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Author Topic: [ANN] NOLLAR - first USD stablecoin with instant & feeless transactions  (Read 17275 times)
codesuela
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October 27, 2018, 01:28:37 PM
Last edit: January 30, 2019, 01:11:16 PM by codesuela
 #1



        The NOS Project - Asset tokenization with instant, feeleess & green transactions.


        Our [NOLLAR] is the world's first instant, feeless and green stablecoin.

        Features:


        🔳 1:1 backed by USD
        🔳 USD is kept with licensed & regulated trust company, similar setup than TrueUSD, Gemini, Paxos, USDC
        🔳 NOS does not have access to USD, only holders of NOLLAR
        🔳 redeemable & audited
        🔳 Blocklattice transactions require 8 mio times less energy than BTC
        🔳 based on fork of Nano
        🔳 instant, feeless & green transactions
        🔳 price stable due to redeemable peg, which creates arbitrage opportunity for market makers







              Our [NOS] is the native cryptocurrency of the decentralized NOS Network

              NOS (XNOS) allows for instant and feeless value transfer. The NOS (XNOS) cryptocurrency has a max supply of 1 Billion NOS (XNOS) that will ever be created. The NOS project give NOS "added value" by effectively burning 20% of all NOS used via direct conversions from Nollar to USD / USD to Nollar on exchanges that use the NOS fiat gateway. Users of Nollar can reduce the conversion fee of 0.4% by 50% if they hold an equal amount of NOS. The burning of NOS (XNOS) in the conversion process make its native currency hyper-deflationary.

               Features:


              🔳 Decentralized cryptocurrency of the NOS network
              🔳 Limited to 1 Billion maximum supply (1.000.000.000 NOS)
              🔳 Instant & feeless transfer & store of value
              🔳 Eco-friendly (NOS (XNOS) and Nano are the most energy efficient cryptocurrencies on the market)
              🔳 Utility (Minimum redeemable value of 0.012$ garanteed when used for Nollar/USD-USD/Nollar conversions. User saves 50% when holding NOS.
              🔳 Hyper-deflationary (added value by NOS project. 20% of all NOS used in Nollar/USD-USD/Nollar conversions will be permanently burned from its supply.







              Introduction



              NOS is an asset tokenization platform with instant, feeless and green transaction. All assets are 100% backed, redeemable and audited. It will revolutionize asset tokenization by being the only platform offering instant, feeless and green transactions.

              NOLLAR is a fork of Nano (Raiblocks) so inherits the speed and infinitely cheaper transaction costs that it’s famous for.


              The key use cases for the NOLLAR stablecoin are:



              🔳 Cross border payments
              🔳 Providing people in emerging markets access to price-stable USD
              🔳 Remittance
              🔳 IOT trustless and automatic settlement with pay per usage/unit
              🔳 Trading on exchanges
              🔳 Arbitrage trading between exchanges
              🔳 Free & instant P2P payments
              🔳 Traceable charity donations


              The key use cases for NOS (XNOS) are:



              🔳 Decentralization
              🔳 Utility (added value through Nollar)
              🔳 Store of value through hyper-deflationary model & limited max supply (added value)
              🔳 Free & instant P2P value transfer
              🔳 Remittance
              🔳 Trading on exchanges
              🔳 Arbitrage trading between exchanges
              🔳 Traceable charity donations



              In order for cryptocurrencies to be accepted into the mainstream the fundamental problems of transaction fees, transactions time, volatility and customer experience must be solved.
              The current focus is on circulation growth, price-stability, usability for everyday transactions, community driven marketing by people in emerging markets. Easy to use wallets that can be used by the average consumer.

