Nuon "Flatcoin" Goes Live: Cost of living-linked cryptocurrency launches on Arbitrum
HONG KONG, Feb. 2, 2023 /PRNewswire/ -- The Nuon Protocol has announced the launch of its mainnet for the NUON flatcoin: the world's first cryptocurrency linked to an unbiased cost of living index.
- HONG KONG, Feb. 2, 2023 /PRNewswire/ -- The Nuon Protocol has announced the launch of its mainnet for the NUON flatcoin: the world's first cryptocurrency linked to an unbiased cost of living index.
- Decentralized and overcollateralized, Nuon will go live on the leading Ethereum scaling solution, Arbitrum.
- Rather, it has been suggested that a flatcoin should peg its value to an independent measure of the cost of living, or an unbiased inflation index.
- Nuon addresses this by providing a stable crypto asset not linked to a depreciating fiat currency like the US dollar.