FuraCoin is an asset emerald token built on the Ethereum blockchain. The token is tied to a tangible asset that is historically valued annually, especially in decline in the broad market, as observed during the 2008 financial recession. Emeralds are stored in a secure vault at Bank of America, located at 2308 Ponce de Leon, Coral Gables, Florida 33134. The terminology of an asset-backed digital currency is an asset token (ABT).
These tokens are an inevitable event that can gain momentum in the near future due to the steady upward trend they have shown in the past. ABTs work by backing up the turnover of assets held by customers through tangible, real stores values that help maintain and manage a stable price and reduce typical volatility of many other digital currencies collide.
ABT is an alternative way for investors and traders to keep value away from other more volatile digital currencies. Emerald trade through FuraCoin creates one of the largest asset-backed digital currencies for emeralds USA and internationally.
The main purpose of developing FuraCoin is to create liquidity for the emerald industry through a system that combines emerald trade capabilities with Ethereum - based blockchain technology to create a well - designed and transparent system. In addition, FuraCoin seeks to create an alternative method for individuals to buy, trade, store and exchange their tokens at the Gemological Institute America (GIA) -certified emeralds.
The company also offers investors a historic emerald price data over time through the Emerald Report (www.emeraldsreport.com). The Emerald Report was designed to track monthly and annual price changes in each category of emeralds. In particular, we adhere to the initial Commercial classes, Good, good and very good. In addition, Emerald Trade collects all major reports produced in each emerald-producing country.
As a result, Emerald Trade remains configured to the actual market price worldwide, as well as actual production and imports activities of each country where emeralds are mined, cut, bought or sold. Methods and procedures for detection, analysis, recording, accumulation and storage information is obtained from a large number of financial statements and export / import reports from numerous organizations involved in the emerald market, such as GEMWORLD, GIA, Fedesmeraldas, ANM, Asocoesmeraldand and Emeralcol. In particular, the question "What if there is a failure in the global blockchain, and the price is falling sharply? the answer is given. Now people have the strength and protection to fight unstable cryptocurrencies, buying FuraCoin as a means of stability and calm and safer long-term investment.
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