![]() | submitted by n4bb to CoinPath [link] [comments] |
![]() | The potential overlaps between cryptocurrency and gold continue to stir debate about their respective roles in the financial sector. Gold has a reputation that precedes itself. The most pre-eminent of precious metals has been a valuable standard since the earliest human civilizations. submitted by y0ujin to NovemGold [link] [comments] In the current investment scene, gold plays the useful role of a safe-haven asset. Investors can hedge a certain amount of gold as a means of portfolio diversification. It might, therefore, seem like an affront to compare gold to crypto. Cryptocurrencies like Bitcoin are synonymous with volatility, which makes traditional investors like Warren Buffet steer clear. Still, gold can work with crypto in remarkable ways. The similarities, whether in the form of decentralization, inelastic supply, and independence from mainstream stocks, make for exciting use-cases. Add gold-backed stablecoins to the scene, and the conversation is even more engaging. What Are Gold-Backed Stablecoins? A stablecoin is a cryptocurrency whose value corresponds to a valuable asset. The valuable asset could be anything from fiat currencies to precious metals, or even oil. USDT, the current leading stablecoin, came into prominence because its value was tethered to the US dollar. Therefore, gold-backed stablecoins use gold as their base physical asset. Stablecoins offer more stability than a typical cryptocurrency would enjoy and, as a result, they have earned credibility with investors keen on that trait.For gold-backed stablecoins, the typical structuring is that one token of stablecoin equals one gram of gold. The stablecoin’s price cannot fall below the prevailing rates for gold at any time. The physical gold is in the hands of a trustworthy third party. Top 6 Gold-Backed Stablecoins Gold-backed stablecoins have off-chain physical gold to back up their native blockchain tokens. This detail is the common thread for gold-backed coins and is the reason behind their stability. Here are some notable entities in this field: 1. Digix Gold Tokens (DGX) Digix is a notable gold-backed stablecoin from Singapore. The company uses blockchain technology to offer DGX tokens with gold backing. Digix has two types of tokens of offer: Digix Gold (DGX) and Digix DAO (DGD). Each DGX token equals one gram of gold. The platform uses a unique protocol called PoA (Proof of Asset) or PoP (Proof of Provenance) to ensure smooth transactions. Digix places LBMA-approved gold bullion in its Safe House vaults to guarantee the exchange rate. Therefore, Digix uses a real asset (gold), transfers its value to the blockchain, and evenly distributes shares among participants. Token owners participate in the platform’s development and can also exchange tokens for gold or any other coin. Since the tokens are in the Ethereum EIP20 format, investors can also use them for Ethereum contracts. Digix outsources auditing to French certification company Bureau Veritas every three months. With a proven track record since it began operation in 2016, Digix has a prominent position among those who provide asset stablecoins. 2. GoldMint GoldMint is a Russian blockchain platform that issues stablecoins backed by 100% physical gold or exchange-traded funds (ETFs). The founders have a wealth of experience in the gold processing industry. GoldMint founders have connections to an extensive pawnshop business in Russia. A core component of gold ownership is smallholders in items like jewelry. Pawnshops are, therefore, a key conduit for gold movement because of gold’s universal acceptance. The platform issues two native tokens: Gold and the MINT tokens. Gold is an investment token with full physical gold backing. A Gold token has the value of an ounce of gold by international standards. The GoldMint platform uses a private blockchain and graphene technology. GoldMint relies on an automatic diagnostic system in its Custody Bot to process information. The information ensures the MINT blockchain issues the correct amount of Gold tokens. Masternode operators earn commissions for every transaction of the MINT blockchain. Owing to the widespread pawnshop access, GoldMint exceeded 5,000 kg of scrap gold trading annual turnover in less than two years of trading gold tokens. 3. Ekon Gold Swiss startup Eidoo launched its gold-backed stablecoin in late 2017. The Ekon Gold stablecoin came soon after that. This token is ERC-20 compliant, and is tradable on the decentralized hybrid exchange of the project. Ekon founders made it so that traders could only exchange Ekon for one gram of 999 gold in a special store in Switzerland in insured safe deposit boxes. An independent auditing company, PluriAudit SA, audits the platform every quarter. Compared to some others, this company is more limited and more precise in its operations. Despite this, Eidoo raised $27.9 million during its token sale in October 2017 and gained a license from Swiss regulators. The company is keen to comply with AML regulations and complete the KYC procedure up to Tier 2. 4. Tiberius Tiberius is yet another Swiss stablecoin. Its mother company, Tiberius Group AG, announced the issue of Tiberius tokens in September 2018. Tiberius tokens offer high stability as they boast the backing of a basket of seven precious metals, including gold. This platform is still in its formative stages of operation but is already attracting investor interest. Just like Ekon Gold, Tiberius ensures its operations are on the right side of the relevant Swiss laws. The platform has delayed the sale of Tiberius Coin. CEO Giuseppe Rapallo attributes this delay to the desire for more diversification, in order to make the coin even more stable. This coin is looking to anchor its value to a wide range of stable assets. 5. OneGram (OGC) — UAE The OneGram project aims at ensuring that each token has the backing of at least one gram of physical gold. The choice of gold is deliberate because gold is one of six Ribawi assets that can be freely traded across the Muslim world. The context is important because the UAE is an Islamic country. Making the coin Sharia compliant will endear it more widely to the native population. OneGram relies on a Proof of Stake (PoS) blockchain to facilitate fast transactions. Notably, it features a democratic community of OneGram stakeholders who elect delegates and validators. In summary, the coin combines the stability and reputation of gold, the convenience of cryptocurrency, and Sharia compliance. OneGram can be the key that opens up the Arab and South Asian markets to cryptocurrency. 