ICO Today Magazine News
Most of the crypto currencies have been far better stores a value than fiat currencies during the few years that they have existed. However, they are so speculative in price that they cannot be used as units of account. Most goods continue to be priced in fiat money. Gold is so valuable that it cannot be subdivided into small enough parts for use in everyday transactions.
Furthermore, most transactions today are conducted digitally, and physical gold cannot be used directly. The only solution of this problem is a crypto currency which is backed by gold and could be divided into decimals. The Almeela token is a blockchain-based decentralized funding platform for high tech projects that is entegrated to physically deposited gold in the form of the so-called Almeegram. Certain number of Almeela can be exchanged for the appropriate amount of Almeegram at any time.
AlmeeGram is backed by one gram of physical gold You can easily send and receive Almeegram to anyone with a Almeela Wallet (ATOMEE) and you can barter your Almeela with crypto currencies by using Atomic Swap. Almeela is based on the Ethereum blockchain protocol which is secure, and cost effective way to utilise gold as an asset. It enables the transformation of physical gold into a modern digital asset, making it the perfect medium to record and transfer ownership by using smart contract. The Almeela is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium. Gold that can be digitally traded. So the gold return to our real life again. You’ll have full ownership of your gold and it will be stored in Istanbul Gold Refinery. Investors will be able to trade Almeegram with real-time pricing 24/7, 365 days a year, by using Atomee wallet. Almeela is the best alternative way to invest in and trade physical gold. On this count, Almeela’s value is determined not by speculative price movements but by supply and demand on the market. Its being indexed to gold also guarantees that the price stays above a certain level.