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RE: The Quintric Monetary System: Bringing Stability to the Unstable Markets

in #bitshares6 years ago

Here's what I was thinking, as STATES don't have the ability to create legal tender;

  1. Quintric investors buy a physical gold or silver bullion coin
  2. They notify Quintric of their need for storage
  3. Quintric accepts their fiat or BitUSD for paying the lifetime premium for storage
  4. The Payment once cleared through Quintric and the bullion coins have been shipped to Utah issues Quint(S) tokens on the Bitshares blockchain to the appropriate wallet
  5. Lifetime storage for free with the tokens acting as the premium ONLY and the promise of storge of physical bullion.