The World’s First “Buoyant” Coin Optimized for Long-term Store of Value

New Partnership

Oneiro NA Inc. has just announced the launch of ndau. A press release obtained by BlockTelegraph touts the coin as “the world`s first buoyant digital currency that is optimized for the long-term store of value.”

Headquartered in Boston, Massachusetts, Oneiro NA Inc. completed its equity sale round which was backed by COSIMO Ventures. To date, it has successfully sold nearly US$ 15 million dollars of ndau in private sales. Robert Frasca, the Managing Partner at COSIMO Ventures is enthusiastic about the partnership. According to Frasca, “COSIMO Ventures is a team of highly experienced former entrepreneurs who invest in the tech space, and we currently focus on blockchain projects that have something really unique to offer. We surveyed the landscape of cryptocurrencies, and we invested in Oneiro because the ndau coin is leveraging blockchain technology to create a really groundbreaking buoyant currency. Ndau challenges many of the assumptions held by current cryptocurrency thought leaders today, especially in the realms of digital governance and combining value growth with stability.”

Oneiro invested in Ndau because the coin is leveraging blockchain technology to create a groundbreaking buoyant currency. Ndau challenges many of the assumptions held by current cryptocurrency thought leaders, especially in the realms of digital governance and combining value growth with stability.

buoyant
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Unique Features of Ndau

Ndau is a unique un-pegged digital currency that incorporates built-in governance, dependability, stability and growth incentives. It was originally formulated by the ndau Collective Group. The group constitutes of over 20 leading experts from world-class institutions such as New York University, Columbia University, Carnegie Mellon, Goldman Sachs, MIT and the University of Chicago. The experts specialize in disciplines ranging from cryptography, economics, monetary policy, and computer science.

Unlike a typical stable coin, Ndau is not pegged on any commodities or fiat currency. Stable coins are subjected to influences from institutions which lead to inflationary policies which erode over time. This may not prioritize the interests of long-term holders.

Also, ndau is governed by a Blockchain Policy Council (BPC). This is a group of digital delegates who are continuously elected by Ndau holders and held accountable to the interests of the entire ndau ecosystem. The BPC monetary policy fosters a pro-growth environment for the value of ndau while mitigating its downside volatility.

The economic controls and incentives built into ndau blockchain design aid in improving on both digital predecessors and traditional non-digital currencies. These innovations provide a combination of features not found in existing cryptocurrencies. These include reduced volatility, digital governance, long-term dependability, and value appreciation potential.

Jim Kent, the CEO of Oneiro NA Inc. noted that While other cryptocurrencies have achieved an impressive rate of growth, their volatility has presented a barrier to mainstream adoption, warding off many institutional and retail investors from entering the market. In order to move towards acceptance of a decentralized digital monetary system, we must address the problems of governance, stability, and dependability that limit wider acceptance of cryptocurrencies, especially for a long-term store of value. We are thrilled to have built a truly resilient, global digital currency that will address these issues.”

Additionally, Ken Lang, a technology pioneer and an early member of the Ndau Collective said, “When a group of early bitcoin enthusiasts came together a few years ago to map out the biggest limitations to wide adoption of cryptocurrencies, it was clear that those looking to use crypto for long-term value storage had problems that weren’t being addressed. Ndau was therefore created as a solution to these problems.

More information about the coin can be found at the company`s website.

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Grace Muthoni
Grace Muthoni is a Staff Writer for Block Telegraph. She is a Crypto Enthusiast and covers topics relating to the digital currencies and the Blockchain. She studied Economics and is well vested with numbers, statistical analysis, data presentation and quality content writing.

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InstaSupply to Join Sweetbridge Alliance in Finance-Tech Partnership

Sweetbridge Alliance

A Move That Makes Sense

The global system Sweetbridge has announced that it has added InstaSupply to its Sweetbridge Alliance network of financing for supply chains, allowing it to resell Sweetbridge technologies officially.

The alliance will also mean that InstaSupply can provide these services more effectively than trade financing from traditional banking institutions.

“Sweetbridge’s blockchain liquidity protocol enables us to offer the most competitive supply chain finance solution to SME businesses,” said InstaSupply CEO Lee Pruit. “This is a massive differentiator compared to traditional financial institutions and incumbent technologies, and is a game-changer for us and the suppliers we work with.”

Sweetbridge chairman and founder Scott Nelson said that Pruit’s experience in business supply chains, along with InstaSupply’s vast customer network, made a combination with Sweetbridge’s Liquidity Protocol a sensible move. Nelson said the partnership will enable organizations to be paid instantly with improved terms and continue pushing for even better methods as time goes on.

