Tiberius

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Tiberius Coin is a project of Swiss raw material fund Tiberius Group. The company is a major player in the steel industry and manages investments of about $300 million. The start of work on the project refers to 2012, the launch of the coin was announced on January 22, 2018. An active marketing campaign is currently underway.

Usage fee[edit]

Warehouse fees for the first year of use are not charged. Many experts note that these costs are disproportionately less than the losses associated with inflation. Keeping money in Tiberius is more profitable than in USD, as the cost of metal is only growing. This is especially true when it comes to emerging markets with inflation rates of more than 20% per annum.

Operating principle[edit]

Buying a Tiberius coin is equivalent to buying physical metal. The buyer purchases tokens, and Tiberius Crypto Ltd ("TIC") receives a signal to leave the metal in the warehouse in custody. A warehouse receipt is issued, which is the main product, then a separate warehouse receipt replaces the global certificate. And the buyer, in fact, acquires the status of a shareholder - the document uses the phrase "dynamic joint ownership". The certificates will be stored in the safes of reputable Swiss banks.

Interesting facts[edit]

The company was joined by an innovator and pioneer in the field of cryptocurrency, Philip Zimmermann. He took the position of chief scientist and security officer for the Tiberius token. Zimmerman had been offered to participate in such projects before, but he rejected these proposals.

Metals[edit]

The fund will issue several versions of the Tiberius Coin. Each of them will be supported by different groups of metals:

  • Group 1 - palladium, gold, platinum;
  • Group 2 - copper, zinc, tin;
  • Group 3 - cobalt, nickel, aluminum.

In the future they plan to expand the list of metals.

Platform localization[edit]

Unlike Bitcoin and other cryptocurrencies, Tiberius is characterized by centralized management. Management-part of the Tiberius group is regulated by FINMA (Switzerland). Tokens can be exchanged for physical metal. Delivery will be carried out by "token cancellation" via Tiberius Coin application or on the official website. The physical asset (metal) is independently verified and stored in several company warehouses in more than 600 locations around the world.

Advantages[edit]

The introduction of new technologies, such as robotics, unmanned aerial vehicles, wear-resistant technologies is more important than ever, and in the medium term will only increase. And the cost of industrial metals used for these purposes, respectively, will grow, as minerals – a limited resource. All metals included in the basket of Tiberius coins (except gold) have industrial applications and have internal value. Even in the case of the collapse of cryptocurrency exchanges, the currency remains securely protected.

Partners[edit]

The partner network of Tiberius Coin includes world leaders of various industries. Among them:

  • Lykke - global market for free exchange of financial assets;
  • PwC - an international network of companies providing consulting and audit services;
  • Асrobits - an innovative company in the field of communication solutions.

Cooperation with major players gives the project extra weight and shows reliability.

ICO[edit]

Tiberius cryptocurrency ICO started on October 1, 2018, ended on October 21, 2018. On November 1, tokens were listed on exchanges, where they can be purchased. The Tiberius coin will be listed under the TCX Ticker. The market price of the token will be calculated according to the formula: (TCX) = Internal value (IV) + market Premium (MP).

See Also on BitcoinWiki[edit]