Quote from: levvv on January 14, 2019, 02:10:21 AM

Quote from: NeoAnderson00 on January 11, 2019, 01:42:33 AM

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

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

[my note: I posted this in a thread on a different board...but don't know if I posted it in the right place]

Even bitcoin is not backed by physical asset. The common backed crypto is usually peg in USD value, like USDT coin.
But i think i have seen some erc20 tokens is backed by gold value, or something like mining gold and pay dividends to the holders.
Backing cryptocurrency with physical asset is not easy to do because the nature of crypto value is volatile.

Yeah the Libereum is based off ERC20 tokens.