Ndau Announces Upcoming Listing on Bittrex Global Exchange

Guest Author Press Release published March 5, 2021 | modified March 5, 2021

Ndau Announces Upcoming Listing on Bittrex Global Exchange

Per ndau, the currency’s appeal comes from its flexibility. Built by Oneiro, it uses the Tendermint protocol and is compatible with the Cosmos Network for the development of DeFi applications. 

Designed with built-in economic structures that incentivize both stability and potential for growth, ndau also provides all the benefits of a digital currency while promoting more fair and accountable governance, dependability, and greater safety for owners that is not found in other cryptocurrencies. Ndau is not pegged to fiat currencies or commodities, which allows for more desirable characteristics for long-term holders in particular. 

One way ndau achieves adaptability is through the implementation of demand-driven supply. No new ndau is issued until supply is exceeded by market demand. This way, its price is paced safely through a predetermined curve. Ndau also applies a mechanism that prevents massive sell-offs. An escalating burn fee is triggered every time ndau’s market price drops more than 5 percent. This is designed to stabilize downward market pressure.

Additionally, it is built on an efficient Delegated Proof of Stake consensus algorithm that incentivizes long-term holders. Besides the improvements this brings to the overall scalability of the network, it also means users can stake their holdings in exchange for passive income. These staking bonuses are received from simply locking ndau in their own wallets and reach up to 15 percent per year when locked for three years. Different from other programs, ndau stakers don’t need to rely on third-party services to hold and stake their assets.

“As the mainstream mass market adopts currencies like bitcoin and ether, ndau is a wonderful portfolio complement to these more volatile currencies since it enables the same growth potential in a paced and stabilized way. The yields provided thanks to a next generation Delegated Proof of Stake implementation with native in-wallet locking are a feature long-term holders will also appreciate,” said Oneiro Director Robert Frasca.

Ndau is designed to be a decentralized and trusted ecosystem where holders digitally self-govern. The network is governed by the Blockchain Policy Council which consists of regularly elected delegates that oversee operations and ndau’s monetary policy.

By participating in Bittrex Global’s $600 million daily trading volume, ndau introduces traders to a hedge against volatility that is also a sustainable store of value. The asset is currently priced at $17 with a market capitalization of $82 million. Bittrex Global has one of the most secure trading platforms and digital wallet infrastructures in the world where customers can access exciting new products.  Built on Bittrex’s cutting-edge technology, the exchange provides a high-level experience for professional and novice customers alike.

Post your comment...
Guest Author 648 Articles
This author could be anybody, but he/she is not a member of staff coingape.com and opinions in the article are solely of the guest writer and do not reflect Coingape's view.
Follow Guest @