Real gold and silver as currencies is not a thing in the past anymore! With the rise of a new type of cryptocurrencies, these precious metals certainly have good chances of gaining leverage on the current market. Like the silver and gold backed cryptocurrency called Kinesis, you can have your own real precious metal and use it on different transactions.
How Cryptos Pulls Gold and Silver Back to the Market as Currencies
With the development of stablecoins, gold and silver backed cryptocurrencies have established a direct link from crypto to real-world precious metals. This type of cryptocurrency nails its value on gold and silver, which means having such crypto is equivalent to owning such metals for real.
How Silver and Gold Backed Currencies Became Possiblekinesis is a gold backed cryptocurrency
With the right concept and platforms, some cryptocurrencies like the Kinesis have successfully linked gold and silver as a basis for its value. These cryptocurrencies point the value of their coins to a certain measurement of their precious metal counterpart.
For example, kinesis is a gold backed cryptocurrencyy that has the value of 1 KAU per 1gm of gold. This means that if you want to estimate the value of 1 KAU in US dollars, you can refer to the current value of 1gm of gold for it.
Why Choose Silver and Gold Backed Crypto than Other Cryptos
No one could deny the fact that common cryptocurrencies have extremely high volatility rates. Its value can change significantly in a snap, thus making it very risky for an investment. On the other hand, the silver and gold backed crypto currency called Kinesis has high stability rate, simply because it bases its value on real precious metals in its repository.
For instance, if you’d invest in Kinesis through its ETO platform, you can be sure that you have your own share of real gold. You can choose to claim your precious metal right away or let it sit for a period of time. If you’d choose the latter as an investment, you can surely expect to have increased value later on. Thus, you should learn more info about the ITOof Kinesis, and how could you put your investment through it.
Use Silver and Gold Backed Crypto on Your Transaction
If you have your silver or gold backed cryptocurrency called Kinesis, you can also use it for various transactions. You do not have to claim your real precious metal to do this. Just make sure to find a seller or dealer that accepts crypto, and you can surely have no worries in using it. Of course, feel free to introduce crypto to other dealers as well, and it would be best to start with gold backed crypto to gain their trust.
You just have to know more about silver and gold backed crypto, for you to have a good grasp of having precious metals back to the market. Of course, you can also know more about Kinesis as well, and have one of the best gold and silver backed cryptos available. You can find more info on their website to start.