RATE Group | Open API Cryptocurrency Exchanges Launches IPFS Protocol to Facilitate Security Token Tr…
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Open API Cryptocurrency Exchanges Launches IPFS Protocol to Facilitate Security Token Tr…

01 Nov Open API Cryptocurrency Exchanges Launches IPFS Protocol to Facilitate Security Token Tr…

Posted at 09:06h in Cryptocurrency News by

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A developer of decentralized ERC-20 token exchange powered by P2P hypermedia protocol from Protocol labs launches private IT-backed security token.

To remove the challenges linked to traditional IPO investing, the security trading platform BaseCore leverages its very own security token: BaseCore token; a stable coin backed by the underlying portfolios of private IT companies. Two major components make up the BaseCore token. An investment element, based on reportedly high-yield assets in the portfolio secured by non-public IT startup assets. A stabilizing component, attained by settling on a “base” redemption price determined by the value of the underlying assets.  This established buyback value is honored by BaseCore for all of its token holders. No matter the volatility of the crypto markets, the company assures that this base price guarantees the foundational value of the token.

The backbone of BaseCore is Excalibur, a fully decentralized cryptocurrency exchange and the…

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