About NostrumNostrum is a new peer-to-peer decentralized crypto currency
coded from scratch in C++Reward type: Proof-of-Stake
Block time: 1 to 3 minutes per block
Confirmations: 4
A currency only has value if it is widely accepted as payment for goods and services. Nostrum, with the help of "Reserve Value" formula and a bunch of Nos-related services (Nos-Store, Nos-Job, Nos-Ex, Nos-Bet), is able to achieve this.Nostrum Unique Features- Nostrum Reserve Value. (in-development)
- Network-wide chat system. (implemented)
- In-wallet coin distribution. (implemented)
- Mobile wallet for instant payment. (in-development)
- Anonymous transactions. (in-development)
- Nos-Store. (in-development)
- Nos-Job.(not yet started)
- Nos-Bet (through Tor network). (not yet started)
Reserve valueEach unit of Nostrum has it owns reserve value which is the value when the user obtained the Nostrum. The purpose of reserve value is to secure the concrete value of Nostrum, regardless the fluctuation of the price.
Calculation formula: + Reserve Value = Total Nostrum x Purchased Price
+ Tradable Nostrum = Total Nostrum / (Current Price / Purchased Price)
* If current price is lower than the purchase price, there will be no Nostrum can be soldTradable Nostrum is the quantity of Nostrum that can be traded.
Example: Coraline bought 500,000 Nostrum at the price of 0.1 USD. Now the price rises to 0.4 USD she is planning to sell off some of the Nostrum
+ Nostrum Reserve Value: 500,000 x 0.1 = 50,000 USD
+ Current Nostrum Value: 500,000 x 0.4 = 200,000 USD
+ Tradable Nostrum: 500,000 / (0.4/0.1) = 125,000 Nostrum
Coraline can now sell 125,000 Nostrum to recover her initial investment and still has 375,000 Nostrum to spend on whatever services she likes in the Nos-network.
Remember, those 375,000 Nostrum can't be exchanged to cash, it can only be used as payment.In case the price drop below Coraline's purchased price which is 0.1 USD. Coraline can't sell any of her Nostrum, this will
prevent the price to fall any lower. But Coraline still can use her Nostrum as payment for the Nos-servericesThanks to the Reserve Value formula, the price of Nostrum is predictable and would look like this:
The
is the point where Nostrum hit its highest price and people start losing interest in it. Therefore, the price will start falling untill it hits the
when nobody can sell anymore Nostrum. At this point, Nostrum can still be used as a payment method for services and goods, this will help Nostrum to gain interest, people start buying in and the price will rise higher until it hits another
point and fall to another
point, and so on...
Nostrum Usage and Future PlansNostrum can be used widely in the Nostrum-network and local stores.
Nos-Store: An Online Shopping platform with excellent Brand Strategy for cooperations .
Nos-Job: An online platform for hiring and working as a freelancer.
Nos-Bet: Like silkroad, but for Gambling. Gambling is still illegal in many countries. But with Nos-Bet, a betting system that hide under the tor network, the identity of its users are secured.
Mobile Wallet: With just a few clicks, you can start accepting and using Nostrum in local stores.
DownloadCurrent version: 0.0.1-beta