6. Novem Gold (Liechtenstein) Novem Gold is the final installment in this illustrious list of gold-backed stablecoins. This unique platform stores gold securely in Liechtenstein, which has suitable legal and security arrangements to operate seamlessly. Novem Gold has two types of tokens: the NNN and NVM tokens. Each 100 NNN tokens correspond to a gram of gold in the company’s storage facilities. Token holders have a convenient platform to trade gold digitally. Traders have the assurance of a stable gold-backed token, which complies with a specific value ratio. Novem Gold founders have tremendous experience in the precious metals trade. Investors can have digital ownership of LBMA-certified physical gold. Anyone can tokenize their gold at the brick-and-mortar stores Novem Gold intends to open in a number of major European cities. To ensure that the ratio of NNN tokens to gold remains correct, Novem Gold has partnered with respected auditor Grant Thornton to carry out quarterly audits. Novem Gold conducts regular token burns to ensure the scarcity ratio is intact. To Sum it Up Given the fact that cryptocurrency is a very volatile asset, a stable crypto monetary system seems like a lofty ambition. Gold-backed stablecoins have the potential to change this narrative completely. Anyone with a knowledge of finance knows the reliability of gold as a store of value. Therefore, backing crypto with a tangible asset like gold offers a viable option to those who are wary of crypto’s volatility. You can enjoy the luxury of not having to store or transport the bulky precious metal. https://preview.redd.it/ftyv4x0scl541.jpg?width=1920&format=pjpg&auto=webp&s=ee957e07263a195d8b07bb88f96e5440a81ebf85 |
![]() | Dear Airdropbob Comunity submitted by AirdropBob to AirdropBob [link] [comments] https://preview.redd.it/v6b8vgq4zm741.png?width=200&format=png&auto=webp&s=fc3e04945488c22245aa12c78d1f0c2d5b4bcbfa Welcome back to another weekly edition of our airdrop report. Here you will find all the necessary information in one quick session, so you don't have to watch out every day for the best and most rewarding airdrops of the industry! We hope you enjoy the read and find the projects as interesting as we do!! This week started out with TKS. The WAVES based TKS token is the native crypto currency of Multichain Ventures. This is the parent company behind projects like EDEN, the Tokes platform or Cubed. In all these projects the TKS token is included as the native currency and will also be included in future projects. Further more there is a token burn program implemented and they even offer staking to token holders to generate a passive income on the side. Get more information and the Reflink here: https://www.airdropbob.com/mulitchain-ventures/airdrop-mulitchain-ventures-by-airdropalert Projects website: https://multichain.ventures Then there was RAYAX token airdrop by the EXRAYA crypto currency exchange. The ERC20 based RAYAX token is their native crypto currency and is to be used for all services and fees on the platform. They offer staking to the token holders, have an implemented token burn program and more features planned for the future. The exchange also offers 24/7 multi language support for the users. Supports several trading methods and is of course available as web or mobile app as well. Get more information and the Reflink here: https://www.airdropbob.com/rayax/airdrop-rayax Projects website: https://exraya.com Later in the week we brought to the PEAK token airdrop by MarketPeak. This project was created to provide crypto enthusiasts with a community for trusted new projects. All featured tokens are audited and checked for legal compliance. And the users only have to KYC once to gain access to all new and future listed projects. And with their ERC20 based native PEAK token the holder will be elegible for discounts and other perks in the future. Get more information and the Reflink here: https://www.airdropbob.com/marketpeak/airdrop-marketpeak Projects website: https://marketpeak.com There was the NXX token airdrop by Nexxus Rewards. This ERC20 based token is the native currency of the Nexxus Rewards ecosystem. This ecosystem was created to present the world a new global reward platform to compete with indusry leaders like Groupon. They offer affordable marketing solutions, provide the opportunity for community fund raisers and have a special rewards system for shoppers. The token is created to serve as payment option on the platform and also for third party goods and services. And according to their website it can always redeemed on the platform for the minimum of 1$. Get more information and the Reflink here: https://www.airdropbob.com/nexxus/airdrop-nexxus Projects website: http://www.nexxusrewards.com On Friday we presented you the COMM token airdrop by Crypto Commonwealth. This project was created to drastically change the way crypto asset management is done today and also take a stab at the publishing industry at the same time. The platform offers new possibilities for writers in the field of crypto with different formats. They offer the so called smart beta fund to accredited investors. And the ERC20 based COMM token enables all features on the entire platform. So don't wait and have a look at what they have to offer! Get more information and the Reflink here: https://www.airdropbob.com/crypto-commonwealth/airdrop-crypto-commonwealth Projects website: https://cryptosmartbeta.com And on Saturday we brought to you the BUY token airdrop by Burency. The ERC20 based BUY token is the native crypto currency of the middle Eastern focused Burency crypto exchange. The exchange offers their users access to their own mining farm and they also have their own blockchain development centre based in the UAE. Their native token is used as a base pair on the exchange and is to be used for purchases of goods and services on the platform. Further more they have a token burn program implemented and token holders will also be elegible for discounts on trading fees. Get more information and the Reflink here: https://www.airdropbob.com/burency/airdrop-burency Projects website: https://burency.icoadm.in/users/sign_in And if you want to know more about everything CryptoAirdrop related and how to participate, go visit: https://www.airdropbob.com Like us on Facebook: https://www.facebook.com/AirdropBob.io Join us on Telegram: https://telegram.me/AirdropBobChannel Follow us on Twitter: https://twitter.com/BobAirdrop Follow us on Medium: https://medium.com/@airdropbob Or subscribe on Steemit: https://steemit.com/@airdropbob #airdropbob #airdrops #crypto #cryptoairdrops |
![]() | Apart from scaling, arguably the key issue of the crypto industry is mass adoption. Stellar has solved the first issue, being one of the fastest blockchains out there. But what is it that makes Stellar one of the most promising blockchains in terms of adoption? submitted by Stellar__wallet to Stellar [link] [comments] In today’s post, we’ll explain how you can store just about any asset in your XLMwallet — from euros to commodities like gold. Anything that can be digitalized can become a Stellar asset. How is this possible? Stellar was designed as a platform to transfer fiat currencies across borders almost instantly and as cheaply as possible. In other words, Stellar is not a cryptocurrency for cryptocurrency’s sake. It has a purpose: to serve as a link between the world of crypto and the traditional financial markets. It’s great to talk about a future decentralized economy where every person becomes their own bank and even people in the poorest countries can use crypto. But this is a far-fetched vision. In the next decades, fiat currencies remain the basis of the global economy. Dollar, euro and yuan aren’t going anywhere. Hundreds of millions of migrant workers will still need to send money home — and their families will need that money in their local fiat currency. Crypto enthusiasts often forget that most of the world’s population still lives in cash economies. Here’s where Stellar can make all the difference. You can take any fiat asset and turn it into a digital token. It doesn’t even have to be a currency — you can tokenize grain, gold, oil, mineral ore, coffee, anything. No complicated coding is needed to issue new assets. You can also customize the settings to limit access to your token. For instance, you can implement an obligatory KYC or exclude nationals of certain countries from trading your tokens. How is your underlying real-world asset converted into tokens? This is done by a network of anchors — entities that accept fiat assets and issue credits instead. Any licensed financial institution can be an anchor. So for example, imagine that your an expat worker from South Asia living in Dubai. You earn UAE dirhams, but your family back in India should receive rupiahs. You bring your fiat AED to a Stellar anchor institution — for instance, a bank. They take the money and add credits to your blockchain wallet — tokenized AED. You enter your XLMwallet, enter your recipient’s blockchain address and the amount. Stellar automatically converts tokenized AED into tokenized rupiahs, and in a few seconds your wife receives the transfer. She visits her local anchor institution and receives fiat rupiahs, while the tokenized credits are removed from her account. What does this mean for the users of XLMwallet? That you can potentially transact with any currencies, fiat or crypto. Of course, so far there aren’t many tokenized fiat currencies in the Stellar network, but their number is growing. It’s not for nothing that IBM is building its new global money transfer system based on Stellar. Next time, we’ll look at how Stellar’s consensus protocol works — this will help you understand how the transactions in your XLMwallet can be processed so fast. https://xlmwallet.co/ #stellarlumens #stellar #lumens #xlm #wallet #stellarwallet #stellarlumenswallet #lumenswallet #xlmwallet #xlmwalletco #blockchain #cryptowallet #money #stellarorg Web site - https://xlmwallet.co/ Medium - https://medium.com/@stellar_wallet Teletype— https://teletype.in/@stellar_wallet Twitter - https://twitter.com/XLMwalletCo |
![]() | The Blockchain technology and cryptocurrency are not new to the UAE as the oil-rich conglomerate of nations have launched the Dubai Blockchain strategy in 2016. submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments] Learn more about the Hamdan Token. Click Here: www.hamdantoken.io #hamdantoken #cryptocurrency #bitcoin #blockchain #btc #crypto #price #ethereum #ico #ltc #trading #eth #market #money #forex #trading #bitcoinmining #cryptonews #investment #entrepreneur #cryptotrading #business #forextrader #investing #bitcoinnews #litecoin #invest #binaryoptions #bitcoincash #coinbase #bitcoins #ripple #investor #trader #binance https://preview.redd.it/zyyubo0vzy641.jpg?width=520&format=pjpg&auto=webp&s=904f4a6a5a51345f123fab0c68030eaab1ba2aa7 |
![]() | In January, US President Donald Trump called for tougher economic sanctions against Iran amid a worsening conflict between the two countries. Pressure from America has been affecting the economy of former Persia for over 40 years, starting with the Islamic Revolution in 1979. But it seems that in 2020, the Iranians found a way to reduce the impact of many restrictions. In late January, journalists from the Arab international publication Asharq Al-Awsat told the world about Iran’s new bitcoin strategy, whose main goal is to circumvent international sanctions. At the same time, not only Iran, but also a number of other states are interested in the opportunity to deal with economic restrictions using digital money. Why do cryptocurrencies see salvation from sanctions? What role will CBDC play in this? And how do regulators imposing economic sanctions respond to the new movement? submitted by affilcoin to u/affilcoin [link] [comments] https://preview.redd.it/2m36sp6cpvf41.jpg?width=1480&format=pjpg&auto=webp&s=afb1b82de1514cda1ebc7acfcbb5c34f0b3d93d7 Iran and US exampleSanctions imposed on countries may differ in terms of severity and scope, but they