Article Summary, Automatically Generated By AI
Summary of FIX00
- Purpose: Disrupt luxury auction-based markets (gems, fine art, jewelry, antiques) using crypto technology.
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Twofold approach:
- Bring asset-backed real-world collectibles to the crypto-verse in digital form, benefiting the average person.
- Offer an alternative, fully functional, deep, transparent, low-cost, and open market.
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Key features:
- Inclusive, public, and transparent market.
- Verifiable gemstones with an appraised value of $16bn, held in a secure depository, fully insured with a legal trust.
- Utility Token demonstrates
About FIX00
In the realm of decentralized finance, FIX00 emerges as a pioneering force, poised to revolutionize the landscape of cryptocurrency trading.
The project’s purpose is to leverage crypto technology to revolutionize the multi-billion dollar luxury auction-based markets, encompassing not only precious gems, but also exquisite fine art, opulent jewelry, and rare antiques.
The concept is twofold: firstly, to introduce a distinctive, effectively asset-backed, real-world collectible to the digital realm, thereby democratizing access to unique assets and enabling the average individual, not just the affluent, to partake in the benefits of ownership, appreciation, and protection that were previously inaccessible.
Secondly, to provide a viable alternative in the form of a fully functional, profoundly transparent, low-cost, and open market.
A market that embodies inclusivity, eschewing exclusivity. A public domain, devoid of private interests, and a beacon of transparency, shunning opacity. Here, real individuals are empowered to participate and reap the benefits.
FIX00 boasts a verifiable treasure trove of gemstones, comprising our proprietary assets, with an independently appraised value of $16 billion. These assets will be securely stored in a depository, fully insured and safeguarded by a legal trust, thereby precluding any potential sales, with all associated costs borne by us in perpetuity. This commitment is exemplified by our Utility Token.
We will subsequently reconfigure these assets into NFTs, presenting them in a fractionalized and finite format, thereby rendering them accessible and affordable to the masses, rather than being the exclusive domain of the elite.