Nuon Protocol Launches Inflation-Tracking NUON Token

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Nuon Pro­to­col has today announced the launch of its main­net for the NUON flat­coin, which is the first cryp­tocur­ren­cy in the world to track an objec­tive cost of liv­ing index. Nuon will launch on top of Arbi­trum, a pop­u­lar Ethereum scal­ing plat­form. The devel­op­ers of the over­col­lat­er­alised and decen­tralised cryp­to, NUON, and back­ers of infla­tion-proof flat­coins believe they have found the answer to the prob­lem of cur­ren­cy depre­ci­a­tion over time.

Nuon’s attempt at beating inflation using a coin 

If you hold $NUON, you can be assured that your pur­chas­ing pow­er will nev­er decrease due to infla­tion because the coin is teth­ered to an impar­tial cost of liv­ing index. The main goal of the Nuon Pro­to­col is to cre­ate a cur­ren­cy that is immune to infla­tion by mak­ing it inde­pen­dent of nation­al cur­ren­cies that are con­trolled by cen­tral banks.

The $NUON coin mon­e­tary sys­tem is built on the premise of a flat­coin, and its val­ue is pegged to either an impar­tial infla­tion index or an inde­pen­dent gauge of the cost of liv­ing. Also, the risks of con­cen­tra­tion and unfavourable gov­ern­ment reg­u­la­tion are dimin­ished when a cur­ren­cy is unan­chored from a sin­gle fiat asset. A Nuon flatcoin’s worth is cal­cu­lat­ed dai­ly using infla­tion sta­tis­tics that can be ver­i­fied with­out out­side influence.

Nuon Liq­uid Pro­to­col (NLP), Dynam­ic NFTs and auto­mat­ed secu­ri­ty liq­uid­i­ty pools are two of the most inno­v­a­tive aspects of the Nuon Pro­to­col. In addi­tion, the pro­to­col says it gets audit­ed by Coin­Fab­rik and runs on proof of reserve tech­nol­o­gy devel­oped by Chain­link-both of which are acces­si­ble in real-time. The Nuon net­work is inte­grat­ed with the Chain­link BUILD Platform.

Many investors have pre­ferred sta­ble­coins for a long time because of their abil­i­ty to cush­ion against the volatil­i­ty of the cryp­to mar­ket. How­ev­er, sta­ble­coins are still sus­cep­ti­ble to infla­tion and oth­er relat­ed eco­nom­ic shocks because they are pegged to reg­u­lat­ed assets like gold and fiat cur­ren­cies. Fur­ther­more, the col­lapse of the algo­rith­mic sta­ble­coin LUNA in 2022 demon­strates that sta­ble­coins are not as sta­ble as they are meant to be. Thus, infla­tion-linked flat­coins might be a viable alternative.

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