Situation: A developed country decides to adopt
Not Coin as a national digital currency, ensuring its stability through a mechanism linked to the value of gold.
Reason: Digital currency prices are often sensitive to market speculation, leading to economic instability.
Effect: The central bank creates a gold reserve
Not Coin Support Fund. For each issued Not Coin, there is an equivalent amount of gold in reserve. This peg system ensures that the value of Not Coin will not deviate significantly from the price of gold. In the event of fluctuations in the global cryptocurrency market, this mechanism provides stability and security for citizens and investors, making the digital currency more resilient and trustworthy.
Conclusion
Not Coin has the potential to transform the way financial transactions are conducted in the modern world. Its use in online commerce, international remittances, investments, transparency, social purposes, and now as a model for central banks is just the beginning of the limitless possibilities this currency can offer.
Implementation by central banks
Situation: The central bank aims to create
A stable and efficient system for managing the national digital currency.
Reason: Traditional financial systems have limitations in transparency and efficiency. Moreover, the bank wants to minimize the use of physical cash and improve financial inclusion for citizens.
Effect: The central bank decides to adopt Not
Coin technology for creating central bank digital currency (CBDC). By using a licensed blockchain, the bank ensures transparency, security, and low transaction costs. Mass adoption helps combat tax evasion, reduce corruption, and improve access to financial services for rural and unbanked populations.
Currency price regulation through gold
Situation: A developed country decides to adopt Not Coin as its national digital currency, ensuring its stability through a mechanism linked to the value of gold.