Smart Contract Algorithm USDN Develops Defi
DeFi developed rapidly in the first half of 2020 and became one of the most concerned areas in the blockchain world. As of July 27, the total market value of DeFi tokens had exceeded $12 billion, compared with $1 billion in June. So how does the USDN as a stable coin layout Defi? Let’s introduce you one by one.
The first USDN is based on the value of one USDN anchoring $1 in the NGK.IO blockchain. The USDN adopts the distribution method of the blockchain intelligent contract. Through the transparency of the intelligent contract, the market USDN holder can obtain the stable endorsement of the algorithm. USDN equal to the strongest trust system in the digital market, it is a kind of token that anchors the global common currency and a common digital token that connects the global digital economy. At the premise of compliance and security, USDN provide users with safe, convenient and highly liquid digital asset services through reliable technology and high quality services.
USDN also has layout in DeFi field, will support USDN. with more DeFi platform in the future USDN also plan to participate actively in the development of DeFi ecology in the future. To know that the development of blockchain cannot be separated from ecological innovation, because the USDN is based on the NGK blockchain compliance and stability currency, the next ecological application in the NGK intelligent contract platform is also expected.
The next ten years are the key stages of blockchain development. During this period, it is of great significance to promote the development of blockchain application, to promote the landing of encrypted currency in the real world, or to provide ideas for countries to practice central bank digital currency, and to stabilize currency. As the application ecology of stablecoin expands, stablecoin with compliance and security will become a necessity for encrypted currency and traditional financial market, and USDN will deal with and overcome all kinds of risks and challenges on the way forward. For the development of stable coins play a leading role in promoting.