The digital domain has become an integral part of our daily lives. It has brought investments closer to citizens, as they have become simpler and more accessible. Consequently, financial instruments such as stocks, bonds, mutual funds and ETFs have undergone rapid digital transformation.
The landscape has evolved with the advent of the blockchain which heralds a new era of digital investments: crypto-assets. Cryptocurrencies originated in 2009 with bitcoin, the world’s first decentralized peer-to-peer currency. While the basic idea behind bitcoin was to establish a safe and anonymous mechanism to transfer funds, people also recognized its potential as a store of value. Crypto-assets are growing rapidly and have reached a market valuation of more than $1.03 trillion in about twelve years. The industry even recorded a historic record of $3 trillion in November 2021.
After an initial boom that saw Ethereum and its smart contract platform rival bitcoin in popularity, other cryptocurrencies (altcoins) began to flood the market massively, offering security, exponential industry growth, outsized returns, inflation hedging and portfolio diversification. While crypto has grown in popularity as a digital investment, some overlook the utility and purpose factors, which have caught the attention of many.
More than just a digital investment
Unlike traditional stocks, holding cryptoassets offers real utility: individuals can stake their tokens for rewards, as well as engage in yield farming to earn lucrative interest rates, governance, and even effectively solve real world problems. The rarest and most valuable combination, however, is a cryptocurrency with utility, a solid purpose, and the potential to be a reliable investment. The Nature’s Vault Legacy Token ticks all of these boxes.
nature vault is a fintech-slash-greentech company that symbolizes and monetizes the preservation of underground gold deposits. The company’s goal is to facilitate ESG impact and natural capital investment, offering new ways to invest in the future of our planet through various projects, starting with Legacy Token. The token not only serves a purpose, but also provides utilities to holders, such as the ability to stake it to earn returns and vote on governance.
Legacy: the token with a purpose
As the primary utility of the token is the preservation of underground gold deposits, each Legacy token is backed by the preservation of at least 1/100th of a gram of gold in the ground. Nature’s Vault acquires the mineral rights for deposits located in pristine environments vulnerable to mining and undertakes never to extract gold from these deposits. In the process, they also protect these environments from mining by other parties. The first deposit acquired by Nature’s Vault is near Pistol Lake in Canada and covers over 150,000 ounces of gold.
With Legacy Token, underground gold tokenization aims to provide an alternative to traditional gold investments that require gold mining at significant environmental cost. Legacy Token offers the benefits of investing in gold but without the environmental damage of gold mining, providing an incentive to avoid mining as a sound financial investment. Token holders can consider Legacy Token as an eco-friendly way to diversify their investment portfolio. It is even possible that in the near future, carbon credits will be generated by avoiding mining, and these credits could be distributed to Legacy Token holders. Legacy Token therefore provides ESG investment opportunities for individual and institutional token holders, while also contributing to safeguarding the Earth’s natural capital and helping to mitigate climate change.
Another interesting feature of Legacy Token as an investment is Nature’s Vault’s mine acquisition program. The aforementioned deposit near Pistol Lake contains 150,000 ounces of gold, but Nature’s Vault is committed to preserving at least an additional 850,000 ounces of gold through the acquisition of additional deposits. The company’s goal is to commit to preserving at least one million ounces of gold, in which case each Legacy Token would be backed by approximately six times the amount of gold preserved from the time of launch.
Fueling the Future of Investments with Utilities
The world is transitioning from traditional methods of investing into the digital age of engagements. Investments that were once difficult to visualize, explain and elicit emotions are now simple to understand. Also, using blockchain technology to facilitate the creation of cryptocurrencies which is the future of digital investments.
With tokens like Legacy serving a purpose while providing utility, crypto is undoubtedly poised to be the next best thing in digital investments. It’s time for the world to embrace crypto en masseespecially those who promote a greater cause for the betterment of mankind.