Card image cap

YEM, can't the backing Gold be sold and also be finished. What will protect YEM not to loose value as Bitcoin is doing now, just asking.
added by Anonymous 659 days ago 0    0

YEM/ RAINBOW currency backed by gold and other precious metals.
74
6

I have that Bitcoin is backed by virtual gold and all other altcoins are affected by its declining price since they were created after Bitcoin which has been the leading crypto. Am asking since YEM is backed by gold if for example all yem holders withdraw their YEM, can't the backing Gold be sold and also be finished. What will protect YEM not to loose value as Bitcoin is doing now, just asking.

How do you vote?

Card image cap

No YEM is not backed by gold in the sense that you can go exchange it for gold. You can use YEM to buy digital gold in part through the Twnkl Gold Coin (TGC), and that eventually can be converted to physical gold or you can keep it and use it in its digital form.

I think the YEM Foundation has some good ideas and plans to protect and grow YEM and it is great that the YEM holders get to help decide things too. So if someone has an idea, send a message to the YEM Foundation and the YEM holders will vote on it if it is good for all YEM holders.
added by Anonymous 669 days ago 2    0