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Author Topic: Are there any Altcoins out there backed by real assets?  (Read 604 times)
TokenHodlr (OP)
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October 03, 2019, 07:52:17 PM
Merited by TimeTeller (2)
 #61

Excellent finally a clear explanation of this situation, each digital asset is backed by a project or idea.
The Mintme platform has been working on this, encouraging anyone with a solid proposal to create their
own token backed by their creations. In addition, Mintme gives you the opportunity to trade and exchange
your tokens to give them more value by making them fluctuate.

I thought that you have forgotten the meant of legal tender. The government and regulation
make it becomes a real thing even without backed by a commodity like gold. But the regulators
who are issuing it and backed it with their own regulation.

Money and gold are different things and remember when the gold era was replaced by fiat standard as the
main payment system.

The only projects I am sure are backed by real assets are stablecoins. For example, Paxos has made
an audit of its stablecoin PAX and it is verified that it is 100% backed with real USD.

I don't know how safe the altcoins are back it up by gold. I have not read much of them.
But, if I know altcoins as a mintme coin, backed by original content and projects, in mintme. In
mintme, If you are a creator can create a custom token and support projects, original and personal
content in them.

These are all BS and you ‘youts’ know it.



Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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October 03, 2019, 08:47:21 PM
 #62


Looking for an Altcoin that is backed by something; akin to the Gold standard as opposed to just speculation....

Thanks in Advance


There are quite a few of altcoins backed by physical real assets.  You just have to spend some time researching and reading about altcoins to identify them and check for how true they are.  Once you do that, you can personally identify what will be good and best suit your investment plans.
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October 03, 2019, 09:12:02 PM
 #63

I have recently heard that Paxos will create a gold-backed coin, I am not fully informed about the project, but I believe that PAX is reliable.
Besides, this article is right for you, at the end there are sequence that can attract your attention: https://cryptodigestnews.com/gold-backed-cryptocurrencies-everything-you-need-to-know-c71c1c00fa38
I don't know how safe the altcoins are back it up by gold. I have not read much of them.
I recommend read entire article, you will learn many things about this theme: https://cryptosis.io/asset-backed-cryptocurrency/
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October 07, 2019, 07:51:09 AM
 #64


Looking for an Altcoin that is backed by something; akin to the Gold standard as opposed to just speculation....

Thanks in Advance

Be careful in finding the right project backed by an asset. Cause sometimes there are projects that are not licensed nor backed by an asset by claiming to be an Asset Backed Token(ABT). But this kind of concept is very amazing, imagine all assets in the world being tokenized. 5 to 10 years from now we may have seen that.

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October 07, 2019, 08:10:37 AM
 #65

It's good to diversify your invest, you go for USDT
Tether? are you serious? USDT isn't really ideal for investors. This is a coin to convert your profits from different cryptocurrencies that you are trading like bitcoin. I don't use Tether but it's said to be backed up by dollars so I think that would count as a good answer to OP's question but being considered as an investment, I don't think it's a right choice.




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TokenHodlr (OP)
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October 07, 2019, 05:30:23 PM
 #66

It would appear thus far that the answer to my question is "not yet".

For example, the recommendations are not backed by real income-producing assets, i.e.
diamonds, gold, U.S. Dollar, as none of these produce income streams. Real assets, by definition,
must produce a yield. Without the yield, price is a pure speculation. The better bet would be owning
the underlying commodities directly, which for the vast majority of us is simply not feasible. This means
that the native token must be built on a foundation of income from operations.
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October 08, 2019, 05:24:21 AM
 #67

No one altcoin have backed with real assets because the owner want to be rich with their coin without have money, if they have real backed assets why want to be developer of altcoin or ICO project, they want to enjoy his life with his real assets and never take risk with altcoin or ICO project selling.

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October 08, 2019, 06:43:03 AM
 #68

For a coin to be backed by a physical asset (gold, diamonds, oil and so on), the company itself must have a reserve of these physical assets. At the moment I don't know any companies. Of course, we can say that 1 token is worth 1 gram of gold, but this will not be a reinforcement.
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October 08, 2019, 06:54:07 AM
 #69

I don't think there is currently an altcoin that is supported by real assets because the risk is greater, but there are also some altcoins that state that they are supported by real assets, but the reality is not, all of that is done only to attract interested investors, some even in declared supported by gold but that there is no evidence yet.

