VeraOne and NGRAVE have joined forces to enable holding VRO — the 100% gold-backed token created by VeraOne — as cold as it gets. NGRAVE ZERO will start shipping in Q4 2020 and will support VRO from the outset.
So What’s A VERAONE (VRO)?
VeraOne is an ERC20 token based exclusively on gold which is stored in highly secure zones on the basis of a full (100%) counterpart, that is regularly audited by trusted third parties. The project is a culmination of the originally France-based AuCOFFRE.com platform, around since 2009, and on which private citizens can sell and purchase precious metals, with highly secure physical storage. A decade of market knowledge as well as formal agreements signed with Gibraltar’s Ministry for Economic Development to issue coins that are internationally recognized legal tender, have led to this tokenized version of gold.
VeraOne’s primary aim is to offer a stablecoin. It provides a robust, reliable alternative to existing options relying heavily on classic currencies (like the dollar) or on tangible assets. VeraOne has been offering its expertise in the precious metals sector for more than a decade now.
Thanks to the ecosystem it has been a part of, VeraOne’s mission is to foster the development of an exchange currency which can serve anyone, anywhere on the planet, who wants to be able to send value to other people, instantly and for free, including in underbanked areas.
VRO price is equal to one gram of physical gold (XAUEURG).
For those interested in a full deep dive into the VeraOne project, there is also a formal white paper.
Protect Your Gold With The Vault It Deserves: ZERO
NGRAVE’s ZERO is the most advanced hardware wallet in the digital asset space. It features a secure Operating System of unparalleled security, proven by its Common Criteria EAL7 security certification. ZERO also functions fully offline, so that there is no online attack surface for remote hackers. The device is designed with advanced anti-tamper features against physical attacks as well.
The NGRAVE ZERO cold wallet features a high-end touchscreen interface and built-in camera & biometric sensor, complemented by a mobile app. Public information is scanned between the two devices via QR codes, while the private key(s) never leave(s) the offline device. Wallets are further backed up by a revolutionary back-up solution named GRAPHENE, removing the need for antiquated paper wallets entirely.
“”VeraOne has brought a ten-year leading expertise in the sale and safekeeping of gold on the blockchain. For its practicality, speed and immutability, it allows us to have a permanent and tamper-proof ledger of our customers’ property. The blockchain guarantees the integrity of the transactions, while we keep the gold safes safe.
Though the security of the physical gold is guaranteed by our company, there is no better solution than ZERO to take care of the digital security of our token.” said Jean-Francois Faure, VeraOne’s CEO.
Blockchain has one of the most advanced forms of innate security. The cryptography employed to protect Bitcoin has yet to be breached, after more than 10 years since the original cryptocurrency has launched. But protecting the private key used to access blockchain assets often leads to stolen funds, estimated at over $13 Billion so far, without counting the ones lost due to improper private key backups.
“We applaud VeraOne for its pioneering role on matching a stablecoin to physical gold. They also have a well thought out and mature ecosystem integrating comprehensive annual audits by ALS One, 100% inventory value insurance with Lloyds, and more. We are proud to support VRO on our secure and easy to use product suite, ultimately giving VRO HODLers real peace of mind, even in a crypto context.” said Ruben Merre, NGRAVE CEO.
About NGRAVE
NGRAVE is a digital asset and blockchain security provider offering a secure and user friendly end-to-end solution for the management of individuals’ and business’ digital assets and cryptocurrencies. Contact us: safe@ngrave.io.
About VeraOne
VeraOne is a blockchain company offering the most mature service for acquiring gold by means of reputable cryptocurrencies like Bitcoin and Ethereum, and a buying power preserved for millennia. A safe asset to pad your portfolio in uncertain times. A safe asset in high financial demand.
