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DeFi tokens / Re: What is your favorite Defi token ?
« on: September 22, 2021, 11:14:07 AM »
I like AurusDeFi (AWX) - revenue sharing token which pays out in precious metals. Good value preserving against declining fiat currencies.
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Stable Coins Forum / Re: Should you invest in Stablecoins?
« on: September 22, 2021, 10:52:12 AM »Stable coin is similar with gold, guarantee our asset will not loss in high number but of course with small profit. This coin not interesting for people who like challenge but favorite for trader/ investor with safe method. 20% from our asset should become stable coin, will reduce high risk and also solution when high fees or busy network for transactions. Market is place for possibility and risk, stable coin is the right choice for both of it.
Stablecoins based on precious metals have multiple advantages. Throughout the century they have proven to have better returns (physical gold etc), even more than stocks when calculated against the devaluation of the fiat currency. Owning precious metals via a digital layer should be appealing to a bigger mass of people. I wonder what will happen with supply, (fiat) prices etc when much more people own a/few gram(s).
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Stable Coins Forum / Re: Should you invest in Stablecoins?
« on: September 22, 2021, 10:48:02 AM »It's all the same as asking whether it is worth investing in the US dollar. Stable coins are just money and cannot be profitable for their holders. Of course, except for the case that the national currency, which secured the stablecoin, sometimes strengthens in the exchange rate in comparison with other currencies of the states. Stable coins are created as a buffer between cryptocurrency and fiat for the convenience of working with cryptocurrency.
True, for fiat currency backed crypto it is. However to me personally stablecoins with fiat are a paradox. Fiat currency is void of anything, so digitization further that nothing, I do not understand. Yes perhaps from a payment system perspective, not from a monetary one.
I personally like physical asset-based ones better, precious metals for instance.
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