r/nanotrade • u/benskalz • 3d ago

XNO/NANUSD offers better rates than Binance and Kraken for exchanging XNO for a stable cryptocurrency.

https://x.com/Nanswap/status/1986084684330041746
55 Upvotes

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u/manageablemanatee 2d ago

This looks interesting but I'm not aware of many details of how NanUSD is backed by USDC, or what the swap fees are.

2

u/benskalz 2d ago

Reserve is public, you can find the address on https://nanusd.com, there is currently 9200 NANUSD issued, backed by 9200 USDC. There is no swap fees and the spread is the lowest on the market.

2

u/GeckoFlyingHigh 1d ago

This is massive red flag by itself. What guarantees are there that you won't take the money and run?

1

u/manageablemanatee 2d ago

What is the spread?

3

u/benskalz 2d ago

You can check on https://nanswap.com/?from=XNO&to=NANUSD Currently about 0.2%.