Cover Image for ATX DAO Presents: NUON with Chainlink Labs at Capital Factory

ATX DAO Presents: NUON with Chainlink Labs at Capital Factory

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Austin’s own ATX DAO and global blockchain leader Chainlink Labs are proud to present Nuon: the world’s first unbiased “flatcoin”, at an exclusive launch event in the heart of Austin, Texas. 

Fully decentralized, overcollateralized, and pegged to the cost of living rather than a depreciating fiat asset like the US dollar, the Nuon flatcoin is set to shape the future of money. Protecting the purchasing power of holders from start to finish, Nuon is part of a global movement to find a viable, decentralized alternative to the dirty fiat we all love and hate. 

On February 2, CEO of Nuon, former CEO of bitcoin.com, ATX DAO member, and all-around crypto OG Stefan Rust will be presenting Nuon to a crowd of true believers and crypto curious alike at the Capitol Factory in Austin from 7 to 8 pm. 

As web3’s leading decentralized oracle service, Chainlink has enabled nearly $7 trillion in transaction value while its ecosystem has expanded beyond 1,600 projects. Recently, Chainlink launched Chainlink Economics 2.0, a framework of initiatives – including Staking v0.1, Chainlink SCALE, and Chainlink BUILD – aimed at continuing the network’s cross-chain expansion. The BUILD program, in particular, is designed to strengthen the Chainlink Network by fostering promising early-stage startups in Chainlink’s ecosystem.

In December Nuon Protocol announced it is joining BUILD to accelerate the adoption of its innovative flatcoin, Nuon. Conceived as an inflation-resistant alternative to stablecoins that are pegged to fiat currencies, Nuon is pegged to the real-time cost of living using decentralized inflation data from Chainlink-powered index, Truflation.

In an official announcement, Nuon Protocol detailed plans to integrate multiple Chainlink services including Price Feeds, Automation, and Proof of Reserve.

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link

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