ALL YOU NEED TO KNOW ABOUT METALICOIN - A CRYPTO BACKED BY REAL METALS

in metalicoin •  7 years ago 

MetaliCoin is a crypto currency backed by REAL METAL. They recently concluded their pre sale which was a resounding success and they are at the moment planning for their IMO (Initial Metal offer)
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So why would you want to participate in Metlicoin's IMO?
Most first Generation Crypto-Currencies are backed by digital hot air. This Induces volatility and a perfect setting for speculators’ paradise.
One of the drawbacks investors in crypto assets face is their volatility. This is to be expected, as all markets are volatile in their early years. It’s also unlikely that the crypto asset market will reach maturity anytime soon. On the other hand, crypto assets offer asymmetrical risk reward profiles. They can only fall 100%, but can quite feasibly generate returns of over 1,000% — as many already have.
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There’s a strong case to be made for crypto assets backed by real assets, both as a mechanism to reduce portfolio volatility and as a safe havens during periods of volatility.
The entire crypto currency market is highly correlated. Investors may like to think they can ‘move value’ from one crypto to the next to avoid drawdowns. That’s easier said than done. The correlation between crypto-currencies is high. As volatility increases, the correlation between assets also increases.
This will only be true for crypto assets that are entirely digital. A token backed by real assets will track the price of the underlying asset rather than other digital assets. Adding tokens backed by real currencies to a portfolio of digital assets will lower the volatility of the overall portfolio. Asset backed tokens can also be used as a place to ‘park’ value when volatility increases.
So, which assets can be used for asset backed crypto-currencies? The assets that have proven to hold value over time are gold, silver and real estate
One of the most fundamentally transformative capabilities block chain brings to the Metals and Mining industry is its ability to tokenize physical items and allow for the distribution, sale and trading of these new representative digital assets without the costs and overhead involved in equivalent physical world manipulations of the asset
This is exactly what Metalicon brings to the block chain industry
when you trade in metals e.g. gold silver or diamond on the spot market, you are subject to fees such as handling and warehousing fees for the metals you own on paper. These fees add up quickly and can significantly effect the cost and profitability of these trades
Metalicoin is designed to eliminate these extraneous fees altogether and allow much more frictionless trading and exchange of these metals values
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This will automate trust, blow away the Middle-Man and monetize everything with the use of block chain
Just try and wrap your head around this. Metalicoin would be able to begin selling and trading the value of deposits in the ground before they were dug up. The company could then purchase insurance against its ability to mine and deliver the metal to market. This would change the entire cash-flow structure of the mining industry. Miners would be able to produce cash based on the estimated size of exploration deposits and THEN pay to produce the metal. The changes this would create within the metals and mining industry are staggering.
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Metalicoin will get a production systems in metals and mining to start reporting data directly from the production process onto a block chain system, They can instantly calculate and prove details such as product origin, custodial chain and the end to end carbon footprint involved in producing any particular tonne of ore
Metalicoin’s blockchain is designed to work alongside a pool of collectively owned assets. As these assets grow over time, they give MetaliCoin two distinct features: a price floor and crypto-dividends. Being an asset backed crypto currency makes MetaliCoin valuable by design, not only by demand.
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To create an asset-backed crypto-currency, we divide the total value of Metalicoin Reserve by the number of circulating MetaliCoins to calculate a price floor. This is the minimum value for each Metalicoin Coin. A price floor makes Metalicoin Coin a better option for business owners and risk adverse investors who need a store of value.
As the network’s collectively owned assets earn interest, all coin holders on the network share that growth. Each wallet passively collects a portion of Metalicoin Reserve’s growth in the form of new Project Coins. Crypto-currency dividends make Metalicoin Coin a better option for the smart crypto-currency investors.
Metalicoin is designed to solve the problem of price volatility. No one doubts that for something that’s supposed to function as a currency, crypto-currencies are way too volatile. Current crypto currencies are better at being subjected to units of value than they are at being them. Flash market crashes, extreme inflation and deflation, and acute daily price swings (30% or more), are normal occurrences in crypto currency markets.
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Sounds like there’s an easy solution, right? Unfortunately, it’s not that simple. While price volatility is a problem when used in pricing goods and services, speculators and day traders make money from that volatility.
How can you eliminate volatility without eliminating the prospect for gains? Metalicoin 's growth is paid in the form of new project coins called crypto-dividends. Those dividends give investors returns while allowing for a secure price needed for pricing goods and services.
“If you’re a crypto trader and think crypto is going to crash tomorrow, you need something that you can trade into that’s going to be stable. Pretty much all crypto currencies today are highly volatile and highly correlated -- swapping into a stable crypto currency like Metalicoin is the right approach
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Metalicoin has the following properties
Fungibility
Asset-backed crypto tokens are redeemable in real-time for the underlying asset at the pegged price.
Liquidity
Liquidity is provided by the fungible network ,Primary Market and connections to the existing pricing networks for the underlying assets.
Custody
Assets are held in custody where the value is verified and audited daily.
Price Integrity
Primary Market liquidity coupled with the real-time creation/redemption process guarantees price integrity and viability of the crypto-asset peg.
Currencies, which are tethered to assets, have their floor at the asset's market price, but can rise in value if the popularity of the coin rises beyond the price of the asset. That is where a token's value is linked to an underlying physical asset. In the end this market will over time dwarf the current crypto market which is largely focused on utility tokens which are designed for usage or access to software only
Utility tokens are distributed by a company in the form of user tokens or app coins that represent future access to a company’s product or service. In contrast to a security token, an external, tradable asset does not back them. Such an asset-backed crypto currency should minimize price volatility, as investors will have a sense of the underlying value
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Using blockchain in Metalicoin's case which is skyledger, Metalicoin can get production systems in metals and mining to start reporting data directly from the production process onto a blockchain system. The implication of this is they can instantly calculate and prove details such as product origin, custodial chain and the end to end carbon footprint involved in producing any particular tonne of ore. Furthermore, if they are generating renewable energy elsewhere or buying carbon credits to offset production emissions, they can prove to customers and regulators that they are not double counting or otherwise fudging the system.
Publishing asset maintenance records onto a blockchain system provides a number of benefits.
Firstly from a regulatory standpoint they could instantly prove maintenance has been done without having to manually create and submit compliance reports internally or to regulators.
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In addition if Metaicoin were to to sell assets either due to a divestiture or shutdown, they can provide the purchaser with cradle to grave records for the assets in question. Assets themselves could even query the blockchain for maintenance and operator information and be programmed to block usage if proper maintenance has not been done or the operator is not certified to operate the asset.

