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Press Release

Mercurity Adopts Blockchain Tokenization Technology to Help Global Users Withstand the Risk of Foreign Currency Devaluation

In 2018, many countries around the world encountered a tragedy of "crash" of legal currency. Look at the data below:

In Venezuela, the currency has depreciated by 99.5% in the past four years and consumption has increased by 40000%;
Argentina, in the half year of 2018, the legal currency depreciated by 70%;
Turkey, since August 2018, due to international economic sanctions, the legal currency fell by nearly 40% in one month.

Other countries, such as Pakistan, Iran, Russia, and small and medium-sized countries in Africa encountered high debt, group panic selling, continued currency depreciation or plunge due to economic development or international economic sanctions and shocks.

The financial disasters in these countries are still paid by the money holders. They work hard and diligent but have to pay for the depreciation. These events shadow over the nationals of other developing countries and even a small number of developed countries around the world. They have begun to consider the possibility of escorting through cryptocurrencies, and some countries have also begun to led researches on national anchoring currency and currency tokenization.

At present, the Mercurity network platform of the Daollar Group in the United States is the first to launch such an innovation and service based on blockchain technology aimed at the global quality asset tokenization, creating a better investment channel for global investors and providing higher quality capital for the world. Providing mobility and customer base to accelerate the free and fast flow of global assets.

In the view of the Mercurity team, the tokenization of legal currency is a very effective way. The tokenization has solved two problems. One is credit, the legal assets are anchored, and the financial institutions such as bank trusts manage the assets of the legal currency. They have the endorsements of national credibility; the other is the efficiency of circulation. The assets of the tokenization are better than the traditional ones, and the liquidity is better. The circulation is more efficient. The nationals can quickly convert the domestic legal currency in the hands of the domestic exchange into a legal currency that is relatively stable in exchange rates of other countries before the loss of the exchange rate to avoid losses caused by the plunge of the legal currency in the exchange.

According to official information, Mercurity has already 1:1 anchored the global mainstream national fiat money such as the US dollar, the euro, the Japanese yen and the British pound, as well as the stocks of NASDAQ and NYSE such as Apple, Amazon, Facebook, Alibaba and Tencent. The generalized issuance, currently available for trading in the 55 Global Markets (55.com). Mercurity manages anchor assets through third-party trust companies and cooperates with third-party audit companies to regularly disclose asset information, fully guaranteeing asset security and the rights of the inventors.

In 2018, due to the unexpected development of the underlying technology of the blockchain, the application scenario was slow, and the shit coins returned to zero and the projects ran away. The majority of the cryptocurrency investors were bankrupt, the new investors were less and the crypto market fell into a cold winter.

In the huge bear market, the total market value of global cryptocurrency fell from $830 billion in January 2018 to $130 billion on January 10, 2019, with an overall decline of more than 80%. However, in January 2019, the cryptocurrency market ushered in a wave of climax. The top ten market capitalization cryptocurrencies led by BTC, ETH and XRP all ushered in a wave of 15-50% monthly fluctuations. TRON (TRX) rose more than 100%. The cryptocurrency market is not as fragile as it is supposed to be. If it is only based on the scale of the beginning and the end, compared to the market value of $19 billion in February 2017, as of January 2019, the two-year increase is seven times, which is still a good investment market in global.

According to the data, by the end of 2018, the global gold market was about 8 trillion USD, the foreign exchange market was about 96 trillion USD, the stock market was about 78 trillion USD, and the real estate market was about 217 trillion USD. The global debt market is about 247 trillion USD, and the financial derivatives market is about 532 trillion USD. After decades of development, the traditional financial market has reached the scale of tens of billions of dollars. This is more than 10,000 times that of the cryptocurrency market. So why many high-quality investment assets cannot be introduced into cryptocurrencies by blockchain technology? Through technical means to solve the problem of a large number of investors in the traditional financial market, even the current global stock, gold, foreign exchange and other investment markets, even 1% of them were tokenized, it’s also 10 trillion in scale, much higher than the independent cryptocurrency market.

The core of the blockchain is technological innovation, not asset creation. As the Internet is just the traditional offline business, the informatization and cyberization of offline business, has become the most successful invention in the past 20 years, bringing rapid growth and progress of the global economy, it also derived many industries based on Internet technology. Blockchain technology is also an innovative technology. It should not be isolated from the existing world. It should not be thrown away from such mature billion-level assets to re-create a completely new trading market. Blockchain should be used to create more space for development of assets and objects in the real world to break down various bottlenecks that cannot be solved by the Internet alone.

It is foreseeable that with the tokenization of various high-quality assets in the world in 2019, it will bring a large number of users and assets to the blockchain technology and cryptocurrency market, bringing a small bull market to the whole "chain circle" and "crypto circle".

Media Contact
Company Name: GDP Foundation
Contact Person: Faye Lee
Email: Send Email
Country: Singapore
Website: www.mercurity.com



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