Looking for opinions on asset backed coins. Looking at QuantmRE. Any thoughts?

[panda2627]

It seems to be trying to be an asset backed stable coin that uses tokenization and a membership system to allow realestate investment.

http://quantm.one/

They're very new, but growing... I joined their tele.
https://t.me/QuantmRE

Opinions please! There are some other competitors too like Slice but I want to know more... 

[BitcoinNewbie15]

I would stay away from any coin that is asset-backed. In order for it to truly be backed by assets, it needs to be centralized. Cryptocurrency is not for centralization, it just does not make sense period. So a centralized cryptocurrency is essentially pointless. Not to mention actually backing crypto by assets is not an easy task, and state actors could easily shut it down and seize the assets if they "deem" any activity as illegal activity. So you have a higher risk of asset backed cryptocurrencies being destroyed and becoming worthless IMO.