MICOM

The gold market is enormous, which makes it one of the largest and most important financial markets in the world today. Given its size and liquidity, gold is clearly a monetary asset and an attractive alternate currency. The huge trading volume also explains why annual mining production (and its cost) is an irrelevant factor in gold's price formation (its equivalent changes hands in the global gold market during one trading day)... MICOM Coin is a stable coin, backed by raw materials, for making other goods. It's properly audited, transparent, and redeemable on the fly, really... There are still downsides to taking it with you and having it insured. Thanks to blockchain, we can have the best of both worlds: digital raw material to keep the most relevant and unique characteristics of the future prices of those products in our pocket.