NDEV—National Digital Equivalents of Value (draft 2019). If you wish to learn the update for 2024, please contact us.

NDEV is a blockchain digital code (a token or a part of a tokenised item) measured in gold equivalent (<1 g, 1 g- 1 kg, >1 kg of gold) able to split, amalgamate with parts of other NDEV codes to be managed at a distributed database ( HSBN ) for financial applications OR  serve as a Gold and NIV backed Cryptocurrency

Whitepaper:

 Publications  AU2019101249 and  AU2018100999

Files:  NDEVEnglish.pdf - NDEVRussian.pdf   and Attachments 123.pdf  +other  files

The essence of the offer:

The fragment of NDEV code named Fragment X reflects the exchange value of a proportion of tokenised item expressed in weight of gold. Fragment X is able to split into parts which (the parts) may be amalgamated with other such fragments and attached or detached to other digital codes, (references) with information to be managed in interaction with one in another database of HSBN.

This allows managing the fragments X and the records blockchain in HSBN to register commercial operations, transfer the property from one person to another, logistics, cryptocurrency recipients as described in our publication AU2019101249. The technologies we used and are described at AU2018100999

As the result of our work we are able to offer to you:

1)      A Blockchain Application to tokenise gold or any Item of  Wealth to include the parameters of their registration ( for example, geolocation parameters) to the code of the token with an opportunity to split the digital code into parts and transact each part with records related transaction to a distributed database (HSBN).

2)       Forming a Gold and NIV backed Cryptocurrency to replace domestic fiat currencies with cryptocurrency (NDEV) pegged to exchange value of national resources

3)       NDEV code is able attach and detach the fragments of other codes with information

related to commercial operations, logistics, cryptocurrency recipients to manage at HSBN to use the fragments of the code to deliver information and build the Digital Economy with a proposed business set up.

The algorithms of the NDEV code creation are published at

 (AU2019101249 and  AU2018100999 ).

Our work to introduce NDEV may be completed in collaboration with related government (Australia, NZ, China, RF, Ukraine  ?... ) along with institutions (including health related institutions)  able to finance the project or  offer  relevant distributed database  to host  the application for the future of  Digital Economy ( such as  InfiniGold  Pty Ltd , Telegram or  other institutions  interested in financing the development to be an owner of the product).

What makes our approach to forming NDEV unique? What makes NDEV code unique?

1. It makes it possible to form NDEV code as a product of exchange to domestic fiat currencies at the moment of trade to express the value of NDEV in Gold (digital code of physical gold and NIV).  NIW is a national item of value that can be tokenized with registration parameters. NDEV code is dividable with the share measurable in gold weight equivalents (assets) or used as Cryptocurrency. Backed by Gold Cryptocurrency the NDEV, as finance pegged to national resources, is a product of tokenization. The owners of NDEV may use the finance immediately in the proposed Digital Economy business set-up.

2. NDEV allows users to conveniently exchange fiat currencies and CBDC (derivate of fiat currencies) to NDEV and maintain the exchange value of the new finance (new legal tender) pegged to national resources such as Gold, Diamonds, Volumes of Oil and Gas, territories to rent, technologies and other nationally value items able to be tokenised.

3. NDEV allows managing your entitlements digitally to prove that you own items of wealth or related to codes of NDEV national resources purchased in exchange to fiat currency and use NDEV instead of fiat currencies or convert NDEV to preferred fiat currency (if approved by the government), or exchange it to other owned resources (such as gold or other NIV) using paperless internet signed contracts.

Owners of NDEV code will be able to split the asset (measured in physical gold) to transfer the part to a cryptocurrency recipient or convert the part  to fiat currency OR receive registered physical gold nationally or tokenised items globally or use parts of the NDEV code as everyday currency pegged to the weight gold equivalents.

