Rotkreuz (CH), October 8, 2018: Following the successful demonstration of the first live-transaction as part of the ARG3NTUM premiere on August 23, Bloxolid GmbH today announces the next major step in the creation of secure and inflation-free assets and currencies. With the release of the new ARG3NTUM website in November (www.ARG3NTUM.com), the beta phase of the ARG3NTUM webshop will start at the same time. This means that the launch of the new stable coin originally planned for the first quarter can take place much earlier.
Through this platform, Crypto-interested silver investors and silver-interested crypto traders will be able to purchase any amount of physical silver from 1 gram in the form of ARG3NTUM coins. The physical silver comes from the Royal Canadian Mint and is stored in the Canadian high security storage of the cooperation partner Brinks. The wallets (= digital purses) necessary for the storage of the digital ARG3NTUM Coins can already be created easily and securely during the beta phase directly via the new ARG3NTUM website. An ARG3NTUM coin always equals exactly one gram of fine silver.
The ARG3NTUM Coins are based on Stellar Blockchain technology, which has been selected as a result of a comprehensive analysis of existing Blockchain solutions and provides significant benefits to the digital innovation of the trading of physical precious metals such as silver. Above all, the aspect of recoverability of private keys (= key to personal ARG3NTUM wallet) through a complete know-your-customer process has been a major argument for the choice of this technical infrastructure in addition to the superior transaction performance.
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 crypto currency fully backed by physical silver and made in Germany.
Isernhagener Straße 1
Original DGAP Press release: