Onomy Protocol (NOM) is a token that is used as collateral for stablecoin mining, management and remuneration. It also provides network security through staking. The token belongs to the Cosmos chain of the first level for a multi-chain and intuitive DEX. The project combines traditional with decentralized finance, simplifying the migration of foreign currency to the chain with the help of crypto-backed decentralized stablecoins, which will be used for trading, profitability and payments.

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Onomy Protocol

Will a worldwide #CBDC effort cause the downfall of #crypto or will it further strengthen the belief in #decentralization? Opinions vary. Let's explore the CBDC trend and how it compares to decentralized #stablecoins. medium.com/onomy-protocol…

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Will central bank-backed digital currencies cause the downfall of crypto or will they further strengthen the belief in decentralization?

Opinions vary. Let's explore the CBDC trend and how it compares to decentralized stablecoins.

https://twitter.com/OnomyProtocol/status/1448223120037400580