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Nuon

Nuon NuonPrice N/A

Nuon Price

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General Info

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# Inactive

Description

Nuon is the first independent, overcollateralized and decentralized flatcoin pegged to the value of unbiased inflation, protecting purchasing power.

Nuon (Nuon) Chart

Nuon price Index provides the latest Nuon price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

All Time High

$ 5.00

2 Nov 2023


All Time Low

$ 0.560

3 Nov 2023

Trending Nuon Fiat Pairs

What is Nuon (Nuon)?

Nuon is the world’s first true decentralized flatcoin — a stablecoin with a price peg that rises and falls with inflation rates, shielding holders against loss of value from inflation.

Current daily inflation levels are measured by Truflation, an independent inflation index oracle. Truflation calculates the Nuon peg daily and shares it with the Nuon protocol, which uses over-collateralization and arbitrage to maintain the peg while offsetting inflation for Nuon flatcoin holders.

Nuon can be minted within the Nuon Protocol by depositing approved cryptocurrency collateral. Presently, Nuon exclusively supports ETH as collateral, requiring a minimum collateral ratio of 130%. This guarantees over-collateralization for minted Nuon, maintaining a stable peg. As more collateral types are integrated, a dynamic collateral ratio will be implemented, tailored for each token.

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