In this article, we will explore the numerous potential use cases of Tradcoin – c cryptocurrency reportedly backed by tangible assets.
Tradcoin – Diversified Mexican Cryptocurrency
If we analyze the current situation of cryptocurrencies, we find limited credibility and strength to their acceptance and exchange due to the lack of real support from merchants. Most cryptocurrencies base their proposal on good wishes and solutions that in most cases are not executed, with some even becoming scams and causing governments to stop the growth of this capitalization scheme. There are relatively few countries that have attempted to properly regulate cryptocurrencies, with Mexico being on of them.
Mexico recently established the new Fintech law, in which there is a regulatory framework for the handling of cryptocurrencies within the country. According to Tradcoin, a company that launched its ICO in March, this makes Mexico the right place to develop this technology. For this reason, entrepreneurs Miguel Aguayo and Octavio Gonzalez developed a cryptocurrency called Tradcoin in Yucatan, Mexico. This cryptocurrency tries to change the perception of people towards cryptocurrencies and lets them know that they can be backed by tangible proposals.
Based on 7 pillars
This currency will cover seven different sectors and may be used in them. These 7 pillars are:
- Real Estate (Purchase and sale of buildings, premises)
- Technology (Gadget use projects, peer-to-peer payment systems)
- Tourism (Partnerships with hotels, travel agencies, transportation)
- Art (Musical events, plays, international congresses)
- Startups (innovative technological projects, sustainable energy uses)
- Health (Campaigns, donations of equipment, hospitals, plastic surgeries)
It should be mentioned that the returns obtained from each of these investment projects will serve to inject more capital into Tradcoin.
A single form of payment
The main proposal is that each of these pillars use Tradcoin as a form of payment between them, in order to generate profits for all parties involved. Therefore, with this cryptocurrency, people can acquire a property, pay for a health services or enjoy a play, while the digital currency circulates throughout the financial ecosystem of society and is strengthened.
With this, it has been estimated that Tradcoin has the potential to reach a value above $50 in the first 2 years with a total offer of 300 million tokens. The development of this cryptocurrency was initiated with the purpose of enhancing the commerce, culture, traditions and tourism of Mexico within and beyond its borders. This initiative is added to other projects of national cryptocurrencies such as Agrocoin, which serves to finance the hydroponic production of Habanero peppers. Both with the purpose of improving the economy of the country.
Tradcoin is aimed at Latin American and Spanish-speaking countries, although it will be translated into English because it is intended to promote world trade in digital currencies. For more information about the project, you can check out its official website https://tradcoin.org/