TiedCoin — The Ultimate Saviour for Crypto Traders!
While other coins always get affected by highs and lows in their market price, stablecoins maintain their functionality and trade at equal terms with fiat currencies, especially USD.
Today, stablecoins are believed to be an ultimate saviour for crypto traders based on their capacity to stay stable.
Although stablecoins come in 3 different variations, we’ll be looking at the most popular one: Fiat Collateralized. Fiat-backed stablecoins, as the name implies, store their value in fiat currencies. To recall, Tether was the first well-known fiat-backed cryptocurrency, launched back in 2015, that pegged their coin against USD and offered a 1-to-1 parity. Since then, the stablecoins market has made huge progress and is continuously introducing new products, making innovations in the crypto world.
TiedCoin — World’s First Price-Stable Japanese Cryptocurrency
Launched by TiedCo, TiedCoin is the world’s first Japanese stablecoin — that contains all the perks of cryptocurrency yet do not get affected by the price volatility factor.
The company has pegged their stablecoin against Euro and Yen, offering a 1:1 parity with these currencies. Notably, TiedCoin is the first Yen-denominated cryptocurrency in the world.
How TiedCoin Works?
Every TiedCoin (T2EUR or T2JPY) is backed by one Euro/Yen, with money held in deposit. Since the process works on a 1:1 parity, the coin value will manifest the price of the basic currency. For instance, you will get 1000 coins in exchange for $1000 USD.
The money received is held in a tier-one international bank in a denominated bank account, bound by an escrow agreement. The company makes their account statements public on a daily basis to ensure comfort, and transparency, to the asset holders.
Perks of Investing in TiedCoin
Liquidity is certainly the biggest perk that comes handy when you invest in TiedCoin. It’s like having cash-in-hand or having funds in your bank account. You can decide your own entry/exit time without having to delay your transaction.
Easy Money Transfer
Unlike other crypto transactions, in which you must wait for days or even weeks to get your funds transferred, TiedCoin supports a single-click transaction feature. You will have to pay a basic token transaction fee when you’re transferring money to an external Tied Wallet. With TiedCoin, you can make your Tied Wallet without paying any additional cost, basically helping you control and manage your funds from the comfort of your home.
As you can directly exchange your TiedCoins for fiat currencies, it encourages an uncomplicated means of entering/exiting the fluctuating world of cryptocurrencies. To ensure stability, TiedCo also guarantees to buyback all its sold TiedCoins, meaning there will never be a situation when you have to find a buyer to sell your coins. Obviously, you can always trade your coins with the third parties, however, you can also sell your coins to the company if need be.
Every TiedCoin is backed by Euro or Yen which apparently means that there is 1 Euro/Yen held in a currency reserve.
As an investor, transparency is one thing you can’t take granted for. Since TiedCo publishes their account holdings on a periodical basis (also forwarding account statements to coin holders on a daily basis), it gives traders an opportunity to keep an eye on their account status.
TiedCoin is set up on a powerful, peer-to-peer network which is responsible for consistently authenticating and examining all transactions, before they’re finally entered into an open ledger. This validation makes the whole process more secure and protected for the user.
Stellar Blockchain Technology
TiedCoins are based on state-of-the-art Stellar Blockchain technology which makes it possible to track the complete history of every transaction.
Being a pioneer in the stablecoins market, TiedCoin was envisioned by keeping all legal obligations in mind. Therefore, it complies with all the local, as well as, international banking and financial laws.
TiedCoin — The Future of Digital Currency
Without any doubt, the stablecoins market is expanding and financial gurus foresee that it will eventually capture the entirety of future crypto markets. While not all stablecoins products will give the same output, the fiat-backed coins are expected to revamp the approach traders have when trading crypto these days. Also, the low-risk environment and 1:1 parity will encourage more potential traders to invest in the crypto world.
In conclusion, if we include the added benefits that TiedCoin takes along to the market, there’s barely any other profitable and low-risk solution to test right now.
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