Rotkreuz (CH) – Following the successful takeover of Bloxolid GmbH by the new Bloxolid AG, formerly Novavisions AG, today the event for the premiere of ARG3NTUM takes place in Isernhagen/Hanover (Germany). ARG3NTUM is the first cryptocurrency completely covered by physical silver in Germany.
As part of the event, Dr. Cord H. Burchard, CEO of Bloxolid GmbH and Chairman of the Board of Bloxolid AG, will give both an insight into the development of Bloxolid and ARG3NTUM and an outlook on the next steps towards the creation of secure and inflation-free investments and currencies powered by innovative Blockchain technology. The presentation will be supplemented by a live demonstration of the first ARG3NTUM transaction on the Stellar Blockchain. The whole process from registration in the ARG3NTUM webshop over account verification up to the real-time transaction on the Stellar Blockchain will be demonstrated.
The Stellar Blockchain has been selected on the basis of a comprehensive analysis of existing Blockchain solutions and offers significant benefits to the digital innovation of the trading of physical precious metals such as silver. In particular, the aspect of recoverability of private keys (= key to personal ARG3NTUM wallet) through a complete know-your-customer (KYC) process has been a major argument in favor of choosing this technical infrastructure in addition to superior transaction performance.
As part of ARG3NTUM’s pre-sales campaign, launched on June 23, Bloxolid has already generated sales of over € 130,000 in its fully digital physical silver sales within the first two months, equating to more than 260,000 grams of silver. The silver comes from the Royal Canadian Mint and is stored in the Canadian high security vaults of the cooperation partner Brinks, Inc.
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: