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Messages - Kryptarion

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1
This is a good review and you cover almost all aspects. I must say a job well done. Did you at any point in time heard of KoinPro? It worth looking, I am making profits in any market condition with their smart trade panel. I will like to have your opinion
Thank you for the comment #vicoma4real, I am a professional writer.
I have seen KoinPro around few times. The project looks solid. However I have not tried their smart trade panel. So I can't share any real opinion about it. I will make research tho. OK will probably try them out.


2
Most goldstable projects are at risk. Projects are not currently successful. Because most good people do not invest and support. No one can say exactly why this change has taken place. However, in the early days of cryptocurrency, people supported gold tokens and projects. But I hope it will be stable. Thank you for a good post.

Thanks for your comment #Plaglamon. Correctly said, one of the problems faced by crypto projects is the required support by the investors. Not too many investors invest and support good projects.

3
Gold holds the real potential for the future; the world is currently in crisis andvthecwsy forward for the people that has a huge fiat pile should also consider selling them

You are correct #Abinsur. Fiat is a dangerous and risky asset to have in a fragile economy. The best option is gold. Gold does not bow to the forces of devaluation. Thanks for you comment

4
Gold is a stable asset thats why it was preferred to back up something, like the fiat currencies, But our time has changed already, nowadays we trait Gold as a commodity, people can order and buy Gold anywhere so its the common thing in our era. But after the proliferation of cryptocurrencies, the introduction of GoldBacked Stablecoins has become common and popular But there's also a risk because most of the projects were not backed by Gold. Only one project I know that backed by Gold. and it was transparent enough to show that their Gold token is backed by Gold and it was the GoldStorage (Gold Token) which is everyone can audit its total Gold Holdings in the BulleonStar Vault in Singapore in daily basis 24/7 seven days a week. No offense but it is true.

Thanks for your comment.  You are correct about the adoption of crypto-based gold in recent times. The idea is because gold can actually hold it's ground against market volatility. This property has given gold an ultimate advantage over fiat-backed stablecoins. 

I'd like to make something clear though; Aureus Nummus is a project that is still in production. It has not launched. The team has a solid plan to utilise a verifiable storage where all the real gold can be cross-verified against digital ANG coin

5


In 2018, three currencies—the Turkish Lira, the Venezuelan Bolivar, and the Argentinian Paso, lost at least half of their value; the Bolivar, in fact, lost over 99% of its value. This depreciation of the native currencies was caused by the government of each country; however, it was the ordinary people of Turkey, Argentina, and Venezuela that paid the price.

Modern-day national currencies, which are also referred to as fiat currencies, are backed by nothing and their value is driven by the economy and monetary policy of the country they belong to. Both the economy and monetary policy of a country hinge on the decisions of politicians in the ruling government. The consequences of bad monetary decisions’ taken by self centred politicians’ are often a burden on the masses. Native currencies whose value is entirely controlled by the state ensure that governments possess an incredible of power.

The depreciation of a currency proportionally depreciates the wealth of those who hold it. Therefore, in a sense, currencies are very much like assets — highly liquid assets that can be used to transfer value with ease. Though, this is an asset that is constantly depreciating, and in some cases, the depreciation is enough to cost people a vast portion of their life savings.

A currency with true value

Before the inception to fiat currencies like USD, Pound, Naira etc, native currencies were backed by the gold held in a state’s treasury. And If a nation would print excess paper money, the value of the outstanding notes would have to be diluted. This would definitely lead to depreciation.



Before the modern gold standard, gold itself was the major means of transferring value.
Despite the  limitations of gold as a currency; it has ensured that decisions of the governor does not affect people.

Interestingly, the amount of gold held by people would not reduce in value even if the state indebted itself. Of course, in times of a state’s financial turmoil higher taxes would be placed, but this led to a positive feedback cycle where the state was able to pull itself out of debt.

A few Turkish, Argentinians and Venezuelans who were able to sell their native currencies, before the sudden hit of depreciation, were able to preserve their wealth and escape devaluation. Unfortunately, vast portion of the populations if these countries were not able to preserve their wealth as they did not have the foresight needed to predict the calamity.

