Counos Silver is another innovative cryptocurrency developed by Counos platform. It is utilized for the investment and asset transfers around the world which provides price stability through a multidimensional asset-backed function. Counos Silver is a type of Security Token Offering. In addition, the coin will turn into one of the most progressive Stablecoins of the global market through adding other sophisticated security steps. The asset-backed special-purpose coin 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. The custodians of Counos Silver will obtain unique certificates providing them with the required evidence for legal ownership. Counos Silver uses a global financial algorithm to enhance security in addition to the benefits of the stable value of Counos Silver coin. 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 to be formed and confirmed which takes 2.5 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 and travel agencies. 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 dynamic. The important point about Counos Silver is the positive standpoint of the media to it. Certainly, the positive and supportive look of media professionals is a prerequisite for the growth of every cryptocurrency and fortunately, Counos Silver has taken effective steps to draw their attention in this short time.
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 this evolutionary cycle, deploying cryptocurrencies and infrastructures will change the market drastically.
However, what can cause an acceleration in growth of this new technology includes traditional markets being linked with new technologies and the presence of skillful global investors in the field of cryptocurrencies.