The choice to crowd fund this helps keep the spirit of decentralization, while also providing the public to buy into this exciting new potential. The project developers hope for it to becom⦠Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. They could trade with the speed and security that Ethereum’s Blockchain can offer, but also have the added stability that comes with precious metal investment. Silver ETF surges nearly 10% and aims for best day since 2008 as dealers point to a Reddit-backed short squeeze Published: Feb. 1, 2021 at 10:31 a.m. What we may have here is an entirely new way of thinking about digital assets and investments. Likewise, AGX coins are tradeable on secondary markets. For many who buy into the Cryptocurrency mindset, precious metals may only be worthwhile as the components of the miners and devices on which they access and operate within the Blockchain. Silver Coin is an asset-backed cryptocurrency, otherwise known as a stablecoin. LNK tokens being sold on the ICO receives 0.19% fee tradign as well. I can't find anything trustworthy. Guys, are you aware of any stablecoin backed with silver? ET The CEO of Tesla and SpaceX has vocally embraced cryptocurrencies and the world of blockchain and decentralized finance. Introducing SilverCoin - an ERC-20 silver-backed cryptocurrency that is built on the Ethereum network. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Both represent easy ways to buy, sell, and trade precious metals. The auditor certifies that the vault contains exactly one troy ounce of physical silver per token issued, both in a monthly examination report, and publicly on the blockchain. These commodities are gold, silver, wheat, barley, dates, and salt, free to trade in the Muslim world. More posts from the CryptoCurrency community. Blockchain & Cryptocurrency Technology â Enhanced by asset currency and multifaceted yield system By combining the elements of stability, yield, and cryptographic technology, the Kinesis system is designed to facilitate spending while allowing users to maintain save their gained token value without fears of downward volatility. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. For many who buy into the Cryptocurrency mindset, precious metals may only be worthwhile as the components of the miners and devices on which they access and operate within the Blockchain. Offers gold and silver-backed cryptocurrency. It rises with silver and crashes with silver. Rather this is being distributed for educational purposes. For many who buy into the Cryptocurrency mindset, precious metals may only be worthwhile as the components of the miners and devices on which they access and operate within the Blockchain. The specific solutions are for autonomous management and monetary storage within the blockchain itself. The same can be said for silver-backed stablecoins. Australiaâs leading cryptocurrency exchange, CoinSpot, has for the first time ever listed a gold-and-silver-backed digital asset and stablecoin, known as âGold & Silver Standardâ. The token is a fully 1:1 silver-backed token tradeable on the Ethereum network.Each token is equal to 1 gram of 0.999 fine certified silver. Silver-Backed Stablecoins Are More Stable Than Crypto SilverCoin is more stable than traditional cryptocurrencies like Bitcoin and Ethereum that have no reserve asset. However, the idea that some investments are not backed by anything tangible can be worrying, and an obstacle to entering the market. Detailed quarterly audit reports, verifying the quality and quantity of the physical gold and silver backing, are available on the website. Once you spend the Silvering token, you will be charged a transaction fee. The leading community for cryptocurrency news, discussion, and analysis. Owning digital silver is owning physical silver. Traders may be able to take advantage of the best of both worlds here. The backed cryptocurrency model does offer advantages compared to major industry players such as Bitcoin, Prouten said. Since this is an opportunity for investors to have cryptocurrency assets that are backed by a tangible commodity -in this case, silver- it may change the way many traders operate in this field. I can't find anything trustworthy. The exchange rate of one LNK is .01620 Bitcoin. Here is where Ethereum Link really stands out. Silvering is an ERC20 token that is backed 100% by physical silver. Looks like you're using new Reddit on an old browser. How would that change the way we view this market? Already working with the Department of Homeland Security and the Bill Melinda Gates Foundation to secure records on their blockchain,... TheBitcoinNews.com - Bitcoin News source since June 2011 - LODE Token assets may present an additional opportunity for silver investors that have experience trading in ETFs, silver stocks and the Paper Silver market. A cryptocurrency fully backed by gold would turn the masses away from the dollar, as would, a fiat currency backed by gold would too. . What Is