Edelcoin is an innovative payment and asset token that heralds the intersection of real-world assets and blockchain technology. Leveraging the inherent value of Earth's resources, Edelcoin has positioned itself as a reliable digital means of exchange, compliant with Swiss regulations. This stability is facilitated by a meticulously curated portfolio of precious and base metals, classifying it as a 'stablecoin'. Unlike other asset-backed tokens, Edelcoin achieves reduced volatility through the diverse composition of metals that underpin it, reinforcing its position as a stable and trustworthy store of wealth.
Edelcoin's Operation and Market Presence
Edelcoin operates independently of inflationary fiat currencies and is not governed by monetary policies. It is issued as an ERC-20 token on the Ethereum blockchain as part of the primary market. However, it is not restricted to this platform alone. Edelcoin aims to expand to additional Ethereum Virtual Machine (EVM) compatible chains, reinforcing its market presence. It also provides the option of trading on both centralized and decentralized crypto exchanges, part of the secondary market, giving users a broad spectrum of choices.
Enhanced Stability Through Over-Collateralization
To augment the stability of the token, each Edelcoin is backed by an over-collateralization of pre-existing metals. This process ensures that each coin holds a surplus reserve of backing metals, amounting to 125% of the actual metal reserves. These reserves are subject to frequent independent verification, evaluation, and disclosure, promoting transparency and accountability in the running of the project.
Conclusion
Edelcoin, backed by the wealth of the Earth, is a significant step forward in integrating real-world assets with blockchain technology. Its careful design and strategic operation make it a secure and reliable digital payment method, pushing the boundaries of traditional cryptocurrencies.
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