are united by one thing — they negatively affect the local economy to a greater or lesser extent. Therefore, it is quite reasonable that many would like to get rid of them. Moreover, some countries, such as Iran, experience them very painfully. According to Asharq Al-Awsat reporters, only in the last two years, under the influence of US sanctions, the Iranian economy has dipped by 10–20%.The example of Iran today is not just the most relevant. It also perfectly illustrates the severity of the sanctions and how cryptocurrencies help get around them. Under US restrictions, no American companies (including banks) are allowed to do business with Iranian partners. This actually cuts off Iran’s trade force, because the country is losing the ability to enter into profitable agreements with many of the world’s largest corporations. This situation is especially critical given how much Iran could earn from the US oil trade (just take a look at the UAE). The second most important economic burden weighing on the shoulders of the Iranians is the ban on the use of dollars and disconnection from the international SWIFT system. For domestic transactions, such a restriction is useless and hits the state in about the same way as against a wall of peas. However, it seriously complicates foreign trade, because any Iranian international company is forced to rely on alternative currencies. This applies to absolutely all transactions with foreign companies, the vast majority of which use the dollar when conducting international business. Only a small part relies on the euro and even more so it is unlikely that any of the large companies will want to conduct transactions using the weak and unstable Iranian rial. Naturally, pressure on Iran’s foreign policy negatively affects its internal state. In such a situation, bitcoin for the country becomes a kind of messiah, because it can be used to circumvent legal barriers and conduct international trade outside the traditional banking system. A good example: using bitcoin, you can conclude deals with foreign companies, including American ones (behind the scenes), and sell them the same oil. Bitcoin is used not only by governments, but also ordinary citizens. Cryptocurrency for them is almost the only opportunity to send a transfer abroad and save money with high inflation and devaluation of the national currency. At the same time, the Iranians consider Bitcoin not only as a payment instrument, but also as a source of income. We are talking about banal mining, which unfolded on a large scale amid cheap Iranian electricity and the constant devaluation of the rial. Asharq Al-Awsat cites 2019 data: • Last year, 1,650 Iranians using bitcoin were interviewed. • It turned out that 25% of them earn on cryptocurrencies from $ 500 to $ 3000 per month, including mining.Initially, the idea of mining was not particularly liked by the government, which prefers to punish the locals for the abuse of cheap electricity. However, in August 2019, mining in the country was recognized as a legal sector of the economy. Since then, regulators have issued more than a thousand licenses for the legal mining of bitcoins to local entrepreneurs. At the same time, today, the Iranian authorities themselves produce cryptocurrency and use the received coins to finance the state and carry out trade transactions in circumvention of sanctions. Cryptocurrencies as a salvation from sanctionsIran’s example is far from the only one when it comes to the use of digital money with the goal of circumventing sanctions in one way or another. For instance:• At the end of 2018, the Venezuelan government launched its own digital coin, Petro. Technically, this is just another ERC20 token based on Ethereum. But in practice it is a tool for concluding international transactions bypassing sanctions imposed by the American government. When launching the national cryptocurrency, President Nicolas Maduro bluntly stated that Petro would help the country “break the financial blockade.” It cannot be said that the Venezuelan initiative has succeeded at the international level, however, the very idea is a “wake-up call” for world sanctions. • In November 2019, the BRICS countries (Brazil, Russia, India, China, South Africa) expressed interest in creating a single cryptocurrency for trade settlements between the members of the union. This is a certain analogue of SWIFT, the main purpose of which is to protect itself from sanctions in order to avoid situations, as in Iran. A similar question is especially acute for China, which is waging a trade war with the United States and runs the risk of running into serious economic measures on the part of Washington, as well as for Russia, which is under growing pressure from world regulators. • Two months ago, US law enforcement authorities arrested Ethereum developer Virgil Griffith for aiding the DPRK authorities in circumventing sanctions. The FBI claims that Griffith attended a local blockchain conference and talked about options for using cryptocurrencies for illegal international payments. First and foremost, US authorities fear that North Koreans will use knowledge to fund a nuclear weapons program. • A few days ago, the popular Blockchain.com crypto wallet (formerly Blockchain.info) added the ability to quickly convert the Turkish lira to BTC and vice versa. Turks are interested in diversifying their savings, since the national currency is experiencing serious problems and today it is estimated at only 20% of its value in 2008. In many ways, for its problems, the lyre should “thank” the American sanctions imposed on Turkey for its role in the situation with Syria. And even if they were canceled in October, the US Senate in December called on Trump to apply new economic restrictions in response to the fact that Turkey is a member of NATO and does not shy away from purchases of Russian defense systems. Amid these problems, foreign banks are gradually ceasing their activities in the country, exacerbating the unenviable position of the Turks. Meanwhile, already a quarter of citizens are actively using bitcoins and are thus protected from the consequences of sanctions. In an attempt to save the economy, the Turkish government is seriously considering the use