QUARKS AI
$QUARKSAI
AI QUARK GOLD RESERVE The idea of backing a cryptocurrency with a mining reserve or gold backing stems from the intention to give it tangible backing and intrinsic value. Here are some reasons why some people consider this backing important: 1. Price value support: By backing a cryptocurrency with physical assets such as gold, the aim is to support the price of a cryptocurrency so that it never falls below market release and to create price supports as its price increases and increase the demand for the cryptocurrency in the market and avoid the extreme volatility often associated with cryptocurrencies. This can make the coin more valuable and attractive as a store of value. 2. Investor confidence: Backing in gold or mining assets can generate investorconfidence, as they feel that the currency has real value backed by scarce natural resources. 3. Inflation protection: Gold, in particular, has historically been used as a hedge against inflation, and a gold-backed cryptocurrency could offer similar protection against loss of value over time. 4. Facilitate international transactions: By backing a cryptocurrency with assets such as gold, it is expected to be more accepted and usable in international transactions, as its value is directly related to valuable resources. The tokenization of gold from two dams in the Piura region, Peru. The project The project consists of the tokenization of 74,000 kg of gold from the Poechos dam and 5,800 kg of gold from the San Lorenzo dam
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Information |
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Added |
Dec 19 2023 |
Launch |
May 02 2024 |
Market Cap |
$ 0 |
Price Change 24h |
0% |
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coinbrain.com |