The NetCents Coin
The NetCents Coin (NCCO) is a next-generation decentralized cryptocurrency operating on an open blockchain. The NetCents Foundation is the only entity authorized to issue new coins under a strict release schedule. New Coins released by the Foundation are sold at market prices on exchanges around the world with all proceeds going to the Foundations’ reserve account, supporting the value of NCCO and benefiting all stakeholders.
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The NetCents Coin Architecture
The NetCents Coin allows consumers to make fast and secure transactions that are independent of any one singular authority or a trusted third party, making it a truly decentralized alternative. One of the key innovations that distinguish the NetCents Coin from all other cryptocurrencies is the coin release algorithm which was developed to ensure a stable supply/demand equilibrium or a steady, yet non-speculative, rise in the price of the coin, unlike existing cryptocurrencies.
Building this Treasury Reserve Account is key to NCCO’s long-term credibility and acceptance in the marketplace, making it a mainstream coin and not just an instrument of speculation like other cryptocurrencies in circulation today. NCCO was engineered with its users in mind, shaping it to become an appealing store of value and currency of choice for transactions around the world.