Author

Topic: NoFiatCoin (XNF) - Backed by Gold (Read 1560 times)

legendary
Activity: 2618
Merit: 1007
January 19, 2014, 12:48:05 PM
#3
Due to this breakthrough innovation in the way the Ripple platform is being utilized, the price of XNF has increased from 60 XRP to over 130 XRP in a little over a week.
[...]
NoFiatCoin has already released 50,000 XNF onto the market
[...]
At the time of this writing, NoFiatCoin has the equivalent of $16,540 in precious metals with 17 gold coins on stock and 166 silver coins.
130 XRP = ~2.6 USD (about 50 XRP = 1 USD)
50000*130/50 = 130k USD in XRP

This all is backed by 16.5k USD in bullion...

Good luck being scammed by these guys, I just hope this does not again fall back on Ripple - just like there have been scams utilizing Bitcoin, that does not mean that the platform/currency itself is a scam.
hero member
Activity: 756
Merit: 500
January 18, 2014, 08:21:48 PM
#2
lol ya people come to my site and look at my awesome chart of our price and buy! its so legit!
careful people, probably a scam
member
Activity: 89
Merit: 10
January 18, 2014, 08:18:07 PM
#1
Here is an article on NoFiatCoin (XNF).

http://1to10.net/nofiatcoin-xnf-backs-their-cryptocurrency-with-gold-and-silver/

In summary...

NoFiatCoin (XNF) Backs Their Cryptocurrency With Gold and Silver

In 2014, all the major currencies of the world are simply backed by trust. As we can see, trusting a government with a printing press has proven to be a recipe for exponential inflation. Those who are looking for a currency with a solid backing should consider the advantages of investing in the cryptocurrency NoFiatCoin, known by the ticker symbol [XNF], as this company backs their digital coins with gold and silver.

Those who have been following alternative cryptocurrencies after the 2013 breakout of Bitcoin (BTC) have been smothered with the sheer number of alternative coins that bring nothing new to the table. While many of these cryptocurrencies, like DOGE and Coinye offer amusement, they don’t solve any problems or address pressing issues.

NoFiatCoin is an alternative cryptocurrency that finally brings something new to the diluted world of alternative crypto coins. They stand behind their coin and back it with gold, not just binary code. This revolution in the crypto coin industry is capturing the attention of investors and many are placing their bets on XNF.

NoFiatCoin uses the Ripple platform to conduct their business because it is superior to anything else on the market. Even though Ripple is still in beta, users have created almost 60,000 wallets and investors are stockpiling ripples (XRP) while they still can. Those who want to know more or create a Ripple wallet can go to ripple.com, as having one is necessary for purchasing XNF.

The San Francisco based Ripple Labs continues to add talent to their team and is laying down the groundwork for a completely decentralized exchange that will allow its users to send money worldwide almost immediately and without exorbitant fees. The Ripple wallet allows its users to transfer, hold and trade any currency they choose, including BTC, LTC, ripples (XRP), Dollars, Euros, Pesos and now, XNF. In other words, XNF allows one to transfer digital gold from one wallet to the next.

Due to this breakthrough innovation in the way the Ripple platform is being utilized, the price of XNF has increased from 60 XRP to over 130 XRP in a little over a week. Many investors are jumping on board, as they are speculating that the price will continue to skyrocket due to its unique gold and silver backing.

NoFiatCoin has already released 50,000 XNF onto the market and have revealed that only 25,000,000 XNF will be released in total. Like Bitcoin, the scarcity of XNF will push the value upward, if the demand continues to increase.

Those who want to trade their XNF for gold or silver can do so directly with NoFiatCoin. After the trade is completed through the Ripple network, NoFiatCoin will mail the requested gold or silver worldwide. At the time of this writing, NoFiatCoin has the equivalent of $16,540 in precious metals with 17 gold coins on stock and 166 silver coins.

NoFiatCoin is an investor’s dream; as XNF is backed by gold and silver, not just sheer trust like other cryptocurrencies. Those who want to learn more or purchase NoFiatCoin can go to their website at NoFiatCoin.com.
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