BitMart Lists ndau (XND)
Dear BitMart Users,
ndau (XND) is now listed on BitMart with XND/USDT trading pair open. Please note that deposit, trading, and withdrawal functions of XND are available now.
We are making this decision according to BitMart Listing Criteria and the local rules and regulations in areas where we operate. We have been strictly enforcing our listing criteria to make sure that the projects we introduce to all BitMart users are secure, compliant, and innovative. We are persuaded that XND meets these criteria of BitMart. We also took tremendous time and effort to develop our own compliance review system to make sure that our listings of certain tokens/coins do not run afoul of local laws. finally decided that listing XND is in compliance with local rules and regulations in areas where we operate.
Meanwhile, any inquiries, concerns, and questions with regard to our listing decision, either from authorities, social organizations, or individual users, are sincerely welcome, and we will revisit our listing process on a fully-informed basis. You may submit the inquiry or email support@bitmart.comand we will get back to you promptly.
ATTENTION: This announcement is only intended to be a legal disclosure to BitMart users. This is not investment advice, or an endorsement by BitMart as to the intrinsic value of a digital asset, or a commitment by BitMart team to support any specific asset/token that the announcement pertains to.
Highlights of ndau, designed for the long-term store of value
1. Pre-Determined Price Curve For New Issuance –
ndau is subject to a monetary policy such that the price of ndau has the ability to rise with increasing demand in order to maintain its value while mitigating downside volatility. ndau achieves its “buoyancy” by providing long-term incentives to hold along with built-in, dynamic monetary policy mechanisms based on real-time supply and demand conditions.
New ndau are issued and sold on a pre-determined price curve (figure below) that encourages both early adoption and long-term retention. A finite amount of ndau (1,000) is released at each price level. New issuance occurs whenever market demand outpaces market supply and warrants ndau at the next price level.
2. Additional Incentives for Holding — 13% annualized for 1-year lock
Make your ndau work for you. Transfer ndau into the secure, digital wallet app for long-term holding and earn extra ndau through Ecosystem Alignment Incentives of up to 10% and an additional allocation of up to 5% by locking ndau over a specified duration. To support ndau’s monetary policy, holding ndau for not less than one year presently entitles holders to additional ndau at a rate of 13% annualized.
BitMart Team
May 22, 2019
