Post
Topic
Board Altcoin Discussion
Re: BTC Pegged Altcoins? Are that useful?
by
CryptoBry
on 21/10/2018, 10:18:18 UTC
Stable coins, asset backed tokens, lambo backed coins...it's the fashion of the moment.
I was trying to find out if there are tokens/coins pegged to BTC. And I know there are some "single purpose" BTC pegged coins like LBTC (Liquid Sidechain). Added value BTC pegged token could be a nice product?


People are maybe looking for more value and stability but still in the framework of cryptocurrency and this can be the big reason why we have stablecoins taking the spotlight. And i think this is going to be a good development for the whole cryptocurrency market...we need more projects pegged to things we know can be valuable or solid like gold, diamonds, fiat money or as what you are stating here to Bitcoin which I find really interesting. Let's see how this trend can be influencing the whole market in days to come. Personally, though, I welcome this development with open arms which is showing us that we are now evolving.