Overview :

Tiberius has been a leading global commodities asset manager, mining operator, metal merchant and Commodities Technology (ComTech) investor based in Zug, Switzerland for over a decade

Tiberius’ asset management division is regulated and licensed by FINMA (Switzerland) and the SEC (USA)

The tiberius coin has intrinsic value because it’s backed by physically deliverable metals. We are creating a more secure and decentralized asset to help protect your wealth

A cryptocurrency backed by physical commodities is a natural extension of our existing business and builds on our core competencies

What is Tiberius Coin?

Tiberius Coin is a coin linked to metals themselves rather than a fiat currency. The coin was created as a “stabilizing force” in an industry rife with volatility. The token itself is redeemable for physically deliverable metal meant to give it a price floor. Tiberius coin contains 3 different classes of metals

Technology Metals:

metals essential to building computers and modern technology

Tin: 14%
Copper: 23%

Electric Vehicle:

Metals needed to build electric cars and batteries

Cobalt: 10%
Aluminium: 7%
Nickel: 11%

Stability Metals:

Precious metals proven to be stable over time to create a price floor against Tariffs and trade wars.

Gold: 17%
Palladium: 13%
Platinum: 6%

While the tokenization of commodities itself is a relatively new concept, the underlying commodities are not. Diversified commodities funds have existed for hundreds of years and are the principal financial product of the Tiberius Group which is the firm behind the coin. The group also brings with it some legitimacy having been around since 2005 and managing around $300 million. This differentiates it from some other crypto commodity plays such as GoldMint and Digix which performed very well during ICOs but had little to no financial services background.

The firm hopes that by 2020 it can replace tether as an asset-backed token. This is not entirely unfeasible given the cryptocurrency ecosystems inherent distrust of fiat currencies. What is unclear is whether or not this funds vision will be dampened by the idea of Bitcoin being the new gold. One thing is for sure, I’m excited to see what else Zimmerman does in this space.

Tiberius Coin Physical Metal-Backed Cryptocurrency Token Features:

Secure:

Tiberius Coin offers blockchain-based security. Placing the digital asset on the blockchain means there’s no risk of double spending. Trust and delivery is decentralized. Once you have a digital Tiberius Coin token, that token will not disappear for reasons outside your control.
Smart Contracts:

Tiberius Coin uses smart contracts for all transactions. Smart contracts are used to decentralize trust during the delivery process, allowing Tiberius Coin to be traded like a secure type of digital cash.
Backed By Real, Physical Metals:

Tiberius Coin decentralizes trust of the delivery of the physical metals as well. Tiberius has partnered with independent exchanges. All metal is stored in a third party network of 600+ warehouses across Asia, Europe, and North and South America. The metal is always fully collateralized and waiting to be claimed by Tiberius Coin holders.
Convert Metals Instantly:

At any time, a Tiberius Coin holder can convert their coin into a basket of precious metals by delivering it back to Tiberius via smart contract. The third party holder – the metal storage facility – will then release the securitized ownership documents (called “warrants”). Tiberius Coin claims to have partnered with some of Europe’s best and largest commodities exchanges to ensure customers can enjoy the best and most efficient withdrawal process.

What About Warehouse Fees?

One of the big problems with asset-backed cryptocurrencies is that there are always fees associated with these currencies. Nobody is going to store $2 billion USD in cash in a reserve fund without expecting something in return, for example, and watching their money get chipped away by inflation. At the same time, no company is going to store metals for free.

So how does Tiberius Coin solve the warehouse fees issue?

The Tiberius Coin whitepaper specifically addresses this issue, stating that warehouse fees for the first year will be paid up front at new issuance. The company estimates that storage fees will be less than 2% per year, which is below the cost of inflation in most developed economies.

The company will also take action to maintain steady warehouse fee charges over time:

“Warehouse fee charges will be optimised to prevent noticeable changes to token prices, and more frequent charging of storage fees (closer to being continuous) will be implemented later upon further technological developments to the underlying token.”

Who’s Behind Tiberius Coin?

Tiberius Coin was created by a Switzerland-based company called Tiberius. That company has been a leading global commodities asset manager, mining operator, metal merchant, and commodities technology (ComTech) investor based in Zug, Switzerland for over a decade.

The company’s asset management division is regulated and licensed by FINMA (a Swiss financial regulatory authority) and the SEC (America’s leading financial regulation authority).

Key members of the team include Christoph Eibl (CEO), Philip R. Zimmermann (Chief Scientist and Security Officer), Rafael Torreblanca (Chief Marketing Officer), Giuseppe Rapallo (Chief Operating Officer), Nicholas Cutler (Chief Technology Officer), Simon Rahme (Head of Development), Alejandro V. Betancourt (Chief Strategy Officer), Darian Pizem (Chief Digital Officer), and Thomas Gustinis (Chief Business Development Officer).

Tiberius Asset Management was formed in 2005. The company began trading metals in 2010, then launched a mining operation in 2012. They launched the crypto aspect of their company in 2017, publishing their Tiberius Coin whitepaper in December 2017. Now, they’re seeking to launch their Tiberius Coin ICO in April 2018.

The cryptocurrency division is officially organized under the name Tiberius Crypto AG, which is a part of Tiberius Group AG. Both are registered in Zug (Crypto Valley), Switzerland.

Tiberius Coin ICO Details :

The Tiberius Coin ICO begins with a pre-sale from April 18 to June 18, 2018. There’s also a pre-ICO scheduled to take place from July 1 to July 29, followed by the main ICO from September 10 to October 10.

Conclusion :

Tiberius Coin aims to create a new stablecoin that’s superior to Tether and similar options. That stable coin would be backed by a basket of metals – including practical metals used in electric vehicle manufacturing, electronics manufacturing, and other industries. Tiberius Coin holders can claim those metals at any time.