The Platform developed another innovative cryptocurrency called Counos Silver. Counos Silver coin is utilized for investment and asset transfers around the world providing price stability through a multidimensional asset-backed function. Counos Silver is a type of Security Token Offering. In addition, the coin will move into one of the most progressive Stablecoins of the global market through adding other sophisticated security steps. The asset-backed special-purpose vehicle will be bankable by providing an International Securities Identification Number (ISIN). Each purchased Counos Silver coin is backed by the equivalent of one kilogram of silver, which is warehoused and administered by a suitable Custodian. Each security holder of Counos Silver will obtain a unique certificate providing the users with the required evidence for legal ownership. Counos Silver uses a global financial algorithm for enhanced security in addition to the benefits of stable Counos Silver coin values. Currently 21 million units have been mined. The average duration for technical confirmation and creating a new block is 2.5 minutes.
Counos Silver and Its Applications
One kilogram of silver will be physically stored in a Swiss bank with buying one Counos Silver coin and silver will support this cryptocurrency in different transactions and trades as a precious metal. It is worth mentioning that after each purchase a payment code and a record will be issued for the buyer which denotes his/her ownership. In fact, Counos Silver uses a global financial algorithm for the investors and employs precious metals as the support of its value. Another big advantage is the time it takes for the trades and transactions, with Counos silver to be formed and confirmed, is a fast process which takes two-and-a-half minutes. The transaction time via Counos coins might dramatically decrease in the near future.
Activists in the field of Counos Silver
The people who are currently able to work in the market of Counos Silver are financial managers of the banks, travel agencies and family businesses. Counos platform intends to draw activists and the people present in the markets of jewelry, oil, and gas and wants to make its market more blooming and mobile. The important point about Counos Silver is the positive standpoint of the media to it. Up to now and after passing some time from silver cryptocurrency activity, the positive and supportive look of media professionals, and it is a prerequisite for the growth of every cryptocurrency.
The Vision of Counos Silver
Counos silver and generally, the services offered by Counos platform is an ideal alternative to connect traditional investors to the market of virtual currencies. Making silver and gold a support for cryptocurrencies can draw traditional activists in the market of precious metals to the cryptocurrencies and create various kinds of cooperation. The market of cryptocurrencies is growing and passing evolutionary stages. Variety in its different parts shows that sooner or later, the face of cryptocurrency payments, financial transactions, and many other economic issues will experience changes that the banks and financial institutes should be prepared to confront them. In the evolutional cycle, with deploying cryptocurrencies and infrastructures will change the market drastically.
However, what can cause an acceleration in growth of this new technology are, traditional markets being linked with new technologies and the presence of skillful global investors in the field of cryptocurrencies.