Quote from: Hallmader on November 20, 2019, 02:00:54 AM

Quote from: Wysi on November 05, 2019, 08:31:02 AM

We have seen some of the assets backed crypto coins in the market on the way and do you guys think this will be the future as this is directly based on national assets like gold and other products like charcoal and energy based products. This will help in growth of country's economy if not taken over by greedy corporatesand and and will it have government's support or soft corner in the regulator's eye as it will bring in some money from outside.

I have heard of many people saying the future is going to be asset backed tokens. They may be right but I cannot see a very strong asset-backed token as of this moment. There are fiat-based tokens though. They are backed with actual fiat but they are not considered asset-backed tokens. There were many attempts in the past to sell tokens that are claiming to be gold-backed but nothing is heard of them ever since. They must have all failed.

There was also a bounty in the past which they claim that it would be backed by silver though as it turns out it's not that legit and it soon lost its value. A lot of ICOs had been conducted and most of them turns out to be scam and we could also mean that in general so that's why you need to select which ICO to invest. Though honestly I think the idea of cryptocurrency backed by something like gold or silver is brilliant but it is not taken seriously. I think there was a project that is paying you could search it if I remember correctly.