This is good news for users of Vaultoro ! If you don't know Vaultoro, tell yourself that it is a site for buying gold with cryptocurrencies.
The Swiss company has just announced a new partnership with The Standard, a DeFi project to improve the experience on Vaultoro.
The goal of Vaultoro is to allow everyone to buy rare assets, particularly gold, with ease. You can buy with cryptocurrencies directly on the platform. You can also resell, exchange and even recover your gold or leave it in the company's coffers.
The company is audited regularly and is under Swiss jurisdiction to guarantee flawless security with our gold.
The interesting point and different from other services that allow you to buy metals is that Vaultoro, the assets are not tokenized. This is a deliberate choice on the part of the vaultoro team who does not want to add storage costs or the possibility of losing users' private keys.
And, we must admit that this is also what interests us about Vaultoro; We can really buy gold (and other assets) and our gold is held in secure vaults in Switzerland. This is a classic method of purchasing gold except that you can pay in cryptocurrency and immediately resell your gold stock on the platform.
The site therefore offers us the advantage of simply having liquidity, something that can be lacking on classic sites like Gold and silver (even if this site is excellent for buying physical gold in the traditional way).
And, it turns out that by doing this collaboration with The Standard, the site becomes even more interesting!
What is the benefit of collaborating with The Standard?
The protocol The Standard is an infrastructure project in decentralized finance (DeFi) which gives users the possibility of generating stablecoins using loans backed by assets (like gold, in fact). And that without an intermediary!
Basically, the protocol The Standard allows everyone to have stablecoin loans based on a security deposit in the form of an asset like metals and gold. Thus, those who own gold will be able to borrow money against their gold holdings. Interesting!
This loan is made by a smart contact called Smart Vault.
And, to tie in with Vaultoro, users who own gold will then be able to generate stablecoins using their gold assets.
In fact, even if the gold standard no longer exists, we can say that with this system, we are happily returning to it. We therefore have a stablecoin which is really indexed to gold and cryptos.
The Standard already has two partners including Vaultoro and Bar9, who are the first custodians of the protocol.
How to get The Standard token?
So, we share the information with you in advance. The token will be distributed in pre-sale on the Vaultoro platform directly.
Simply register to be notified directly by email.
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Disclaimer: This is not investment advice. This is general information. Do your personal research before investing.
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