Tiberius Coin to Bring Value

Some experts argue that cryptocurrency is not backed by value. However what they have failed to understand is that many fiat currencies such as the American Dollar or the European Union’s Euro are not backed by gold or other commodities either. Tiberius Coin is about to challenge these experts, by being the first digital currency backed by real metals.

Tiberius coin is a cryptocurrency which was announced by Swiss-based commodities fund Tiberius Group which will change the dynamics of cryptocurrencies. Real metals which include aluminum and copper will back Tiberius Coin.

Tiberius Group already mines and trades metals, hence adding this value to back its cryptocurrency will be the core strength. In January 2018 Chief Executive of Tiberius Group, Christoph Eibl told Reuters-

“We want to propose the idea of a cryptocurrency with real tangible net worth,” he told Reuters.

Therefore Tiberius Coin will allow buyers to feel more secure as they can redeem Tiberius Coin for metal which means there will be a minimum value and the volatile nature seen in Bitcoin will not exist.

There are a few cryptocurrencies such as DigixGlobal in Singapore and Goldmint in Russia which are backed by gold. Venezuela developed Petro recently which is a cryptocurrency backed by oil and mineral reserves.

The foundation that is developing Tiberius Coin has even gone to the extent of registering the currency with regulators to take a step ahead in any future regulation problems faced.

Investors will look at Tiberius Coin to invest in metals, hedge exposure against metals and to protect against inflation.
There will be three versions of the Tiberius coin launched each with different investment strategies.

The first will include nickel, cobalt, and aluminum to build electric vehicles. The next is by copper, tin, zinc which high tech industries like robotics use. The third on cash-rich precious metals such as gold, platinum, and palladium which people will use to hedge against inflation and to protect against a slip in the economy.

Tiberius coin has recently hired Phillip Zimmerman, known for his fascinating developments in VoIP encryption protocols. He is widely appreciated for founding Pretty Good Privacy (PGP) which created the first large-scale public key cryptography system. It was an open protocol system whereby encrypted messages could be sent using a public key.

Tiberius Coin has hired Zimmerman as the chief science and security officer for Tiberius Coin. Zimmermann will be responsible for overseeing smart contract security. Tiberius Coin is sending a powerful message to the crypto world about bringing value and standing out from the rest of the cryptocurrencies.