About the Noble Depository
1. Market Cap:
What it is: The Market Capitalization (Market Cap) of a token is a measure of its current market value. It’s calculated by multiplying the current price of the token by the circulating supply (the number of tokens that are actively in circulation and available to the public).
Formula: Market Cap=Current Token Price×Circulating Supply\text{Market Cap} = \text{Current Token Price} \times \text{Circulating Supply}Market Cap=Current Token Price×Circulating Supply
Example:
If your token is priced at $1 and there are 1,000,000 tokens in circulation, your market cap would be: 1 million×1=1 million UR1 \text{ million} \times 1 = 1 \text{ million UR}1 million×1=1 million UR
Why it matters: Market cap is a rough indicator of the size of a token in the market, helping investors assess its relative size compared to other tokens.
The UR Difference: The 9% GNP allocation keeps the UR token circulation limited and proportional to economic activity, avoiding oversupply or inflation.
2. Fully Diluted Valuation (FDV):
What it is: FDV is an estimate of the market cap of a token if all tokens were in circulation (including those that are locked, reserved, or yet to be minted). It gives you an idea of what the market cap could be when all tokens are available.
Formula: FDV=Current Token Price×Total Supply\text{FDV} = \text{Current Token Price} \times \text{Total Supply}FDV=Current Token Price×Total Supply (where Total Supply is the maximum possible supply of tokens, including those that are not yet in circulation).
Example:
If your token is priced at $1, and the Total Supply is set to 10 million tokens (even though only 1 million are currently in circulation), the FDV would be: 1 million×10=10 million UR1 \text{ million} \times 10 = 10 \text{ million UR}1 million×10=10 million UR
Why it matters: FDV helps investors understand the potential future market cap if the project reaches full circulation, considering any future inflation or emissions of tokens.
3. Total Supply:
What it is: Total Supply refers to the total number of tokens that will ever exist for a project (including those that have been minted but are locked or reserved). It includes both the circulating supply and any tokens that haven’t been released yet.
Example:
If your project will eventually have 10 million tokens in total, and currently 1 million are circulating (the rest might be locked, reserved, or yet to be minted), then the Total Supply is 10 million.
Why it matters: The Total Supply is important for understanding the maximum limit of tokens that can ever exist, which influences inflation and scarcity of the token over time.
URDC is disruptive finance
It’s part of a new global ecosystem that bypasses the scourges of traditional finance, embracing the open expanse of crypto commerce. Created by the sovereign nation of Urlennia, URDC is a trusted and highly secure digital currency protected to a higher standard.
URDC is a type of cryptocurrency that is referred to as a commodity-backed stablecoin, meaning it is tied to a reserve of physical assets in a decentralized financial system, such as gold, platinum, and other tangible commodities. In the case of URDC, it is designed to be pegged to the Urlennian gross national product(GNP) and secured 1:1 by real world commodities. URDC is digital money. Because it’s blockchain-based, URDC moves at the speed of the internet, near-instantly and without the high fees associated with traditional finance. You can use UR just like you would any currency – to buy and trade assets, to send and receive payments, or to save your money.
Unlike dollars, URDC is a truly stable cryptocurrency. URDC is backed by real commodities (gold, platinum, and other tangible commodities), not printed paper or fiat.
- Intrinsic Value & Stability
Unlike fiat-backed stablecoins, commodity-backed stablecoins derive their value from tangible assets. Gold, platinum, and other precious metals have historically maintained their worth, providing long-term price stability. - Hedge Against Inflation
Commodities like gold are often used as hedges against inflation, meaning the stablecoin retains purchasing power even when fiat currencies lose value. The Urlennian GNP allocation keeps the URDC token circulation limited and proportional to economic activity, avoiding oversupply or inflation. - Trust & Transparency
Users can have confidence that the stablecoin is backed by real assets, reducing concerns about counterparty risk. - Decentralization & Independence
A commodity-backed stablecoin can operate outside of traditional banking systems, reducing reliance on centralized financial institutions with high rates and fees. - Resilience to Market Volatility
Unlike algorithmic stablecoins, which can collapse under extreme market conditions, a commodity-backed stablecoin maintains its value. - Store of Value & Liquidity
Gold, silver, and platinum have long been used as stores of value. Backed by these assets URDC enjoys the combined benefits of digital transactions with the reliability of hard assets. - Global Acceptance & Recognition
Gold and other precious metals are universally recognized and valued across nations, making the URDC coin more appealing in international trade and finance.
URDC is issued by the Royal Treasury of Urlennia, the financial branch of the Urlennian government. In Urlennia, the Royal Treasury holds the assigned authority to manage the monetary systems in all Urlennian dominions where required. The Royal Treasury holds relevant international authority in all foreign jurisdictions. While we maintain the UR currency liquidity, its decentralized by the blockchain and the power of the money is in your wallet, at your fingertips.
URDC is backed 100% 1-to-1 by real-world commodities like gold, platinum, oil etc - no paper or fiat. The majority of the URDC reserve is held in the Noble Depository. Regular reporting on the Noble Depository portfolio is publicly available in accordance with Constitution Article 4:9 of the Urlennian nation.
URDC is natively supported on the Noble Depository, Polygon blockchain – with more expected in the future.
Beloved Earth
The URDC digital money is built on the Polygon blockchain, which operates on a Proof-of-Stake (PoS) mechanism, consuming significantly less energy compared to Proof-of-Work (PoW) blockchains like Bitcoin. But we believe in going beyond sustainability—we aim to leave the planet better than we inherited it.That’s why we launched the UR Regenerative Project.
Each quarter, we allocate a portion of our reserves to plant bamboo and pigeon peas in high-mining regions worldwide, actively offsetting the environmental impact of crypto mining. Together, we can build a future where digital finance and ecological restoration go hand in hand. Let’s do our part to leave a thriving Earth for generations to come.