Improving Services in Tandem

Sweetbridge is an international network of blockchain, finance, and software experts. The company describes itself as a platform dedicated to combining modern blockchain principles to the concrete factors of these industries. Its goal is to tackle the issues that make finance less efficient, such as legal technicalities and other problems.

InstaSupply Sweetbridge Alliance
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Image Credit: InstaSupply/Twitter

Sweetbridge is known for improving transparency in worldwide supply chains. Now, it can take advantage of InstaSupply’s contributions to financing and digitizing the supply chains of midsize businesses using blockchain tech.

The two organizations are already known for their long-term efforts to lower the costs of capital and speed up suppliers’ payments cycles, as well as for their blockchain technologies. Both companies say that this is a sensible move toward furthering those goals.

InstaSupply is a software company whose purpose is to modernize business functions in a streamlined online platform. The company’s business-to-business customer network consists of companies ranging from $30 million to $2 billion in annual revenue. The company possesses a growing customer base and serves an international clientele of more than 2,300 businesses.

In addition to its resources, InstaSupply will now be an official reseller of Sweetbridge’s Liquidity Protocol. This will give InstaSupply the opportunity to settle supplier invoices instantly and authenticate them in real-time. Currently, the cloud-based company settles tens of millions of supplier transactions every year for its customers. This new partnership will allow InstaSupply to take advantage of Sweetbridge’s protocol technologies. This will provide companies and suppliers with access to capital at lower costs. They also can take advantage of improved terms, quicker response times, and better overall capability.

The companies in tandem will take on the Sweetbridge Alliance Network, as well as the Accord Project and Mattereum, network platforms managing the legalities of blockchain contracts. Nelson says they aim to continue to improve their combined services on these platforms to more effectively bring blockchain into the broader world of business.

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MovieCoin Open Doors for Investing in Hollywood

MovieCoin could fund new Hollywood films.

MovieCoin Begins Public Pre-Sale

Last November, Christopher Woodrow, the producer of six Oscar-winning films, claimed that blockchain technology will disrupt Hollywood as it has other industries. He is one of the first people to become part of this disruption, launching a distributive-technology-based token named MovieCoin.

MovieCoin has begun its public presale for security and utility tokens. The firm expects to make about $470 million via the public presale, which follows a private presale capped at 2,000 Bitcoin (BTC).

During the public presale, the company will accept BTC, BKX, and Ethereum tokens with a minimum commitment set at 5 Bitcoins or equivalent and a hard cap of 10,000 BTC. Simultaneously, the firm will issue security and utility tokens during the presale: MovieCoin Smart Fund (MSF) Security Token and MovieCoin Utility Token (MOV).

MovieCoin logo
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Image Credit: MovieCoin / movie.io

The company plans to make $220 million by selling two billion MovieCoin Utility Tokens at $0.11 per token and $250 million by selling 250 million MovieCoin Security Tokens at $1 per token. The company is offering an incentive to initial investors in MovieCoin Utility: a bonus up to 25% of the quantity purchased. The public presale will run until October 30 at midnight Pacific time.

The BKX tokens are issued by BANKEX, a global top-20 financial tech company working on Proof-of-Asset Protocol for MovieCoin. Since BKX tokens are a variation of the ERC-20 utility token linked with the blockchain of Ethereum, they will provide an extra 5% bonus rate.

MovieCoin’s Vision

MovieCoin is a next-gen fintech firm focusing on leveraging proprietary applications, digital assets, and blockchain technology to disrupt the film and entertainment industry, as well as become the leading entertainment transaction and settlement platform for consumers and businesses. It wants to become the standard currency for funding television, motion pictures, and other media.

Woodrow plans to use the raised funds for making movies. Tokens issued by MovieCoin can be traded in the secondary market, offering opportunities for investors to profit with film successes. After the public presale concludes, the company will sell public tokens from November 1 through 25 that require no minimum contribution.

In an interview with Bloomberg, Woodrow said, “We’re trying to revolutionize the way films are financed. Hollywood is relationship driven and what we bring to the equation is the ability to gain access to the highest levels of film finance. We’re in the process of putting together a slate of projects that will include A-list movie stars, top-tier directors, seasoned and established producers, and that will form the initial slate for MovieCoin.”

MovieCoin says that its token-based financing system will provide a transparent ledger of everything that goes into financing each film project. Since tokens are infinitely divisible, they will be highly liquid as compared to other investments. There are also plans to sell tokens allowing consumers to get movie tickets, along with buying or renting films and TV series in various ways. All of these options will allow film enthusiasts more control over how they consume their entertainment.

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