Cryoto Currency

Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living By Cointelegraph


Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living

Blockchain tech firm Laguna Labs has launched a testnet for its in-development “flatcoin” — a spin-off of Stablecoin tokens — pegged to the cost of living rather than a fiat currency or a commodity.

Laguna Labs, in an Oct. 24, announcement, stated that the Nuon Flatcoin is not tied to fiat currencies like the United States dollar. pegged to the cost of living via “daily unbiased, authentic, and on-chain inflation data.”