Shares of Norilsk Nickel, which tokenize …


10% Dividend, Growing, Moat and Huge Safety – Norilsk Nickel

Shares of Norilsk Nickel, which tokenize ...

Shares of Norilsk Nickel, which tokenizes the metal, increased in price

  • Chapter "Norilsk Nickel" recognized as the richest man in Russia

  • The company is going to tokenize metals and launch its own blockchain platform

  • Tokenized diamonds, metals, real estate and fish. Business goes digital

International consortium of news organizations developing transparency standards.

The fortune of the head of Norilsk Nickel, Vladimir Potanin, was $ 24 billion, and the businessman himself was recognized as the richest man in Russia according to Forbes magazine.

Quarantine plays into the hands of Norilsk Nickel

The introduction of quarantine restrictions and a ban on the import of metal into the country contributed to the development of the domestic market. Since the quarantine period, Norilsk Nickel significantly increased sales of finished metal, and the company’s shares rose by 1%, reaching 20,172 rubles per share.

Let us remind you that Norilsk Nickel is one of the largest producers of non-ferrous metals. Last year, the company announced the creation of its own platform that will allow tokenize metals. In particular, Norilsk Nickel intends to launch the world’s first token. As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More, which will be backed up by the value of a specific metal.

Specialists have already developed the Atomyze platform based on the Hyperledger Fabric blockchain technology. The platform has passed testing and approbation in the “sandbox” of the Central Bank of Russia and received many positive responses. Atomyze technology is based on a distributed ledger that allows physical assets, in particular metals, to be digitalized, and accelerates the trading process through fast (instant) processing of data. President of PJSC MMC Norilsk Nickel Vladimir Potanin previously reported that the introduction of a blockchain platform and the issuance of tokens, backed by the cost of metal, will allow the company to sell 20% of all manufactured products. With the help of tokenization, Norilsk Nickel is going to solve two global problems: to reduce administrative costs and track materials throughout the supply chain, as well as to improve customer relations.

The second step towards the implementation of Norilsk Nickel’s idea, which consists in transferring existing business relations into a digital modern format, will be the issuance of its own tokens. The coins will be issued in limited quantities and carefully monitored. The price of each Norilsk Nickel token will be backed by a specific metal. The first stage will generate tokens backed by palladium, cobalt and copper. And later the company will issue tokens, which will be backed by other metals..

Tokenized diamonds, fish and real estate

Norilsk Nickel intends to become pioneers in the field of tokenized metals. Today the market already has tokenized diamonds, real estate and even … sardines.

Shares of Norilsk Nickel, which tokenize ...

BeInCrypto previously reported that ShapeShift is launching tokenized diamond trading that will be available on the OpenSea platform. It is the first company in the world to digitize the gem trade. Up to this point, attempts to do this have failed. In order to organize the tokenized trade in diamonds, a number of necessary measures were taken, such as labeling, certification and others. Before being marked, all diamonds are certified by the Gemological Institute of America (GIA) and then sent to the Gemstone Certification and Certification Laboratory (GCal), which verifies the GIA certificate and provides a guarantee.

A similar business model was decided by a Luxembourg-based startup that produces canned sardines. My Sardines intends to release its own stablecoin, the value of which is supported by a stock of sardines and canned food.

One Sard2020 token will be equated to one can of 2020 vintage sardines. Token holders can exchange them for canned fish. Also, participation in the ICO does not provide for the redemption of tokens for cash. You can exchange stablecoins for banks of sardines in the next 10 years.


All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

Similar articles