Description of the technologies involved in NDEV creation:

Those unique features of the NDEV code are related to the code formation with the assistance of integrated technologies and a proposed concept to form the finance considered as a new legal tender which was described in our publications ( AU2019101249 and  AU2018100999 ) 

The concept of NDEV formation was proposed for technical solutions for replacing fiat currencies with digital ones at the time of financial transfers and the algorithms for generating these finances. We published this on the IP Australia website www.ipaustralia.gov.au 

 Title:  A Legal Tender to replace Fiat Currencies with National Digital Equivalents of Value (NDEV) during financial transactions  ( AU2019101249)

The proposed financial system (NDEV-new legal tender) can operate in parallel with the fiat (old legal tender) and is based on the technologies reflected in the publication AU2018100999:

Title:  Integration of Cryptocurrency Splitting Technology, Highly Scalable Blockchain Net work and Mirror Advertising Technology for transparency of Business Operations and Taxation (AU2018100999)

We have proposed online advertising algorithms for collecting information about financial recipients and transparency of commercial transactions for Digital Code Division (CST) technology and digital code processing in decentralized databases (HSBN):

Title:  A Software and Web Based Business set up for Mirror Advertising Technology 

As a result of the research, conclusions were drawn about the possibility of not to use the dividable code for registration of the asset measured in gold during transferring of the property but replacing fiat currencies with digital money - NDEV (new legal tender) to change the goals and priorities of market relations under the guarantees of governments. 

NDEV are not printable by Central Banks and are based on real values and designed to support transparency of financial operations and registration of Cryptocurrency Recipients; provide Security, Stability, and Guaranteed Backing Up of the finance by national resources, able to tokenise and express in digital codes to manage in HSBN. 

Backed (guaranteed)  by Government or Private Owners of Gold and NIV

Every value fragment of  NDEV code is a tokenised version of a real value with an NDEV Pass certificate, which are 100% backed by existing physical gold or NIV with geolocation parameters expressed in a digital code managed and stored at HSBN.

Liquidity

NDEV may be exchanged nationally with fiat currency and internationally with NDEV of other countries on HSBN (Open Digital Gold Network) platform and the investors can redeem their tokens at any time under conditions of trade specified during purchasing of the NDEV or its market value in fiat, or NDEV values of other countries unlocking liquidity for even the largest of trades.

Price stability

Representing physical gold and NIV, NDEV offers NDEV (digital codes – tokens) holders risk diversification and hedging against market volatility at superior credit quality while avoiding costly conversions between fiat and crypto.

Convertible

Redeemable via NDEV Pass Certificate the new legal tender may represent value of gold and NIV expressed in Digital Gold in a range <1 g, 1 g- 1 kg, > 1 kg and be converted into fiat currency or NDEV other countries by standards financial transaction  nationally approved.

Trust, Transparency, Efficiency

Trusted

The NDEV may be the custodian of the underlying physical gold and NIV that backs all NDEV Pass certificates in the structure as offered by Infigold Pty Ltd  for gold guaranteed by the Government of Western Australia. Please  read information at www.infinigold.com

It is these digital certificates that provide the 1:1 gold and NIV backing for NDEV.

No fees

With no transaction, storage, or ongoing management fees, NDEV is one of the most cost-effective gold and NIV assets and a competitive alternative to traditional gold and NIV products.

Scalable

As NDEV is tokenising, NDEV Pass Certificates backed by physical gold and NIV registered with geolocation parameters this new legal tender may be scalable considering the volume of national resources that may be tokenised.

That means that HSBN may be spread and include the network of a variety of countries able to understand the advantages of the proposed technologies. The exchange of NDEV between countries will be considered as an exchanged of  

Real-time auditability

The amount of NDEV represented by issued NDEV can be verified at any time against the gold and NIV backed by issued NDEVPass accounts, available from HSBN.

How NDEV works?

Below is the essence of what we have proposed:

Digital money (Proportions of kg of gold reflected in a digital code) can express physical value (digital gram of gold) and be used as money backed by national resources (Gold Backed Currency) - this idea is not new and has already been implemented ( for example,  developed in Australia  (by InfiniGold Pty  Ltd are published and can be found through Google).

