NuBits Seeks to End Cryptocurrency Volatility with USD Peg
On September 23, Peershares launched NuBits, a digital currency developer Jordan Lee claims will remove the volatility associated with cryptocurrency prices. NuBits hopes to accomplish price stability by separating the coin's currency and voting mechanisms, which will allow developers to tie the currency's value to the value of United States Dollars at a 1:1 ratio. Lee believes NuBits will appeal to potential cryptocurrency users because it will allow them to know the dollar-value of their coins without having to perform mathematical calculations. NuBits Project Launches. NuBits. On....
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NuBits is a new cryptocurrency from Peershares developer Jordan Lee. The coin's mission is to eliminate price volatility by pegging coin value to the value of the U. S. Dollar and adjusting coin supply to match investor demand. NuBits launched on September 23 with the goal of creating a currency with a stable price. NuBits accomplishes this by adjusting the coin supply to match investor demand, rather than letting the markets control the price. NuBits debuted fairly high on the coin market cap charts, and though the sample size is incredibly small, the NuBits market cap has remained steady....
Last week, Peershares lead developer Jordan Lee announced his semi-secret project, NuBits, would release on September 23. He revealed few details about the project, but investors began buying Peercoin in anticipation that NuBits would increase Peercoin's value. However, once investors realized NuBits is an entirely new altcoin and will have little effect on Peercoin, the Peercoin price began to fall back to earth. CCN analyzes this altcoin price movement to help investors make informed trading decisions. Peercoin Price Falls Back to Earth. Peercoin. On September 15, the Peercoin price fell....
After undergoing a decline for most of the year, the Peercoin price catapulted by nearly 40% in a single day. The impressive price increase followed the announcement of a release date for a secret project that will purportedly reduce Peercoin volatility. Many investors have placed speculative investments in Peercoin, but is this a good idea? CCN examines the massive Peercoin price rise to help investors make informed trading decisions. Peershares Creator Jordan Lee Announces Release Date for Secret Project NuBits. For the majority of 2014, the Peercoin price trended steadily downwards.....
An exchange that simplified interchangeability between multiple cryptocurrencies has received $1.6 million in new funding. Dubbed as ShapeShift.io, the reputed and renowned cryptocurrency converter offers more than 35 altcoins, including the likes of Bitcoin, Litecoin, Dogecoin, Dash, Ripple, Clams, NuBits and many others. The exchange comes handy for users who wish to instantly hedge their primary cryptocurrency funds into some other altcoin, for various purposes. For instance: NuBits is one of the only cryptocurrencies whose value is pegged to the dollar. In simple words, it is....
Exco.in, the real-time altcoin exchange developed and run by Blackwave Labs, has opened its first NuBits (NBT) trading market, allowing users to trade bitcoin against a United States dollar pegged crypto-currency. NuBits uses trading bots operating across all known exchanges to effectively 'peg' the price of 1 NuBit at $1 USD. This means that users get all of the advantages of a crypto-currency with all the stability and security of a major fiat currency. In addition to maintaining this peg, NuBits trading bots will also provide liquidity to the new market on Excoin. The main advantage of....