Unfolding the next chapter of asset backed coins with historically proven assets
Dubai, United Arab Emirates (June 14th, 2022)—As 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 , 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 stable coin segment of decentralized finance is utterly dominated by coins 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 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, many other factors could hurt the stability of these assets. The world witnessed an extreme example 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 tangible 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.
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 precious golden 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 implementing a gold-based standard.
The RoRa Oil (RXOGC) is another prominent member of the current lineup of asset-backed coins. 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. 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 stable coin rooted in intrinsic value.
RoRa Holdings, LTD is continuously studying and exploring a variety of assets to expand its lineup of trusted asset-backed coins. 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 significant practical implication of this strategic tie-up is that RoRa Holdings Coins will maintain a stable floor price. Still, unlike fiat-pegged offerings, these tokens are primed to capture the upside of the underlying assets and deliver it to holders.
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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.
Name: Cora Müller
Phone: +370 8 800 80 047
Location: Dubai, United Arab Emirates
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