The main function of a stable coin is an instant and free transaction, in addition to storing your money in a coin. It will never lose value, but it will also not give you profit like a game on Bitcoin prices. Moreover, the system is very strong and cannot be hacked, and, say, it is hacked, there is a system called global calculation that will be launched and the hacker will have no control over your coin. So banks can switch to stable coins in the future, however, no one knows how promising it will be.
Topic: Are there any Altcoins out there backed by real assets? (Read 689 times)
Central banks around the world are tied to inflation and leaning back to try to do something. Centralized currencies are supported by the economies that issue them, but decentralized cryptocurrencies are not backed up by anything unless it is stable, connected one-on-one with some kind of centralized currency. In case of a fall in the exchange rate of the main currency, can one expect the same picture for stable coins?
The libra coin on Facebook plans looks like a coin that has even more value than its fiat counterpart. That is, if your ecosystem becomes so developed that customers, partners and even strangers will be ready to accept your coin specifically, then even in the absence of issuing additional coins, your capitalization becomes stronger than the one-to-one ratio. These are all attempts to completely remake the world on digital coins, with the refusal of cash
Central banks around the world are tied to inflation and leaning back to try to do something. Centralized currencies are supported by the economies that issue them, but decentralized cryptocurrencies are not backed up by anything unless it is stable, connected one-on-one with some kind of centralized currency. In case of a fall in the exchange rate of the main currency, can one expect the same picture for stable coins?
Profit is an Opinion, Cash is a Fact.
Although there are many ways of defining the term "real asset",
because of a background in operations, buying, and selling businesses,
primarily in the turnaround and bankruptcy space, I define assets very
narrowly. They are; productive ownership, processes, equipment, culture,
buildings, real estate, plants… Producing a surplus, not just a profit.
Not only do these assets have tangible net value in and of themselves,
these activities produce income streams of present and future cash flows.
This and only this can cycle, otherwise you will eventually run out of other
people’s money.
Eco-System must be, Decentralized, Anonymous and ‘Secured’
by Blockchain Validated Eco-System GDP.
Eco-System-GDP is Defined and Measured as: Authenticated Cash and
Cash Equivalents, Modest Earnings Margin/Growth Multiple + Audited
Net Asset Value (NAV+) of Portfolio Holdings; productive land, buildings,
plant, equipment, finished goods inventory, natural resources, etc.
Although there are many ways of defining the term "real asset",
because of a background in operations, buying, and selling businesses,
primarily in the turnaround and bankruptcy space, I define assets very
narrowly. They are; productive ownership, processes, equipment, culture,
buildings, real estate, plants… Producing a surplus, not just a profit.
Not only do these assets have tangible net value in and of themselves,
these activities produce income streams of present and future cash flows.
This and only this can cycle, otherwise you will eventually run out of other
people’s money.
Eco-System must be, Decentralized, Anonymous and ‘Secured’
by Blockchain Validated Eco-System GDP.
Eco-System-GDP is Defined and Measured as: Authenticated Cash and
Cash Equivalents, Modest Earnings Margin/Growth Multiple + Audited
Net Asset Value (NAV+) of Portfolio Holdings; productive land, buildings,
plant, equipment, finished goods inventory, natural resources, etc.
There are some really great projects not only with an interesting idea, but with a working product as well, the biggest problem is that because of the poor management and the lack of investors interest even great projects cannot collect enough money.
Looking for an Altcoin that is backed by something; akin to the Gold standard as opposed to just speculation....
Thanks in Advance
There is an altcoin that was backed by real physical gold, and it's no other than PG-Pay. Last time, they did an ICO with their old name known as Puregold Token. But now, they've rebranded themselves as PG-Pay. Last time, their token was traded on the COSS exchange before they decided to do the token swap.
I think they're doing a private sale now and IEO later on.
The good thing about them is that their app is already up and running, and their gold ATM as well.
You can check my video review and app demo about PG-Pay here. I will be visiting their office in Singapore next month, as well as their gold ATM.
Also, there is a Philippine-based token that was backed by real estate property, which was known as C Estates under NEM blockchain. You can manually search that.
Only a handful of altcoins right now that are actually backed by real assets.
My problem with the token built on top of income operations is that it will no longer
function as a currency, but a security, or a non-dividend paying stock.
function as a currency, but a security, or a non-dividend paying stock.
I believe this issue is addressed in the concept paper.
Income from operations becomes a proxy mechanism
for true price discovery, convertibility, utility, etc.
And continuous self-funding of asset/income acquisition
and related on-going Protocol/DLT/SBX eco-system development.
There are a number of gold based coins, as already mentioned. Some real estate ones too .. and things like bitbond sto which is a security (bond, to be exact). Not sure if the OP considers that a real asset or not. Stablecoins in theory are based on real assets, but they aren't exactly money making endeavors for investors.
I think eventually a lot of stocks/bonds will get tokenized, but the SEC moves in slow motion, so who knows when/if that will occur.
