Industrial tokens a new alternative
Source
The Russian tokenization platform Atomyze, which is backed by the government and the government's central bank, has just launched a token they call industrial, backed by the metal Palladium, in partnership with Roskbank.
Both the bank and the platform are backed by Interros, an investment company co-founded by the sanctioned Vladimir Potanin.
In the words of the entrepreneur himself "Industrial and other tokens are backed by physical assets and the use of Blockchain technology makes their transactions reliable and transparent, unlike unsecured cryptocurrencies A difference, where blockchain technology is leveraged to maximize the user's anonymity.
The Palladium token as it is called, is a stablecoin, which swells the long list of these coins that have been appearing in the crypto world and is a stronger alternative in the cryptocurrency ecosystem.
Nornikel, a Russian mining and metallurgical company that mines and refines: nickel, platinum, copper, silver, gold, cobalt and other non-ferrous metals, aims to launch other assets based on other metals.
Although these tokens based on metals are not new, they are becoming more frequent in the market and large investors have migrated from traditional cryptocurrencies to this new vein where the risk is lower.
It remains to be seen whether their prices could be accessible in the future to a larger group of people, something that so far all those who have been placed in the market have assured, but without being true, an example is the Venezuelan Petro whose value is unattainable for people with limited resources.
Hi @joseph1956
This industrial tokens thing is something that sounds interesting, I think Venezuela is a pioneer in this of backing tokens with physical assets or natural resources.
Best regards, be well.
That's right, the bad thing is that it is for large investors because their costs are very high.
Greetings @ jose1956
Very interesting strategy that Russia is assuming to counter the attack to its economy , no doubt that in Venezuela there are exercises that have been done with the same characteristics and are very accepted by the investors society.
Thank you very much for sharing your post.
Undoubtedly, cryptoassets are an interesting option and China is going down the same path and the Petro was a test that was undoubtedly backed by both nations.
Your post was upvoted and resteemed on @crypto.defrag
Hi @joseph1956 Interesting post recently read about it, industrial and other tokens are protected by physical assets, and the use of blockchain technology makes transactions with them safe.Atomyze became the first Russian company to receive approval to exchange digital assets in February. Attentive to the changes that are approaching in this ametry, greetings and success
It is a good alternative for investors as their money will always be backed by the nations that sell it.