In 2017, the blockchain industry was met with extreme excitement, awareness, and FOMO, amongst many other things. Cryptocurrencies have not only created a new asset class but an era that arguably could be compared to the gold rush in the mid-1800’s. Millions flocked into the industry with the idea of capitalizing off of the opportunity to invest and/or start new businesses centered around blockchain technology. But 2018 has been met with a different narrative. Industry FOMO has subsided and investors have become more educated and cautious than ever before. They want a low risk, secure, and stable investment that is not associated with investing in the cryptocurrency market in general.
Coinvest, a newly launched ICO, who has just announced their initial product beta for a decentralized exchange, is one of the companies taking notice of this and has put a plan to action. In their second-quarter update for their investors, one of the behind the scenes updates includes creating strategic alliances with different companies to scale and grow the Coinvest base and answer the needs of the market.
Specifically mentioned is Dillon Gage, an international wholesale precious metals trading firm, in order to offer the trading of precious metals (such as gold, silver, etc.) through the Coinvest platform. Users of the platform will be able to buy these metals in addition to cryptocurrencies. These will be all backed, redeemable, and ready to be drop shipped to token holders if they desire. The company is aiming to offer the world access to invest in precious metals using a secure, traceable, easily transferable asset.
For those familiar with the ICO, it was not a surprise that Coinvest decided to set up a new project immediately after its Beta launch as the cryptocurrency company has repeatedly emphasized, and is well-known for prioritizing execution and building. It has been revealed that Coinvest started talks with Dillon Gage to analyze how the companies can work together in launching precious metals investment products.
At the current moment, there is no precise information about the development of this communication between two firms, nevertheless, optimists and followers believe that the potential project will turn out to be a success.
About Coinvest
Coinvest is a blockchain technology company focused on developing solutions to democratize cryptocurrencies and bring them to the masses. The company’s mission is to create solutions for the world to seamlessly and securely invest and use cryptocurrencies.
Coinvest is lead by a team of Microsoft alumni and prominent advisors Tony Scott, former CIO of the US Government, VMWare, and Microsoft as well as Pete Cashmore, founder of Mashable. Coinvest is one of the few blockchain companies in the world registered with the United States SEC and FinCEN. For more information about Coinvest, please visit https://coinve.st.