I think eventually a lot of stocks/bonds will get tokenized, but the SEC moves in slow motion, so who knows when/if that will occur.
I have come across several projects here and somewhere else that claim to be backed by gold. I cannot remember all of them but there was EKON which claimed to be fully backed by gold as well as audited. The ratio was 1 EKON token for 1 gram of gold. And then there is also Digital GOLD, a stablecoin which is also fully backed by gold.
I am not part of these projects nor am I endorsing any of them. I did not even take a look at their whitepaper. So any decision will be yours to make after your research of these projects.
I am not part of these projects nor am I endorsing any of them. I did not even take a look at their whitepaper. So any decision will be yours to make after your research of these projects.
there were many legit real asset backed tokens.
DGD,golden backed ethereum token,launched in 2016.
https://digix.global/dgd/
Stablecoins,USDT,USDC....
backed by real US Dollar.
Digital collectibles, such as CryptoKitties...
and so on
DGD,golden backed ethereum token,launched in 2016.
https://digix.global/dgd/
Stablecoins,USDT,USDC....
backed by real US Dollar.
Digital collectibles, such as CryptoKitties...
and so on
It would appear thus far that the answer to my question is "not yet".
For example, the recommendations are not backed by real income-producing assets, i.e.
diamonds, gold, U.S. Dollar, as none of these produce income streams. Real assets, by definition,
must produce a yield. Without the yield, price is a pure speculation. The better bet would be owning
the underlying commodities directly, which for the vast majority of us is simply not feasible. This means
that the native token must be built on a foundation of income from operations.
The term "asset" only means something that has value and can be used to pay debts.For example, the recommendations are not backed by real income-producing assets, i.e.
diamonds, gold, U.S. Dollar, as none of these produce income streams. Real assets, by definition,
must produce a yield. Without the yield, price is a pure speculation. The better bet would be owning
the underlying commodities directly, which for the vast majority of us is simply not feasible. This means
that the native token must be built on a foundation of income from operations.
https://www.lexico.com/en/definition/asset
While the term "yield" is more closely related to business. An asset cannot yielding profits if it's not used in productive activities by a person or an organization.
My problem with the token built on top of income operations is that it will no longer function as a currency, but a security, or a non-dividend paying stock.
Looking for an Altcoin that is backed by something; akin to the Gold standard as opposed to just speculation....
Thanks in Advance
All crypto are backed by real asset and the first worldwide example of real asset is money, usd or gold among few others, the ability to be able to swap cryptocurrencies to usd says everything you need to know
Only a few altcoins are backed by real assets. Also all is just rubbish and it may crash at any time
All crypto are backed by real asset and the first worldwide example of real asset is money, usd or gold among few others, the ability to be able to swap cryptocurrencies to usd says everything you need to know
No one altcoin have backed with real assets because the owner want to be rich with their coin without have money, if they have real backed assets why want to be developer of altcoin or ICO project, they want to enjoy his life with his real assets and never take risk with altcoin or ICO project selling.
of course yes, stablecoins like USDT USDC PAX .... all are backed by USD at a 1: 1 ratio. 
I don't think there is currently an altcoin that is supported by real assets because the risk is greater, but there are also some altcoins that state that they are supported by real assets, but the reality is not, all of that is done only to attract interested investors, some even in declared supported by gold but that there is no evidence yet.
For a coin to be backed by a physical asset (gold, diamonds, oil and so on), the company itself must have a reserve of these physical assets. At the moment I don't know any companies. Of course, we can say that 1 token is worth 1 gram of gold, but this will not be a reinforcement.
No one altcoin have backed with real assets because the owner want to be rich with their coin without have money, if they have real backed assets why want to be developer of altcoin or ICO project, they want to enjoy his life with his real assets and never take risk with altcoin or ICO project selling.
It would appear thus far that the answer to my question is "not yet".
For example, the recommendations are not backed by real income-producing assets, i.e.
diamonds, gold, U.S. Dollar, as none of these produce income streams. Real assets, by definition,
must produce a yield. Without the yield, price is a pure speculation. The better bet would be owning
the underlying commodities directly, which for the vast majority of us is simply not feasible. This means
that the native token must be built on a foundation of income from operations.
For example, the recommendations are not backed by real income-producing assets, i.e.
diamonds, gold, U.S. Dollar, as none of these produce income streams. Real assets, by definition,
must produce a yield. Without the yield, price is a pure speculation. The better bet would be owning
the underlying commodities directly, which for the vast majority of us is simply not feasible. This means
that the native token must be built on a foundation of income from operations.
It's good to diversify your invest, you go for USDT
Tether? are you serious? USDT isn't really ideal for investors. This is a coin to convert your profits from different cryptocurrencies that you are trading like bitcoin. I don't use Tether but it's said to be backed up by dollars so I think that would count as a good answer to OP's question but being considered as an investment, I don't think it's a right choice. Jump to: