back Back

Cuprum Coin, one of the most valuable cryptocurrencies has been successfully launched

By Edlyn Cardoza

October 11, 2021

  • Asset Management
  • Bitcoin
  • Cuprum Coin
Share

Cuprum Coin, Europe, Asset ManagementCuprum Coin s.l.l.c. recently announced the launch of the pre-sale phase of its commodity-backed cryptocurrency, with an underlying asset in the form of ultra-fine copper powder, worth over US $60 billion. Although the launch was announced for September 15, due to minor delays, Cuprum Coin was successfully launched on Friday.

This project aims to deliver value by combining Blockchain technology built on the eco-friendly Tezos platform with a highly demanded and valuable commodity – ultrafine copper powder. This project will allow anyone to invest in a commodity that has been available to privileged institutions for decades.

The company is, therefore, the first organized effort to create the market and prepared only 0.5%, or 1.5 million CUPRUM Coins at the promo price of US $10 per 1 coin. The pre-sale is ongoing through the Cuprum Coin trading platform, with Bitcoin (BTC) or Ethereum (ETH) as purchase options.

The anticipated pre-sale duration is 2 months. It will be followed by an Initial Exchange Offer (IEO) from December 01st with the predetermined price of US$ 15 per 1 coin, and then by trading on exchanges from January 1st, 2022, or immediately upon completion of the IEO. Cuprum Coin should start trading on exchanges at a value not lower than US $25 per coin. Given that one Cuprum Coin is covered with US $100 in commodity value, pre-sales, as well as IEO, are an excellent opportunity to invest in the initial phase.

“We are fully aware of the curiosity and interest this unique marketplace creation has risen within the crypto community. That’s why we decided to shift initial launching and present more transparent and faster coin explorer time plans”, stated Mario Urlić, Cuprum Coin CEO and founder, today.

Therefore, the management presented an improved funds distribution plan that now includes strategic investments in environmental protection, sustainable energy, aero and space programs, medical technology, and donations for charity organizations. The founder and his partners have decided to separate as much as 12.5% of total sales in these sectors.

The company stores and secures extremely valuable underlying assets in high-security facilities in Germany. Prospective investors are welcome to request the supporting documentation and visit the premises upon special arrangements.

Previous Article

October 11, 2021

IIFL Finance launches business loans up to 1m on WhatsApp

Read More
Next Article

October 11, 2021

Al Rajhi Bank launches a financing platform for local commodities

Read More







Advertise with us



IBSi Daily News Analysis

May 20, 2022

Asset Management

European Commission launches public consultation on PDS2

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Round13 launches a dedicated fund to invest in the emerging blockchain and digital asset market

Read More

May 19, 2022

3 factors inhibiting the adoption of Blockchain technology

Read More

May 19, 2022

MooveBeta merges with ImpalaPay to provide a connected economy for Africa

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More