V999 – An Introduction to a Gold-Backed Security Token
The world of cryptocurrencies has stirred up interest in most industries especially in the finance industry where its applications are numerous and practical. One application is that of deploying a digital token with an underlying asset attached to it. These are known as stable (security) tokens.
In this article, I will introduce you to a security token with pure gold as the underlying asset. v999 is a security token that acts as a connection between the digital blockchain and the international gold bullion marketplace. We will also go over the benefits of owning V999 tokens as an investor.
What is V999?
V999 is a digital cryptocurrency classified as a security token that is backed by pure 24kt gold bullion. Each token represents a tenth of a gram stored in vaults.
By owning the V999 token, you automatically own the underlying physical gold, which is held in custody on your behalf. You can opt for physical delivery any time.
The V999 token runs on the Stellar blockchain. The Stellar blockchain follows a standard protocol for representing custom tokens on the blockchain. This means that the V999 can be easily moved or traded anywhere in the world, 24 hours a day.
Benefits of Owning V999 Tokens
The V999 token is accessible to anyone at low and affordable prices. Each V999 token is equal to 0.1 g of gold multiplied by the current gold price per 0.1 gram of gold in United States Dollars. The token price is taken from the London Metal Exchange.
One of the primary benefits of owning V999 is the underlying security assets it provides. Gold has been proven to be a haven asset for centuries. A well-balanced investment portfolio should include gold. Gold hedges your wealth from devaluation by inflation and ridiculous government monetary policies and V999 lets you own gold where previously it would have been a challenge.
You can easily redeem your V999 tokens for fiat currency (e.g. USD) or physical gold bullion via the V999 platform. The gold can be redeemable for USD and EUR at current market prices.
Another benefit is that of low and competitive fees. The creation and redemption of V999 tokens have a low cost which results in low transactional and storage fees.
V999 runs on the Stellar blockchain. Transactions that take place on the Stellar network are added to a shared, distributed and public ledger forming a database that can be accessed by anyone worldwide.
Benefits of Building on the Stellar Blockchain
Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money – dollars, rands, bitcoins, gold and pretty much any currency.
Stellar has no owner. It is owned and controlled by the public. The software runs across a decentralized, open network and handles millions of transactions each day. Compared to Bitcoin and Ethereum, Stellar is much faster, cheaper and more energy-efficient.
The token supply, account balances and on-chain procedures are publicly verifiable. Stellar can integrate with other applications like distributed exchanges, distributed apps and contract swaps.
Stellar also boasts of broad adoption by crypto-stakeholders such as exchanges, crypto-asset organizations, institutional investors and retail users.
Earn Income from Transactional Fees
If you buy and then sell your V999 tokens on to the open market, you will earn a 0.02% commission from the transaction fees resulting from the buying and selling of the tokens. 0.02% of the transactional fees will go into your pocket.
Each V999 token is stamped with a unique identification code when it is bought for the first time. You will earn residual income from the tokens whenever a buy or sell order is completed against V999 tokens with your unique identification code. This means that every time your tokens are bought or sold, the system will automatically credit your wallet with 0.02% commission from the transactional fees generated, for life.
How to Get Started
To get started with V999, go to the V999 paltform and register an account for free. You will be required to submit KYC documents to get your account fully functional.
You can then log in to the platform and easily buy, store and trade V999 tokens or any other tokens created by the platform.
If you are a gold trader, you can integrate APIs that allow you to buy and sell V999 on your platform for BTC, ETH or fiat currency (e.g. USD, EUR, ZAR).
The V999 tokens will be embedded with your unique identification code which will enable a 0.02% commission to be credited to your account whenever someone sells or buys the tokens on the open market.
Since V999 is a stable token and each token represents a fraction (0.1g) of a gram of pure physical gold bullion, the owner of the V999 tokens can request delivery of the underlying gold bullion at any time.
V999 is a digital cryptocurrency that is backed by pure physical gold bullion. Each V999 token represents 0.1g of pure 24kt gold stored in Swiss vaults.
The gold is audited by a reputable Swiss organisation and the audit statements are produced every month and published to the general public.
The V999 security token runs on the Stellar blockchain. The advantage of the Stellar blockchain over other blockchains is the possibility to create, send and trade digital representations of all forms of money; be it ZAR, USD, EUR, and so forth.
By owning V999, you position yourself to earn residual income from your assets. If you sell your V999 tokens to the open market, it will generate recurring income of 0.02% from transactional fees whenever a buy or sell order is executed against your tokens.
Are you interested in owning a stable token backed by physical gold that can be redeemable at any time you wish? If you are interested or want more information, you can do so through this link.
What do you think about this new stable token? If you have any comments or suggestions, please feel free to write in the comment section. It will be greatly appreciated.