The digital asset market has been shaken by the introduction of Facebooks Libra project. Countries like the USA and most of Europe have a very skeptic outlook on the product that comes from a company with a track record of misshandling user data and trust. Governments and private industry is cautious as a similar behavior with user funds could be fatal. While the regulatory landscape in regards to Libra is still evolving, we want to know of there are alternatives in the space?
Right away a project called NOS stuck out among many.
NOS is a grassroots/community driven project that offers a complete ecosystem of stablecoins, utility assets and fiat onramps.
What is noticeble right away is that the main focus is on instant & feeless value transfer and storage.
NOS seems to understand that its role will serve as a bridge between the traditional fiat model and cryptocurrency. Its stablecoin Nollar provides this link in combination with a decentralized utility asset Xnos.
Currently many projects struggle with fiat on-ramps which leads to a complete dependency on Bitcoin. NOS has this covered with their gateway.
Fundamentally NOS & Libra are strong projects but what separates them is a moral comitment to their ecosystem and userbase. While one is strickly looking to maximize profits, the other wants to introduce and further stable, feeless, instant value transfer.
We will keep a close eye on both projects and how they adapt to the quickly changing market conditions.