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RE: Why is Quintric More Tempting than Bitcoin As A Store Of Value - Legal Tender Laws Explained
A surprising number of ICO’s are not actually backed by gold at all, but merely simulate the properties of gold, or borrow their value from some random amalgam of assets (gold, silver, platinum, real estate, oil, etc.).
https://www.upma.org/newsroom/2018/4/17/an-overview-of-metal-cryptos