Press Release: Gold- and Silver-Backed Digital Tokens by Quintric
Suggested Duration: 5 to 10 minutes
Quintric has announced that that it will be offering digital tokens that are redeemable for gold and silver coins in their vaults. These tokens will be launched on BitShares.
"Quint: The Quint token is fully backed by gold and constitutes five US gold cents (one 1/1,000th of a one-ounce, US legal tender, gold coin). The token can be redeemed on demand, in 1,000 token increments, for an American Eagle/Buffalo gold coin."
"QuintS: The QuintS token is similar to the original Quint, but as the S denotes, the token constitutes five US silver cents (one 20th of a one- ounce, US legal tender, silver coin), rather than gold. Similarly, the token can be redeemed on demand, in twenty token increments, for an American Eagle/Walking Liberty silver coin."