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DinarCoin (DNC): Why Gold Backed Cryptocurrencies are Thriving?

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DinarCoin (DNC): Why Gold Backed Cryptocurrencies are Thriving?

 

Not so far at the end of June 2019, Bitcoin closed somewhat near 13,000 USD since January 2018. The figure was the highest of 17 months, and after three months, its price declined by 38%, showing a high level of instability and fluctuation. And, it’s not the first time Bitcoin has demonstrated such a drastic fluctuation. The same reason that made cryptocurrency notorious, but the matter of fact is gold-backed cryptocurrency is setting hype over time.

Amazingly idea of gold-backed digital currency isn’t new at all. 1995 saw the existence of first virtual currency entirely backed by gold, named E-Gold. However, the advent of Bitcoin backed by blockchain technology enters the world into a new era of cryptocurrency. The crypto world is facing a gold rush, so DNC is kicking off its 4.25-gram gold-backed cryptoasset.

 

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Its primary concept is undoubtedly compelling. One DNC token with a strict floor value of 4.25 grams of 99.9%K (24K) gold. The gram of gold is stored by a trusted custodian (preferably third party) and can be traded with other coin holders. So, the token price will not change drastically. Moreover, it emits the risk of full payment sunk. Its minimum value will always remain as the 4K price of gold.

Built on Ethereum Blockchain DNC Token (DinarCoin) enables its investors to have a relatively stable and secure crypto investment that’s redeemable.It also allows users to mint new coins safely. DNC ERC-20 comes with minting and burning capabilities for all without compromising the security. It enables functionality that bridges liquidity from providers of fiat to the Ethereum blockchain in real-time.

DNC Physical Gold is stored in secured vault under Harimau Mint Gold (HMG). Harimau Mint Gold is based in Selangor, Malaysia offering high quality gold coin in different weights. So, investors do not have to worry about any scam or relevant material. They can easily buy DNC from Dinar Exchanger.

 

Edited by zahedaziz

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