Cryptocurrencies are an increasingly important part of today’s financial and investment ecosystems. However, one thing that is deterring investors from joining the crypto movement is the notorious volatility of cryptocurrencies, often making them seem like a gamble rather than a reliable means of investment. The solution: A crypto asset backed up by real gold reserves, combining the disruptive potential of cryptocurrencies with the lasting value of precious metals. This cryptocurrency, Cyronium will open its initial coin offering (ICO) for institutional and private investors on July 27th 2018.
Cyronium does not only offer a stable cryptocurrency backed by gold, each coin being backed up with 24 carat 99% LBMA gold weighing 20 grams. It also offers a comprehensive ecosystem to enable small and medium-sized enterprises (SME) to access the crypto economy. SMEs will be able to raise funds through ICOs on the Cyronium platform and to easily distribute shares to large and small investors, equally using the Cyronium platform. In other to serve SMEs in the best possible manner, Cyronium features three sub-blockchains: VOLKO, TREE, and KOINAKO. Assets on the VOLKO blockchain are businesses owned by small enterprises and managed by the Cyronium team, on KOINAKO, rented accommodations, and TREE, physical plantations reporting their harvests to the Cyronium ecosystems.
Technologically, Cyronium is based pn the Ardor platform, which is itself based on the NXT codebase. Thus, it features independent side chains, is energy is efficient and fast using a proof-of-stake consensus algorithm, and secure against malicious interference. Cyronium tokens, CYRO, will be traded on the santara market place.
Cyronium is one of the most promising gold backed cryptocurrencies according to Goldscape. It was founded by Mardigu Wowweik Prasantyo, a business man with over 30 years business experience in various industries such as oil, gas, property and many others in Indonesia and abroad. To learn more about Cyronium and its founding team, visit https://www.cyronium.com or follow @Cyronium on twitter.
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