At the moment, asset-backed cryptocurrencies are trending in the crypto world. The whole concept of having a coin that represents the value of a real asset is quite assuring.
Majority of the assets that are used to back a cryptocurrency are precious metals like gold and silver. What if I am to tell you that there is a coin that could command more value than gold-backed cryptocurrencies.
This coin is called Oicoin. In this article will be exploring the different opportunities embedded in owning a cryptocurrency.
What is Osmium?
Osmium is the rarest precious metal in the world. However, in its powder form, it is known to be quite toxic. This is because osmium reacts with oxygen to form osmium tetroxide. As a result, private parties are not allowed to trade osmium.
The only safe way to utilize this precious metal is to change it to a crystallized form. And the only company that has been successful in doing this is the German Institute of osmium. The institute revealed that the crystallization of osmium is a very technical and delicate process. It takes weeks to achieve this, as the right temperature and pressure must be maintained throughout the crystallization process.
In addition, the institute has been able to guarantee that it stays in the thick of things when osmium becomes the new star of precious metals.
Why Will Osmium Become The Star Of Precious Metals?
The value of cryptocurrency hinges on the demand and supply rule. Deflationary cryptocurrencies like bitcoin are going to become prized assets when its maximum supply is reached. At this point there is no more bitcoin available to be mined, therefore to get them you have to rely solely on the investors that have it in cold storage.
Same applies to the precious metal market. The market runs on the demand and supply rule. The more available a precious metal is the lower its value. Osmium which is the rarest precious metal has the capability of becoming the most valuable precious metal in the world.
What is Oicoin?
Oicoin is an ERC-20 token that has its value tied to osmium. Oicoin token holders will have the opportunity to be an integral part of the emerging osmium market.
Since the German Institute Of Osmium is the only company that can crystalize osmium, then every Oicoin token holder will have a share of the revenue made from the global sale of osmium.
How Will The Revenue Be Shared?
The platform has a revenue share distribution smart contract which will automatically transfer the coin holders their revenue share. All revenue share will be paid with Ether (ETH). This will be done every quarter and the minimum share that can be given to an investor is 0.05ETH. If an investor’s quarterly share is less than this figure, he/her payout will be forwarded to the next quarter.
How Will OicoinTokens Be Distributed?
The max supply of Oicoin is 250 million units. The distribution of these units will strictly follow this structure:
84% of the total token will be allocated to the investors.
The development team will be keeping 3% of the total token.
3% will be used for promotions.
10% will be used to repurchase crystallized osmium that has been sold.