Just read Swiss Crypto Startup Eidoo Announces Token Tied to the Price of Gold

Swiss Crypto Startup Eidoo Announces Token Tied to the Price of Gold

Eidoo has become the latest cryptocurrency startup to seek to create a more stable token by tying it to the price of gold. The Switzerland-based startup says the ERC-20-compatible token, dubbed the ekon, will sit alongside its multicurrency wallet and decentralized exchange. Ferrara also said that fees will be assessed if anyone wants to trade in their crypto token for an actual gram of gold. "Benchmarked against the USD, gold is not necessarily 'stable,'" Dr. Wang Chun Wei of Australia's University of Queensland told CoinDesk in an email. the Austrian/libertarian angle," Wei told CoinDesk.

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Wednesday, September 19, 2018