Post
Topic
Board Announcements (Altcoins)
Re: Introducing Storecoin zero-fee payments and p2p cloud computing platform
by
storecoindev
on 15/07/2019, 14:40:28 UTC
I don’t understand why tokens which backed by data is more stable than tokens which backed by USD or a basket of global currencies..

This is not about stability. Tokens backed by USD or a basket of global currencies have their own use cases. If data is the new oil we believe that it can be tokenized. Think of every piece of *valuable* data having its own private key. If data is indeed valuable, the resulting datacoins will be valuable too. This is in contrast to ERC20 tokens, which are not backed by anything (except for the future deliverables by the team) and hence they are mostly speculative. Our Litepaper describes these concepts in detail.

- Storecoindev