There’s a brand new entry into the cryptocurrency market and it’s turning conventional cryptocurrencies on their heads. Assetereum calls itself asset-backed and may well be the answer to the problem of dramatic price fluctuations which are typical of Bitcoin, Ethereum and other big players in the market.
What is Assetereum?
Assetereum is an ERC20 token backed by real assets to give it an intrinsic value. The purpose of this is to increase stability, as the token price is not based solely on supply and demand. The company’s portfolio includes real estate, crypto-mining, crypto-trading, commercial energy brokering, an online shopping platform and social enterprises. The idea is to diversify investments to mitigate the risks involved.
As well as providing the coin with a base value, these assets have the potential to generate substantial revenue streams. Part of this income is then paid as profits to the token holder and the rest is reinvested into the asset, with the aim of increasing the value of the token.
The UK-based company has been founded by Andy Papaiacovou, who has already had great success in the utilities and online shopping market. He tells us, “Even though there are over 1,500 cryptocurrencies out there right now, most of the values are simply based on supply and demand. That’s why the volatility of the market makes it almost impossible to know which ones to buy. But Assetereum is different. It’s not only a transfer of value but also a store of value and a potential source of revenue.”
The new coin has captured the attention of some big names in sport; former snooker World Champion Joe Johnson is the brand ambassador for the company, while Stephen Hendry, who was the youngest-ever snooker World Champion at age 21, is also a vocal supporter.
The company was the official sponsor of the World Senior Snooker Championship 2018. This is the first time that cryptocurrency has been offered as part of the prize money for a major sporting event, with tokens being awarded for first prize, second prize and the highest break.
Eleven million of the tokens have already sold, with many people taking advantage of the discounted seed investment stage, which began on 1 March. Tokens are being sold at reduced prices until 9th May, with bonus tokens on offer for those who purchase more than 500 tokens.
Prices for the different stages of the 2018 tokens sale
Listed below are the prices:
Seed Investment, 1 – 14 Mar: $0.38
Pre-ICO, 15 Mar – 28 Mar: $0.45
ICO Stage 1, 29 Mar – 11 Apr: $0.50
ICO Stage 2, 12 Apr – 25 Apr: $0.55
ICO Stage 3, 26 Apr – 9th May: $0.60
You can also get bonus tokens depending on how many tokens you purchase.
501 – 1,000 tokens: 5% bonus
1,001 – 2,000 tokens: 7% bonus
2,001 – 5,000 tokens: 10% bonus
5,001 – 10,000 tokens: 15% bonus
Over 10,001 tokens: 20% bonus
Visit www.assetereum.io for more information.