VRO crypto stablecoin VeraOne - SrijibDutta/srijiblog GitHub Wiki

New cryptocurrencies emerge every day and it becomes difficult to keep track of them. Which ones are worth investing in? Everyone knows Bitcoin, but it is extremely expensive now, which makes people want to invest in the newer promising cryptos. Luckily, stablecoins came into play to provide more stability as opposed to the volatile Bitcoin, Ethereum, etc. VRO VeraOne Crypto is one of the latest and most promising cryptocurrencies backed by actual gold.

What is VeraOne Stablecoin?

A stablecoin is crypto backed by some type of asset or another currency in order to make it more protected from market fluctuations and other influences. There are a few different types of stablecoins:

• Backed with fiat money – certain cryptos are backed with the traditional currencies like US dollars, euros, etc.; • Backed with other cryptos – in order to protect the value of a certain crypto, it can be backed with another cryptocurrency; • Algorithm backed – special algorithms are used to keep the price of a certain cryptocurrency on a required level; • Backed with assets – certain assets or commodities can be used to back a cryptocurrency. Gold is one of the assets used to maintain the price of cryptos as it is one of the most secure assets.

VeraOne is a stablecoin because this crypto is backed with actual gold. The price of a single VeraOne token equals 1 gram of gold at all times.

Gold has been chosen for VRO because of various reasons. Gold has been used for trading throughout the whole history of humanity. Even nowadays, gold is one of the safest assets to store your money in. All currencies go through highs and lows, but gold remains powerful. This is why VRO is a safe bet when it comes to cryptocurrencies. Other cryptos are highly volatile, while VeraOne delivers stability and certainty in your future. This virtual currency is a part of a rapidly developing ecosystem, which brings accessible financial solutions for everyone.