Silverlink? Advertise with us : The Bitcoin News – Bitcoin and Blockchain News, Silver Backed Cryptocurrency – Ethereum Link, Link’s LNK Silver project is crowd funded via their. Securely buy, sell, trade and store silver that only you control. Disclaimer: This is not trading or investment advice. Silverlink, found online at Silverlink.io, is a silver-backed token on the Ethereum network.Find out everything you need to know about Silverlink today in our review. Purchase silver instantly in a safe, secure and anonymous method that gives you total economic control and freedom. It may even bring previously hesitant traders into the fold of the crypto world. These types of stablecoins are exactly as it sounds â cryptocurrencies backed by silver â and similar to gold-backed crypto in that they are tied to the value of silver. Press question mark to learn the rest of the keyboard shortcuts. Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. I dont believe it exists. In fact, well north of 450 Investors have already purchased some LNK tokens during this ICO, and the minimum cap for the project has already been reached. But Ethereum Link has one very interesting and unique quality that other cryptos do not have: Silver. SIL is a 1-to-1 ratio coin and 100% backed by pure silver, 1 digital SIL = 1g physical Silver. What this means is that the asset is tied to the value of silver, the precious metal. At anytime can you get your physical silver via collection/delivery. Precious metal-backed cryptocurrencies offer people a chance to diversify portfolios and maintain the flexibility to buy, sell, and trade holdings in just seconds, with low fees and in a secure manner. The tokens you hold represent physical ownership of silver than can be redeemed for the physical asset. However, the idea that some investments are not backed by anything tangible can be worrying, and an obstacle to entering the market. According to a report, the value of this cryptocurrency has increased by 600% in the last 24 hours. It acts as the connection between the Blockchain and the international silver market. They will never fall below the underlying asset price but can eclipse the spot price depending on the coinâs popularity and trade volume. Ethereum Link will use tokens as representations of various shares of silver bullion. It is the first fractionalized palladium-backed asset that was made available for purchase directly in both national currencies and cryptocurrency. "With the initial issue of LD2.zero, each [digital] token is backed by one troy ounce of .999 fine silver. In David Morganâs open letter to the tech magnate, the âsilver guruâ suggests that thereâs more to gain still by shifting his attention to gold and silver backed digital assets like LODEâs AGX and AUX coins. All in all, buying a stablecoin backed by gold or silver is like buying the actual metals with crypto. Palladium Coin is an ERC-20 cryptocurrency that is backed by palladium and whose foundation is built on the Ethereum network. That initial investment is not only a few whales throwing around massive amounts of coins. I dont know how any such coin could ever be considered safe. Silver unexpectedly soared for a second day straight, as of early Friday, amid an agiotage in the stock market caused by Reddit postersâ calls to create a short squeeze, Bloomberg reported. The sale of these tokens closes in about 15 days. Some precious-metal-backed cryptocurrencies are fractionalized, meaning any amount can be bought. Asset backed cryptos are supported by something tangible, which investors can relate to in the physical world. CannDollar, the First Universal Silver Backed Coin That Provides More Stability Than Traditional Cryptocurrencies. 1. A short squeeze occurs when a stock or some other asset leaps sharply higher, making traders who had bet that its price would fall actively buy it in order to forestall potentially bigger losses. Many of the innovative projects in the cryptosphere are based on the Ethereum Blockchain. 1 - 2 years account age. The project developers hope for it to become a large, but decentralized platform for trading silver certificates. The value of most cryptocurrencies are tied to the power it costs to validate transactions. 1 SLVG is backed by 0.5 grams of physical silver. Moons reward posters, commenters, and moderators for their contributions to the subreddit. Built on the ⦠I can tell you that the cryptocurrency that Chinaâs rolling out will be backed by goldâ. Reales RLS is a cryptocurrency backed by silver and gold, and cryptocurrencies. Each RLS token is backed by physical gold (10%), physical silver (35%), bitcoin (20%), and a mix of ICO coins and altcoins (20%). What I'm looking for is PAX Gold for Silver. Even in todayâs digital age, people are still investing in this highly versatile SilverCoin Review: Silver-Backed Cryptocurrency - It hopes bring the blockchain solutions of Ethereum into the world of business and have it fit seamlessly. Silver and gold-backed cryptocurrencies are popular in 2020 due to financial turbulence from the coronavirus. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment. A silver-backed stablecoin is exactly as it sounds â a cryptocurrency tied to the value of silver. Silverlink is a digital token listed under the symbol LNKS. LODE Token positions may afford an opportunity to invest in a new asset class that provides a platform for further diversification, new types of security instruments and lower administrative costs for trading, exchanging and transacting. Each LD2.zero token issued is 100% backed by one troy ounce .999 fine silver, securely stored in a fully insured vault. Itâs also a much easier way to invest in silver than traditional methods. Back to video The CannDollar silver token ( CDAG ) is a digital representation of the one pure 99.99% pure troy ounce Canadian Silver Maple Leaf coin and is among the finest bullion coins worldwide. Like many other pundits, Keiser says that China has a lot more gold than it lets on, amounting to 20,000 tons. Palladium-backed cryptocurrency all have bullion as a reserve asset. These tokens are representations of silver shares on the market. Royal Mint Gold (RMG) SIL is our SILVER cryptocurrency coin. 2. Cryptos backed by silver only fall to the spot price of silver â never below. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. This is often dubbed as the âMuslim coinâ because of its history. However, the idea that some investments are not backed by anything tangible can be worrying, and an obstacle to entering the market. The AGX tokens are fully backed by the silver thatâs held in custody, and for which owners are given LODE tokens. Risks of owning commodity backed coins. Silver has long been an investorâs favorite. I want to keep some silver in form of tokens for quick direct exchange for other crypto when the time is right. The only investing advice I will ever give is that you should never invest more than you are able to lose. Financial democratization increases â Because stablecoins are cryptocurrencies, it is easy to fractionalize the buying of Silver-backed stablecoins. Despite the global pandemic bringing many businesses to a standstill, global economies are still turning, if more slowly. Here is where Ethereum Link really stands out. One does not need to buy an entire bar of Silver or a certain number of coins. The cryptocurrency is based on a popular meme with a dog named âDogeâ. Perth Mint Gold Token (PMGT) Backed by actual gold blocks from Western Australiaâs Perth Mint, PMGT is among the best gold-backed cryptocurrency tokens available. It uses that logo of the same Shiba Inu on its logo. Enter LODE, the bullion-backed cryptocurrency system designed to hold, protect and make available the value of gold and silver. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. What I'm looking for is PAX Gold for Silver. Prospects for cryptocurrencies backed by bullion only look to increase as the digital currency ecosystem expands. The Digital Silver Standard has arrived! Link’s LNK Silver project is crowd funded via their public ICO. Guys, are you aware of any stablecoin backed with silver? 2021 currency will be crypto: fiat currencies and stock market vulnerable. Anyone anywhere in the world can go online and buy into a Silver-backed stablecoin in any amount. At the time of writing this article, the ICO’s funds boasts an impressive 431.11 BTC (~ $1,062,638.72) which is the equivalent of just over 30,000 LNKs. Silverlink: The Silverlink token (LKNS) is equal to one gram of 0.999 certified silver. Factom Harmony Takes On the Mortgage Industry, DEA Says Four Recent Vendor Busts are Connected, Bitcoin Market Manipulation – File on Cryptoqueen’ s 230,000 Bitcoins Released, OneCoin Ponzi Scheme Accused of Terrorist Financing, Victims of Baltic Crime Wave Join Call for EU Crypto Victim Fund, Earn Passive Income with Nhash Cloud Mining, LAWSUIT REVEALS CRYPTOQUEEN RUJA IGNATOVA CONTROLS BITCOINS WORTH OVER $13 BILLION. The project developers hope for it to becom⦠This particular coin is only backed Many investors missed the boat on Bitcoin, said Taub, which was exacerbated by the fact that the currency is not backed by anything tangible; Bitcoinâs value comes entirely from what people think it is worth. Yes I know I can buy silver coins etc and I do have some too. The massive surge is brought about by Elon Musk and SatoshiStreetBets on Reddit and TikTok. Someone will probably roll something like this out over time as all the low hanging fruit of tokenization comes to a conclusion but I think a silver backed stablecoin is not something that is currently in high demand across the crypto-sphere. The remaining 15% is backed by the company's budget and the platform's operational cost. 35 - 100 comment karma. It acts as the connection between the Blockchain and the international silver market. It acts as the connection between the Blockchain and the international silver market.
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