But what if we can use Gold as a currency once again?

One of the greatest benefits of blockchain technology which is tokenization, has been applied to different use cases including precious metals by a number of ambitious projects. Few projects have been led by teams that have tokenized gold in an effort to make it easier to trade gold against other cryptocurrencies. However, this move is a mere sampler of what can actually be achieved with the tokenization of gold.

Preserving Wealth

ANG coin created by the Aureus Nummus give everyone, irrespective of their country, the opportunity to preserve their wealth while holding a liquid asset in gold. For the first time, gold will no longer be a chunk of possession as Aureus Nummus project creates a financial system that preserve the wealth of the people from the kind of devaluation that happened to the native currencies of Argentina, Turkey and Venezuela



While it is difficult to acquire foreign capital in countries where the national fiat currency faces sharp depreciation, cryptocurrencies, due to their decentralized nature, make their way past any and every border. Major cryptocurrencies such as STEEM, HIVE and Dash have helped Venezuelans and Turkish people defend themselves against the depreciation of their national currency. And, to a lesser extent, even Argentinians have used this strategy.

ANG coin Cain solve the problem of fiat devaluation

As everyone around the globe recognizes gold and the value it holds, the people threatened by a depreciating native currency can hold onto gold, an asset that is only known to appreciate in value. And while it may be difficult to acquire gold in local markets, they can purchase blockchain-backed gold currency through crypto exchanges and p2p markets. Alternately, ANG coins can directly be purchased during the IEO.

WEBSITE | WHITEPAPER | TELEGRAM

Telegram: https://t.me/@Kryptarion1
BTT: RANIE

6
Nice article #AbinSur.  You have explained this company very properly. I enjoy reading.
I think that the corona virus is bad, people are already suffering and dieing from it. Our pets should be protected.

7
The TOKO coin is doing relatively well with the current market upsurge

8
Thanks for the information. Good luck!!!

Thank you #chrisbarett

9
Nice content @CryptoBull. A good perspective of writing too. You have describe this project well. It must be a good side. I wish it company luck

Thanks for you comment #AbinSur.

10
An interesting article to read. Digital gold seem like a big deal. The fact that the digital gold will be pegged against real life gold makes it a stable digital coin. @CryptoBull Do you think that this project will get huge adoption?
Thanks for your comment. The project has a very determined and committed team. Their proposition dog digitising gold is a good innovation. I'm sure it will be met with good adoption
#AbinSur. From time long ago, gold has carried value across centuries. It has helped stored wealth without loosing value, this is because gold is immune to inflation. Tokenising Gold provIdes people with opportunity to store value without the fear of inflation or depreciation.

11


A new Gold Standard is arising and it will revolutionise the use of gold as money.

The means to transfer value across board is an essential part of day-to-day life. Naturally, anything that facilitates the transactional channel for the transfer of value applies a fee; payment cards such as MasterCard, Visa, PayPal are a well-established example of this. Like payment cards, all other channels that facilitate the transfer of funds tends to typically benefit only a few and this is an obvious truth about today’s monetary system..

Aureus Nummus, is a novel fintech startup that is creating a new Ethereum blockchain-backed transactional channel that does not only re-establishes the gold standard, but will also create a channel where value transfer will involve everyone to play a role.

Take Your Role In A Monetary System
The fundamental aim of the Aureus Nummus project is to build a new standard for Gold — one which aligns with the functionalities of money in the digital age.Through ethereum blockchain core, the protocol tokenises gold and peg it at a stable equivalent of real gold.



Aureus Nummus is simply the protocol and ecosystem that has built a platform where people can transact and use gold to pay for transactions without incurring fees. Also people can as well purchase gold tokens that are equal to one gram of 99.99% FINE gold that is stored in the company’s vaults.

The Process And the Gateway

The first step in the Aureus Nummus monetary system is the creation of the tokenized gold. There will be no control from the government or any centralized entity; instead, people will have the ability to use Eth, BTC or USDT to buy the physical gold in form of Gold tokens directly from the marketplace on Simplexx gateway.