of national digital currencies.It is interesting that with the help of cryptocurrencies it is possible to bypass not only international, but also internal corporate sanctions in almost any country in the world. We are talking about the most common state prohibitions on any product or service. The fact is that in almost all countries of the world such restrictions imply a legal backdoor for ordinary citizens, because the criminal liability applies only to service providers, but not to consumers. Let us illustrate with the example of Norway. The government has officially banned the gambling sector. Under the law, almost everything that remotely resembles gambling rates is prohibited. Nevertheless, the growing number of new online casinos suggests that the ban does not work. Why is that? Because local gaming platforms are managed anonymously, use advanced security measures and implement a cryptocurrency payment system. As a result, the authorities, purely technically unable to track the owners and close illegal sites. But most importantly, the Norwegians are calmly betting on digital money, without fear of the wrath of regulators and any legal consequences. Just because the law says that the consumer is not to blame. Is this good or badAll of the above looms in a rather controversial picture:• On the one hand, crypto enthusiasts around the world should be proud that the blockchain technology has turned out to be so powerful and effective that entire countries consider cryptocurrencies as a way to repulse sanctions. In this way, states can gain long-awaited freedom and pursue the policy that they consider necessary. • On the other hand, sanctions are imposed for a reason. For some countries, this is salvation, but for others, problems. In today’s economy and politics, sanctions play an important role. In this aspect, the States see cryptocurrencies as a threat to national security, so every year they tighten the screws on crypto projects more tightly and tighten the noose around the neck of the cryptocurrency exchange.Forbes blockchain expert Jason Brett, a former representative of the American Federal Deposit Insurance Corporation (FDIC), believes that the American authorities are confused and urgently need help from the crypto industry. Talented blockchain specialists could help develop economic sanctions that are effective in the world of cryptocurrencies. But until then, the expert believes, the policy of Americans regarding digital money will remain quite aggressive, and in their attempts to curb technology they will restrain its growth. |
![]() | It will be an innovative and revolutionary step towards investing in robotics and artificial intelligence based on ERC 20 technology, thereby paving the way for the citizens of the UAE and GCC to make profits from the endeavor. submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments] Learn more about the Hamdan Token Click Here: www.hamdantoken.io #hamdantoken #cryptocurrency #bitcoin #blockchain #btc #crypto #price #ethereum #ico #ltc #trading #eth #market #money #forex #trading #bitcoinmining #cryptonews #investment #entrepreneur #cryptotrading #business #forextrader #investing #bitcoinnews #litecoin #invest #binaryoptions #bitcoincash #coinbase #bitcoins #ripple #investor #trader #binance https://preview.redd.it/sblabqjs2z541.jpg?width=800&format=pjpg&auto=webp&s=c818549dc6b0af244b4ab8c3881285611445da1a |
![]() | The potential overlaps between cryptocurrency and gold continue to stir debate about their respective roles in the financial sector. Gold has a reputation that precedes itself. The most pre-eminent of precious metals has been a valuable standard since the earliest human civilizations. submitted by y0ujin to NovemGold [link] [comments] In the current investment scene, gold plays the useful role of a safe-haven asset. Investors can hedge a certain amount of gold as a means of portfolio diversification. It might, therefore, seem like an affront to compare gold to crypto. Cryptocurrencies like Bitcoin are synonymous with volatility, which makes traditional investors like Warren Buffet steer clear. Still, gold can work with crypto in remarkable ways. The similarities, whether in the form of decentralization, inelastic supply, and independence from mainstream stocks, make for exciting use-cases. Add gold-backed stablecoins to the scene, and the conversation is even more engaging. What Are Gold-Backed Stablecoins?A stablecoin is a cryptocurrency whose value corresponds to a valuable asset. The valuable asset could be anything from fiat currencies to precious metals, or even oil. USDT, the current leading stablecoin, came into prominence because its value was tethered to the US dollar.Therefore, gold-backed stablecoins use gold as their base physical asset. Stablecoins offer more stability than a typical cryptocurrency would enjoy and, as a result, they have earned credibility with investors keen on that trait. For gold-backed stablecoins, the typical structuring is that one token of stablecoin equals one gram of gold. The stablecoin’s price cannot fall below the prevailing rates for gold at any time. The physical gold is in the hands of a trustworthy third party. Gold-backed stablecoins leverage gold’s stability to create unique digital currencies. Traders use stablecoins to hedge against inflation, which is a distinct risk when handling cryptocurrencies. In specific ways, they can act as reserve currencies for the cryptocurrency sector. In a real-life example, developing countries trade with each other but use established currencies like the US dollar to facilitate trade, rather than handling the unstable native currencies of their trading partners. In the same way, high-frequency traders on a crypto exchange can use a stablecoin to reduce their exposure to volatile cryptocurrencies. Other specific uses of stablecoins include:
Top 6 Gold-Backed StablecoinsGold-backed stablecoins have off-chain physical gold to back up their native blockchain tokens. This detail is the common thread for gold-backed coins and is the reason behind their stability. Here are some notable entities in this field:1. Digix Gold Tokens (DGX)Digix is a notable gold-backed stablecoin from Singapore. The company uses blockchain technology to offer DGX tokens with gold backing. Digix has two types of tokens of offer: Digix Gold (DGX) and Digix DAO (DGD). Each DGX token equals one gram of gold.The platform uses a unique protocol called PoA (Proof of Asset) or PoP (Proof of Provenance) to ensure smooth transactions. Digix places LBMA-approved gold bullion in its Safe House vaults to guarantee the exchange rate. Therefore, Digix uses a real asset (gold), transfers its value to the blockchain, and evenly distributes shares among participants. Token owners participate in the platform’s development and can also exchange tokens for gold or any other coin. Since the tokens are in the Ethereum EIP20 format, investors can also use them for Ethereum contracts. Digix outsources auditing to French certification company Bureau Veritas every three months. With a proven track record since it began operation in 2016, Digix has a prominent position among those who provide asset stablecoins. 2. GoldMintGoldMint is a Russian blockchain platform that issues stablecoins backed by 100% physical gold or exchange-traded funds (ETFs). The founders have a wealth of experience in the gold processing industry.GoldMint founders have connections to an extensive pawnshop business in Russia. A core component of gold ownership is smallholders in items like jewelry. Pawnshops are, therefore, a key conduit for gold movement because of gold’s universal acceptance. The platform issues two native tokens: Gold and the MINT tokens. Gold is an investment token with full physical gold backing. A Gold token has the value of an ounce of gold by international standards. The GoldMint platform uses a private blockchain and graphene technology. GoldMint relies on an automatic diagnostic system in its Custody Bot to process information. The information ensures the MINT blockchain issues the correct amount of Gold tokens. Masternode operators earn commissions for every transaction of the MINT blockchain. Owing to the widespread pawnshop access, GoldMint exceeded 5,000 kg of scrap gold trading annual turnover in less than two years of trading gold tokens. 3. Ekon GoldSwiss startup Eidoo launched its gold-backed stablecoin in late 2017. The Ekon Gold stablecoin came soon after that. This token is ERC-20 compliant, and is tradable on the decentralized hybrid exchange of the project.Ekon founders made it so that traders could only exchange Ekon for one gram of 999 gold in a special store in Switzerland in insured safe deposit boxes. An independent auditing company, PluriAudit SA, audits the platform every quarter. Compared to some others, this company is more limited and more precise in its operations. Despite this, Eidoo raised $27.9 million during its token sale in October 2017 and gained a license from Swiss regulators. The company is keen to comply with AML regulations and complete the KYC procedure up to Tier 2. 4. TiberiusTiberius is yet another Swiss stablecoin. Its mother company, Tiberius Group AG, announced the issue of Tiberius tokens in September 2018. Tiberius tokens offer high stability as they boast the backing of a basket of seven precious metals, including gold. This platform is still in its formative stages of operation but is already attracting investor interest.Just like Ekon Gold, Tiberius ensures its operations are on the right side of the relevant Swiss laws. The platform has delayed the sale of Tiberius Coin. CEO Giuseppe Rapallo attributes this delay to the desire for more diversification, in order to make the coin even more stable. This coin is looking to anchor its value to a wide range of stable assets. 5. OneGram (OGC) — UAEThe OneGram project aims at ensuring that each token has the backing of at least one gram of physical gold. The choice of gold is deliberate because gold is one of six Ribawi assets that can be freely traded across the Muslim world.The context is important because the UAE is an Islamic country. Making the coin Sharia compliant will endear it more widely to the native population. OneGram relies on a Proof of Stake (PoS) blockchain to facilitate fast transactions. Notably, it features a democratic community of OneGram stakeholders who elect delegates and validators. In summary, the coin combines the stability and reputation of gold, the convenience of cryptocurrency, and Sharia compliance. OneGram can be the key that opens up the Arab and South Asian markets to cryptocurrency. 6. Novem Gold (Liechtenstein)Novem Gold is the final installment in this illustrious list of gold-backed stablecoins. This unique platform stores gold securely in Liechtenstein, which has suitable legal and security arrangements to operate seamlessly.Novem Gold has two types of tokens: the NNN and NVM tokens. Each 100 NNN tokens correspond to a gram of gold in the company’s storage facilities. Token holders have a convenient platform to trade gold digitally. Traders have the assurance of a stable gold-backed token, which complies with a specific value ratio. Novem Gold founders have tremendous experience in the precious metals trade. Investors can have digital ownership of LBMA-certified physical gold. Anyone can tokenize their gold at the brick-and-mortar stores Novem Gold intends to open in a number of major European cities. To ensure that the ratio of NNN tokens to gold remains correct, Novem Gold has partnered with respected auditor Grant Thornton to carry out quarterly audits. Novem Gold conducts regular token burns to ensure the scarcity ratio is intact. To Sum it UpGiven the fact that cryptocurrency is a very volatile asset, a stable crypto monetary system seems like a lofty ambition. Gold-backed stablecoins have the potential to change this narrative completely. Anyone with a knowledge of finance knows the reliability of gold as a store of value.Therefore, backing crypto with a tangible asset like gold offers a viable option to those who are wary of crypto’s volatility. You can enjoy the luxury of not having to store or transport the bulky precious metal. https://preview.redd.it/4r359npz3l541.jpg?width=1920&format=pjpg&auto=webp&s=64c07f6b7804638ca1846486f6bfd744d98a76ac |
