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Don't tell us... yes! It is another gold backed cryptocurrency making its IPO this week

Goldhedge

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Don't tell us... yes! It is another gold backed cryptocurrency making its IPO this week


It is almost getting to be a common theme in the cryptocurrency realm, as the arrival of a new week must mean the arrival of a new gold backed cryptocurrency up for an IPO.

On Dec. 11 Baselbit 4 finished its Pre-ICO offering, accumulating over $1 billion in the sale. And this gold and silver backed cryptocurrency appears ready to forge ahead of many other gold backed cryptos that have sprung up in recent weeks.



BaselBit 4(#BB4), a crypto coin underpinned by blockchain and backed by the stability of .999 pure AG silver and .999 pure AU gold value, saw more than $1 billion traded in the first day of its ICO prelaunch today.

Shielded from the volatility of fiat or typical crypto currencies, the BaselBit4(#BB4) is backed by real gold value allocated in the Monetary Lien System vaults, with each BaselBit4(#BB4) coin tied to ½ ounce of 99% pure gold value. Investors can effectively buy and transfer the smallest fractions of (#BB4) directly, anywhere at any time, using gold value or as fractional coins into Silver value as an effective payment mechanism and credit system.

With its secure data key card e-wallet, set to be compatible online or at any VISA or MasterCard location, BaselBit4(#BB4) combines the loyalty rewards incentives of the major credit card platforms with the stable backing of precious metals.

The fee generated by each BaselBit transaction is reinvested to buy more gold to back more currency as the platform grows. Non-depleting precious metal assets are provided by Queen Basel to Delaware-based Global Clear Digital Investment Bank & Trust. – Digital Journal