ZrCoin (ZRC) is a decentralized cryptocurrency that is backed by real production of Synthetic Zirconium Dioxide (Zr02). Tokens produced will be dependent on the value of Zr02 produced. Synthetic Zirconium Dioxide is a refractory material characterized by high plasticity, resists corrosion and is manufactured from waste materials. One token represents 1Kg of Synth Zr02 and is based on Waves.
This token boasts features and advantages absent from other cryptocurrencies such as being free fromShow more [+] flation and not susceptible to volatility considering that is backed by actual production. The token's ICO (Initial Coin Offering) funds are to go to funding the production and distribution of this material. Following the ICO, investors are able to cash in on their tokens. The tokens will retail at the existing value of zirconium dioxide. There will also be an opportunity to exchange these tokens for company's stock, or exchange it for Bitcoin, fiat or any other cryptocurrency on the exchanges ZrCoin is listed.
Zr02 manufacturer has plans to make purchases of up to $400,000 ZRC per month after the start of production. Furthermore, investors can exchange their coins for physical Zr02. This token is not premined, and has a total supply of 4.9 million. ICO ended on June 9, 2017 and raised $7 million. The price of one token during the ICO was $1.55. The token is now listed on Tidex, YoBit, HitBTC and Waves Decentralized Exchanges.
This project is managed by a team of experts among them being Vitaliy Merzlyakov, Yevgeny Panov and Victor Kochetkov among others.