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TiedCoin – Safe Haven amid a Cryptocurrency Storm

Currencies / BlockChain Jul 04, 2019 - 04:12 PM GMT

By: Submissions

Currencies TiedCoin is a creation of TiedCo, a new fiat-collateralized stablecoin on the market. You are familiar with traditional crypto currency, but what is a fiat-collateralized stablecoin?It’s a system which fights the volatility of traditional crypto by offering a 1:1 parity! This is done by pegging their crypto against a traditional fiat currency like $USD. Offering stability in comparison to unstable coins such as Bitcoin (BTC) and Ethereum (ETH).




Expanding further on the 1:1 parity offered by stablecoins, especially TiedCoin, we must understand the mechanism it is based on. The basic principle is that 1 Dollar = 1 Token. The most famous and well-known example of this is Tether (USDT), released in 2015, it was the first coin to offer this type of promise – pegged against $USD. However, over the many years since, there have been incredible developments in the stablecoin market.



TiedCoin trades in two forms, T2JPY and T2EUR. Backed by Japanese Yen and Euro respectively. The essence being the same as we discussed above, 1 Yen = 1 T2JPY token. The introduction of TiedCoin marks Japan’s entry into the stablecoin market, representing itself as the Yen denominated cryptocurrency.

Your Asset is Safe

TiedCoin offers security which traditional crypto can’t. The problem with acoin such as BTC is that they cannot offer stability, therefore the value of your asset always remains undefined. This has created a massive issue for anyone who owns crypto. At the start of the day, your asset can be worth $15,000, however, by the end of the day, it could plummet and become $10,000. With the 1:1 parity TiedCoin offers, it means you will always have a stable asset. In addition, when you buy either a T2JPY or T2EUR token, you are basically depositing a Yen or Euro into a Tier-One International Bank – so you are always backed up by the actual amount deposited. Great thing is, when you sell, you’re basically withdrawing from that bank – making your asset available instantly, at your convenience.

Financial Freedom

Cryptocurrencies were born with the idea of providing financial freedom to coin holders. Buying TiedCoin is essentially like having your cash-in-hand. Enter/exit the market at will, without having to wait on long transfer times that could last for days, maybe even weeks, with traditional crypto.



Bank transfer fees? Please, we are in the new decentralized digital money age! At the click of a button, you can manage your money with the help of Tied Wallet. With the added-bonus of no oversight, you can trade directly on the decentralized Stellar Blockchain. There is a token transaction fee if you transfer from an external Tied Wallet, however, this is only to combat network abuse.

Exclusive Platform to Trade

TiedCoin has partnered exclusively with beaXchange, allowing them to trade solely on their platform. Their agreement allows TiedCo to act as a market maker. Meaning TiedCo can stand in the market and buy-back all the TiedCoins issued. This unique position grants them with the ability to offer a 100% buy-back pledge, so even if you are in a position where you need to sell, and no one is buying, TiedCo will buy from you.



Greater liquidity is assured for coin holders because of TiedCo’s market making and buy-back abilities. You can covert coins to fiat in a simple and transparent manner. This unique positioning in the market makes TiedCoin the first stablecoin from Japan with the guarantee of instant liquidity. TiedCoin offers cross-platform wallet usability – exchange T2JPY or T2EUR into BTC, ETH, LTX via beaXchange.

Conclusion

TiedCoin offers many great positives that can combat the storm tearing up the cryptocurrency world currently. It is a fiat-collateralized stablecoin, that is secure and a fantastic alternative to traditional banking. Your asset is safe with them as every coin purchased is a coin backed up by actual fiat stored in Tier-One International Bank. Enjoy the benefits of cryptocurrency, without the risk of having an insecure asset. The best thing about TiedCoin is that they put themselves in the position of market-maker, permitting them to be accountable for their own coin.

TiedCoin is also the first in the world to offer instant liquidity into Japanese Yen! Marking them as not only the ones combatting the storm surrounding crypto, but also, pioneers.

By Rajhu S Goraai

This is a paid advertorial.

Copyright 2019 © Rajhu S Goraai - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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