The United Arab Emirates will start a new project with the participation of the Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, whose main purpose, to create a new cryptocurrency that is backed by gold.
Thus, Islamic finteh startups OneGram, which is located in Dubai, has signed a contract with GoldGuard. In the media noted that this currency will meet all the standards of Islamic finance.
One token OneGram will be equivalent to 1 g of gold, which will be in stores Company GoldGuard. The price cryptocurrency will depend on the rate of gold.
On average, during kraudseyla, the project will be able to raise about $ 555 million. At the moment, ICO date has not been disclosed, but is likely to take place within a month or two. Displacement OneGram emission amount 12400768 coins.
Note that in the current time Islamic finance market volume is about 1% of the world GDP and demonstrates the regular steady growth of 20%.
Forex forecast for today based on recent and relevant data on the economic and political situation in the country, currency or other asset that can be analyzed.
Based on materials WELTRADE
