What Is Nota?
Nota digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit. The innovation of blockchains is an auditable and cryptographically secured global ledger.
Asset-backed token issuers and other market participants can take advantage of blockchain technology, along with embedded consensus systems, to transact in familiar, less volatile currencies and assets.
In order to maintain accountability and to ensure stability in exchange price, Nota Coin propose a method to maintain a one-to-one reserve ratio between a cryptocurrency token, called USNOTA, and its associated realworld asset, fiat currency.
This method uses the XinFin Network (XDC) blockchain, Proof of Reserves, and other audit methods to prove that issued tokensare fully backed and reserved at all times.
| Coin Basic | Information |
|---|---|
| Coin Name | Nota |
| Short Name | USNOTA |
| Circulating Supply | 200,000.00 USNOTA |
| Total Supply | 1,250,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Send, receive and invest money – digitally, secured and right now
NOTA is built on top of the blockchain technology, a digital ledger that makes it easy to track, manage, store and grow your digital assets. Buy it here or on the HitBTC Exchange.
Send and receive money, digitally – as easy as 1, 2, 3
Global payments, effortless and secured. Super fast and without the costs of the traditional forms of payment like cards and banks.
Send money
Receive money
Digitally, secured, and super fast
NOTA is fully transparent – on every operational level
This is 100% backed by fully reserved assets, constantly proofed and audited monthly. It is always redeemable for the US dollar on a 1:1 basis.
100% backed
Audited monthly
1:1 redeemable
Stablecoin
A stablecoin is a new class of blockchain-powered digital currencies that offers the best of both worlds — the instant processing and security or privacy of payments of cryptos, and the volatility-free price stable valuation of a traditional fiat currency.
Value
The value of one is always US$ 1,00 and vice versa. And that is why every is always redeemable for one US dollar on a 1:1 ratio.
Where can buy US NOTA?
You can buy on various trading platforms and on a growing number of exchanges. Or you can simply sign up to one of the programs offered above, which will allow you to purchase US directly from this website.
How do store US NOTA?
You can set up your own wallet in your user area and store your coins there. But of course you can also use the wallet of partner D’Cent or one of the many others already accepting.
How transparent is US NOTA?
This is 100% backed by reserves. Since top priority is to ensure that this is fully transparent at all times, they have the reserves audited on a monthly basis.
Technology Stack and Process
Each issued into circulation will be backed in a one-to-one ratio with the equivalent amount of corresponding fiat currency held in reserves by .
As the custodian of the backing asset, they are acting as a trusted third party responsible for that asset.
This risk is mitigated by a simple implementation that collectively reduces the complexity of conducting both fiat and crypto audits while increasing the security, provability, and transparency of these audits.
NOTA Technology Stack
The stack has 3 layers, and numerous features. Here is a review of each layer.
1) The first layer is the XDC blockchain. The NOTA transactional ledger is embedded in the XDC blockchain as meta-data via the embedded consensus system, XRC-20.
2) The second layer is the XRC-20 Layer protocol. It is a foundational technology that can:
a) Grant (create) and revoke (destroy) digital tokens represented as meta-data embedded in the XDC blockchain; inthis case, fiat-pegged digital tokens, NOTA.
b) Track and report the circulation of via https://explorer.xinfin.network/home and the XDC API.
c) Enable users to transact and store and other assets or tokens in a:
i. p2p, pseudo-anonymous, cryptographically secure environment.
ii. open-source, browser-based, encrypted web-wallet: XDC Wallet
iii. multi-signature and offline cold storage supporting system
3) In accordance with our terms of use, as the third layer is primarily responsible for:
a) Accepting fiat deposits and issuing the corresponding NOTA
b) Sending fiat withdrawals and revoking the corresponding NOTA
c) Custody of the fiat reserves that back all NOTA in circulation
d) Publicly reporting Proof of Reserves and other audit results
e) Initiating and managing integrations with existing XDC blockchain wallets, exchanges, and merchants
f) Operating the web-wallet which allows users to send, receive, store, and convert NOTA conveniently.
Main Applications
In this section we’ll summarize and discuss the main applications of across the XDC blockchain ecosystem and for other consumers globally. They break up the beneficiaries into three user groups: Exchanges, Individuals, and Merchants. The main benefits, applicable to all groups:
Properties of bestowed upon other asset classes
Less volatile, familiar unit of account
World’s assets migrate to digital assets and the blockchain