 However, there is not enough gold in the world to cover all trade, and there are almost no decisions on what to use instead of gold and how to replace it. 

We offered money (digital codes registered on the decentralized database blockchain) backed up by gold and national resources using technology integration (NDEV-Gold and NEV-Backed Currency).

The cost of resources with their geographical (or other) registration can be expressed in gold and translated into a digital divisible code written to the blockchain.

 What for?

 Using fiat currencies carries risks (e.g., dollarization of the economy, debts of advanced economies). Replacing fiat money with NDEV eliminates some of those risks.

 (This is the question of how our children and grandchildren will live)

 The question concerns how conflicts and wars can be avoided. To do so, the economic base must be changed for countries and members of society to relate.

 How?

 It is necessary and enough to tokenize gold and other valuables (national resources) by including geolocation parameters (other parameters of registration) in the code. Technologies can be used to split and amalgamate the fragments of the codes to “drive” information into fragments of digital code. This divisible code—money—is stored and processed in HSBN (Highly Scalable Blockchain Network—an easily scalable blockchain network).

 It is proposed that the processes of generating and using new money when shopping and when the buyer pays with fiat currency be combined.

 Formation:

 The volume of fiat currency is converted to gold and is expressed in its weight equivalent in the digital code Crypto (<1 g, 1g - 1 kg,> 1 kg) - the proportion of the National Equivalent of Value (NEV) (1 kg of gold).

The key technical solutions to use gold as a transaction currency are: 

1)      Forming a digital code of national gold and NIW-backed tokens (codes) which can be divided into parts with the abilities of the parts to be amalgamated for subsequent financial transactions, having guaranteed exchange value (ability to act as a legal tender), be redeemable with domestic  fiat currency and be exchangeable with NDEV of other states  (AU2019101249 ).

2)      Managing detachable fragments of the code with information related to transactions for taxation purposes  and logistics (AU2019101249 and  AU2018100999)

We know how to make the code (and believe that other IT groups are working in this direction) and may contribute to developing the IT environment and facilitating financial transactions. Using:

 Crypto-digital gold is the proportion of the token of a natural resource with the ability to attach links.  Links are codes with information about the purchase and the seller, as well as the registration of code transactions by the recipients of finance (in NDEV) to the electronic accounts (wallets) of the seller and tax authorities.  These accounts are located on a decentralized network (HSBN).

 The cost of national resources is equated to the National Equivalent of Value (NEV).  This Equivalent may or may not be gold, but its exchange value is equated to gold and expressed in a divisible digital code in units of gold weight.

NDEV formation is based on HSBN to create NDEV Pass registration.

The volume of NDEV managed at HSBN represents a digitised physical gold and NIV in the form of NDEV Pass Certificates.

Each certificate is 100% backed with physical gold and NIV stored at the government or private owners of the national resources.  Ideally, NDEV is a national legal tender (currency supported by national wealth).

Using proposed technologies to create NDEV, physical Gold and NIV may be tokenised with the creation of NDEV Pass Certificates and the digital codes made available on a public blockchain where investors, traders, and institutions can buy and sell them on Digital Asset Exchanges.

One NDEV represents a proportion of NEV (National Equivalent of Value) pegged to Gold or not gold NIV (National Item of Value)   but expressed in a certain weight of gold. 

This NDEV (via its NDEV Pass Certificate) may be exchanged for related Gold or NIV (National Item of Value) under the guarantee of the state or owners of NIV.  Equally tokenised gold with an NDEV Pass Certificate and the digital code with the inclusion of geolocation parameters may be exchanged in national and international HSBN  where NDEV reflect the exchange value of the tokenized national resources. In each direction, the exchange rate is 1:1. National financial regulators authorise the exchange to manage the code and its fragments at HSBN (for example, by the CryptoTax Agency), and no exchange fee applies.

