Our daily life has been made easier by the digital world. As they become easier to use and more readily accessible, this has helped bring investments closer in reach of people. Digitalization has brought rapid change to financial instruments, such as stocks and bonds, mutual funds, ETFs, and other investment vehicles.
Blockchain has brought about a revolution in the world of digital investments. Cryptocurrencies originated with bitcoin, the world’s first decentralized, peer-to-peer money, in 2009. Bitcoin was created to allow anonymous and safe transfer of funds. However, it also has the potential to be a valuable store of value. In just 12 years, crypto-assets have surpassed $1.03 trillion market capitalization. In November 2021, the industry reached a record high of $3 trillion.
Other cryptocurrencies, or altcoins, began to flood the market after an initial boom, which saw Ethereum and its smart-contract platform surpass bitcoin in popularity. These altcoins offer security, enormous industry growth, inflation hedge, portfolio diversification and security. Although crypto is a popular digital investment option, many people overlook its utility and purpose, which has attracted a lot of attention.
It’s more than a digital investment
Holding cryptocurrency-assets has real utility, unlike traditional stocks. Individuals can stake tokens for reward, participate in yield farm to get lucrative interest rates, governance and even solve real-world issues effectively. However, the rarest combination is one that has both utility and solid investment potential. The Legacy Token by Nature’s Vault checks all these boxes.
Nature’s Vault is a fintech-slash-greentech company tokenizing and monetizing the preservation of gold deposits underground. The company’s goal is to facilitate ESG impact and natural capital investment, offering new ways to invest in the future of our planet through various projects, beginning with Legacy Token. Holders have the option to stake their token to receive yields or vote on governance.
Legacy: Tokens with Purpose
As the token’s main utility is the preservation of in-ground gold deposits, each Legacy Token is backed by the preservation of at least 1/100th of a gram of gold in the ground. Nature’s Vault acquires the mining rights for deposits located in pristine environments that are vulnerable to mining, and makes a pledge to never mine the gold within these deposits. They also protect these environments from possible mining by others. The first deposit Nature’s Vault acquired lies near Pistol Lake in Canada and covers over 150 thousand ounces of gold.
Legacy Token is a tokenization system for in-ground precious metals. This will offer an alternative to gold mining, which can be very costly and disruptive to the environment. Legacy Token provides the advantages of investing in gold but does not cause any environmental damage. This encourages avoided mining to be a viable financial investment. Legacy Token token holders may consider Legacy Token an environmentally-friendly option to diversify their investment portfolio. There is even the possibility that in the near future, carbon credits may be generated through avoided mining, and these credits could be distributed to Legacy Token holders.. Legacy Token, therefore, provides ESG investment opportunities for both individual and institutional token holders, while also contributing to the safeguarding of the Earth’s Natural Capital and helping mitigate climate change.
Another attractive feature of Legacy Token as an investment is Nature’s Vault’s Mine Acquisition Program. The aforementioned deposit near Pistol Lake holds 150 thousand ounces of gold, but Nature’s Vault is committing to the preservation of at least another 850 thousand ounces of gold through the acquisition of additional deposits. The company’s goal is to commit to the preservation of at least one million ounces of gold, at which point each Legacy Token would be backed by approximately sixfold the amount of preserved gold from the time of launch.
Utilities: Powering the Future of Investments
We are moving away from the traditional ways of investing and towards digital engagements. These investments, which were once difficult to explain and visualize, are much easier to grasp. Thanks to blockchain technology, cryptocurrencies can now be created. This is what the future holds for digital investments.
Crypto is poised to become the next big thing in digital investment, with tokens such as Legacy fulfilling a dual purpose and delivering utility. It’s about time the world embraces crypto en masseThese include those who promote greater causes for human improvement.
