Tiberius Coin is a tokenized version of a basket of physically-deliverable metals. Find out how it works today in our review.
What Is Tiberius Coin?
Tiberius Coin, found online at TiberiusCoin.com, aims to combine cryptocurrencies with traditional financial markets by offering a tokenized basket of physically-deliverable metals. The metals backing each Tiberius Coin have been specially chosen for their “optimal volatility and risk profile.” They include metals used in electronics manufacturing, electric vehicles, and other practical purposes.
The main goal of Tiberius Coin is to create a digital currency with intrinsic, relatively stable value. Unlike other coins that are backed largely by public opinion and usability, Tiberius Coin aims to put something tangible behind its cryptocurrency.
A pre-sale for the coin begins on April 18, 2018, followed by a pre-ICO and an ICO throughout the summer.
The digital token was created by an existing Swiss asset management company named Tiberius. That company has specialized in asset management, mining operations, and metal sales for 10 years.
How Does Tiberius Coin Work?
Tiberius Coin aims to back the value of its coin with three broad types of metals, including all of the following:
- Technology Metals: Tin (14%) and copper (23%)
- Electric Vehicle / EV Metals: Cobalt (10%), nickel (11%), and aluminum (7%).
- Stability Metals: Gold (17%), palladium (13%), and platinum (6%).
Each Tiberius Coin has intrinsic value because it’s backed by the precious metals listed above. All coin data and transaction information is stored on the blockchain. Meanwhile, customers can exchange their Tiberius Coin for the physically-deliverable metals at any point.
The long-term goal of Tiberius Coin is to replace Tether (and presumably other stablecoins). Today, the cryptocurrency industry suffers from a lack of a stablecoin – a stable currency that allows traders to hedge against certain market fluctuations. Some companies have tried to launch stablecoins like Tether, which is based on a USD reserve fund. Tiberius Coin believes the future stablecoin, however, will be backed by precious metals – which is why they’ve launched their Tiberius Coin. They want to be the preferred choice for crypto traders seeking stability in unstable markets.
Tiberius Coin Physical Metal-Backed Cryptocurrency Token Features
Tiberius Coin offers blockchain-based security. Placing the digital asset on the blockchain means there’s no risk of double spending. Trust and delivery is decentralized. Once you have a digital Tiberius Coin token, that token will not disappear for reasons outside your control.
Tiberius Coin uses smart contracts for all transactions. Smart contracts are used to decentralize trust during the delivery process, allowing Tiberius Coin to be traded like a secure type of digital cash.
Backed By Real, Physical Metals:
Tiberius Coin decentralizes trust of the delivery of the physical metals as well. Tiberius has partnered with independent exchanges. All metal is stored in a third party network of 600+ warehouses across Asia, Europe, and North and South America. The metal is always fully collateralized and waiting to be claimed by Tiberius Coin holders.
Convert Metals Instantly:
At any time, a Tiberius Coin holder can convert their coin into a basket of precious metals by delivering it back to Tiberius via smart contract. The third party holder – the metal storage facility – will then release the securitized ownership documents (called “warrants”). Tiberius Coin claims to have partnered with some of Europe’s best and largest commodities exchanges to ensure customers can enjoy the best and most efficient withdrawal process.
What About Warehouse Fees?
One of the big problems with asset-backed cryptocurrencies is that there are always fees associated with these currencies. Nobody is going to store $2 billion USD in cash in a reserve fund without expecting something in return, for example, and watching their money get chipped away by inflation. At the same time, no company is going to store metals for free.
So how does Tiberius Coin solve the warehouse fees issue?
The Tiberius Coin whitepaper specifically addresses this issue, stating that warehouse fees for the first year will be paid up front at new issuance. The company estimates that storage fees will be less than 2% per year, which is below the cost of inflation in most developed economies.
The company will also take action to maintain steady warehouse fee charges over time:
“Warehouse fee charges will be optimised to prevent noticeable changes to token prices, and more frequent charging of storage fees (closer to being continuous) will be implemented later upon further technological developments to the underlying token.”
Who’s Behind Tiberius Coin?
Tiberius Coin was created by a Switzerland-based company called Tiberius. That company has been a leading global commodities asset manager, mining operator, metal merchant, and commodities technology (ComTech) investor based in Zug, Switzerland for over a decade.
The company’s asset management division is regulated and licensed by FINMA (a Swiss financial regulatory authority) and the SEC (America’s leading financial regulation authority).
Key members of the team include Christoph Eibl (CEO), Philip R. Zimmermann (Chief Scientist and Security Officer), Rafael Torreblanca (Chief Marketing Officer), Giuseppe Rapallo (Chief Operating Officer), Nicholas Cutler (Chief Technology Officer), Simon Rahme (Head of Development), Alejandro V. Betancourt (Chief Strategy Officer), Darian Pizem (Chief Digital Officer), and Thomas Gustinis (Chief Business Development Officer).
Tiberius Asset Management was formed in 2005. The company began trading metals in 2010, then launched a mining operation in 2012. They launched the crypto aspect of their company in 2017, publishing their Tiberius Coin whitepaper in December 2017. Now, they’re seeking to launch their Tiberius Coin ICO in April 2018.
The cryptocurrency division is officially organized under the name Tiberius Crypto AG, which is a part of Tiberius Group AG. Both are registered in Zug (Crypto Valley), Switzerland.
Tiberius Coin ICO Details
The Tiberius Coin ICO begins with a pre-sale from April 18 to June 18, 2018. There’s also a pre-ICO scheduled to take place from July 1 to July 29, followed by the main ICO from September 10 to October 10.
Tiberius Coin Conclusion
Tiberius Coin aims to create a new stablecoin that’s superior to Tether and similar options. That stable coin would be backed by a basket of metals – including practical metals used in electric vehicle manufacturing, electronics manufacturing, and other industries. Tiberius Coin holders can claim those metals at any time.
To learn more about Tiberius Coin and how it works, visit online today at TiberiusCoin.com.