USDN is an algorithmic stablecoin based on blockchain NGK, intelligent contract, relying on intelligent contract technology and dollar to complete strong trust 1:1 anchoring to meet the needs of different users. USDN through the algorithm to achieve price stability, market circulation determines the USDN circulation.
USDN adopts intelligent contract issuance, there are three mechanisms. USDN circulating currency, freely traded digital currency; USDN bond voucher for additional issuance and destruction of USDN vouchers; USDN equity index for additional issuance USDN, incentive equity index holders.
USDN applies blockchain intelligent contract to achieve algorithm stability, so that market participants can obtain algorithm stability endorsement. USDN plays an important role in the NGK blockchain and can be used for the value storage and value interaction of all contracts in the blockchain to solve the volatility and stability of the traditional encrypted currency, which provides a stable means of exchange and the value of digital storage, and can also be used to promote NGK blockchain.
As anchor coins, USDN will not be affected by the big market to produce greater fluctuations. It can break through the monetary restrictions between different countries and regions, directly anchor the dollar to reduce the exchange loss and process, break the wall between encrypted currency and traditional currency, and make the circulation of funds more free and convenient.
USND can be used to unlock the power, through the platform with other token exchange way to release; the creation of a premium will eliminate the market bond vouchers, additional awards to the equity index to issue additional USDN.; and By issuing bond coins to destroy, through the algorithm to stabilize the market price.
Through the algorithm, USDN abandoned the traditional mortgage, can play a better stability. USDN fundamentally solves the drawbacks of the existing stablecoin, and is a truly low-cost, high-efficiency, high-security, and highly decentralized token model.
One of the missions of USDN stablecoin is to enable people without bank accounts or insufficient accounts to hold USDN realize payments in any country with only one mobile phone. The vision is to accelerate the USDN of international settlement processes, achieve strong trust, and strongly anchor dollar stable currencies, thus building an open world financial system.
