What Is ndau (NDAU)?

ndau aims to be the world’s first adaptive digital currency, designed with a goal of a long-term store of value with staking income. According to the platform whitepaper, NDAU is the native currency of ndau blockchain, and it falls under the category of stablecoins. A stablecoin refers to a digital currency whose price is fixed to a government authorized currency. The thought behind developing ndau is to aim to address volatility while having the ability to rise in price with increasing demand. To simply understand this concept, if the price of a currency stays stagnant and never increases, the currency loses its value due to inflation. ndau, on the other hand, has aimed to develop a way to increase over time in an organized manner. This method of managing rise in price with increasing demand and reduced volatility is called buoyancy. Buoyancy functions on incentivizing its users for holding ndau tokens for a long-term basis. Additionally, the ndau ecosystem has integrated unique mechanisms that are designed to behave according to the real-time supply and demand environments.

In addition, the governance of the ndau ecosystem is handled by the ndau token holders. The network token holders seek to help elect delegates for functioning the Blockchain Policy Council (BPC). Blockchain Policy Council (BPC) is a result of the ndau Collective, which creates a self-governing ecosystem. Moreover, the BPC is designed to oversee ndau’s operating policies along with monetary policies.

The ndau ecosystem seeks to consist of three primary elements that aim to make it unique:

• ndau Token: The ndau token is an amalgamation of aiming to offer staking income and buoyancy to its users. Buoyancy allows ndau to rise while mitigating downside volatility. The ndau token seeks to provide the network users with governance rights, stability, and dependability.

• ndau Staking: Holding the ndau tokens can simply earn staking income for the network users. One can hold ndau in an ndau wallet for a specific period of time to earn added incentives and bonuses. As the website cites, users can earn +13% ndau by locking their ndau wallet for 1 year.

• ndau Wallet: ndau wallet app is developed to seek to provide a secure and easy way for managing the ndau tokens. This wallet app allows the users to create unique addresses to use with ndau digital currency for safe transactions.

History of ndau (NDAU)

An anonymous group of Bitcoin enthusiasts and professionals with expertise in economics, monetary policies, cryptography, and computer science came together to create the ndau Collective. Additionally, the Axiom Foundation, known as an Isle of Man entity, is the creator of ndau.