One ecology, one world: USDN stable currency provides you with a safe place to avoid from trouble
The situation in the world gradually became apparent after the collapse of the Soviet Union. Although European countries reformed the European Union after the fall of the Berlin Wall, they are in fact independent and subject to the United States.
On the other hand, after the Second World War and the Cold War of bipolar hegemony, the United States gradually established many advantages of the superpower. After getting the baton in the hands of the “old father” Britain, the method of how Britain controls the world has been re-evolved, and the world is controlled more vigorously. One of these means is the dollar advantage.
Many aspects of the world are now traded by anchoring the U.S. dollar, such as oil, rare metals, and raw materials for high-tech products. Wall Street, which has experienced several severe economic crises, has long made the United States heavily in debt, not only private companies, but also successive governments. So the United States began to rely on a series of measures such as treasury bonds, adjusting interest rates, and controlling exchange rates to maintain the stability of the dollar. As the issuance of US dollars has been increasing and has never stopped, leading to the flood of US dollars on the market, and the wealth of real US dollars in other parts of the world has gathered in the United States like a centralized one. In the end, civilian in the world is the one who suffered most.
So when experts in finance and economics realized this problem, they all began to implement the digital economy, especially the decentralized technical concept of blockchain, which gave people a new hope. However, this conflicts with the interests of centralized organizations (such as the US government). It was once rumored that the FBI had repeatedly wanted to capture the founder of Bitcoin “Satoshi Nakamoto”, which proves that blockchain technology can more guarantee the interests of ordinary people.
In October 2020, the NGK blockchain is about to detonate the digital world again, reshuffling the pattern of digital currencies, especially the stable currency USDN in the ecology, which not only has the attributes of free trading, additional issuance and destruction, at the same time there is the effect of equity tokens as well.
Compared with USDT, USDN has the advantage of adding the core algorithm’s responsiveness to the original single fixed rule. If a centralized organization is used to mediate inflation and deflation, there will be concerns that the centralized organization will profit from it, then there is no need to worry about this in the NGK.IO ecosystem. Why can the NGK blockchain become a safe place to avoid touble for all users? It is precisely because of USDN’s excellent mechanism.
The smart contract algorithmic stable currency anchors USDN to the dollar value, 1USDN=1 U.S. dollar. When the price of the stable currency USDN fluctuates, the smart contract of the NGK system will be issued or repurchased through algorithms to ensure the stability of the total circulation and price. The entire operation process is operated by smart contracts based on algorithmic monetary policies, rather than centralized manual organizations. Except for all ordinary users in the ecosystem, no one else can profit from it.
The key point here is that when the price is too low, the algorithmic mechanism will buy stablecoins in the market by selling bonds at a discount. At a certain time in the future, bondholders can use the bond to obtain USDN for cash out. In short, smart contracts will encourage stablecoin holders to sell stablecoins to obtain bond certificates to increase the value of USDN and provide all users with a safe place to avoid from trouble in the digital world. What really makes everyone aware of is “ NGK is there when the world is ruthless, and you can watch USDN comfortably.”