Fully Backed Stablecoin
How is Tied Backed
Every Tied coin is backed by one Japanese Yen. All funds are held in an escrow account with a tier one international bank. The one to one backing ensures the coin price reflects the price of the underlying fiat currency.
Where is the money held
The Japanese Yen backing the Tied Coin is held in a designated bank account at a tier one international bank. We will publish a periodic statement of account as well as a link to the blockchain address responsible for issuing all Tied coins, providing a high level of comfort and security for coin holders.
The Japanese funds are locked and not able to be dealt with unless for the purposes of redemption and cancellation of the coins.