Dubai, United Arab Emirates - June 16, 2022 /MarketersMEDIA/ —
the recent downturn in the crypto market and the wider economy has shown, a USD-pegged stablecoin offers what many are criticizing to be “a limited scope of stability.” While these blockchain-powered stablecoins do shield investors from some volatility of the market, they fail to account for powerful economic forces such as inflation, which is perhaps the biggest blow to the portfolio and the purchasing power of the average user. The creators of NyX Exchange, are spearheading the shift to a revolutionary form of asset-backed coins that derive value through proven assets with a long history of inflation resistance and value appreciation.
The Harsh Reality of Fiat-Pegged Stablecoins
The stablecoin segment of decentralized finance is utterly dominated by coins that are pegged to fiat currencies like the U.S. dollar. This is true for Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) among countless other examples. In doing so, these assets promise a sense of stability to investors that was previously impossible to find in the decentralized landscape.
However, many users are now questioning the protection offered by these fiat-pegged assets. For a start, denominating these assets in a currency like the USD openly exposes them to inflation, a mighty economic force that eats into the buying power of consumers and investors like no other.
Besides inflation, there are many other factors that could hurt the stability of these assets. The world witnessed a severe example of this on May 12 this year when USD Tether, the most widely-accepted USD stablecoin, temporarily broke its peg and plummeted to 95 cents on some crypto exchanges. With the upside hard-capped at $1 USD, any potential for downside makes these stablecoins questionable in the eyes of investors searching for a safe harbor.
Shiting to Proven Assets with Intrinsic Value
The proprietary lineup of The NYxExchange through its exclusive partnership with RoRa Holdings, LTD may just be the catalyst this nascent sector needs. By switching from fiat backing to real assets and intrinsic value, this ambitious project is attempting to break away from the volatile nature of cryptocurrencies while offering the most effective hedge against inflation too.
RoRa Holdings, LTD, A BVI Company, has strategically picked up a variety of physical assets that have withstood the tests of time. The RoRa Gold (RoRaG), as the name implies, is a coin that derives its value primarily through a gold bullion reserve in bank accounts approved by the London Association of the Precious Metals Market. With one ounce of gold valued at one RoRa Gold coin, this blockchain-powered asset will tap into the remarkable reputation of the golden precious metal as a powerful hedge against inflation. While Bitcoin enthusiasts are quick to label the original cryptocurrency as the “digital gold”, RoRaG is far more faithful in its implementation of a gold-based standard.
The RoRa Oil (RXOGC) is another major member of the current lineup of stablecoins. Petroleum products are undoubtedly one of the strongest examples of assets with unadulterated intrinsic value. The role of oil cannot be overstated in the 21st century, and despite the emergence of competing resources, oil will continue to maintain its stronghold within the global economy for the foreseeable future. By bringing this asset to the blockchain, RXOGC will allow effortless trading within the DeFi ecosystem while empowering users with a stablecoin rooted in intrinsic value.
RoRa Holdings, LTD is continuously studying and exploring a variety of assets to expand its lineup of trusted asset-backed stablecoins. Real estate, precious metals, and minerals are all examples of assets that make up RoRa Holding’s current portfolio, with many more to follow.
It is also worth noting that all of these assets have historically appreciated in value over a long-enough period of analysis. A major practical implication of this strategic tie-up is that RoRa Holdings Coins will maintain a stable floor price, but unlike fiat-pegged offerings, these tokens are primed to capture the upside of the underlying assets and deliver it to holders.
About NYX LTD
Our goal is to make trading as appealing and straightforward as possible for anybody. Investing is one of the most effective methods to increase your money, yet it may appear perplexing, costly, and unattainable for many individuals. NyX is changing all of that. We're a technology firm that gives simple, worry-free investing to everyone through a beautifully designed, user-friendly desktop and mobile solution. We make it easy for you to invest in the cryptocurrencies you believe in.
Forward looking statement:
This press release is issued by NyX LTD (NyXExchange) for informational purposes only and does not reflect the complete details or current situation of either society. It is a summarized version of specific key facts and plans of NyXExchange, with forward-looking statements that include risks and uncertainties... The press release does not constitute a firm offer or solicitation concerning any securities, other regulated products or services, or the use of any NyXExchange services. This press release and everything contained in it will not serve as the basis for any contract or commitment.
Any regulatory body has not reviewed the securities in any country. Forward-looking statements aren't historical truths and are susceptible to risks and uncertainties, which may cause actual results to vary from those indicated. Most of these variables are beyond NyXExchange's control and impossible to anticipate. In addition, any forward-looking statements contained in this press release are based on assumptions that NyXExchange believes to be reasonable as of this date. NyXExchange undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
About RoRa Holdings, LTD
RoRa Holdngs, LTD is a collection of disruptors who have embraced blockchain technology in order to identify and eliminate the existing inefficiencies and outdated processes that have plagued previous models. The firm was founded by bankers, cryptocurrency specialists, Fintech consultants, and other alternative investment experts. RoRa Holdings, LTD is paving the way for digital monetization, allowing asset holders and financial institutions to buy and profit from stable coins and gold coins for their assets. Their objective is to provide 1 million investors and high-quality asset holders the opportunity to benefit from the economic prosperity that a blockchain future promises.
Release ID: 89076851