At the same time, CUC is still an opportunity for mid and long-term investment, as most investors see it. According to current statistics, I believe that up to 10% of our pre-sale customers will sell CUC at these levels who look at this investment in the short term. Some of them probably want to return to BTC and ETH as they have been down more than 65%. “I’m not surprised by the selling pressure from pre-sale buyers who were buying CUC at $10 in Oct/Nov 2021 with Bitcoin and Ethereum at ATH (All-time-high) prices. With an asset value of as much as 200 USDT behind one CUC, the Cuprum Coin team sees it as an excellent opportunity to buy and hold for the long term, given that it is trading at only 3% of that value. Given that buyers from the IEO offer joined the placement and buyers from the pre-sale two days later, the price dropped to 10 USDT, and a few days later even to 5 USDT.ĬUC has been trading between 5 and 6 USDT for the past few days. This was followed by a secondary listing on the Bitforex exchange only one day later on August 16 and on the WhiteBIT exchange on August 22nd. Although it was planned to place the IEO on four exchanges, due to the launch delay, the team decided to list the CUC IEO on only one exchange, at 15 USDT, and with the placement of 7 days, until August 15. launched its commodity-backed cryptocurrency, with an underlying asset in the form of ultrafine copper powder worth over US$60 Billion.Īfter a successful pre-sale in October/November 2021, when Cuprum Coin company sold all intended 250,000 CUCs at $10 for 1 CUC, the IEO followed on the Bitforex exchange on August 8. Due to the material costs and the incredibly difficult manufacturing process, ultra-fine copper powder is among the world's most valuable elements.Ĭuprum Coin is built on TEZOS, an ideal alternative platform for building eco-friendly blockchain applications as its Proof-of-Stake requires significantly less energy and cost to operate unlike Proof-of-Work blockchains like Bitcoin or Ethereum.On August 16/22, 2022, Cuprum Coin s.l.l.c. The company's goal is to ensure all investments in the marketplace are secured stores of value maintained for a long time. "With this agreement, the process of creating a common ultra-fine Copper powder marketplace, provided by blockchain-enabled cryptocurrency trading platform, has officially started," Mario Urlic, CEO and Cuprum Coin's founder, stated earlier this week. In July this year, the founder of Cuprum Coin signed the contract with the owner of a rare and highly valued ultra-fine Copper powder, worth over 60 billion US Dollars. The company claims the start of the pre-sales stage on September 15th and full ICO in the first half of 2022, upon all license and regulatory milestones are reached. has announced the launch of the new USD 60bn cryptocurrency commodity, backed with an underlying asset in the form of ultra-fine copper powder, the company said. Retrieved from īANKING AND CREDIT NEWS-September 15, 2021-Cuprum Coin to launch new cryptocurrency worth over USD 60bnĬuprum Coin s.l.l.c. APA style: Cuprum Coin to launch new cryptocurrency worth over USD 60bn.Cuprum Coin to launch new cryptocurrency worth over USD 60bn." Retrieved from MLA style: "Cuprum Coin to launch new cryptocurrency worth over USD 60bn." The Free Library.
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