Nostra UNO (UNO)

Nostra UNO (UNO)

Coin Information

Blockchain icon Blockchain: Nostra UNO
Ticker icon Ticker: UNO
Type icon Type: Cryptocurrency
Company icon Company: Nostra

Market Cap

Fully Diluted Valuation

Supply

Circ icon Circ.: 1 000 000 000Question Mark Icon

Explorers

Website

Online icon Online

Extra Links

Price Chart

UNO to USD Price Converter

What is Nostra UNO?

“UNO is the first StarkNet-native stablecoin. UNO aims to be the stablecoin of choice within the StarkNet ecosystem. Pegged to the US Dollar, UNO is fully backed by high-quality censorship-resistant crypto assets, with deep liquidity across many market pairs and a stable peg.

Upon deposit of ETH into Nostra Money Market, it will be converted into iETH-c to be used as collateral to mint UNO, providing the benefit of compound interest while using the UNO stablecoin.

The value of stablecoins has steadily grown since 2017. During this time, we have seen a few different stablecoin designs, from algorithmic to fractionally collateralized.

Some problems we see today for stablecoins are decaying confidence in fiat-backed stablecoins, censorship risk, and loss of peg.

UNO plans to solve these problems in the following ways:

  • Increasing the use cases of UNO for borrowing and swapping should mitigate some of the upward peg risks.
  • Deep stablecoin liquidity, over-collateralization, and a robust liquidation mechanism with responsible parameters will mitigate the risk of downward pegging (e.g. caps)
  • We tackle the censorship risk by deploying an immutable contract, using uncensorable assets, and a non-US domiciled core contributor.

UNO is part of Nostra. Nostra is your one-stop DeFi solution where you can lend, borrow and swap crypto.

Integrating Nostra Money Market, UNO, and Nostra Swap creates the Nostra Liquidity Layer. We are enabling permissionless access to liquid crypto assets for users at any time for any purpose, with minimal impact on price.

The core functions of the Liquidity Layer include lending, borrowing, minting, and swapping.

Further information regarding the role of UNO in the Nostra Liquidity Layer will be released in the coming months.”

Frequently Asked Questions

We currently have no price information of Nostra UNO UNO available.
The circulating supply of Nostra UNO is 1000000000.
The total supply of Nostra UNO is unknown.
The max supply of Nostra UNO is unknown.
Nostra UNO is a decentralized coin.
Nostra UNO is a cryptocurrency running on its own blockchain.

Github Statistics

Exchanges

Twitter Feed

Advertise

Looking to advertise? Advertising on our platform is the perfect opportunity to showcase your business to the crypto world. We can offer advertorials, banners and featured listings. Contact us at bret@blockspot.io for questions or request our media kit.

Video

Get verified

Blockchain Companies

geel200x200-1.png

Stay in the loop. Subscribe for updates.

Subscribe for updates.

Get crypto news and the latest updates about our platform straight to your inbox.

Recent posts:

How Cryptocurrency is Changing the Gambling Industry
Cryptocurrency

How Cryptocurrency is Changing the Gambling Industry

Cryptocurrency is quickly becoming a popular choice for online gambling, offering players a secure and anonymous form of payment with faster processing times and lower fees. As more casinos begin to accept crypto, the future looks promising for this innovative technology in the gambling industry.

Avoid Scams - A Step-by-Step Guide to Verifying the Safety of Crypto Casinos Before Gambling
Cryptocurrency

Avoid Scams: A Step-by-Step Guide to Verifying the Safety of Crypto Casinos Before Gambling

When it comes to online gambling, it’s important to make sure that you’re playing at a reputable and trustworthy casino. This is especially true when it comes to crypto casinos, which may not be subject to the same regulations as traditional online casinos. To ensure that you’re playing at a safe and reliable crypto casino, it’s important to do your research and check for certain key indicators of trustworthiness.

Submit your Guest Post / Press Release

Are you looking to submit an article on our platform? That is certainly possible! Published guest posts and press releases stay on our platform indefinitely. Contact us at bret@blockspot.io for questions or request a price quote.