![]() | The Token will be investing in Artificial Intelligences and Robotics based on the Ethereum Platform, thereby paving the way for the citizens of UAE and GCC to make profits from the endeavor. submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments] Learn more about the Hamdan Token Click Here: www.hamdantoken.io #hamdantoken #cryptocurrency #bitcoin #blockchain #btc #crypto #price #ethereum #ico #ltc #trading #eth #market #money #forex #trading #bitcoinmining #cryptonews #investment #entrepreneur #cryptotrading #business #forextrader #investing #bitcoinnews #litecoin #invest #binaryoptions #bitcoincash #coinbase #bitcoins #ripple #investor #trader #binance https://preview.redd.it/r0qp90nr07441.jpg?width=800&format=pjpg&auto=webp&s=1bdd93b9b2f69ac48fbcc40b90036a1679734139 |
![]() | Blockchain technology and cryptocurrency are not new to the UAE as the oil-rich conglomerate nation launched the Dubai Blockchain strategy earlier to become the first country in the world to do so. submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments] Learn more about the Hamdan Token Click Here: www.hamdantoken.io #hamdantoken #cryptocurrency #bitcoin #blockchain #btc #crypto #price #ethereum #ico #ltc #trading #eth #market #money #forex #trading #bitcoinmining #cryptonews #investment #entrepreneur #cryptotrading #business #forextrader #investing #bitcoinnews #litecoin #invest #binaryoptions #bitcoincash #coinbase #bitcoins #ripple #investor #trader #binance https://preview.redd.it/6ix82nwtqr341.jpg?width=800&format=pjpg&auto=webp&s=06622bdae3d43b27a7b3ebd5fec868fa891f463f |
![]() | GCC nationals will get a golden opportunity to invest in the crypto market and consolidate UAE’s position as the leading investor nation in cryptocurrency. Learn more about the Hamdan Token Click Here: www.hamdantoken.io #hamdantoken #cryptocurrency #bitcoin #blockchain #btc #crypto #price #ethereum #ico #ltc #trading #eth #market #money #forex #trading #bitcoinmining #cryptonews #investment #entrepreneur #cryptotrading #business #forextrader #investing #bitcoinnews #litecoin #invest #binaryoptions #bitcoincash #coinbase #bitcoins #ripple #investor #trader #binance submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments] https://preview.redd.it/ajc48l0thk341.jpg?width=800&format=pjpg&auto=webp&s=0ce8861b60fb37afc0c8c4b4a21c6e3ca8de0b14 |
![]() | Hiya folks! This was one of the most eventful weeks in recent Parachute history. Strap onto your seatbelts. Here we go! submitted by abhijoysarkar to ParachuteToken [link] [comments] Cap announced the start of a new journey with BOMB’s latest venture, BOMBX (more on that later). In short, new groups will get to explore ParJar, new tokens will be added and a ton of new communities will get to experience Parachute in all its glory. Plus, ParJar will add the Binance chain to its list of supported chains. BEP2 tokens, here we come! Cap’s interview with The Crypto Lifestyle was this week as well. Have a look! PAR got listed on MetaMorphPro through a Twitter vote. This week we added a new token to ParJar: SNTR (Silent Notary). Read more about the project here. Don’t forget Cap’s reminder: when you join a new partner project channel, read up on them, join to learn about the project, be a part of their community. We want ParJar to be used as a tool for that community. Hence, try not to tip other coins/tokens there (including PAR). Derjenige is a master of woodwork. Check out how he makes PAR coasters Ian hosted an art trivia in the Tiproom. 50k PAR given away. Noice! In the Big Chili Race, Jason is still ahead of the competition at 47 cm. Just 3 more centimeters to win 400k PAR. If you’ve been meaning to use the Parachute sticker set on Telegram but couldn’t find it, click here. Cryptonoob has been hard at work designing UX concepts for the Parachute app. This week, he interviewed Parachuters to gauge user sentiment. Chris announced the start of a British Open Pick ‘Em Tournament with a prize pot of 100k PAR. Say what! Jason’s flash game for 65k PAR to find the “weirdest product for sale on the internet” saw some super wacky items being posted. Evan, Alexis and CF picked the craziest ones. Pika, Nilzinho, Richi and Airdrop won honourable mentions. Lmao! Roberto was kind enough to translate the ParJar guide to Spanish. Big Chili Race participants. L to R: Abhijoy (8th), Tony (2nd), Jason (1st), Richi (5th) BOMB announced the launch of an exploratory incubator on the Binance Chain called BOMBX. As Zachary explained during the livestream of the launch, while BOMB signifies destruction, BOMBX signifies creation. All BOMB token holders will receive BOMBX tokens (XIO) in 1:25 ratio. Find out more from Dash’s article linked above. Check this tweet thread for the TLDR. If you plan to watch the full announcement video, check out the index to skip to the sections of your interest. This infographic should help explain the incubator ecosystem being planned. There was also a giveaway for the top lessons shared by entrepreneurs from the BOMB community. As announced in the last update, BOMB was listed on Hotbit this week. Benjamin’s latest report on tokenomics got published. And as promised, the token statistics dashboard went live this week. Opacity is also one of the partners of BOMBX. As the explained in their article, Opacity will be the preferred storage provider for startups incubated by BOMBX. Opacity’s whitepaper is also now available with an Opacity storage handle for downloading and reading. BOMBX Partners This week’s Parachute + Uptrennd brainstorm session focused on Technical Analysis. Uptrennd founder Jeff sat down with Enjin CTO Witek Radomski to talk about the Efinity scaling solution, ERC-1155 marketplace and other topics. Membership on Uptrennd has been growing steadily. This called for a celebratory giveaway with egamers.io. Plus, Idex listing of 1UP is expected next week. Another public voting for a free detailed review of a project by the Uptrennd team started this week. aXpire’s AXPR token was listed on Binance Dex. Woot woot! Like last week, the weekly aXpire burn event was for 20k AXPR. Reasons for the double burn to be released in next update. There’s also a new dashboard to track all the token burns now. Checked out Clinton’s cool aXpire mug yet? Do it! And finally, catch up on the weekly updates at aXpire and the crypto space from this video. 