              Technical details:





              Hardware Wallet NOS/Nollar

              Ledger Nano S (Nollar supported since January 8th 2019)
              Ledger Nano S (NOS coming on February 8th 2019)

              Desktop Wallets Nollar

              http://my.nollar.org
              https://wallet.nollar.org

              Desktop Wallets NOS

              https://vault.nos.cash

              Mobile wallet NOS/Nollar

              Android v.1 (Google Playstore)


              Block-lattice explorer Nollar: https://scan.nollar.org/

              Block-lattice explorer NOS: https://nos.nanocrawler.cc
                  

              Exchanges & Markets Nollar


              Nollar Buy/Sell: www.nollar.org  
              Troca.ninja Exchange: http://troca.ninja
              MSC Stablecoin Exchange: http://msc.exchange/

              Exchanges NOS

              PMP NOS-X: https://discord.gg/tFJn6Ah



              Website & social media of NOS/Nollar:

              🔳 Main Website: http://nos.cash
              🔳 NOLLAR Website: http://nollar.org
              🔳 Wiki (FAQ): http://nollar.how/
              🔳 Whitepaper: https://docsend.com/view/k9hyw3f

              🔳Discord: https://discord.gg/gcM3rnw

              🔳Telegram News Channel: https://t.me/noscash

              🔳Telegram Interactive Group (English): https://t.me/joinchat/IWiyRk5TJ8eFzMVCzQfTdg

              🔳Reddit NOS/Nollar: https://www.reddit.com/r/NOLLAR/

              🔳Medium: https://medium.com/@nos.cash

              🔳Telegram (ES): https://t.me/NOS_NOLLAR_ES

              🔳Telegram (Italy): https://t.me/joinchat/IWiyRlRsUCTqvOLa3MI1UA

              🔳Telegram (France): https://t.me/joinchat/IWiyRkUfrtwpUOrxQv4C3Q

              🔳Telegram (Vietnam): https://t.me/joinchat/IWiyRlHQeaSFWYjUQe8tbQ



              Want to contribute to the NOS/Nollar eco-system? Simply contact our COO @massi_nos on Telegram!










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              ninavera
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              October 27, 2018, 03:06:01 PM
               #2

              I downloaded and installed the wallet. Already even received a bounty coin. The wallet is very fast, easy to use and understandable even to beginners.

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              October 27, 2018, 03:24:38 PM
               #3


              Minimum fee is better but feeless is something we have been looking for in crypto, this should be one of the project that is going to be supported however though there would be no reason for users to hold the token after all, nothing makes its price to go high. Take for instance BTC, it was wasteful coin when it comes to resources, miners will have to pay huge for their electricity bill but that also makes its price go up because not all of them are going to sell their mined coins for a low price.

              How do you make this USD stable?


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              aprilnot
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              October 27, 2018, 04:01:50 PM
               #4

              stable coin in the Nano network, not bad hopefully this project can be number one replacing tether.

              because I like Nano maybe I will support this project.

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              October 27, 2018, 04:33:30 PM
               #5

              one more stable coin project ... good luck guys

              My advice for the devs team should be to move quickly to register their coins in the big markets so that their projects are more attractive.

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              October 27, 2018, 05:49:12 PM
               #6

              how is NOS connected with NOLLAR?
              bruges
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              October 27, 2018, 07:42:29 PM
               #7

              how is NOS connected with NOLLAR?
              NOLLAR is a stable coin backed by USD 1:1.
              NOS is utility token, it can be used to pay fees when you want to convert NOLLAR to USD.
              lapyshka
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              October 27, 2018, 08:03:56 PM
               #8

              I downloaded the wallet. Everything is simple and clear. I like that the NOS platform offers instant, sensual and green transactions.
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              October 27, 2018, 09:38:34 PM
               #9


              Minimum fee is better but feeless is something we have been looking for in crypto, this should be one of the project that is going to be supported however though there would be no reason for users to hold the token after all, nothing makes its price to go high. Take for instance BTC, it was wasteful coin when it comes to resources, miners will have to pay huge for their electricity bill but that also makes its price go up because not all of them are going to sell their mined coins for a low price.

              How do you make this USD stable?
              Exactly ,my question. Even USDT which has been the safe haven for investors in times of price fluctuations hasnt found it easy being  stable coin and we just it hit a low some weeks back. So i also wonder how they will make the Nollar stable.

