tradable asset

Mamat Rohimat:
Every tradable asset for investment must have underlying assets as backed up value.

Underlying assets can be other assets, Business, or commodity.

While the Fiat Currencies which are not backed by any assets except government endorsement are widely critized. It is happen when The Fed abandoned Gold Backed Currency System.

The money previously is gold or silver called Dinar or Dirham, while for 1 dinar is equivalent of 4.25 Gram of gold,and 1 dirham is 2.975 gram silver.

The Central Banks then introduce gold backed Currency system and force citizen to put their gold under a gun threat! But, after that, the central banks abandoned Gold Backed Currency System, meaning the Currency will not be backed by any asset.

Based on this facts, some people also said that Fiat Currencies are scam! They take gold from citizen, give note, then note as Currency is not backed again.

Crypto Currencies are not backed by any asset for now. So, there is not underlying asset unless exchange rate based on speculative demand and supply.

To fix this, I introduce TheGreatCoin, a Crypto asset that will be backed by hard assets including companies, real estates or even gold, managed by an honest manager in a very transparent manner.

Mamat Rohimat
Founder TheGreatCoin