SUPPLY ABSORB IN ACTION

Nguyễn Bình Minh
NextyPlatform
Published in
1 min readJul 1, 2019

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Stablecoin is now an irresistible crypto trend partially because of the urgent requirement to adapt to daily transaction demands and regulations. Last year, Nexty declared our plan to create a stablecoin of our own that can satisfy both traders and investors via “absorption mechanism” and we are still on track.

Now, you can track our progress via certain criteria of the statistics here:
>>> Stats link: http://stats.devnet.nexty.io/

In the stats:

  1. STABLECOIN SUPPLY: The amount of NEWSD available on the market
  2. REMAIN TO ABSORB: The remain percentage of NEWSD need to be absorbed
  3. ABSORBED/BLOCK: The amount of NEWSD absorbed in the given block
  4. MARKET PRICE DEVIATION: The market price deviation of NEWSD (away from $1)
  5. MEDIAN PRICE DEVIATION: The median price deviation of NEWSD (away from $1)

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