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              October 27, 2018, 11:18:53 PM
               #10

              Interesting opportunities are presented. Now many projects are aimed at developing faster transactions than bitcoin. I think we need to study this project in more detail. Because I know nothing about these exchanges.

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              October 28, 2018, 04:10:15 AM
               #11

              There are many "stablecoin" now, but we still need a real-stable coin. USDT Tether is the first "stable" coin in the market but its price is not really stable when it dropped from ~$1 to ~$0.85 last two weeks.
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              October 28, 2018, 08:04:23 AM
               #12

              one more new stable coin based in usd I really appreciate this and with Daniel Jan Neetzel as Cofounder & CEO, seems to need support. but why Frederik Jeger as Chief Blockchain Engineer didn't get a photo profile and link on linkedin? this will affect team transparency I think.
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              October 28, 2018, 08:13:49 AM
               #13

              one more new stable coin based in usd I really appreciate this and with Daniel Jan Neetzel as Cofounder & CEO, seems to need support. but why Frederik Jeger as Chief Blockchain Engineer didn't get a photo profile and link on linkedin? this will affect team transparency I think.

              To create a popular and reliable stable coin, two conditions are necessary: good specialists in technology, because the network must work always and everywhere, even small interruptions in the network are unacceptable, because it is a quiet gawk during financial storms. And the credibility of the team is necessary, because customers will trust these founders with their dollars). The command must be transparent, there can be no exceptions...
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              October 29, 2018, 07:36:39 AM
               #14

              from the incident experienced by the USDT or tether yesterday, it is not always stable coins that the price will always be stable or can be based on 1USD.
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              October 29, 2018, 06:20:36 PM
               #15

              I feel that adding a local group of other languages is very much needed in the NOLLAR project because this project, there are still many people who don't know it yet.
              I think NOLLAR will make it soon


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              StoneSoup
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              October 30, 2018, 12:38:07 AM
               #16

              This is interesting but I think you could do a better job explaining it. For instance, NOS is a utility token.

              It gives a 50% discount on conversion from/to USD/Nollar??
              How does that work, is it 1 token per 50% discount? So if I want to convert 10 Nollars to USD I need 10 NOS to get 50% discount n the fees.
              What are the fees and how are they regulated and who decides this?

              Where can I buy NOS? How much are they currently costing? Can they even be traded?

              How many NOS are there going to be at maximum?

              Are you planning to burn them as part of the fees, I think I saw something like 20% of NOS will be burnt with each transaction?

              How will that help since they will only ever have vale of 50% of current fee?

              Maker have a new tech about to arrive that will allow ~500 transactions for 1 us cent making feeless seem less of an attraction with the conversion to/from USD costs of this coin.

              This all sounds good in principal but seems to be full of holes. This causes lots of red flags to go off for me.

              Please set me straight.
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              October 30, 2018, 08:20:30 AM
               #17

              This is interesting but I think you could do a better job explaining it. For instance, NOS is a utility token.

              It gives a 50% discount on conversion from/to USD/Nollar??
              How does that work, is it 1 token per 50% discount? So if I want to convert 10 Nollars to USD I need 10 NOS to get 50% discount n the fees.
              What are the fees and how are they regulated and who decides this?

              Where can I buy NOS? How much are they currently costing? Can they even be traded?

              How many NOS are there going to be at maximum?

              Are you planning to burn them as part of the fees, I think I saw something like 20% of NOS will be burnt with each transaction?

              How will that help since they will only ever have vale of 50% of current fee?

              Maker have a new tech about to arrive that will allow ~500 transactions for 1 us cent making feeless seem less of an attraction with the conversion to/from USD costs of this coin.

              This all sounds good in principal but seems to be full of holes. This causes lots of red flags to go off for me.

