One of the most valued aspects of blockchain technology is that it supports the creation of decentralized currencies. Bitcoin reigns as king and continues to extend its market dominance as both its awareness and market cap are growing faster than most alts. However, new entrepreneurs feel that there is room for some alternates, especially if they can excel at functionalities that are characteristicly weak with bitcoin, one such trait is stability.
A lot of projects are exploring ways to provide ways to create a digital currency that can maintain security and transparency while providing some degree of stability or predictable directional flow. Some have gone as far as tossing mining out of the equation; this has been controvercial since many assert that mining is essential to making a decentralized currency.
Tokenized Land as Currency
Remoneta is a digital currency. It combines existing notions of tokenization with some of the factors that have been used to create stable coins.
Tokenization makes investment in assets easily accessible to the masses, and stable coins use asset-backing to ensure that the coin remains valued in alignment with the money backing it. Remoneta is going to combine these: a coin backed by land, thus tokenized land, and then used as a currency.
Remoneta serves as an online currency that differentiates itself in terms of functionality. Its innovative distinction isn't in technology but in its characteristics.
Tokenization is made possible via blockchain technology. However, leaving the tokens as tradable, liquid asset units doesn't achieve the full potential of what is possible.
Asset-backed coins have proven to be stable; thus, Remoneta tokenizes land and then provides these digital currencies to exist as a mass online currency. The asset-backed factor makes them stable and reduces volatility as there is a realistic means to quantify what the coin is worth at any point in terms of the underlying land value.
This is a new concept and explores a combined benefit of past ventures made in this market. What needs to be seen is whether ReMoneta will become just a popular, stable and real-value currency or the central currency connecting all crypto to e-commerce.
In a nutshell, Remoneta makes it possible to make payments with land, history's undisputed value storage, by tokenizing it.
This is looking good. Especially when the market is trying to recover as we can see from the latest news
Recent news certainly has been quite positive.
@hatu Remoneta is looking good project for future. I will try to study more about this. thanks for coming out with good project.
It's definitely a novel concept :)
Will be used as a tokenized currency.It is good news.You like our currency and I like it very much.
It's a currency.
Great project for all crypto investor....
amazing coin sir
This is really great concept,thanks a lot for sharing.
You're welcome.
great planing for future
it is for making a new coin am i right
A new currency.
Oh good
hm ... interesting
It certainly is.
@hatu i think this is good future project, watch this project is very great.watch and think properly
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Land is only owned by those who occupy and enforce that ownership. A digital token is not going to mean anything unless it is acknowledged as a title deed, backed by a government with an army that is feared. Does Remoneta take any of that into consideration, or is this a wishful pipe dream?
Finally, you guys offer your service on my pieces :)