A Fractally In Orbit Team Presentation
It is well understood that a primary driver of the creation of cryptocurrency was to break free of the central banks predatory monetary system. Bitcoin was invented out of necessity, mother strikes again! It is also well understood that gold and silver have withstood the test of time (thousands of years) in regards to maintaining purchasing power.
The rise of Bitcoin has ushered in a new era of cryptographically sound and secure digital value. The value of cryptocurrencies come from a few factors but the two major ones are ease of use and security. While cryptocurrencies are getting easier to use every day and security is very strong, the leap to daily use has, so far, been hard for the mainstream public. The intrinsic value of gold and silver backed up by cryptography and blockchain tech aims to solve these issues.
Comically there has been tribal debates between whats really the king of money. Gold or Bitcoin? Gold has proven store of value and Bitcoin has proven utility. Let's just skip to the obvious, a gold backed cryptocurrency is the ideal form of a new digital currency.
Introducing Quint
Quint Gold is a digital certificate of ownership of 1/1000th of a U.S. Minted Gold Coin. Quint Silver is 1/20th of a U.S Minted Silver Eagle. These “tokens” allow gold and silver dollars to circulate as digital money.
Advantages
Quintric allows you to move out of debt/hype-based currencies and into a more stable, enduring monetary system. Each Quintric token:
- Certifies audited precious metal coin on deposit
- Appreciates with the gold price over time
- Is inherently inflation-proof
- Can circulate as legal tender, like cash
- Will never be subject to fractional reserves
- Never generates recurring costs for the user
- Can be used for near-instant, global transactions
- May provide tax benefits within certain jurisdictions
Conclusion
It's time to get serious about how you are going to introduce price stability for your Respect token. All sound cryptocurrencies should be paired with a gold backed token to remove volatile price swings from your respective token. I look at the Ruble and with all that is going on in the world and Russia in particular, the Ruble has been loosely pegged back to Gold and that link has provided remarkable stability under extreme circumstances. It's time to start acquiring Quint today and start the process of introducing real sound money into your Fractal Community Respect Tokens!
For more information on Quint visit the official website at https://quintric.com/
Here is a Step-by-Step Guide on acquiring Quint: @highsteam1900/step-by-step-guide-to-depositing-physical-gold-silver-or-goldbacks-into-xbts
