Swiss company launches new token tied to metal prices
As was stated by Bloomberg, Switzerland asset manager and commodities trading company Tiberius Technology Ventures AG launches a new token called Tiberius Coin which is going to be backed by seven metals.
According to the official Tiberius Coin website, the company is willing to make a market in the asset so that its value will be close to the value of a basket of copper, aluminum, nickel, cobalt, tin, gold, and platinum.
The company decided to refuse to hold unregulated initial coin offering (ICO) and sell its coins under Swiss law at about $0.70 per one. The token sale is set for October 1.
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