Aureus Nummus project has collaborated with Simplexx  to create an instant marketplace where people can easily buy ANG coin. This marketplace allow users to simply fill out form



On Simplexx, users can easily swap other cryptocurrencies such as Eth, BTC and USDT for the ANG coin. This has created a fluid and hassle free medium to trade these tokens for gold. Beside the marketplace within on Simplexx, the ANG coin will also be listed on other big crypto exchanges

Creating the ANG coin

Due to the abolishment of the past Gold Standard, people have become too used to keeping gold. This has resulted in gold becoming a store of value rather than a means of transferring value. Therefore, to ensure a shift in mindset of the people, ANG coin was created.

The ANG coin exists for the purpose of encouraging people to utilize tokenized gold as a currency rather than a store of value. ANG coin is a digitised gold that can be used to hold value and transfer value. ANG coin is designed to allow people use it to pay for transaction fees. The kind of strategic deployment of Aureus Nommus project is necessary for any disruptive new technology

The new Standard that Digital Gold project is setting will allow every member of the cryptocurrency community to play a role

WEBSITE | WHITEPAPER | TELEGRAM

Telegram: https://t.me/@Kryptarion1
BTT: RANIE

12
Great idea by Arc Iris. mining platform. But I have doubt that whether mining is profitable in this low market price situation. So, I will invite to join koinpro exchange and trading platform. Trading is the best way to multiply your cryptocurrency.

U have a good point about the market being in a low sate. However, mining can still be very profitable. Considering that the market will not continue to stay like this. It is almost a guarantee that the crypto market will surge back up and mining will become more profitable. I personally think it is better to acquire when the price is low. People can mine and keep their tokens until the market is good before selling.

Thanks for your comment anyways

13


China has been the major source of mining power used by mining farms


The sudden fall in the prices of crypto coins has risen concerns over the feasibility of mining operations. Although, mining operations are still lucrative in few parts of the world; slump in the price of Bitcoin has made way for diversification in the mining industry by allowing the establishment of mining farms in countries where electricity cost are lower than in China

Better services — New opportunities

Since the beginning of 2019, the prices of bitcoin has allowed a number of mining companies to control a huge portion of the network’s hash rate. And while competing mining farms offered reduced fees and better ROI, the major and established mining farms out-marketed new entrants; moreover, the major farms had the cash flow to very easily grow their hash rate, thereby scaring off new entrants.

And of course with mining, the hash rates are not rising but depreciating.

Since the market leaders have become complacent and no longer improve on their mining farms, new market participants are encouraged to enter the market with confident, knowing that they can also share from the hash rate. Few of these new mining companies have been smart enough to launch their operations in countries with low electricity cost — this has allowed them to be able to compete with the giants of the mining industry.



Moreso new mining farms are implementing disruptive strategies such as low fees, provision of better service, and adopting latest environmental friendly methods of mining cryptocurrency

Arc Iris, is a new mining operation startup that aims to lead the shift to a more globalized presence in mining industry. The mining project is going to be utilizing a technology that will drastically reduce both cost and effect of using electricity to power mining operations. The project aims to use hydrogen mining method, this method will open its users and investors to some unique set of amazing benefits.

The Current Status Quo of the Mining Industry

Major mining establishments have enjoyed the lack of genuine competition for a long time. This has allowed them to control a hefty percent of the mine’s block rewards, charge high fees in their mining operations and even keep transaction fees from block rewards.

AntPool

This company has asserted its dominance over the market and kept competition at bay for a long time by mounting several rigs to monopolise the market. This has allow them to not only control 2.5% of block rewards, but also keep transaction fees.

BTC.com

BTC.com has kept the completion on with AntPool. Although the company doesn't charge  2.5% on block rewards, other fees by BTC.com which adds up to 4% are more than what AntPool takes.

F2Pool

Contrary to what the name may suggest, being a part of this pool is nothing close to free. The pool takes 3% of block rewards and also hold on to the transaction fees.

