Commodity-backed Cryptocurrency – Tiberius Coin

Commodity-backed Cryptocurrency – Tiberius Coin

Cryptocurrency world seems to attract more and more traditional investors. The latest case being the Swiss-based Tiberius Group – a commodity fund.

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Cryptocurrency world seems to attract more and more traditional investors. The latest case being the Swiss-based Tiberius Group – a commodity fund.

The fund manages various assets such as energy, industrial metals, precious metals and agricultural derivatives. The company’s announcement that it’s launching its own token, the Tiberius Coin, managed to raise the eyebrows of many analysts and crypto enthusiasts.

Tiberius Token

Even little kids have already realized that the cryptocurrency market is highly volatile. And it is exactly volatility that has caught the eye of the commodity fund. Understandably, Tiberius Group doesn’t want its token to be easily shaken by external factors and that is why the token is going to be backed by palladium, platinum, gold, copper, tin, zinc, aluminum, nickel or cobalt, depending on the use of the metals.

Usually, commodities are stored in warehouses or refineries across the world. The fund is not the first non-crypto company diving into the crypto ocean. Kodak made similar moves just a few weeks ago. One thing is for sure, cryptocurrencies can be a great marketing and publicity tool. Some experts, however, predict that the Tiberius Coin will be practically unobtainable for the fund’s investors because it will be traded at enormous premiums. In addition, the crypto may turn to be quite a big chunk for Tiberius’ mouth. The company operates with $300 million while the total market cap of the cryptocurrency sector is $555 billion.

Following the trend

Digital currencies backed by real commodities are not something new, anyway. We already have PowerLedger (power), Goldmint (metal), DigixGlobal (metal), Petro (oil), Tether (USD) among others. Nevertheless, there is something that separates Tiberius Group from the others. It is not a startup company but rather a mature one. It has established itself a name among investors as a trustworthy company. It has experienced managers and versatile investments, something startups do not.

The fund is also willing to follow the established rules in Switzerland, something crypto geeks are not fond of. Actually, crypto coins are favored because they are volatile, decentralized, anonymous and unregulated. Only time will tell whether Tiberius’ adventurous move will prove to be a successful one.

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