More

    Prether ICO: PTH Crypto Tokens Backed By Precious Metals?

    Bitcoin is not the only cryptocurrency in the digital world. There are Altcoins in the crypto universe that have since come into being such as Litecoin, Ripple, Dogecoin, Peercoin and so on. The crypto world hype has seen an increased craze for yet another digital currency called Prether. But Prether is not necessarily like Bitcoin and the rest. Of course, Bitcoin is well-known and has its fair share of the market, but Prether is different. Totally different!

    And here’s why.

    In 2008, major economies faced an economic shake-up during the mortgage crisis that saw Fiat money lose value and the people owning them lost as well. Throughout history, precious stones such as gold were regulated currency equivalents and have been used as money. However, with time, the concept of fiat money changed that and now the concept of cryptocurrency seeks to renew this.

    This is where Prether comes in.

    What Is Prether?

    There is no doubt that Bitcoin is king in the crypto world, but what Prether seeks to offer is much more. As gold has been used to hedge against inflation over the years, Prether takes it a notch higher as it seeks to combine both precious metals and cryptocurrency to give the owner ease and security in the execution of payment transactions.

    Why Use Prether PTH Crypto Tokens Backed By Precious Metals?

    There are a number of physical and technical aspects that make Prether a unique cryptocurrency. First, since it combines cryptocurrency with precious metals, it is fully backed by gold, silver, platinum, and palladium. It has physically certified assets that are safe since it is secured by a cloud-based financial services platform.

    The Prether PTH token can be purchased using Ethereum when they launch their ICO on April 1st.

    Prether is a suitable cryptocurrency and offers fast and secure payments around the world. With no middlemen in the picture, the payments attract near-zero transaction fees. In addition, Prether is built on the most innovative Ethereum blockchain technology.

    The removal of middlemen also allows a peer to peer transactions between the sender and receiver, with no third-party involvement.

    Finally, Prether is global and offers easy access wherever you are.

    How Does Prether Work?

    Prether uses the blockchain technology.

    The blockchain is an ingenious invention, no doubt. Yet people still don't know what Blockchain is and how it applies to their lives. To many, it is a vague idea that has a lot to do with cryptocurrency, a concept that they find foreign and difficult to understand. But Blockchain is not as complex as it seems.

    The Blockchain is a ledger system, an incorruptible digital record of financial transactions that can be programmed to record and update valuable transactions or activities. The cryptological linked blocks of data might be sold, bought, exchanged, or traded.

    Prether Conclusion

    The whole idea of the cryptocurrency invention was to do away with middlemen who control the money and transactions between the sender and receiver. There is no central authority to regulate cryptocurrency due to its decentralization. Prether, by combining cryptocurrency and precious stones brings a whole new angle to the Crypto world.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,262FansLike
    2,712FollowersFollow
    4,095FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    APRA Proposes Regulatory Framework For Facebook Led Calibra And Libra To Senate

    One of Australia’s financial watchdog agencies, the Australian Prudential Regulation Authority (APRA), could soon regulate stablecoin projects such as the controversial Facebook’s led Libra...

    Despite Swiss Regulators Saying Libra ‘Has Failed' They Might Still Be Open To Its Launch

    The Swiss government is spooked by concerns on the sustainability of FaceBook's Libra as a global currency. This adds to regulatory concerns raised by...

    Ripple, Coinbase Invested Bitso Is Hiring A Country Manager For Its Brazil Expansion

    The Mexican crypto exchange is hiring for its expansion into the Brazilian market The new position has to “create, iterate and scale crypto-powered...

    Reserve Bank of India: Crypto's Not Banned, But Ringfenced Regulated Entities Due to Risks

    In response to a petition filed by the IAMAI over RBI’s decision to not allow regulated entities like banks to deal in cryptos,...

    Crypto Bulls Definitely on Parade, Bitcoin Is Attracting ‘Very Substantial Buying Power'

    After 2019’s choppy recovery, the crypto market is now “launching what could be a far more sustainable bull market” Mid-cap cryptos showing more...

    Ripple Price Analysis: Can XRP/USD Buyers Keep The Uptrend Going?

    Ripple price is trading nicely above the $0.2300 and $0.2335 support levels. XRP to USD is likely to surge again if it clears the...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.