) and KYB (Know Your Business) mechanism to ensure that all user operations in the network are conducted within a secure and trustworthy framework. In addition, the platform integrates KYT (Know Your Transaction) and AML (Anti-Money Laundering) modules to fully implement a compliant trading environment.

Ownership and Custody Transparency

Through KYO (Know Your Ownership) and advanced encryption technology, E Money Network allows asset owners to publicly and transparently prove their ownership while ensuring privacy. In terms of asset management, E Money Network introduces Fiat-backed e-Fiat and IBAN On-Chain custody mechanisms, creating a more seamless interaction channel between fiat currency and on-chain assets.

RWA Empowerment Scenario Applications

E Money Network provides comprehensive tokenization and trading support for real-world assets, covering the following major categories:

• commodities (such as gold, oil)
• Intellectual Property (IP)
• Stocks and Shares
• REITs Real Estate Investment Trusts
• Bond and Loan Agreement

All these assets can be used as collateral for borrowing, thereby enhancing the overall liquidity and utilization of the assets.

On-chain credit score and lending

E Money Network innovatively introduces an on-chain credit scoring system that ties users' borrowing capabilities to their on-chain behavior and reputation. Its mechanism includes:

• Non-custodial wallet lending
• Credit assessment based on FATF international standards
• On-chain credit lending combined with TradeFi model

This not only injects credibility into zero-trust financial scenarios but also opens up a new avenue for people who cannot obtain credit from traditional financial institutions.

The tokenomics of E Money Network

In order to ensure the sustainable development and decentralization of the E Money Network ecosystem, the total issuance of $EMYC is 400 million, which will be reasonably allocated and incentivized according to different roles in the ecosystem. The following are the details of the allocations:

1. Validator Node (25% / 100,000,000 coins)
   This is the core part of the E Money Network. All validators must undergo KYC certification, responsible for verifying transactions on the blockchain and maintaining network security and stability. Tokens in this part will be used to reward node operators, including the funds required to run nodes and long-term incentives.

2. Foundation Nodes (8% / 32,000,000 coins)
   This part will be used to promote the development of ecological infrastructure, such as maintaining the E Money wallet, E Money card, technology upgrades, and community building, and will also be used to support strategic partners and open source community contributors.

3. Airdrop and Staking Rewards (1.5% / 6,000,000 tokens)
   Used to reward early supporters and participants, and to incentivize users who continuously participate in staking, this portion of tokens will also be used to incentivize application developers and contributors who assist in expanding the application scenarios of the E Money Network.

4. Ecosystem Development (33% / 132,000,000 tokens)
   This is the largest allocation, which will be used to support the development and deployment of dApps in the entire E Money Network ecosystem, including core application types such as RWA, DeFi, DePIN, and BankFi. The aim is to attract more high-quality projects to land and build, expanding the coverage of applications.

5. Liquidity Support (5% / 20,000,000 tokens)
   Specifically designed to provide liquidity pools on exchanges and DEX, enhancing the trading depth and asset liquidity of $EMYC. This quota can be used to form trading pairs with other mainstream assets, improving the efficiency of user asset entry and exit.

6. Marketing Promotion (5% / 20,000,000 pieces)
   This portion of the tokens will help execute global marketing strategies, brand exposure, user growth activities, and community incentives, thereby attracting more users to join the E Money Network ecosystem and strengthening its influence and usage.

7. Team and Advisor Rewards (5% / 20,000,000 tokens)
   This portion will be allocated to the core team members and strategic advisors of E Money Network as a reward for their contributions in product development, architectural design, market expansion, and other areas. There will usually be a vesting period (such as Cliff + linear release) to ensure long-term commitment and stable development.

(Source: emoney_network)

E Money Network not only ensures fairness in governance and participation but also provides long-term support and incentive foundations for ecological development. Such a structure can encourage all stakeholders to work together to promote E Money Network as a key player in the infrastructure of RWA and DeFi.

Main functions of the token

$EMYC is the core driving force behind the entire E Money Network, with its main uses including:

• Gas fee for on-chain transactions
• dApp development and deployment costs
• As collateral for lending (RWA, personal assets, Yield Farm, etc.)
• Node Staking and Validation Rewards
• Staking rewards (unlock more IBAN, E Money Card and other benefits)

Start spot trading of EMYC immediately:https://www.gate.com/trade/EMYC_USDT

Summary

E Money Network is not just a chain; it is a new paradigm of financial network design, a way to inject the spirit of Web3 into the circulation of real-world assets. With compliance to traditional financial regulations, on-chain identity verification, transparent proof of ownership, and support from modular financial components, E Money Network will eventually write its own new chapter in the era of DeFi 2.0.