фото показано с : blokt.com

While investing in cryptocurrencies offers the potential to reap huge profits with the right timing, their wilding erratic prices can also be a major cause of frustration among crypto investors. Thankfully, a new breed of cryptos that are more stably priced compared to their peers are now making their way into the market, such as the recently launched metal-backed token called Tiberius Coin.

Tiberius Group AG, a commodities trader and asset management firm based in Switzerland, has now given another option for crypto enthusiasts who might prefer a more stable investment vehicle to invest in. The company just launched its own Tiberius Coin on Oct. 1, which differs from most cryptos as it will be backed by metals, according to Bloomberg.

Tiberius Coin is backed by seven different metals in a precisely measured mix. According to the company, the basket of commodities backing the token is composed of 24.959% copper, 15.838% tin, 8.713% aluminum, 13.269% nickel, 11.057% cobalt, 19.595% gold, and 6.569% platinum. To put it in terms of weight ratio, the composition is 25 grams of copper, 5g tin, 25g aluminum, 6g nickel, 1g cobalt, 0.003g gold, and 0.0015g platinum.

The mix of metals was chosen to give investors a very stable cryptocurrency, according to CEO Giuseppe Rapallo, who told Bloomberg:

“Instead of underlying the digital currency with only one commodity, we have chosen a mix of technology metals, stability metals and electric vehicle metals. This will give the coin diversification, making it more stable and attractive for investors.”

Tiberius Coin is sold under Swiss law and is priced at about $0.70. This makes it a regulated token, as opposed to other digital coins that debuted via unregulated initial coin offerings.

The company decided to list the coin on LATOKEN, a digital currency exchange based in Estonia. According to Tiberius Group AG, the decision to list the token at the Estonian exchange was due to the fact that it “fulfills the necessary regulatory standards.”

Many are already keeping their eyes on the new token to say how it will fare in the market. While stablecoins such as Tether have been gaining popularity as an alternative to highly volatile tokens, other lesser known tokens have not really gained much traction since their launch.

Adrian Ash, research director of London-based BullionVault Ltd., explained:

“There are dozens of firms who launched stablecoins linked to metals, and so far none of them have gained any traction … They’re trying to solve a problem that doesn’t exist — all of this can be achieved without the additional cost of a distributed ledger.”

Metal-Backed Stablecoin Tiberius Now Available for Cryptocurrency Investors was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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