VIP$ Coin (VIP$), the Blockchain Cryptocurrency, backed by $3.6T worth of land, energy and other mineral assets1, has listed on its first exchange, Coinsbit, trading at $8,500 per coin.
Started in 2021, VIP$ Coin launched with the intention of providing a secure future investment for experienced and beginner cryptocurrency traders without the inherent risk that comes with traditional speculative currencies like Bitcoin and Ethereum.
Unlike a stable coin that’s pegged to an asset with a fixed number of assets, VIP$ Coin is pegged to a portfolio of natural resources that, due to its nature as a growing catalogue, can increase in value as more assets are added, increasing the value of the coin. As such it provides strong income opportunities and future tradability.
Alongside the security of future investments, VIP$ Coin actively champions humanitarian and environmental causes. Much of the land that contributes to the asset catalogue is owned by Native American tribes and as part of the agreements, are protected from future extraction. To secure these asset leases, the Native American tribes are provided with a percentage of the initial coin distribution to help their local communities and protect the land, and are in turn, rewarded as the coins value increases.
Unlike many Cryptocurrencies, VIP$ Coin has already been created as tokens on the TRON platform without the need for crypto mining. This means there will be no adverse impact to the environmental, often associated with traditional Cryptocurrencies.
The partnerships will see a portion of the sales value from the initial sale of the founders VIP$ Coin spread between three key areas: Education, Qualification and Employment. The purpose being focussed on improving the future welfare of citizens around the world by providing them with the tools to learn, find jobs and in turn improve lives, not just for themselves but the wider community also.
Chris Brice, Co-Founder of VIP$ Coin said the listing demonstrates the team’s commitment to creating an ethical cryptocurrency that can become a tradeable currency: “Since we began the process of creating VIP$ Coin, our aim has been to list the coin on a reputable exchange to allow our investors to trade the coin and in turn boost the revenues and profit shares to our humanitarian partners.
“This listing has allowed us to realise that aim and means we can take the next step towards supporting the causes at the root of the coins purpose, supporting education, qualification and employability. We’re looking forward to seeing how the investor community react to the news.”