UXD Protocol is an algorithmic stablecoin that is 100% backed by a delta neutral position using derivatives. It is the first stablecoin that solves the stablecoin trilemma, which is decentralization, stability and capital efficiency.
With the launch date of UXD coming soon, we decided to create an NFT as a pre launch. We use a bonding curve to price $HOOD and the price will start at $69. The price will adjust as people buy and sell the NFT.
Anyone can buy and/or sell $HOOD against the bonding curve. $HOOD can be redeemed for a physical hoodie, shipped anywhere around the world in black or white. Total supply is 69 hoodies and the supply cap will never be raised.
Once all 69 $HOOD are sold out, we will use the funds raised to buy 1 NFT based on a vote by $HOOD holders. $HOOD holders will collectively own the NFT and can sell them to buy other NFT.
UXD hoodie was designed by SPCMN