ndau

The ndau project is built around the concept of an "adaptive digital currency" intended to serve as a long-term store of value. It was launched with the aim of addressing volatility and speculative behaviour commonly seen in cryptocurrencies. Instead of pegging its value to a fiat currency, ndau uses a set of built-in economic mechanisms to support gradual price appreciation during rising demand, while discouraging downward volatility through stabilisation tools.

The project runs on its own independent blockchain using a delegated proof-of-stake (dPoS) consensus model. It features native mechanisms for governance, monetary policy control, and token issuance. These include the Next Issue Price Curve for controlled token supply, the Stabilisation Incentive Burn (SIB) to disincentivise selling during market declines, and a repurchase policy administered by the Axiom Foundation to maintain a price floor.

Over time, the project has expanded its focus to include creator economy tools and Web3 integration, including the NFT Forge platform and the npayme service.

NDAU is the native token of the ndau blockchain. It is not an ERC-20 token and does not rely on external blockchains like Ethereum. Instead, it is built into the ndau blockchain's architecture, allowing direct integration with its adaptive monetary system and governance model.

The token’s value is influenced by a predetermined price curve which sets fixed issuance prices for each tranche of newly released tokens. This system, together with a limited quantity of 1,000 NDAU available per price tier, supports controlled supply growth based on demand. The proceeds from new issuance are held in an endowment fund managed by the Axiom Foundation, which supports liquidity operations and long-term stability.

NDAU serves multiple functions within the ndau ecosystem:

• Staking rewards: Users earn Ecosystem Alignment Incentives (EAI) by holding NDAU in the official wallet. Rewards increase with the length of time the token is held and can be boosted by locking the token for set periods.
• NFT minting: NDAU is used to pay minting fees on the project’s NFT Forge platform, often at a discount compared to other payment methods.
• Governance: Holders can vote on ecosystem decisions through a decentralised governance structure managed by the Blockchain Policy Council (BPC), which operates as a DAO.
• Transactions: NDAU can be used for transfers and payments within the ecosystem.
• Creator economy tools: Through services like npayme, NDAU supports creator-to-audience payments and affiliate systems.

The ndau concept was developed by a decentralised group known as the ndau Collective. This group includes contributors with expertise in monetary economics, cryptography, distributed systems, and governance design.

The Axiom Foundation, based in the Isle of Man, acts as the issuing authority for NDAU and manages the endowment fund. It is responsible for implementing monetary policy and operational guidelines approved by the community via the BPC/DAO.

Development and maintenance of the blockchain and ecosystem infrastructure have been led by Oneiro, a technology company contracted by the foundation. Notable individuals associated with the project include John Lester (Vice President of Operations), Dhesi Ananchaperumal (former CEO of Oneiro), and Ken Lang (a founding member of the ndau Collective and CTO at COSIMO).