The advantages of Skyledger technology for their IMO are clear: there is no mining requirement and coin creation occurs over a period of only several days before the start of the ICO; once coins and wallets are created, zero-fee and instantaneous transactions allow for straightforward coin distribution; and the system has a high degree of usability. Furthermore, unlike ERC20 tokens, Skyledger provides businesses with a private blockchain that is not shared with other currencies. Private chains provide for increased data security, in addition to the benefit of high-speed transactions.
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The usability, low cost, and efficiency of Skyledger tokens makes them very well suited for projects seeking to tokenize commodities trading. The separation of the mining process from coin creation and distribution allows tokens to act as discrete units of digital equity in a straightforward sense. Hence many of the projects and ICOs that use the Skyledger platform focus on using their tokens to represent tradeable rights of share in ownership of particular commodities.
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In summary , Metalicoin, seeks to attract funding for early-stage mining projects by issuing tokens that can be exchanged for amounts of the actual metals extracted at a deep discount from the market price. The tokens, effectively representing “shares” in the extracted metals, thus represent a unique opportunity to participate in mining – a traditionally highly capital-intensive and thus centralized industry, controlled by small number of global corporations under the complete exclusion of average consumers and investors. In addition, the Metalicoin platform facilitates the frictionless trading of metals by listing the issued mining tokens on public crypto exchanges. This would constitute a significant step towards giving average consumers and investors access to the metals trade – another highly centralized industry. By diffusing the ability to participate in these aspects of mining and metals trading, Metalicoin very much fulfills the spirit of decentralization associated with the current drive towards blockchain-based tokenization of tangible assets.
The IMO is scheduled for next Month March to be precise and a new website and new white paper is been finalized .
They are also taking care of all regulatory and legal issues and operations are based in Australia and Malta
The CEO of the company will be a key note speaker at the Starchain 2018 1st blockchain and AI conference in Dresden Germany on March 16 and 17th 2018
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http://starchain.de

You can follow the Metalicoin project at
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http://metalicoin.com
https://t.me/Metalicoin
https://www.reddit.com/r/Metalicoin/
https://twitter.com/metalicoin
https://www.linkedin.com/company/metalicoin/
Drop them a line at [email protected] or call them on +61 414 532 751

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Wow nice post. Keep em coming. will folloy you for more in the future :)

Thanks . will keep you updated once anything new comes up . Thanks once again