08 Sep, 2023

Laos Embraces LADT's Dual-Token Model

In the heart of Southeast Asia, amidst the vibrant culture of Laos, an exciting financial revolution is taking place. In the domain of LADT’s dual-token model, stable and innovative crypto-payment tokens are profoundly influencing the landscape of online finance. These tokens, ASEAN USD (USDA) and NewPay Governance Token (NGT) are ready to transform Laos’ financial landscape. Delve into the exploration of the distinctive characteristics and advantages of these tokens, which promise to revolutionize cross-border payments and digital governance.ASEAN USD (USDA)① A Cryptocurrency Stablecoin Pegged to the US DollarASEAN USD is a digital stablecoin issued by the Lao National Digital Technology Group (LADT), designed for the entire ASEAN region and fully backed by secure fiat assets.ASEAN USD maintains a 1:1 value peg to the US dollar. This connection means that ASEAN USD maintains a consistent value even during unstable times.② The First ASEAN Stablecoin With Direct Fiat Currency MintingThe carrier of ASEAN USD, NewPay, also known as Laos PayPal, holds the only third-party payment license issued by the Bank of Laos, which also brings convenience to the minting of ASEAN USD.In addition to the US Dollar, ASEAN USD can also be minted directly with some of the ASEAN fiat currencies, such as the Singapore Dollar, Thai Baht, Vietnamese Dong, and Lao Kip.By choosing ASEAN USD, you have a chance to be part of something new and exciting that will change the way we use money online.③ The Perfect Choice for Cross-border PaymentsIn a world of evolving financial systems, ASEAN USD stands out by offering a solution to conventional cross-border payment challenges. Unlike traditional digital payment methods that come with foreign exchange losses and transaction fees, ASEAN USD eliminates intermediaries and currency conversion fees, ensuring minimal transaction costs.From online shopping to dining at restaurants, there’s no longer a need to withdraw local currencies from ATMs throughout the ASEAN region. ASEAN USD unlocks numerous opportunities.④ Superior APY Compared to the MarketASEAN USD is embraced by the emerging Web3 community in Laos, offering interest income (4%-8% APY) to those staking or depositing ASEAN USD on Neway (LADT lending platform).Rather than individual suppliers or borrowers having to negotiate over terms and rates, the Neway protocol utilizes an interest rate model that achieves an interest rate equilibrium, in each money market, based on supply and demand.Following economic theory, interest rates (the “price” of money) should increase as a function of demand; when demand is low, interest rate should be low, and vise versa when demand is high. The utilization ratio U for each market a unifies supply and demand into a single variable:Uₐ=Borrowsₐ/(Cashₐ+Borrowsₐ)The demand curve is codified through governance and is expressed as a function of utilization. As an example, borrowing interest rates may resemble the following:Borrowing Interest Rateₐ = 2.5% + Uₐ * 20%The interest rate earned by suppliers is implicit, and is equal to the borrowing interest rate, multiplied by the utilization rate.⑤ Transparency and ComplianceASEAN USD’s commitment to security and transparency is evident through its comprehensive approach: 100% third-party fund insurance, complete reserve backing, absolute transparency with monthly asset and reserve disclosures, and the opportunity for investors to easily access substantial returns through one-click lending.As Laos enters the digital age, ASEAN USD will be there to help boost economic growth, innovation, and collaboration within the country and across the ASEAN region. Through a strategic partnership with NewPay and the combined strength of ASEAN, along with the backing of the Lao government, the shift to a digital economy is well underway, promising prosperity and progress for Laos and its neighboring nations.NewPay Governance Token (NGT)① The Governance Token of Laos PayPalNGT, or “NewPay Governance Token”, signifies the governing token associated with Laos PayPal — NewPay.As the name implies, NGT is designed to help holders actively participate in the governance of the NewPay ecosystem. They are granted the opportunity to partake in significant decision-making votes within the NewPay ecosystem. This is achieved in the form of DeFi, creating a linkage of interests between issuers and holders, leading to the healthy development of the ecosystem.② Staking for High-Interest EarningsHolders of NGT can choose to participate in on-chain staking to earn additional NGT income.The LADT lending platform, which we refer to as Neway, can assist holders in investing and managing finances in the world of cryptocurrencies. The Initial staking requires the purchase of NGT. And then they can start staking in a ratio of 30% NGT and 70% USDA.Holders can opt to receive the entire distribution of earnings at maturity or opt for early withdrawal (with a partial loss of earnings).③ Value Growth via Deflationary MechanismsProfits generated by NewPay are also allocated to NGT holders. NGT follows a deflationary model. In the future, a portion of NewPay’s revenue will be used for NGT buybacks and burning in accordance with community regulations, resulting in the deflation of NGT.Thus, there is a significant probability that the secondary market price of NGT will continue its upward trajectory, delivering advantages to its holders.Shaping TomorrowIn summary, it’s clear that the dual-token model is not just a normal DeFi project, but is the beginning of a new era in Laos’ finance.ASEAN USD (USDA), with its steadfast peg to the US dollar and firm backing by the Lao Government, offers stability and trustworthiness, making it a game-changer for cross-border transactions.NewPay Governance Token (NGT), on the other hand, empowers its holders with financial incentives and a say in NewPay’s governance, providing users with a path for decentralized decision-making.In a world of ever-changing financial systems, ASEAN USD and NGT are great examples of progress for Laos and its neighbors. These tokens promise to drive economic growth, spur innovation, and encourage collaboration throughout the ASEAN region.

