Introduction. Fiat money & its pros and cons
The exchange of goods existed back in the Stone Age, when the division of labor arose. As civilization developed, the monetary system changed. People minted coins from gold, silver and other metals. But the reserves of these resources are limited. And wars and other large-scale crises greatly devalued the currency. Banknotes have appeared to replace coins made of precious metals. As long as their release was provided with the resources of the state, there were no problems. They arose when the nominal value began to differ from the real one. Such money was even given a separate name — fiat currencies. What is it? In Latin, the word “fiat” means a decree, a decree. Literal translation: “So be it.” Fiat money is a currency that the government positions as the only legal tender. Their intrinsic value is either very small or non-existent. Currently, most of the paper money is fiat, including the US dollar. Its value is guaranteed by the authority of the state. The fiat currency is not linked to gold. She is not provided with anything at all. And here I will begin my story about the PMXX project, which is backed by gold and metal.
About PMXX People’s Money project
The most empowering thing you can give a person is hope and choice.
Through people’s money we give you hope and financial freedom with PMXX, MBMX, DuDe, and MoneyWithoutBorders.
©PEOPLE’S MONEY
The PMXX People’s Money project (money backed by metal) is backed by gold and platinum, which is a natural progress in the evolution of money. Thus, PMXX users have access to an asset with a shortage of gold (and platinum) and price stability, but with the transactional efficiency of a digital PMXX — a unique combination of financial functions. Each of us would like to have a reliable and reliable investment tool. Also, I think hardly anyone would mind having a positive impact on the lives of other people in some way.
Unfortunately, most financial instruments and investment mechanisms suffer from volatility, inflation, excessive regulation and, ultimately, increase income inequality.
This is what the People’s Money project team thought about and decided to provide all of us with a safe and predictable way to increase our financial well-being. Most importantly, PMXX is not only an investment, it is also our savings account!
Moreover, you create personal wealth while having a positive impact on less privileged children and poor mining communities around the world.
Briefly about the important things in the PMXX project:
- PMXX Metal Backed Money platform runs on Polygon blockchain technology that enables liquidity, financial leverage, and decentralized transactions.
- Transactions are peer-to-peer, involving no third parties.
- Leverages safe-haven precious metals, Gold and Platinum, as its store of value.
- The value is linked directly to the price of Gold and Platinum.
- Only 10 Million coins will be minted.
- Their precious metal mineral rights (Texas Mine K-150) are valued at $ 7.8 bn.
- Built-in Stop-Loss Algorithm
About PMXX People’s Money project token
Total Exchange Supply:
- The total supply is 10,000,000 coins.
- The full circulation of the total supply is estimated to take place in 2024–2025.
- The total supply is distributed over different token exchanges to ensure easier trading. All the tokens taken together will never exceed the total cap of 10 Million tokens.
Built-In Stop-Loss Algorithm
PMXX Built-In Stop-Loss Algorithm
The PMXX Built-In Stop-Loss algorithm is now running.
The Stop-Loss algorithm will never drop below 500 million USD per 10 million PMXX minted, equivalent to approximately 7% of all inground Gold & Platinum assets in the Texas K-150 mine.
The mining and the amounts of physical Gold & Platinum assets will increase as the business grows and more PMXX cryptocurrency will be in trading in the marketplace.
PMXX token traiding
You will be able to buy and sell the PMXX token of the People’s Money project on the exchange.
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You will be able to exchange PMXX for other cryptocurrencies, as well as for services and goods.
PMXX people’s money trading is carried out on the same principle as foreign exchange trading, with minor differences. Firstly, the market does not close because the currency does not depend on third parties.
The price of PMXX can vary, which is natural, since the price is determined by supply and demand.
You have full control over when and how you sell PMXX. It is a digital currency backed by gold, which makes its price stable. This feature also reduces long-term investment risk. Short-term fluctuations will occur naturally, but they are unlikely to have the same volatility as in fiat currencies and other digital currencies.
Conclusion. PMXX People’s Money project Giving Back
By becoming a PMXX investor, you will not only benefit, but also become part of the project team's efforts to provide educational resources for children from poor mining communities. And this is not small and, as I think, very important!
If after reading my article you, like me, decide to become a user and investor of the PMXX People’s Money project, you should definitely visit the official Website, Telegram, Twitter and Instagram for more information.
Website: https://metalbacked.money/
Telegram Chat: https://t.me/MBMX_Universe_chat
Twitter: https://twitter.com/MetbackedMoney
Instagram: https://www.instagram.com/metalbacked.money/
Disclaimer: if you see these pictures and this text, which are made by me Beast-Bin-Go personally and are my intellectual property, please know that it is stolen from here! 0x4303bE27b0848894Cb9E0aF84363D113c8c72164
Author.
Bitcointalk Username: Beast-Bin-Go
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2850044
Wallet: 0x4303bE27b0848894Cb9E0aF84363D113c8c72164