NDAU: XND Stablecoin
NDAU is the world’s first buoyant cryptocurrency that is designed and optimized for a long-term store of value. It has the freedom to rise while mitigating downside volatility. This, in the end, combines stability and growth.
Developers of NDAU believe that stable is good and buoyant is better, thereby combining the two aspects into one unit. NDAU is currently available for purchase on BitMart (XND/USDT trading pair).
To begin with, NDAU has the freedom to rise, as the demand dictates. Secondly, it has the ability to mitigate downside volatility. The system encourages market forces to buoy the price towards the “high water mark.”
Importantly, NDAU is an incentive to behold. It allows users to align the interests of the entire ecosystem with common goals.
The developers of NDAU believe that digital currencies are the future of the financial economy. However, they are too volatile, which prevents mainstream adoption. Generally, stablecoins can help solve this, but they are no better than the assets or in some cases, the algorithms to which they’re pegged. Stablecoins never fall, nor rise from that peg.
This is where NDAU comes into the scene. A buoyant digital currency, it is free to rise as demand dictates while mitigating downside volatility using multiple mechanisms. NDAU’s main objective is to be a high quality digital asset meant for long-term store of value.
How NDAU Works
New NDAU coins are released into the market when demand pushes the market price of NDAU upward along the target price curve.
There is a finite amount of NDAU (1000) at each price level on the Target Price Curve, each level higher than before. All proceeds generated from the release of new NDAU are deposited into an endowment, used to manage NDAU’s monetary policies and to implement open market operations.
The entire NDAU ecosystem is backed by Venture Capital funding. All the funds generated from the release of basic NDAU coins are held in an Endowment to manage monetary policy, create liquidity, and establish a floor price. The ecosystem is structured in such a way that each entity involved benefits from the health and prosperity of the entire NDAU economy.
NDAU implements more comprehensive means to achieve long-term stability compared to stablecoins. This is because NDAU is buoyant. It’s a free floating digital currency with the freedom to rise in value as demand warrants. However, its downside risk is mitigated by structural mechanisms that rewards free market forces to support the market price of NDAU at key distress levels. This results in a digital currency that is resistant to inflation, which remains resilient, and non-volatile to market forces.
The Blockchain Policy Council determines and ratifies all the operating policies of NDAU and has the power to oversee other entities throughout the ecosystem.
The BPC is a group of nine delegates each representing a different class of stakeholders who are responsible for managing policy in the best interest of NDAU holders.
The individuals who compose the BPC are not led or operated by a fixed consortium of people or by a private corporation. Instead, the NDAU holders themselves elect the individuals on a continual basis.