01 Sep, 2023

LADT: Revolutionizing Digital Currency for Laos and ASEAN Economies

Discover how Lao National Digital Technology Group (LADT) is reshaping Laos' economic landscape through its pioneering digital currency platform. Explore the impact of LADT's innovative solutions on ASEAN's digital transformation and economic growth.LADT: Facilitating Digital Currency Transformation in LaosSituated in the heart of Laos, a buzz of excitement is building across the financial sector as Lao National Digital Technology Group (LADT) is unveiled. This pioneering digital currency platform is poised to redefine the economic landscape of Laos and create ripples across the entire Association of Southeast Asian Nations (ASEAN) region. Positioned at the crossroads of Southeast Asia, LADT is not just transforming the financial transactions within Laos, but also casting a transformative influence on the broader ASEAN community.A Central Enterprise for a Digital FutureLao National Digital Technology Group (LADT), is a central enterprise directly managed by the Lao government. As an innovator in the digital technology sector, LADT is at the forefront of digital technology development, driving growth in the country’s digital economy industry.Since 2019, the Laotian government has been closely monitoring the progress of blockchain technology, recognizing its potential as a transformative force. The government sees this technology as a driving force for the expansion of businesses, bringing advantages not only to Laos and its citizens but also making a positive impact on the larger economic scene of ASEAN.LADT’s Impact on ASEANLADT’s influence stretches beyond the borders of Laos, making its presence felt throughout ASEAN and beyond. With a rapidly growing youth population, ASEAN is poised to become the world’s fourth-largest economy by 2030, with its combined gross domestic product already reaching trillions of dollars. This regional powerhouse comprises countries such as Indonesia, Malaysia, Singapore, the Philippines, Thailand, Brunei, Vietnam, Laos, Myanmar, and Cambodia.The spirit of cooperation among these nations has been the cornerstone of ASEAN’s success since its establishment in 1967. The organization’s commitment to fostering strong bonds of unity has led to remarkable achievements in regional progress and collaboration. ASEAN’s economic potential is further amplified by measures like economic integration, regional cooperation, and the ongoing process of digital transformation.NewPay: A Digital Ecosystem for LaosCentral to this digital transformation is NewPay, a dynamic platform that has been having great success throughout Laos. Beyond merely facilitating digital payments, NewPay is an enabler of cultural preservation. Through collaborations with institutions like the Lao Buddhist Association and the Patriotic Front of Laos, NewPay is bridging the gap between technology and tradition.NewPay’s partnerships extend to education as well. By collaborating with major universities in Laos, the platform is revolutionizing campus services. Students can utilize a “Campus Card” for a variety of services, from paying tuition and student loans to covering cafeteria expenses and library fees, creating an all-encompassing digital experience for university life.NewPay is also collaborating with industrial parks such as the Savan-Seno Special Economic Zone to create comprehensive digital ecosystems within these hubs. This extends to offering services like salary distribution, consumer finance, and offline payments, enhancing the quality of life for residents within these parks.Moreover, on the tenth anniversary of the “Belt and Road” initiative and the tenth year of the South Expo, three companies, Lao NewPay Technology Joint Venture Co., Ltd., Yunnan Haohong Supply Chain Co., Ltd., and Fudian Bank Co., Ltd., have joined together to work closely. They want to actively help and become a part of the “Belt and Road” project, and they also want to support the China-South Asia Expo, which is an important event where China and countries from South Asia cooperate in business and trade. Their goal is to make cooperation between Laos and Yunnan, a province in China, better. They will combine their strengths to promote more economic and trade interactions between China and Southeast Asia. This will also help the economy around the ports in Yunnan to grow faster. As a result of this partnership, they are creating the China-Laos Cross-Border Trade Facilitation Service Center, which will make it easier to trade between the two countries.NewPay invites individuals to visit its official website. There, users can learn more about NewPay, access the NewPay App, and start their easy registration process — a small step towards digital convenience and freedom.Exploring ASEAN USD Digital StablecoinLADT and NewPay are excited about the development of their new ASEAN Digital Stablecoin (ASEAN USD). ASEAN USD provides a safe and steady digital currency that works smoothly on the NewPay platform. There are many reasons why ASEAN USD is a great choice for people and businesses.ASEAN USD is unique because it can be minted directly with ASEAN fiat currencies, maintaining a 1:1 value peg to the US dollar. This connection means that ASEAN USD maintains a consistent value even during unstable times. Transparency is important to us so we provide accurate daily records of the current total assets and reserves. This openness means you can put your trust in ASEAN USD, knowing that your investments are properly financially supported.By choosing ASEAN USD you have a chance to be part of something new and exciting that will change the way we use money online.The ASEAN USD AdvantageIn a world of evolving financial systems, ASEAN USD stands out by offering a solution to conventional cross-border payment challenges. Unlike traditional digital payment methods that come with foreign exchange losses and transaction fees, ASEAN USD eliminates intermediaries and currency conversion fees, ensuring minimal transaction costs. Beyond convenience, ASEAN USD is embraced by the emerging Web3 community in Laos, offering interest income to those staking or holding ASEAN USD. Every ASEAN USD transaction generates revenue, benefiting both users and the larger ASEAN USD ecosystem.From online shopping to dining at restaurants, and even withdrawing local currencies from ATMs across the ASEAN region, ASEAN USD opens up many possibilities.As Laos takes strides into the digital era, ASEAN USD will be there to help drive economic growth, innovation, and cooperation both within the nation and across the ASEAN region. With the partnership of NewPay and the collective strength of ASEAN, the path to a digital economy is well on its way, promising prosperity and progress for Laos and its neighboring nations.