I love to see tokens that can be a refuge asset since it's nearly impossible to find. Nuon is a flatcoin that is essentially an index pegged on inflation rate. This means, it is not correlated to the crypto-currency market, or the stock market for that matter. This makes it great when building a diversified portfolio of crypto assets. With that said, you shouldn't expect 10,000% APY with this one, it's meant to grow at the speed of inflation, so currently that's about 7% per year, but somehow the token's price has been falling in the past 6 days which shouldn't happen. So, although it's a great concept, looks like they failed to make it work properly.
If a token like this ever get built and work correctly that means that web3 founders can rely on such a token for their liquidity pool instead of USD-pegged stablecoin that lose value constantly. For traders, a flatcoin would also be an ideal refuge asset instead of gold or US currency. Show Less
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