What Is Palladium Coin?
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.
Researchers realized the metal’s resistance to oxidation and strength under high temperatures made it valuable in catalytic converters, an essential component in cars that cleans up emissions.
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 is built on the Ethereum blockchain, one of the most popular platforms for building projects. As an ERC-20 stablecoin, the cryptocurrency is able to be stored on a variety of secure and well-known crypto wallets, like MetaMask, MyEtherWallet, Ledger, and Trezor.
No identification is needed when purchasing the crypto-backed by palladium. All a user has to do is provide an Ethereum wallet address to receive PalladiumCoin. The project team lists the smart contract address on the Ethereum mainnet for the coin on the website. This lets users view the smart contract’s architecture on Etherscan and promotes project transparency.
All palladium reserves are managed and secured with the highest security measures. The redemption system for physical bullion involves identity verification to ensure the account holder is the only one permitted to retrieve the physical 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. 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.