ZrCoin. The world’s first commodity-backed blockchain option. Crowdsale started.
ZrCoin’s crowdsale started. ZrCoin will sell blockchain-based options for synthetic ZrO2 — an entirely new kind of financial instrument — with each ZrCoin representing 1kg of the underlying commodity.
Join ICO: https://zrcoin.io/
New technologies
ZrCoin’s team, which includes leading materials scientists and blockchain experts, has developed a process for recovering zirconium dioxide (ZrO2) from waste materials. Zirconium is an important commodity with many industrial applications — including use as a refractory material in the production of ceramics and in nuclear facilities — due to its stability under extreme conditions of temperature and pressure. At present, zirconium is mined from the earth, with harmful impacts to the environment.
The crowdsale aims to raise a minimum of $3.5 million in USD, BTC and other cryptocurrencies, in order to build a state-of-the-art processing facility. During the crowdfund, ZrCoins will be sold at a discount to the market price of zirconium. There will be a sliding scale, with early investors gaining the best deals.
On Day #1, ZrCoins will be on sale for the lowest price of $1.40 — rising to $1.55 by the end of the crowdfund.
Once production has started and the company is shipping the product to its buyers — many of whom have already registered their interest — they will start buying back ZrCoins at the market rate for ZrO2, which is currently around $2.80.
ZrCoin can therefore be used by factories to purchase zirconium, or by traders to speculate on its value. There is significant interest in China, where ZrCoin have recently opened new offices. As a Waves token, ZrCoin can be traded openly on supporting exchanges, including the Waves DEX.
Join ICO: https://zrcoin.io/
Join telegram channel: https://t.me/ZrCoin_ICO