2gether won the second prize on Pitch Day at the Barcelona Trading Conference. Congratulations! AXPR Burn dashboard (as on 28-Jul-19) Fantom appointed their consultant Bariq Sekandari as Director of BD and Listings this week. Bariq has been the driving force behind the deluge of FTM listings on exchanges in the last few weeks. The project also entered into a partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group to join hands in the Dubai smart city project. This news was covered by The Merkle, Coin Spectator and The Daily Chain. In this week’s technical article, the Sfxdx team writes about ChainWitness consensus algorithm. If you’ve missed the July updates of Fantom, fret not. CMO Michael Chen has covered it all in this post. Fantom also joined the Government Blockchain Association (GBA) this week along with several key figures from Fantom being added to the GBA Consultant Directory. Core dev Andre Cronje will be speaking at CFN Network’s “Future of Blockchain and Bitcoin” event at London in September. Click here for deets. The infogif contest winner was declared. THORChain announced a partnership with Fantom to allow BEP2 token swaps at market rates. Benjamin Cowen’s first FTM deep dive was released. Neat! Plus, Chico Crypto, That Martini Guy, Crypto Zombie and Bloxlive featured the project in their videos this week. Fantom sets up its footing in Dubai Hydro and its molecule solution got featured in World Blockchain Forum’s latest Medium article. Hydro announced the start of its article contest and winner of the video contest. Click here and here for the latest updates on all the moving parts of Hydro. Switch and SwitchDex were covered by BitcoinNews, The Merkle, Coinspeaker, NullTx, Incrypts, Altcoin Sara and Cryptopedic. ESH got listed on AltMarkets with a BTC pairing. Ahead of the start to the SMS Beta Testing phase, Birdchain announced social media competition. 50k BIRD up for grabs! Marketeers, have a read of their article on the efficacy of Pay-per-click campaigns. The latest Bounty0x bi-weekly update is available here. We have covered most of the news items in past updates. Catch up on District0x news from the weekly update post. All the pending questions from last week’s ETHOS AMA were answered this week in another AMA with founder Shingo and Voyager CMO Steve Capone. Following a system maintenance, Update 2.0 for the Universal Wallet went out this week. Upgrades include faster transactions, fee improvement and listing of BCH. Remember Horizon State’s nomination to the Wellington Gold Awards? They have started introducing the nominees recently and featured Horizon State this week. The project also got nominated for a Blockies Award by Blockchain Australia. Woot! And last but definitely not the least, Horizon State is now conducting a vote for The Opportunities Party in New Zealand. Check it out here. Cap’s beer haul from the Parachute Beer Exchange. Courtesy: Thane And with that, it’s a wrap for this week at Parachute and partners. See you soon with another weekly update. Ciao! |
![]() | Hamdan Token will be utilized as a utility token in many of Dubai’s and UAE’s business and government services. submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments] Learn more about the Hamdan Token. Click Here: www.hamdantoken.io #hamdantoken #cryptocurrency #bitcoin #blockchain #btc #crypto #price #ethereum #ico #ltc #trading #eth #market #money #forex #trading #bitcoinmining #cryptonews #investment #entrepreneur #cryptotrading #business #forextrader #investing #bitcoinnews #litecoin #invest #binaryoptions #bitcoincash #coinbase #bitcoins #ripple #investor #trader #binance https://preview.redd.it/fm0nbbjzhz041.jpg?width=800&format=pjpg&auto=webp&s=047b31d678e84b0064fe2bb82c0a434c17693800 |
PALO ALTO, Calif. (PRWEB) August 19, 2020 Globally recognized as one of the leading cryptocurrency and blockchain development company, HashCash Consultants will be providing its advanced crypto trading bot software to a major exchange in UAE. They will aid later in fortifying their existing infrastructure of the trading platform to enhance the trading experience of the exchange users. The crypto industry has seen an increasing influx of institutional investors in 2019. Crypto traders will see rapid growth in 2020. 2019 has been an exciting year for crypto and blockchain enthusiasts in the UAE.Crypto markets have left the 2018 bear market behind and Bitcoin has seen an impressive revival. HashCash Consultants has announced that it will be providing its advanced crypto trading bot software to a major exchange in UAE. They will aid later in fortifying their existing infrastructure of the trading platform to enhance the trading experience of the exchange users. “HashCash has designed a wide range of advanced tools and software to streamline trading operation for The UAE, the second-biggest Arab economy, has set out to become a leader in blockchain. According to Rashid Yusup, CEO of Taklimakan, which provides services in crypto education, analytics and social networking, the country is ahead of the global pack in its adoption of crypto. UAE Crypto Trading Market. Crypto regulations in UAE has some limitations, but the market is allowed to use blockchain technology when it comes to their trading operations. The leading exchange office is UAE Exchange which has become a partner with Ripple to enhance their trading services.
[index] [415] [981] [506] [792] [184] [828] [341] [780] [746] [55]
Crypto Point Hindi 46,476 views 13:01 എന്താണ് ബിറ്റ് കോയിൻ ദുബൈ റേഡിയോ ടോക്ക് ഷോ What is bit coin Radio talk show dubai ... Dubai Heist. Fancy becoming a crypto-millionaire for all of two days before being sent to jail? Thats exactly what 10 not-so- clever gang members in Dubai can attest to. The plan was simple ... Bitcoin Loophole UAE Review 2020. Bitcoin Loophole app is a great crypto trading robot that we recommend for any trader aiming to maximize their returns. In this tutorial, you will learn 'Step by step process to buy bitcoins easily in Dubai, UAE, Saudi, Kuwait.' I have also created a detailed guide through a blog post on how to buy bitcoin: https ... Today's video is a little different. I sat with a friend of mine who is also a Crypto trader and we talked about all things crypto. How do these guys make mo...