Element ASA. Tokens backed by natural resources
I wrote about this company some months ago when I learned about their unconventional way of raising capital. I thought it innovative at the time and found this video today as a follow-up on that story.
Note that I have no financial interest in the company, nor do I intend to chip in at the ICO, I just found it interesting what they do.
good post thanks for sharing
Good one
Nice sharing
There are a few other ones trying to back crypto with precious metals. I don't know if it works because physical assets tend to be centralized out of necessity so there will be counter party risk involved.
This is minerals still in the ground. So yes, huge counter party risk. But I like the ownership/forward contract aspect of this.
Thanks @funkit for info