Introduction

With the development of blockchain technology, more and more projects are starting to tokenize real-world assets. However, ensuring the compliance and security of these transactions has become a major challenge in technological development. EMYC (E-money Network) has emerged as the world’s first public permissioned blockchain network supporting on-chain KYC and AML. EMYC aims to provide compliant, transparent, and secure blockchain solutions for the global financial market through innovative technological architecture. EMYC not only offers secure blockchain services for retail users but also provides financial services for institutional users that meet banking-level security standards.

Image Source:https://emoney.io/

EMYC Overview

EMYC is a financial infrastructure network based on blockchain technology, dedicated to achieving KYC and AML compliance on-chain, ensuring that every transaction meets the requirements of international financial regulations. Through EMYC, users can tokenize real-world assets (RWA) to create a more transparent, compliant digital asset ecosystem.

The innovative significance of EMYC in the blockchain field

The biggest innovation of EMYC lies in that it not only solves the decentralization and privacy protection issues in blockchain technology, but also provides a compliant environment that meets regulatory requirements for global financial institutions. The emergence of EMYC will drive more traditional financial institutions to enter the blockchain field, laying a solid foundation for the popularization of financial services such as asset tokenization and cross-border payments.

The core features of EMYC

Image source:https://emoney.io/

Based on blockchain technology, EMYC has incorporated many innovative features, especially in terms of compliance and security, demonstrating strong advantages.

Blockchain network supporting on-chain KYC and AML: EMYC adopts blockchain technology to achieve on-chain identity verification and fund flow monitoring. This means that every transaction will undergo strict KYC and AML review to ensure the legitimacy of the transaction participants and the source of funds.

Bank-grade Security Infrastructure: EMYC’s infrastructure design complies with bank-grade security standards, providing users with reliable data protection and privacy assurance. This design makes EMYC suitable not only for retail users but also provides financial institutions with a service platform that meets regulatory requirements.

Compliance with MiCA standards: EMYC is committed to complying with the European market crypto asset regulations (MiCA) to ensure its compliant operation in the European market. The implementation of MiCA will bring a more transparent and standardized market environment to the crypto asset industry, and EMYC is the solution launched to embrace this change.

Realizing the tokenization of real-world assets: EMYC promotes the maturity of the digital asset market by tokenizing real-world assets (RWA). This not only enables traditional financial assets to be digitized and managed, but also expands investment options for investors and promotes the globalization of capital markets.

How does EMYC ensure compliance?

The compliance guarantee of EMYC is not only reflected in the technical aspects, but also includes the legal permits and licenses it has obtained globally.

1. Obtain 6 global bank licenses

To ensure the compliance of the platform, EMYC has obtained six global banking licenses. These licenses cover financial regulatory requirements in different countries and regions, enabling EMYC to operate legally worldwide.

2. Legal Compliance and Market Access

EMYC is also actively cooperating with major financial regulatory agencies worldwide to ensure its compliance in different markets. Through this strategy, EMYC will be able to provide a safer and more transparent investment environment for global investors.

EMYC Token Economics

EMYC token is the core token in the E Money Network (EMN) ecosystem, which mainly has the following functions and economic characteristics: (Source: official documentation)https://docs.emoney.network/validating-on-e-money-network/emyc-tokens-utility-and-purpose）

1. The uses and functions of EMYC

• Token Record: EMYC is the token record of E Money Network, which means it is used for all transactions and record operations throughout the network.
• Gas fee token: EMYC is the gas fee token in E Money Network. When conducting any transactions on the network, users need to pay EMYC as the transaction fee.

2. The supply and burn mechanism of EMYC tokens

• Total supply: 4 billion coins
• Circulating Supply: 26.86 million (January 23, 2025)
• Destruction mechanism: All fuel costs in the EMYC ecosystem are paid in EMYC, and these paid EMYC will be destroyed. This means that whenever network transactions are conducted, the EMYC tokens will reduce the supply through burning.

3. Emission and Burning of EMYC Tokens

• Node Emission: The daily node emission of the EMYC token is linked to the total supply of EMYC tokens. The rewards for nodes will be dynamically adjusted based on changes in the total supply.
• Impact of the burning mechanism: By using EMYC as fuel payment, the total supply of EMYC will decrease at any time. In addition, EMYC may also be burned in the exchange process, further reducing the supply.

4. Estimate Reward Value

Due to the dynamic nature of the reward mechanism of the E Money Network and the unpredictable adoption rate of nodes, it is difficult to provide an accurate reward valuation at any specific moment. Here are some considerations when estimating reward values:

• Node allocation restrictions: The estimate generally assumes that the number of nodes will not exceed their respective level quotas. The rewards for nodes will be distributed over many years.
• Deflation possibility: If 100% of the fuel cost is destroyed, it may lead to a certain period of deflation, thereby increasing network rewards. This means that the actual reward valuation may experience significant fluctuations.

Token Performance

EMYC currently has a market value of about 5.35 million US dollars (as of January 24, 2025). The token was listed on the spot trading area of Gate.io on January 23, 2025. The token has a short online time, and short-term volatility may be significant. Please trade cautiously and be aware of the risks.

Click to trade EMYC:https://www.gate.io/trade/EMYC_USDT

Summary

EMYC solves the compliance challenges in the blockchain world by innovative on-chain KYC and AML technology. It not only provides users with a secure and transparent digital asset trading platform, but also promotes the development of the blockchain industry through compliance design that meets the MiCA standards.