Crypto backed assets

[smoolae]

Don't really know any assets that are backed by crypto and if you think about it why would there be any. The cryptocurrencies as we know them are highly volatile except the so-called "stablecoins". You can have some crypto to be backed by some commodity or valuta, but other way around it would be rather weird.

[1714952849]

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[1714952849]

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[1714952849]

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[luongdk]

Check out gigzi project, but as far as I know it is an ICO, not ready project. According to my experience just all of ICOs connected with crypto backed loans don't have good history and token isn't on demand. That's what I actually see. To my mind there is much more sense to tokenize such things as art , paints . Art is growing and just imagine, you can buy a part of picture. It is awesome!

[cryptomaster420]

It's been coming since 2017, it's convenient, it's absolutely useful and glad to see projects finally utilizing this strategy.
Unfortunately for moonboys, moon missions will not happen on these projects, only boring steady growth with the occasional crash 

[Dragonrage201]

There have been some ICOs that are backed by assets e.g. Gemera backed by Colombian emeralds, Jinbi backed by some African gold mine and some art backed coin.

[Febo]

Anybody know of any crypto-currency backed by actual assets?

I only know of one crypto-currency backed by assets.

Problem with that is that you never know. There is lots coins gold backed. Stable coins are fiat backed. But do they have any Gold really. Do they have fiat stored somewhere?  You dont know. So is really stupid idea to buy such coin. Buy USD or Gold not token baked by them.

Xaurum posted photos of their gold bars inside the bank vault somewhere on their thread, I clearly remember this because I was part of their bounty campaign. I think the previous project was Aurum, I don't know how it works but its also backed by gold.

What can you do with picture?  Nothing. Once something happens they can just sell that gold or pick it up. There is nothing that can force them to hand that gold to token owners. Nothing. If there would be some storeroom with unbreakable lock that could be opened only with your token then could work. But like this is silly. You give them full trust. Sort of stupid if you can just buy gold yourself and put it under your pillow.