Review on VeraOne by jesus ruiz
VeraOne, stablecoin with the solidity of Gold
VeraOne is a division of Aucoffre. This is a company founded in 2009 and is the leading online marketplace for physical precious metals.
In 2012 Aucoffre creates VeraOne, which is a Blockchain platform with its own resident currency (VRO) that is fully backed by gold.
The VRO gold token was created with the goal of offering a secure, crypto-compatible asset that was actually backed by a precious metal.
It is a non-minable token, unlike any other token ever created and with a limited supply. Very similar to Bitcoin, with more experience and less volatility.
I think the idea of VeraOne is quite good. That is, it really is attractive to be able to buy or sell fractions of grams of gold in a second.
However, the current transfer fees for ETH and BTC are too high for a small purchase of VRO.
Today's VRO price is $57.64 USD with a 24-hour trading volume of $7476.32 USD. Maximum supply is 170,000,000,000,000 VRO coins.
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Pros
- Stable gold-backed currency
- Sale, purchase and storage of your own gold assets.
- VeraOne presents itself not only as a crypto company, but also as a gold professional.
Cons
- The commissions for purchases or transfers are very high
