KuCoin is extremely proud to announce yet another great project coming to our trading platform. Neutral Dollar (NUSD) is now available on KuCoin. Supported trading pairs include BTC/NUSD and USDT/NUSD.
Please take note of the following schedule:
- Deposits Effective Immediately
- Trading: 18:00 May 20, 2019 (UTC+8)
- Withdrawal: 18:00 May 22, 2019 (UTC+8)
Neutral Dollar (NUSD) Introduction:
The Neutral Dollar (NUSD) is a metastable basket initially comprising of USDC, PAX, TUSD, and DAI. The NUSD basket itself is fully collateralized and inter-exchangeable with constituent stablecoins, with the ability to add new underlying stablecoins in the future. The construction is designed to be liquidity- and exchange- neutral, enabling the Neutral Dollar to have merits and applications that no individual stablecoin project alone can exhibit. The Neutral team believes the NUSD is a compelling use case for a more stable instrument for trading, hedging and investing — and also a way to facilitate broader stablecoin usage for users to serve every stablecoin need.
In addition to KuCoin, the Neutral Dollar is accessible through a web client supported by MetaMask and ImToken. Further integration will be rolled out to several wallets such as Bixin, Infinito, etc. Nexo Earn will also support Neutral Dollar in a pilot program where users can earn 6.5% interest on their deposits.
- Superior ‘metastability’ from an empirical and theoretical standpoint for all stablecoin use cases
- Innovative economic mechanism to aggregate liquidity for the underlying assets
- Access to change between diversified and individual stablecoin exposures for any specific application
- Autonomous, decentralized rebalancing of collateral through user participation
- Real-time transparency and verifiable on-chain settlement with better scalability
Neutral Website: https://neutralproject.com/
Neutral Dollar: https://neutralproject.com/download.html
Neutral, founded in 2018, is a smart contract system offering superior financial instruments to the cryptocurrency space. Neutral’s core team comprises of experienced investors, quantitative traders, trading system developers, and is advised by Nobel Prize economists and financial industry experts. The company is backed by Sequoia Capital China and has offices in San Francisco, New York, and Beijing.
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence there are still risks when investing. KuCoin is not liable for investment gains or losses.
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Want to know more about Neutral? Learn more:
Originally published on KuCoin on May 17, 2019.