New | Neutral stablecoin collateralized by DAI, TUSD, PAX, and USDC on imToken
imToken is supporting Neutral Dollar (NUSD) and the DApp that helps you create it!
Neutral is an open financial protocol, that recently launched Neutral Dollar (NUSD). We are very happy to support Neutral stable coin as well as the Neutral DApp in our imToken wallet.
Neutral Dollar is an aggregated basket of stablecoins, currently pegged to DAI, TUSD, PAX, and USDC. The result is lower volatility, increased liquidity, and increased transparency when compared to other stablecoins on the market. Neutral Dollar’s value is maintained by a unique economic mechanism, which rebalances the composition of the basket in reaction to price fluctuations and enables on-chain swaps between stablecoins within the basket.
How to exchange multiple stable coins for NUSD
To take advantage of differing prices for the same stable coin you can exchange it for NUSD. Learn how to do that below.
Step 1: Getting Started
First, you will need to go to the Neutral portal. You’ll be greeted with the following login screen.
Step 2: Connect Your Wallet
Connect ImToken or your hardware wallet (Ledger) to get access to the Neutral Portal.
Step 3: Convert into and out of Neutral Dollar
You would be able to receive real-time price feed for Neutral Dollar and flexibility to trade on NUSD >> Component Stablecoin or Component Stablecoin >> NUSD anytime
Step 4: Maintain Neutral Dollar
NUSD portfolio would always be fully collateralized 24/7 and transparently shown on Ethereum network or presented in a simple visualization via the Neutral portal
Walk through the video for more details.
Download imToken on your favorite app store, and check it out!
Neutral and imToken
We will work together on the secure token storage, native support for Neutral Dollar access, and continue our broader stablecoin education. This relationship is designed to connect the unique stability that Neutral dollar offers, with the secure multi-chain asset management offered by the imToken wallet.
Ben He, Founder and CEO of imToken, said, “We are pleased to announce the integration of Neutral Dollar (NUSD) to the imToken wallet, introducing our user base to a next generation stablecoin that offers the highest level of stability. This represents the latest step in our mission to extend the reach of cryptocurrencies as far and wide as possible, while upholding the values of security and efficiency.”
Matthew Branton, Chief Technology Officer at Neutral, and architect of Neutral Dollar, commented on the partnership, ”We are optimistic about this new partnership, as it enables users to interact with Neutral dollar in a trusted, secure and industry-leading wallet. This is a milestone in the development of our project and we are excited to see where this partnership will take us.”
About Neutral
Neutral, founded in 2018, is a smart contract system offering superior financial instruments to the cryptocurrency space. Leveraging proven investment concepts, Neutral builds upon existing infrastructure to facilitate growth in the cryptocurrency and blockchain industry.
Neutral’s first product, Neutral Dollar (NUSD), is an aggregated basket of stablecoins, resulting in a superior digital dollar which has lower volatility, increased liquidity, and increased transparency when compared to other stablecoins on the market.
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. For more information, visit the website or follow Neutral on Twitter, Medium, or LinkedIn.
About imToken
imToken is the world’s largest Ethereum digital asset wallet, whose users produce ~10% of all Ethereum transactions. imToken provides access to Ethereum、BTC、EOS、Cosmos.
Our amazing new imToken 2.0 International introduces features, such as:
- Use Face-ID and fingerprint to send BTC Segwit, ETH, EOS, COSMOS transactions to friends via the decentral address book (synchronized over IPFS)
- Earn by staking on Cosmos & Loom or earning interest on Compound
- One-Click trade on the native Decentralized Exchange: Tokenlon
- Store your tokens securely on your old mobile phone using the secure Cold Wallet setup or get imKey
- Check out DApps in the open DApp browser
