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"We are consistently acquiring additional gold assets to bolster the stability of META 1 Coin." Robert P Dunlap
BOCA RATON, January 12, 2021 /24-7PressRelease/ -- As Bitcoin plummeted over 20% in value in recent days, other major crypto coins were sent into a freefall as well that wiped away an estimated $200 billion from the entire cryptocurrency market. However, META 1 Coin not only maintained its position, but even slightly increased its value during the same period. META 1 Coin Trust also just purchased additional gold, increasing the size of its gold-backed assets that provide stability and encourage growth for this innovative digital currency.
According to META 1 Coin Trust Executive Trustee Robert P. Dunlap, "I am grateful that gold-backed META 1 Coin not only remained steady, but even experienced a slight bump up in recent days, while many non-backed crypto coins experienced a sharp downturn. We are consistently acquiring additional gold assets to bolster the stability of META 1 Coin, and the fact that we've seen numerous coin holders exchange their Bitcoin for META 1 Coin demonstrates the positive outlook for META 1 Coin moving forward."
META 1 Coin is unique among cryptocurrencies since it is an asset-backed digital coin, backed by gold reserves which provide greater stability and confidence among market participants. Unlike most popular cryptocurrencies which are not backed by any assets, META 1 Coin was designed to provide greater stability and growth potential with reduced potential for the volatility experienced by other non-backed digital coins.
The smart contracts embedded into META 1 Coin include a protocol that assigns the added value of newly acquired gold assets to the coin in gradual increments. This approach facilitates gradual growth and enhances stability. META 1 Coin Trust does not allow non-human entities, such as corporations and other institutions to purchase META 1 Coin since it was devised as a coin to further human abundance and freedom. This approach also limits high volume trading that often leads to major volatility in other cryptocurrencies, such as when institutions sell large holdings within short time periods and often cause coin values to plummet.
META 1 Coin Trust is also a social enterprise and its team is motivated by the goal of advancing freedom and abundance for humanity. There are countless options for large corporations to increase their wealth, while many individuals struggle within a system that is often stacked against their ability to rise above their socioeconomic status. META 1 Coin is therefore an effective tool to advance this important social mission.
The value of the most recently acquired gold assets will be gradually assigned to META 1 Coin in increments according to the coin's smart contracts. These assets are expected to facilitate growth in value of the digital coin, subject to market conditions.
About META 1 Coin:
META 1 Coin is an asset-backed cryptocurrency founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances human rights causes and promotes civil liberties.
For more information about META 1 Coin, visit: https://meta1.io/
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