France Hates Facebook’s Libra So Much it’s Developing its Own Digital Currency
Purchase 1 ndau on BitMart and Win Up to 50
From December 8th 8:00 PM (EST) to December 22th 8:00 PM (EST), BitMart exchange will offer an exclusive promotion for ndau and select 100 lucky winners. Participants will need to purchase at least 1 ndau (XND) from BitMart and then transfer and lock in the ndau wallet. All purchasers who purchase and lock at least 1 ndau will be eligible to win 50 ndau (XND) which is equivalent to more than $1,000 USD based on its current value. Ten winners will receive 50 locked ndau and ninety will receive 5 locked ndau, while earning delegated proof-of-stake awards at a rate of 9% annualized.
ndau(XND) is the world’s first buoyant virtual currency that provides an optimized solution for long-term store of value. ndau addresses key issues of inflation and volatility as an alternative to unstabilized cryptocurrencies and traditional stores of value, such as fiat currencies.
While traditional banks keep customers trapped in the centralized system and the crypto rise of 2017 showed the potential of decentralized “de-banked” assets. However, the near-collapse that occurred months later demonstrated the absence of monetary policy merely emulated the problem of market volatility. Many stable coins have addressed the volatility problem by “pegging” to an underlying fiat reserve, the consequence is that they are inherently deflationary and unable to capture value with increasing demand, especially for the long haul. In other words, the balance between stability, independence, and long-term store of value was missing.
In 2016, a group of over 20 leading finance experts from world-class institutions such as Goldman Sachs, Columbia University, Carnegie Mellon – came together to find the best way to solve these problems. The answer was to build a blockchain that reacts to market changes in real time which guided by monetary policy, digital governance, and consumer dependability. ndau’s unique application of monetary policy also known as “buoyancy” aims to solve the problems of market volatility and the difficulty of holding secure digital assets for the long term, through a number of policy initiatives and mechanisms:
- Demand-driven supply: New ndau is issued along pre-determined price curve only when demand exceeds supply and pushes market price to the next designated price level.
- Incentives to hold: Efficient proof-of-stake consensus with ecosystem incentives that increase the longer ndau is held and locked.
- Non-profit endowment: All net proceeds are held in an endowment, maintained by the non-profit Axiom Foundation, to help stabilize ndau and implement its monetary policy.
- Resilient governance: Governed by the Blockchain Policy Council (BPC), with regularly elected delegates by ndau holders that oversee operations and ndau’s monetary policy.
- Robust security: Includes a multisignature wallet, recovery safeguards, dispute resolution and property rights.
“ndau prioritize the interests of the community at first place,” said Shelon Xia, Founder & CEO of BitMart. “As BitMart’slong-term vision is to help reach a consensus in the blockchain community, we’re confident that our traders will be enthusiastic about the option to trade ndau, and embrace the concept of buoyant virtual currency.”
“We see the future of cryptocurrency with more stability while maintaining the decentralized elements that users cherish,” says Ken Lang, Managing Partner & CTO of COSIMO Ventures and member of ndau Collective. “ndau creates an ecosystem where users can store their digital assets for long time horizons and can secure their financial future outside of the traditional financial instruments.”
The Axiom Foundation, an Isle of Man entity, contracted Oneiroin 2016 to build ndau, starting with $8M in venture capital provided by COSIMO Ventures. Following its launch, ndau holders elected the inaugural BPC in May 2019 and voted to be listed on BitMart. As of November 15th, 2019, $74 million worth of ndau are outstanding without pursuing an ICO or IEO.
BitMart is a premier global digital asset trading platform in the cryptocurrency market with over 900,000 users worldwide and ranks among the top 5 crypto exchanges on CoinMarketCap. BitMart currently offers 265 trading pairs with relatively low trading fees in the market. As of today, BitMart has offices in South Korea, Hong Kong, United States, and Nigeria with employees in 15 different countries and regions. To learn more about BitMart, visit their Website, Twitter or join their Telegram.
ndau is a buoyant digital currency and decentralized ecosystem, where holders self-govern by electing delegates to its Blockchain Policy Council, which oversees the Axiom Foundation.
Through the use of monetary policy, purchasers are encouraged to hold ndau for the long-term and discouraged from hasty actions that magnify instability. Designed with built-in economic structures that incentivize both stability and potential for growth, ndau provides all the benefits of a digital currency while promoting more fair and accountable governance, dependability, and greater safety for owners not found in existing cryptocurrencies. Follow ndau on Twitter and join Telegram.
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