Where does Quintric say that they price in commodity A and deliver in commodity B? They use the US Mint listed price for a Gold Eagle for the Quint. They will make a market in this and keep the price there. You can send them your Quint and for every 1000 Quint they will send you 1 Gold Eagle. The Quint is then extinguished and no longer circulates. The American Gold Eagle is a true currency of the 50 states. Having 1000 Quint is the same as owning 1 Gold Eagle and can be used for all transactions in the 50 states of America as well as all debts public and private. It is not a commodity and cannot be taxed. It could be worth $1M next month and the IRS cannot tax capital gains on it. If you want to hold gold as a hedge against the FRN (Federal Reserve Note) or to fight the FED and also want to be able to easily spend that gold without assaying / weighing machines then the Quint fits the bill. With that said, why would I ever use Tether now that the Quint exists? Tether is linked to the FRN which makes Tether a digital ponzi scheme. Quint is lawful money and legal tender.
RE: How the Quint is Priced -- Man, the Devil is Always in the Details