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Which country issues PPC coins? Is PPC coin worth hoarding for a long time?

PPC coins offer a unique investment opportunity, backed by physical assets and potentially offering value appreciation if precious metal markets are strong and demand for the coins is high.

Oct 13, 2024 at 08:17 am

1. Countries Issuing PPC Coins

Proof of Physical Coins (PPCs) are a subset of Proof of Work (PoW) cryptocurrencies that are backed by physical assets, typically metal or precious stones. Currently, there are only a handful of countries that issue PPC coins:

Canada: BullionCoin International offers a range of redeemable gold and silver PPC coins.
Ukraine: Kasta Gold issues gold-backed PPC coins called "Cryptobullions."
Malta: Denaro Labs mints physical gold coins (Crypto Coins) redeemable for cryptocurrency.
Japan: Seibu Precious Metals and Forestry Agency issues silver-backed "KANADE" PPC coins.

2. Is PPC Coin Worth Hoarding for a Long Time?

The value of PPC coins depends on various factors, including:

Underlying asset: The value of the precious metal backing the coin.
Scarcity: The number of coins issued and the demand for them.
Cryptocurrency market: The performance of cryptocurrencies in general.
Security: The trustworthiness of the issuing company and the storage arrangements.

Hoarding PPC coins for a long time can be a valid investment strategy if:

Precious metal market is strong: PPC coins are backed by physical assets, so their value is tied to the price of the underlying asset.
Demand is high: If there is a high demand for PPC coins, their value is likely to appreciate.
Cryptocurrency market is bullish: When cryptocurrencies are performing well, PPC coins may experience a boost in value.

However, there are also risks associated with hoarding PPC coins:

Storage cost: Storing physical coins can incur costs for security, insurance, and handling.
Liquidity: PPC coins may not be as liquid as other cryptocurrencies, making it difficult to sell them quickly at a fair price.
Counterfeit risk: Buying PPC coins from an unreliable source increases the risk of counterfeit coins.

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