From the developers of NDEV:

“В Всемирной Симфонии финансов, где каждая нота важна NDEV нужны для гормонии, как грязь поросенку нужна”

Case 1. Forming of NDEV blockchain token in exchange for domestic fiat currencies

NDEV Blockchain Token is supposed to be converted at any time to a specified volume of physical gold or item of wealth tokenized with inclusion to blockchain records for the digital code the parameters of registration (for example, geolocation parameters) to be expressed in the value of gold or parts of the tokenized item to deliver globally or to a volume of preferred domestic fiat currency on conditions specified in blockchain records of the token.  The structure to manage NDEV Blockchain Token may be similar to that described  at www.infinigold.com    (please  open  and  read)/

The exchange aims to create a dividable blockchain digital code (token) to store it in the decentralized database with the ability of the token to split in parts by request of the owner of the token and add additional codes (references) for blockchain records to register the reason of split and transfer of the part (parts) to a new (new) nominated owner (owners)  with parties involved in the process of the transfer and conditions of the transfer specifies.

The difference between existing tokens reflecting the exchange value of existing item of wealth and NDEV blockchain token is an opportunity to include to the value of the token the product of tokenization of other items of wealth apart from gold such as diamonds, volumes of oil and gas, technologies and territories to rent.

Any person, institution, or state can pay a certain amount of fiat currency to convert the money to a dividable digital code by its weight expressed in weight equivalent of gold <1 g, 1 g-1 kg, > 1 kg.

The NDEV code may be used in any decentralized database as the proof of exchange of the available finance to the NDEV code.

This code may be used for paperless way to:

a)      split assets

b)     Pay participants agreed on shares of remuneration

c)       Exchange properties

d)     Payments of debts between individuals, institutions or states

Pay tax after finalizing the commercial operation.

e)       To  think

After the creation of the code several other applications may be used in a variety  of human being activities.

To finance the development of the NDEV code, around $ 2,000,000  is needed.

Case 2.   Using of NDEV (Gold and NIV backed Cryptocurrency) as a new legal tender

 • The amount of fiat currency or cryptocurrency required for conversion to NDEV and vice versa for transactions of certain volume of finance can be calculated in stages with assistance of MAT interfaces that collect information needed for registration of transactions and financial recipients.

The next two initial stages are to note:

1.      The result of the calculation for conversion of the finance is to be transmitted to HSBN to allocate (split or amalgamate Fragments X) amounts of Crypto needed for transactions. Access to the 1-st asset (database) of HSBN is needed and is provided by programs such as DG Gate Pay available from MAT web interfaces. The instructions of a seller transferred with already written smart contracts to prepare finance for transactions. The instructions of a Seller are processed in HSBN automatically where a calculation of Crypto (division or amalgamation of fragments X of the digital codes) is  finalized in proportions of <1 g, 1 g-1 kg, > 1 kg of gold or other valuables measurable in weight equivalent of gold.

2.      Automatically for each fragment X of Crypto for transaction the references (other detachable digital codes) related to finance recipients and commercial operation are added with information to store in the 2-nd database (asset) of HSBN. Each Fragment X of divided digital code Crypto receives the references in relation to transactions approved online by the parties. These references of NDEV (Gold and NIW Backed Cryptocurrency) are used for logistics, taxation and other purposes of Digital Economy as shown in figures of  AU2019101249

The seller does not send data to the bank but uses the Internet, where OG Gate (OmniGate) serves the seller’s accounts to add  (amalgamate) the Fragment X on the accounts of financial recipients from trade with information to store  in the 1st and 2nd digital assets ( one database in another), as shown in our publication  AU2019101249 .

 • ОG Gate (OmniGate) transmits a request to transfer a digital code to the blockchain network;

• the network verifies that the token matches the actual value in Physical asset (verification of the truth of value);

 • the network sends data for dividing the token, attaching digital codes of identifying recipients of finance and a trade transaction to the 2nd database ( asset ), where NDEV transfers are being registered;

 • The automatic transfer deposits digital gold on the E-wallets of finance recipients (seller and tax agency) and makes a debit (the process related redeeming of the fiat currency exchange to NDEV).  The option is to convert Gold and NIW backed Cryptocurrency back to fiat currency.

