MaterialMind
33 minutes ago
As for tokens being backed by gold, we start with 1000 kg = 15,432,358 grains. or 15,432,358 / 0.6 = 25.7M tokens are potentially covered 60% by gold.
Which also means that the 76M SIRI that we own are NOT covered by 60% gold.
How is this possible? If at least 40% coverage is a require