Arc Iris to deploy strategies that attract investors and breaks into the market

New market entrant; Arc Iris, is keen on boosting the quality of their service in order to command increased market share. Hence, they keep their mining operations up-to-date with the latest equipments



More importantly, Arc Iris is ensuring that the hash rate is not concentrated in only one country as they plan to build more farms and mount more mining rigs across the world. This will enable them to utilise many opportunities that are available across the globe.

For instance, Arc Iris, takes advantage of the incredibly low energy and eco-friendly hydrogen mining. Through this method, Arc Iris is able to significantly reduce the operation cost significantly for the miners thereby increasing their mining profit. Operations remain very profitable for Arc Iris even if the current price of bitcoin forces some major mining companies to barely break-even.

WEBSITE | WHITEPAPER | | TELEGRAM | TWITTER

Telegram: https://t.me/@Kryptarion1
BTT: RANIE

14


Online form of commerce (e-commerce) is witnessing a massive evolution in recent decades. And it has played a significant role in the way people are doing businesses across the globe.

One of the major advantages of internet is  that the technology has provided an improved and easy way of communication. Interestingly, in recent years, people have leveraged the internet on daily basis to communicate data across the world with an ease of accessibility that was not possible in the past. Data communication extend beyond only the display of words  — any form of trade, whether of products or services, involves a high level of transfer of information.

The revolution of Internet has made it very possible to transfer the information required to perform trade in any market at an incredible speed while providing an ease of accessibility. One major impact this has had is the development of e-commerce. While conventional stores rely on providing information of their inventory or services primarily to the area that surrounds them, e-commerce allow people to do business across the entire world .



There is no doubt that the internet has eased modern business. However, it faces one major limitation —  in its current state, internet can only facilitate data transfer, and communication is only one part of trade. The other part of trade is the actual transfer of value, which is done through some form of value storage —  the current standard used across the world are native fiat currencies( such as USD, GBP, NGN etc). The internet does not host an internal mechanism to transfer value and it is necessary for any e-commerce channel to rely on external value transfer networks via payment channels primarily owned by card networks, such as Visa or Mastercard.

Problems with use of external payment channels

The use of external payment gateways in processing transactions comes with few inefficiencies. Most payment gateways charge a high network fee as they need to maintain their payment provision, payments are largely delayed because processing requires many middlemen, and a few companies have a heavy dominance on the completion of transactions. Blockchain technology offers the opportunity to eliminate these key inefficiencies, and a new currency aims to facilitate e-commerce transactions across the world.

Blockchain-Based financial infrastructure

Blockchain technology is a phenomenal innovation of modern era. The technology provides the ability to act as a layer atop the present functionality of the internet. It enables the twining of information provision and value transfer and as a result of this, the primary problem of reliance on third party transaction fulfillment is eliminated.

Use gold to pay for business transactions

A novel project called Aureus Nommus is a digital gold anchored on the blockchain. The project aims to fill the gap in e-commerce by providing an asset-backed currency on the blockchain. Global e-commerce users will be able to utilize this currency to perform transactions with great pace and lowered transaction costs; as a result merchants will be able to access the capital for renewed inventory faster and consumers will have easy access to cheap products (as transaction fulfillment will be cheaper).



A blockchain based infrastructure for e-commerce provides additional benefits. This currency will serve as a stablecoin which can shield cryptocurrency users from the volatility of digital currencies. It can facilitate global transactional fulfillment as it does not face problems stemming from political issues that can devalue fiat currencies. And unlike most cryptocurrencies, Aureus Nommus (ANG) is backed by real gold and sustains a stable value based off the asset. As a result, reliable pricing are often sustained because the floating value of Aureus Nommus  are going to be stable.

WEBSITE | WHITEPAPER | TELEGRAM


Telegram: https://t.me/@Kryptarion1
BTT: RANIE

15
They paused their campaign. I think they failed to raise enough funds for the project developments. But I liked that idea but I think investors are not in a hurry to invest. They just don't want to lose their money so without the support this project can not come into real life.

True I saw that their fundraising is stopped. The market is generally not doing well cos of the global health issue

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