              Please set me straight.
              Please read whitepaper, there's section explaining NOS token which addresses your questions. There will be 1.000.000.000 tokens, I believe you can buy some directly from the team.
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              October 30, 2018, 08:36:07 AM
               #18

              This is very hot trend to launch a stablecoin in current scenario but official exchange not have secure connection that is really surprising thing for me. Don't know what is your approach regarding security of account if any mishap could happen than how people will get compensated?
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              October 31, 2018, 01:27:30 AM
               #19

              So what I have been able to determine so far:

              This is interesting but I think you could do a better job explaining it. For instance, NOS is a utility token.

              It gives a 50% discount on conversion from/to USD/Nollar??

              Looks like this is the case. I think the fee falls from 0.9% to 0.45% but this is only for 12 months (not clear when the 12 months starts) Then for the next 12 months, they say: "Adjusted at market development" whatever that is supposed to mean. No indication beyond 24 months, perhaps they haven't decided. Really I would like clarity on things like this before even considering investment.

              How does that work, is it 1 token per 50% discount? So if I want to convert 10 Nollars to USD I need 10 NOS to get 50% discount n the fees.

              According to the white paper:

              If the NOS token is publicly traded at 1USD, you will be able to cash-out 200 USD from NOLLAR to USD paying with 1 NOS token

              This is a bit more clear except we still don't know what to expect if the NOS token is only say 1 US cent or if it is 5 USD, is it a direct linear scale?

              If NOS is worth only 1 US cent, does that mean the you can only convert 2 NOLLAR to USD per NOS?

               
              What are the fees and how are they regulated and who decides this?

              Main fees seem to be 0.9% of NOLLAR value when converting from NOLLAR to real USD. So 100 NOLLAR would cost 90 US cents so you would receive USD 99.10. With the discount, it would go down to 45 US cents for the fee. There is also unspecified fees for exchange and kyc and a few other things but no clarity of what they will be.

              Where can I buy NOS? How much are they currently costing? Can they even be traded?

              bruges is saying they can be brought from the team. No sure I would be happy doing that until I saw a lot more evidence that this is even going to happen. This has a horrible smell of ICO to it and we all know how reliable those are...

              No exchanges as of yet either. Then again, is the tech even in place for the exchanges to happen.


              How many NOS are there going to be at maximum?

              Clear definitive answer here, 1 billion.

              Are you planning to burn them as part of the fees, I think I saw something like 20% of NOS will be burnt with each transaction?

              The white paper says 20% of used ones will be burnt and the remaining 80% will be distributed to the community and partnerships. Great, but what does the second part mean in practice? How are they going to distribute them to the community and what partnerships are they talking about?

              How will that help since they will only ever have vale of 50% of current fee?

              I can only speculate the the other 50+% goes to the bank and or devs, it is pretty unclear.

              Maker have a new tech about to arrive that will allow ~500 transactions for 1 us cent making feeless seem less of an attraction with the conversion to/from USD costs of this coin.

              White paper doesn't even try address this, actually is seems to make an effort to distort reality which doesn't really help it's credibility. They need to focus on their strengths and not make up stuff that is verify ably untrue.


              This all sounds good in principal but seems to be full of holes. This causes lots of red flags to go off for me.

              After further investigation, the lack of clear cut answers and analysis of the white paper, I think I will put this on hold to wait and see. I am not yet convinced that this is not a scam or just very poorly thought out. It certainly has the potential to be really great but there seems to me much more to it than it seems and the fact that Nano has no native support for smart contracts means that they have probably got a lot of work ahead of them if they are going to make it work.

              So I wish you well but for now I recommend HOLD.


              Please set me straight.
              Please read whitepaper, there's section explaining NOS token which addresses your questions. There will be 1.000.000.000 tokens, I believe you can buy some directly from the team.
              TeraBite
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              November 23, 2018, 11:43:47 AM
               #20

              http://msc.exchange/

              That exchange is listed under official partners but they don't secure connection this is big question market on the credibility of this project. People can't afford another inside job like what happened before in NANO by the hack of Bitgrail.
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