On October 8th 2021 Cuprum Coin s.l.l.c. launched the successful pre-sale phase of its commodity-backed cryptocurrency, with an underlying asset worth over US$60 Billion, and attracted 14,000 registered users until November 26th.
The company’s primary goal is to create a common ultra-fine high purity copper powder marketplace by providing a blockchain-based-enabled cryptocurrency trading platform.
Due to material (copper) costs and the challenging manufacturing process, ultra-fine copper powder is considered one of the most valuable materials in the world. Its primary use is in the aerospace industry and space programs (Cu-W or Copper-Tungsten Bimetal composite production) and medicine (production of radioisotope Zn-62 and isotope Cu-64 for cancer diagnosis and treatment).
In most cases, ultra-fine copper powder ends up in bank vaults as loan collateral. Due to its specific and publicly inaccessible end users, its use in the financial world is limited to privileged institutions.
As it is not classified as a financial instrument, interested parties like retail traders, private investors, and investment firms cannot participate in the market, and the product (ultra-fine copper) cannot have an official and realistic price.
That’s why Cuprum Coin is a straightforward solution to the non-existing market. It offers the best way of presenting your money through the use of a featured digital commodity. Despite Cuprum Coin is based on DLT (Distributed Ledger Technology), it can meet all classic commodities criteria like Gold or Silver and traditional fiat currencies.
By estimations, the demand for ultra-fine copper powder will stay stable and remain uncompromised with an 8 to 12 percent expected annual growth rate.
Another essential piece of information is that this project is built on TEZOS.
Why TEZOS?
Tezos is a perfect alternative platform for developing an eco-friendly blockchain environment. Its proof-of-stake needs less cost of…
