Review on NuBits by Toprak Dere
About NuBits (USNBT)
NuBits is a cryptocurrency whose main purpose is to be stable and has a value equivalent to US Dollars. It tries to maintain stability by distributing voting shares (NuShares) among its users, which gives users the ability to vote on movements and changes in the network.
NuBits uses a system connected to its users and community to reduce volatility and stay stable. The system is basically organized as 6 "Liquidity Layers" which are ways to influence the demand for NuBits crypto coins (USNBT) and manage the supply accordingly.
In one of these tiers, "Liquidity Providers" buy and sell orders in the open market, where the sale is made at slightly higher than $ 1 and purchase orders are placed for less than $ 1.
NuBits is a cryptocurrency known for its stability, but like any cryptocurrency it has had some ups and downs. It started in September 2014 with a value close to $ 1 per token and maintained that value for almost 2 years until the beginning of June 2016.
NuBits has faced a lot of turmoil and contention in the years since its inception. However, the ideals behind cryptocurrency are solid. Past turmoil does not necessarily mean that this cryptocurrency does not have high potential.
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Pros
- NuBits boasts of being the first and only cryptocurrency to maintain a price of around $ 1 per coin for nearly two years since its launch in September 2014. It lost value only in June 2016, but with great difficulty it returned to its field within 3 months. The founders put in all the stops to bring NuBits back to the $ 1 constant.
- future is bright and roadmap is amazing
Cons
- not listed in most exchanges
