The decentralized staking stable coin project Danchor has been officially launched. From February 1, 2020, the Danchor project will use 25% of monthly interest income and penalty income to buy back and burn NDX.
Danchor is a decentralized staking stable coin project based on EOS. The stable coin is named USN and 1: 1 pegs to USD. Through risk control mechanism of excess staking and liquidation, Danchor can effectively avoid market fluctuations and ensure that there are sufficient staking items to provide value support for USN. At the same time, Danchor system proceeds decentralized operation based on the smart contract of EOSIO, the information is open and transparent, and the data is on chain and can be checked in real time.
Users can easily generate USN through staking EOS in Danchor to meet the needs of various financial transactions such as leverage transactions and obtaining floating capital.
What are you waiting for? Let's start the trading right now !
(Danchor project is a decentralized staking stable coin project invested by Newdex. Welcome everyone to use it!)
Thank you for your support and attention!
January 20, 2020