Asset-Backed Token - is nothing but a result of fusion of two different word products. The virtual world cryptocurrency token is pegged with the real-world asset like fiat, gold, silver or others. This asset-backed token is very famous in the real-estate platform and its broadly known as real-estate tokenization or asset tokenization. This asset-backed token is also used to enhance the asset safety and security alongside grabbing some profit. To create asset-backed token with your own with smart contract, approach TheTokenLauncher.
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