Bloxolid AG

  • WKN: 657220
  • ISIN: CH0012192198
  • Land: Schweiz

Nachricht vom 26.10.2018 | 16:05

Bloxolid publishes white paper of ARG3NTUM - a new cryptocurrency fully backed by physical silver

DGAP-News: Bloxolid AG / Key word(s): Product Launch

26.10.2018 / 16:05
The issuer is solely responsible for the content of this announcement.


ARG3NTUM white paper now available at www.ARG3NTUM.com -
Prior to the official start of the beta phase of the ARG3NTUM webshop in November, Bloxolid GmbH today publishes the white paper of the first cryptocurrency fully backed by physical silver and made in Germany. With ARG3NTUM, Bloxolid is creating a safe and inflation-free investment and payment method that works largely independently of banks and monetary systems. The combination of physical silver from Royal Canadian Mint with Stellar's secure and powerful Blockchain technology is aimed to make trading in physical silver more efficient, offering future customers not only more flexible tradability but also a price advantage through the elimination of middlemen.
 
The white paper at www.ARG3NTUM.com contains comprehensive information on the background, the business model and the technical conception of ARG3NTUM. After an introduction to the development of the monetary system with regard to the traditional function of precious metals as currency, first the market environment and potential in both the classic precious metals market and in the growing market segment of stable cryptocurrencies (also called stable coins) is shown. Bloxolid then explains why silver has been chosen to deposit the first cryptocurrency and how the core functions of ARG3NTUM are realized as a store of value and means of payment. The white paper also provides more information on the decision for Germany as the location of operations and Canada as the storage location for silver and the associated regulatory and legal setup. In addition, the fee model and the key competitive advantages are explained in more detail. Subsequently, the technical functionality and architecture as well as the customer processes of registration, buying and trading are described.
 
As part of the beta phase, which begins in November, active end-user marketing and listing on the crypto exchange "Stellar Decentralized Exchange" (DEX) will start, which expands the tradability options of ARG3NTUM. During the first quarter of 2019, the official market launch of ARG3NTUM is planned - accompanied by listings on further crypto exchanges. Subsequently, the focus will be on establishing in the market through gradual expansion of ARG3NTUM's market shares and the differentiation of the product portfolio.

About Bloxolid
Bloxolid AG's mission is to combine real assets such as precious metals with innovative blockchain technology to create a new class of safe and stable assets and currencies. Bloxolid was founded in December 2017 and is currently establishing the first product called ARG3NTUM: the first cryptocurrency fully backed by physical silver and made in Germany.
 
Press contacts
Bloxolid GmbH
Lienhardt Meyer
Isernhagener Straße 1
DE 30916 Isernhagen/Hannover
Lienhardt.Meyer@bloxolid.com
www.bloxolid.com


Bloxolid AG
Claudia Schumacher
Grundstraße 12
CH-6343 Rotkreuz
Claudia.Schumacher@bloxolid.com
www.bloxolid.com


26.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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