Meet Lyfe Silver and CRV, Two New Assets at Indodax
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Meet Lyfe Silver and CRV, Two New Assets at Indodax

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Meet Lyfe Silver and CRV, Two New Assets at Indodax

Lyfe Silver Coin dan CRV Coin, Dua Aset Kripto Baru di Indodax

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Starting March 9, 2021, Lyfe Silver and CRV will start trading on Indodax. Before you buy, let’s see the explanation, here.

Lyfe Silver

Like gold, silver has been used as currency for thousands of years. Silver has always been used as an alternative currency and medium of payment. The public’s belief in silver is still going on until this modern era.

Currently, silver is one of the largest commodity markets, hovering around US $ 1.5 T. In comparison, the global gold commodity market hovers around US $ 11.5 T, while the world Bitcoin market hovers around US $ 1 T.

Potential Increase in Silver Investment Prices

Silver is a commodity that is much more volatile than gold. Silver’s biggest bullish cycle, which took place in the 2011s, pushed the metal up close to 500% or 5x its original price.

Today, compared to gold, silver is highly undervalued and still has plenty of room to break the 2011 All Time High record.

Limited Silver Deposits

Gold and silver have long been used as state reserves. However, since 1970, the world’s countries’ silver deposits have consistently decreased. The scarcity factor is one of the factors that makes silver prices much more volatile.

High Utility

Silver has far more and varied industrial uses than gold. Silver is widely used in the healthcare and electronics industries. The use of silver as an industrial commodity is also one of the factors that makes silver consistently lost from circulation through industrial waste.

Lyfe Silver and Silver Tokenization with BlockChain Technology

Lyfe Silver provides a breakthrough and silver investment solution through commodity tokenization based on blockchain technology. Lyfe Silver is built on ERC20 technology and can be purchased on official buying and selling platforms such as Indodax.

Storage Solutions

The price of silver is relatively much cheaper than gold, making investing in silver quite a hassle. 1 kilogram of pure gold is equivalent to 65 kilograms of pure silver. Silver also takes up twice the storage space of gold.

Silver tokenization provides a silver storage solution for those of you who intend to invest in silver. Silver investors can invest in silver without worrying about silver storage space.

Physical Exchange

Every Lyfe Silver token issued is guaranteed its value with 1 gram of physical silver. Lyfe Silver guarantees the exchange of Lyfe Silver tokens into silver bars in 100 gram denominations with an attractive design and appearance.

So, you can exchange your Lyfe Silver digital tokens for physical silver. For details, don’t forget to visit the LSilver website!

Second, there is Curve Dao Token (CRV)

CRV is a utility token owned by Curve Finance. As of the time of this article, Curve DAO has a circulating supply of 240 Million CRV coins and a max supply of 1.45 Billion.

Curve Finance conducted one of the largest retroactive token airdrops on 14 August 2020 to reward early adopters, with a vesting period of up to 4 years.

What is unique about this DeFi token is that CRV has become a standout player, when there was a sharp increase in price in a short time, namely being in the position of $ 0.54 on January 11, 2021 and rising to a position at $ 1.78 on January 17, 2021.

The three reasons for this latest surge in volume and price for CRVs are a new collaboration with the Yearn.finance (YFI) ecosystem, a positive regulatory development in the U.S. and increased engagement that increases the total value locked on its platform.

Well, what will you do? Once you know what Lyfe Silver and CRV are. Are you interested in buying it? Don’t forget, you can also find out other interesting information on Indodax’s official social media and read other articles here.

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