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RE: 🔊BitShares Hangout #60 | 2018-2-24 | Sat @200PM UTC | OpenSource Agenda [Beyondbit Raffle Powered by SP!]

in #eos-project6 years ago
Press Release: Gold- and Silver-Backed Digital Tokens by Quintric

Suggested Duration: 5 to 10 minutes

Quintric has announced that that it will be offering digital tokens that are redeemable for gold and silver coins in their vaults. These tokens will be launched on BitShares.

  • "Quint: The Quint token is fully backed by gold and constitutes five US gold cents (one 1/1,000th of a one-ounce, US legal tender, gold coin). The token can be redeemed on demand, in 1,000 token increments, for an American Eagle/Buffalo gold coin."

  • "QuintS: The QuintS token is similar to the original Quint, but as the S denotes, the token constitutes five US silver cents (one 20th of a one- ounce, US legal tender, silver coin), rather than gold. Similarly, the token can be redeemed on demand, in twenty token increments, for an American Eagle/Walking Liberty silver coin."

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