Precious metals tokens to appear on Elrond blockchain – Bits Media

Elrond blockchain developers jointly with British fintech firm Aurus to launch tokens, tied to silver, gold and platinum.

Tokens will be named AWS, AWG и AWP, respectively. These will be the ESDT standard tokens and each token will be provided with one gram appropriate valuable metal.

“This gives new and important opportunities for the participants in the sphere of decentralized finance. They will be able to access stable cryptocurrencies of a different type, which are tied to valuable metals, and not to fiat currencies ", - noted in the statement
Elrond.

Tokens will appear on the exchange, integrated into the Elrond Maire wallet. Developers hope, that the wallet will receive deeper support of Aurus tokens. for instance, it may be possible to release new stablecoins, based on tokens. Besides, They can be used as security in the credit products of Defi.

“Blockchain will improve traditional assets for storing wealth, will make them more liquid, Safe and simple for owning and moving. We are looking forward to new ways to use Aurus tokens from Defi project developers ", - said the General Director of Elrond Beniamin Mink (Beniamin Mincu).

Recall, that the main ELROND network is launched
At the end of July 2020 of the year. This is a blockchain with high bandwidth based on stakeing and cartoon.