/biz/ - Business & Finance

[Anonymous No.5914987]

If innovation and security are what investors want from an upcoming ICO, the Intex token sale just might deliver on all fronts. The Oslo, Norway listed company bills the deal as the maiden asset-backed token sale, with plans to offer digital coins that can be exchanged for physical assets including Intex's metal reserves comprised of iron ore and nickel ore. Intex partnered with Harmonychain for the upcoming ICO, a blockchain-driven tech play with pending distributed ledger technology patents. The ICO is expected to unfold sometime after Jan. 1, 2018.

The upcoming ICO could attract hedge fund traders who are interested in hedging with iron ore or nickel ore. Other investors may simply want to hold an asset-backed cryptocurrency, which removes some of the risk from the cryptocurrency equation given the the tokens are backed by underlying physical assets. As long as investors believe Intex will continue to produce metal, they have some security that other cryptocurrencies leave out. The funds raised from the Intex ICO provide interest-free financing to the company based on future production.

>this kills the bitcoin
>this kills the ripple
>this kills the ethereum
>this kills the bitcoin cash
>this kills all the non-asset backed cryptos

IRON is the future /biz/, you heard it here first.