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What is NOTA?
A digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit.
The innovation of blockchains is an auditable and cryptographically secured global ledger.
Asset-backed token issuers and other market participants can take advantage of blockchain technology, along with embedded consensus systems, to transact in familiar, less volatile currencies and assets.
Full description of NOTA
A digital
Token (?) backed by
Fiat (?) currency provides individuals and organizations with a robust and
Decentralized (?) method of exchanging value while using a familiar accounting unit.
The innovation of blockchains is an auditable and cryptographically secured global ledger.
Asset-backed token issuers and other market participants can take advantage of
Blockchain (?) technology, along with embedded
Consensus (?) systems, to transact in familiar, less volatile currencies and assets.
In order to maintain accountability and to ensure stability in
Exchange (or Cryptocurrency exchange) (?) price, we propose a method to maintain a one-to-one reserve ratio between a
Cryptocurrency (?) token, called USNOTA, and its associated realworld asset, fiat currency.
This method uses the XinFin Network (XDC) blockchain, Proof of Reserves, and other audit methods to prove that issued tokensare fully backed and reserved at all times.
- Exchange symbol (?): USNOTA
- Cryptocurrency type (?): Token (?)
NOTA for developers
NOTA social sites
Source: NOMICS