 The proposed model of financial transfers allows you to make quick payments and not use bank funds or intermediary services. 

For users of the proposed system, all payments and taxes may be made in the cloud. 

Other platform interfaces can provide detailed translations and use the referral system (WBRS-Web Based Referral System with MAT).

There are several options for using NDEV to preserve values in the eventual consequences of economic crises (World Economic Downturn).

To develop a working model of the Digital Economy described in our publications    AU2019101249 and  AU2018100999, $25,000,000 is needed to offer an application for joining the financial market and consuming domestic fiat currencies.

Case 3.  Using NDEV as finance to minimize consequences of dollarization of economics and resolving of debts of developed economics   (not requested at the stage).

Case 4.  NDEV can be used as an economic weapon to minimize the harm of militarization for countries and communities (not requested at this stage).

Benefits of using NDEV:

Safe storage of value

For centuries, gold and other NIV have been the most effective stores of value against inflation and volatility and as a price-stable asset. NDEV introduces Gold—and NIV-backed Cryptocurrency managed by blockchain technologies, allowing digital asset investors to tap into these historically proven properties.

Adequate portfolio diversification of NDEV

Due to higher volatility and correlations, portfolio diversification in digital assets markets is more challenging than in traditional financial markets. NDEV solves many challenges, including the dollarization of economics, risks of fiat currencies, social conflicts and even wars. NDEV is managed in HSBN, and the tokenised national resources with value expressed in digital codes are exchanged between countries using track gold and NIV’s spot price.

Cross asset traders

NDEV is indirectly and directly  tradable against traditional gold products and digital codes (tokens) such as PMGT or other commodity money (Stablecoin)  pegged to national resources and reflecting their value in gold:

GLD

the world‘s largest gold ETF

COMEX/CME

the most popular gold futures market

XAU

the over-the-counter (OTC) gold market

This makes NDEV one of the few tokens connecting traditional financial markets with the digital assets markets.

Institutional gold and NIV traders

NDEV has unique features that differ from other popular gold products. Some of them, for example, are:

1. There are no management or storage fees to hold NDEV like there are for other gold products

2. NDEV maintains a strict 1:1 backing with NDEV Pass certificates and, therefore, with physical gold, in stark contrast to many gold products, which are often not fully backed.

3. Other features are described at AU2019101249 and AU2018100999.

Individual gold buyers

Efficiency, trust, security, transparency, flexibility—NDEV provides gold and NEV  investors with access to high-quality gold at highly competitive pricing, AND  NIV tokenised and registered for exchange purposes or commercial operations, making NDEV the most desirable product when using domestic fiat currencies puts businesses at risk. NDEV is investing in gold and NEV on the blockchain.

NDEV may be tradable on leading cryptocurrency exchanges so that gold positions and positions of other  NIV  and national resources can be opened and reviewed by investors.

Comparison Table

Advantages at a glance: comparison of different gold products

NDEV Code of CBDC?

Institutional comparable

NDEV Finance is comparable

Feature

PMGT

CME/COMEX

GLD (#1 gold ETF globally)

IAU (iShares Gold Trust)

PAXG (PAX Gold)

DGX (Digix)

Underlying asset government-guaranteed (a condition to consider)

*A redemption requires a verified NDEV Pass account.

NDEV Pass may not be available in all jurisdictions.

An up-to-date list of countries where NDEV Pass accounts may be available can be found on the related websites 

(Analog pmgt.perthmint.com).

To avoid doubt, NDEV should be supported by the country's government where the legal tender operates.

Want to know more about how NDEV works?

You may request our whitepaper.

Whitepaper AU2019101249 and AU2018100999  +   Other files nj update.

FINISH