OneGram - Sharia Compliant Cryptocurrency

in #blockchain7 years ago

Backed by one gram of gold


OneGram uses blockchain technology to create a new kind of cryptocurrency, where each coin is backed by one gram of gold at launch.

Historically gold is more resilient, and holds its worth better than any fiat money, particularly in times of economic instability.

No currency can guarantee absolute stability, but OneGram limits your exposure to the downside risk.

Because the base price of OneGram is always at least equal to the spot price of gold, OneGram has a floor price.

Growth with every transaction


Each OneGram transaction generates a small fee. Unlike other cryptocurrencies, in OneGram, this fee is reinvested (net of admin costs) to buy more gold and increase the amount of gold that backs each token.

As transaction volume increases, more gold gets added to the vault and all OneGram owners share in the profit. So, over time, each OneGram is fundamentally worth more by design.

OneGram is an asset class that increases in value. Not just from the price of gold but also from the amount of gold that backs each coin, which increases with each transaction. This makes OneGram a forever increasing valuable asset.

whitepaper link

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