What are the nFIAT tokens?

EnreachDAO ecosystem liability tokens pegged to fiat values

The nFIAT is tokenised FIAT representing bank account deposits of USD, EUR and GBP.

EnreachDAO governs the supply and distribution of the nFIAT tokens that are denominated in the following currencies:

  • USD represented by nUSD

  • EUR represented by nEUR

  • GBP represented by nGBP

In the case of taxes to be distributed to token holders, the 0.15% tax will be distributed EnreachDAO governance platform when staking KYCNFT and NRCH tokens (not related to veABSORB or Yaggr related governance). More specific informations about this mechanism are further in this Gitbook at EnreachDAO Governance chapter.

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