Tokens Prices
The Gold Standard
The VRO is backed by LBMA-Certified GoldSpot ingots. Set up in 1750, the London Bullion Market Association (LBMA) is an international regulator for gold and silver. Its purpose is to set, maintain and certify the highest refinery standards as well as controlling the use of gold and its ethical production. These LBMA-certified gold ingots mimic the international gold spot price.
The gold quotation
The quotation of the VRO is exactly the same as the quotation of GoldSpot (XAU-USD, XAU-EUR). These charts represent the Gold quotation, the BTC quotation, the ETH quotation in EUR and USD. The price of the VRO is equal to a gram of gold, divided by the price of the cryptocurrency you trade it with.
The cryptocurrencies
You can buy VRO with BTC and ETH. We chose them because of the reliability, integrity and popularity of their assets and blockchains. Bitcoin and Ether are both very volatile, and VeraOne allows you to buy a stable asset without having to leave the blockchain. No banks, no physical stores needed. We’ll transform your BTC and ETH for Gold in a matter of minutes. It’s more stable than cryptocurrencies, and more stable than FIAT currency over time.