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October 08, 2019, 08:33:27 AM
 #70

No one altcoin have backed with real assets because the owner want to be rich with their coin without have money, if they have real backed assets why want to be developer of altcoin or ICO project, they want to enjoy his life with his real assets and never take risk with altcoin or ICO project selling.
of course yes, stablecoins like USDT USDC PAX .... all are backed by USD at a 1: 1 ratio.
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October 08, 2019, 09:20:14 AM
 #71

All crypto are backed by real asset and the first worldwide example of real asset is money, usd or gold among few others, the ability to be able to swap cryptocurrencies to usd says everything you need to know

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October 08, 2019, 09:36:59 AM
 #72

All crypto are backed by real asset and the first worldwide example of real asset is money, usd or gold among few others, the ability to be able to swap cryptocurrencies to usd says everything you need to know
Only a few altcoins are backed by real assets. Also all is just rubbish and it may crash at any time


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October 08, 2019, 10:15:16 AM
 #73


Looking for an Altcoin that is backed by something; akin to the Gold standard as opposed to just speculation....

Thanks in Advance

Yes there is some of it and it was called a stable coin Like for example the Gold Stablecoin (Gold Token) it was back by a real asset like gold 1 gold token is back by 1 gram of pure Gold 99.99 % fine stored at BullionStar vault storage owning a Digital Gold is much easier today via Gold Stable coin platform. 
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October 08, 2019, 12:32:19 PM
 #74

It would appear thus far that the answer to my question is "not yet".

For example, the recommendations are not backed by real income-producing assets, i.e.
diamonds, gold, U.S. Dollar, as none of these produce income streams. Real assets, by definition,
must produce a yield. Without the yield, price is a pure speculation. The better bet would be owning
the underlying commodities directly, which for the vast majority of us is simply not feasible. This means
that the native token must be built on a foundation of income from operations.
The term "asset"  only means something that has value and can be used to pay debts.
https://www.lexico.com/en/definition/asset

While the term "yield" is more closely related to business. An asset cannot yielding profits if it's not used in productive activities by a person or an organization.

My problem with the token built on top of income operations is that it will no longer function as a currency, but a security, or a non-dividend paying stock.

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October 10, 2019, 09:08:11 AM
 #75

there were many legit real asset backed tokens.

DGD,golden backed ethereum token,launched in 2016.
https://digix.global/dgd/

Stablecoins,USDT,USDC....
backed by real US Dollar.

Digital collectibles, such as CryptoKitties...

and so on


 
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NathanJB
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October 10, 2019, 09:31:36 AM
 #76

I have come across several projects here and somewhere else that claim to be backed by gold. I cannot remember all of them but there was EKON which claimed to be fully backed by gold as well as audited. The ratio was 1 EKON token for 1 gram of gold. And then there is also Digital GOLD, a stablecoin which is also fully backed by gold.

I am not part of these projects nor am I endorsing any of them. I did not even take a look at their whitepaper. So any decision will be yours to make after your research of these projects.
poornamelessme
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October 12, 2019, 06:43:48 PM
 #77

There are a number of gold based coins, as already mentioned. Some real estate ones too .. and things like bitbond sto which is a security (bond, to be exact). Not sure if the OP considers that a real asset or not. Stablecoins in theory are based on real assets, but they aren't exactly money making endeavors for investors.

I think eventually a lot of stocks/bonds will get tokenized, but the SEC moves in slow motion, so who knows when/if that will occur.
TokenHodlr (OP)
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October 23, 2019, 04:19:53 PM
Last edit: October 24, 2019, 01:48:59 PM by TokenHodlr
 #78

My problem with the token built on top of income operations is that it will no longer
function as a currency, but a security, or a non-dividend paying stock.

I believe this issue is addressed in the concept paper.
Income from operations becomes a proxy mechanism
for true price discovery, convertibility, utility, etc.

And continuous self-funding of asset/income acquisition
and related on-going Protocol/DLT/SBX eco-system development.
cheezcarls
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October 23, 2019, 04:27:42 PM
 #79


Looking for an Altcoin that is backed by something; akin to the Gold standard as opposed to just speculation....

Thanks in Advance


There is an altcoin that was backed by real physical gold, and it's no other than PG-Pay. Last time, they did an ICO with their old name known as Puregold Token. But now, they've rebranded themselves as PG-Pay. Last time, their token was traded on the COSS exchange before they decided to do the token swap.

I think they're doing a private sale now and IEO later on.

The good thing about them is that their app is already up and running, and their gold ATM as well.

You can check my video review and app demo about PG-Pay here. I will be visiting their office in Singapore next month, as well as their gold ATM.

Also, there is a Philippine-based token that was backed by real estate property, which was known as C Estates under NEM blockchain. You can manually search that.

Only a handful of altcoins right now that are actually backed by real assets.
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October 26, 2019, 02:46:41 PM
 #80

There are some really great projects not only with an interesting idea, but with a working product as well, the biggest problem is that because of the poor management and the lack of investors interest even great projects cannot collect enough money.
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