Infinitum Bitcoins Introduce Their Own Hybrid Cryptocurrency
The use of real cryptocurrency is often as a strange concept for most cryptocurrency investors. However, some crypto fans do feel the idea is an excellent way to get people to adopt the technology. Keeping in mind how digital currency is a non-physical medium of value, it can be hard for a majority of the population to wrap their heads around how the technology works.
But there is a limited number of coin minters who can honestly put the crypto concept into a physical item. As such, most of the material cryptocurrency you will hear are rare items and collectibles from the few companies which fledge the industry. But if you want to get a hold of one such coin, then you would want to read the review that’s about to follow
Infinitum is a physical bitcoins venture that plans to design a blockchain platform that will combine the virtual and fiat currency by environmental monitoring of cryptocurrency. The platform will work through a combination of physical and digital financial process to recreate the cryptocurrency into legal tender.
To accomplish this Infinitum will build an ecosystem whereby users can utilize the Infinitum coin to pay for services, transact to other users or convert into physical coins. Each physical coin will be made of one troy ounce of pure silver and is set to include Infinitum’s logo as the face of the coins.
The Platform Features
- Physical coin minting- users get to mint a proof of quality pure silver coin after the end of the ICO token sale
- Debit card-the debit card services are linked to the Infinitum mobile app to allow for the convenient transaction of fiat and cryptocurrency.
- Exchange platform- concurrently debit card will allow for the trading of the Infinitum coin within the cryptocurrency exchanges and the other markets.
- Merchant Gateway-this platform will allow for the purchase of goods and services using the Infinitum coin between the platform users and retailers.
How Investors Will Get the Coin
The team behind Infinitum plan on making the cryptocurrency a major influencer in the blockchain economy and to do this; they are offering 8 billion tokens as the ICO sale. For anyone to get on board with the project, they would first need to sign up and purchase the token through the different exchanges available.
Once the tokens allocation takes place, they convert into Infinitum coin which is the digital currency. From here customers can transfer the cryptocurrency to own wallets or trade for other coins. The physical coins are sent to each ICO investors through a shipping delivery method. The characteristics of the coin include:
- 3D barcodes
- Hologram sticker
- Held in a modern presentation case
- Metrics: 4cm-diameter width -3mm weight 31 grams
Is INIFINITIUM Coin Usable?
Despite the coin seeming like a viable project, Infinitum coin is not the first to create a physical currency. There are plenty of other objects working to get their coins out. However, that is not the dominant downside with the Infinitum coin.
A major obstacle will be for the crypto to present itself as a legal tender with its encrypted value. Such functions can present a danger to the whole project as physical coins are only a collector's item and no plan should entail having digital coins in circulation as legal tender.