In 2021, the top three commodity-backed tokens

AABBG is a gold-backed token that is backed by a minimum of 0.1 gram of gold spot pricing.


The AGX token is backed by silver, with the goal of converting the commodity into a useful currency.


The Venezuelan Petro is an oil-backed cryptocurrency with a high upside potential in 2021.


In 2021, the top three commodity-backed tokens


The drawbacks of cryptocurrencies sometimes appear to outnumber their benefits. This is especially true in light of the present market situation, in which Bitcoin's value plummeted in response to statements from "crypto king" Elon Musk, decreasing the value of most major altcoins.


At a time when crypto market volatility is discouraging investors from trading, a newer, more stable asset is gaining traction. Stablecoins are cryptocurrencies that are backed by tangible assets. Tether, the crypto linked to the US dollar, is the most well-known of these.


Further progress, on the other hand, resulted in an even superior technology that was immune to inflationary fears.


Commodity-backed cryptocurrencies are all the rage these days, and they're a great way to distribute risk and diversify investor portfolios. We've selected three of the most promising and will analyze them in this article.


The Gold Token of the AABB


This gold-backed token, brought to you by Asia Broadband, Inc., is unlike any other cryptocurrency. Its vertical integration of mine-to-token gold-backing is unique, ensuring that the coin is fully backed by the market value of gold.


AABBG is more of a hybrid cryptocurrency than a true stablecoin, although it does contain stablecoin characteristics such as being backed by a minimum of 0.1 grams gold spot price. The price of the token rises in tandem with the price of gold.


AGX Token (Silver)


The AGX Silver token is managed by silver aficionados who believe the metal has the potential to become a truly worldwide native currency. The LODE silver community is backing the coin, with the goal of turning the world's idle silver into active currency. Silver holders can, in fact, trade their unused actual silver for LODE tokens and get regular dividends.


In the case of AGX, however, retail investors can utilize it to invest in the fundamental worth of silver and its future increase potential, without having to worry about inflation. This coin is based on the idea that gold is the currency of rulers, but silver is the currency of the people. AGX is poised to have a prominent position in the crypto market occupied by commodity-backed currencies other than gold.


Petro is a petroleum product.


The Petro cryptocurrency, which was launched by the Venezuelan government in 2018, is backed by the world's strongest commodity. Petro is a cryptocurrency that was created to turn Venezuela's oil resources into a digital asset that may dodge sanctions.


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Although the token has failed in the past, the volatility of the market in 2021 presents it with a big possibility to make a comeback.


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