nGEL: Stablecoin equal to 1 GEL

New GEL (nGEL) is a stablecoin, equal to one Georgian Lari. I t is the first stablecoin issued by COINMANIA LLC. Buy or sell nGEL on coinmania.ge and coinmania.exchange . U se Express Withdraw method to send nGEL to coinmania users with zero fee. Technical details Full name: New GEL Short name: nGEL Smart Contract Address: 0xf7dB73eF42b6fB4627756871F463D0B311Ec79C8 nGEL is ERC-20 token in the Ethereum blockchain All wallets that have support of ERC-20 protocol can send and receive nGEL The first emission Date: 23.03.2021 Number of nGELs emitted: 1 000 000 000 New issue and redeem rule New nGELs are emitted or redeemed once a month. At the end of each month, an audit will be conducted to compare the number of nGELs issued with Coinmania LLC bank reserves. According to the results of the audit, new nGels will be emitted or redeemed. The audit report will be made public at the end of each month. Schematic description of nGEL traffic