How to use USDN tokens? What can USDN tokens purchase? What’s the use of USDN tokens
NGK is a commercial distributed system built by Spirit Stone team in 2018. The underlying technology is open source, with a complete intelligent contract for Turing, a DPOSS consensus mechanism and graphene technology. Super performance is enough to support millions of applications. Two tokens were initially issued NGK the blockchain, NGK native tokens and stablecoin USDN.
USDN is an algorithmic stablecoin, which always keeps up and down $1. through the algorithm to make it more stable performance, market circulation determines the USDN circulation, When the demand for stablecoin rises and its price is greater than that of anchored dollar (E>1), the stablecoin is destroyed.
On the NGK generation ecological construction platform, the NGK can be converted into USDN to put into production, and the new blocks will be calculated through the block producer after obtaining the computing power. The block producer takes the output NGK token as the return of the purchase power.
USDN can trade freely in the platform except in the exchange USDN of the computing power platform. Any wallet linked to the NGK block can be used to receive USDN, Users in the platform can exchange other digital currencies through the USDN in the platform. NGK.IO blockchain will create a global exchange in the future, when the USDN will be on the platform of the exchange, USDN will become the platform exchange trading medium, for any value storage and conversion.
USDN is the value reserve and trading medium of the blockchain, which is not only applied in the main network, but also has greater commercial value and circulation value. USDN have good stability, currency characteristics make USDN universal in the world, as a digital currency USDN in the same direction in the industry, in the early USDN will have a certain purchasing power, users can buy certain goods through USDN or use USDN to buy different digital financial products. If digital money can replace French currency, then in the future people must not buy pizza with bitcoin, which is a stable universal currency like USDN.
