A tokenized form of traditional commodities with established markets such as oil, gold, silver, natural gas, etc. The value proposition for this token is the digital equivalent of commodity futures: a futures contract in which the underlying is a commodity, primarily an agricultural product (coffee beans, wheat, corn, etc), metal (silver, gold, platinum, etc), or natural resource (oil, gas, etc). The first type of commodity futures is known as soft commodity futures, while the other is known as hard commodity futures.
Commodities tokens replicate the business logic of these futures on the blockchain, irrespective of delivery method: cash or physical. For example, a token backed by gold provides a less volatile and more liquid medium of exchange.
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