Palladium is one of the most intriguing precious metals. Not listed as an element until 1751, the metal was not commonly known until the 1970s. Today, its unique properties and growing industrial demand have made it a valuable asset not only for traditional markets but also for digital innovations like Palladium-backed crypto investment, which merges the stability of precious metals with the flexibility of blockchain technology.

Today, palladium is seen as a treasured metal for bullion collectors due to its rarity and high mining cost. Interest in palladium bullion expanded after the first release of the American Palladium Eagle, the first U.S. Mint coin that was palladium based.

Investors interested in taking advantage of palladium’s value have the option of investing in Palladium Coin, a stablecoin backed by bullion reserves of palladium.

The cryptocurrency allows buyers to sell and trade in the virtual currency world, with the option to redeem for physical palladium bars, rounds, and coins.

Curious to learn more about Palladium Coin and its accessibility to investors? Keep reading the rest of the article.

PalladiumCoin: Opening Up Access To High-Grade Palladium

PalladiumCoin is a fractionalized asset that is available for purchase with other cryptocurrencies or money. The fractional nature of the cryptocurrency means any amount can be purchased at any time.

This presents a large advantage to prospective palladium investors. The high spot price per ounce of the metal means even a gram of bullion might be too expensive for some prospective investors.

With PalladiumCoin, any buyer with any amount of money is able to digitally invest in the cryptocurrency backed by palladium, and then redeem for physical bullion.

Each PalladiumCoin is backed by 1/1000th of an ounce of 99.9% pure palladium. Bullion is stored in a secure vault and fully audited – with results published on the project’s website.

Cryptographically Secure With Leading Technology

PalladiumCoin operates on the Ethereum blockchain, one of the most widely used platforms for building crypto projects. As an ERC-20 stablecoin, PalladiumCoin can be stored in a wide range of secure and trusted wallets, including MetaMask, MyEtherWallet, Ledger, and Trezor.

Users can purchase this palladium-backed cryptocurrency without providing identification. To receive PalladiumCoin, they simply need to submit an Ethereum wallet address. The project team openly shares the smart contract address for PalladiumCoin on the Ethereum mainnet via the official website. This transparency allows users to inspect the contract’s structure directly on Etherscan.

The team stores all palladium reserves under strict security protocols. When users want to redeem physical bullion, they must verify their identity. This ensures that only the rightful account holder can collect the bullion from the vault.

A Focused Vision For Growth

Many cryptocurrency projects fail to take off because they do not have a concise future roadmap. The team behind PalladiumCoin has presented a clear and straightforward vision for growth and the future.

In 2021, the team hopes to add the cryptocurrency to a leading exchange of commodity-backed stablecoins and offer holders the ability to purchase the coin through an ATM network.

Amid growth, the team intends to keep spreading the word about the cryptocurrency at various events and conferences.

So far, the team has done a good job at promoting the cryptocurrency and meeting performance objectives. Their ability to successfully market a Palladium-backed crypto investment demonstrates both innovation and strategic thinking. An enthusiastic and hard-working team is a great sign for the future viability and potential of any project.

PalladiumCoin As An Investment

Savvy investors interested in diversifying their portfolio have the opportunity to invest in a cryptocurrency backed by palladium. The coin is secure, easy to buy, sell, and trade, and seamlessly redeemed for physical palladium.