• Albany Flores

DTV Coin: the return of gold backed money

Updated: May 4

At the end of the 19th century, banking was still rudimentary and financial systems were weak and unequal. To balance markets and limit monetary issuance, the gold standard was introduced from 1870 onwards, a system that ensured that the money issued by a government was directly proportional to the amount of gold it held.

The method worked until World War I, when warring states found it necessary to issue more money than they could back, and the United States printed huge quantities of dollars to lend to weakened European economies in exchange for their gold.

Later, in 1944, the great powers signed the Bretton Woods agreements, a pact in which they fixed their currencies in relation to the dollar and the United States undertook to issue the dollar in relation to gold.

But in 1970 France began to return the U.S. dollars and to recover its gold, so the United States broke the pact and began to issue money with no other backing than the law and social consensus. Thus the gold standard died and fiat money, i.e. money without backing, was born.

However, the 21st century seems to demand a financial model that generates stability, security and confidence for investors and markets. Cryptocurrencies such as Bitcoin, Ethereum, DTV and others are featured in this space.

But while gold and silver are precious metals, it is difficult to find investors under 40 who want to store their wealth in this cumbersome and burdensome way. Instead, in a world of shifting politics and global Internet access, storing wealth in digital code-rather than in bulky metals or cash of diminishing value-makes much more sense.

It is a new Bretton Woods for the digital economy that will allow for greater equity in the world's economic processes and, perhaps, as global financial leader Credit Suisse states, "create a new economic order led by cryptoassets."

DTV (our cryptocurrency created with Blockchain technology that enables a high number of transactions, security and return on investments) is a token backed by smart contracts (NFT) generated in DelNorte's technology ecosystem.

NFT certificates are backed by real assets digitized by our platform (properties, assets, governments and minerals). Therefore, DTV is a unique utility token backed directly by our ecosystem and indirectly by real assets digitized by our platform.

DTV is used as a fuel source to power our platform and is burned (destroyed) when an NFT ownership change occurs.

In addition, our platform allows accessing and processing NFT certificates from different application groups (together or individually) and its system ensures higher profits for the parties involved.

"The smart contract will pay a commission to the token holder and a transaction fee to DelNorte Holdings Inc. at the time of the asset sale. It will also pay broker commission and legal fees, as well as government fees in registration fees and taxes."

DTV will soon be available internationally and, according to our CTO, Yuriy Chudinov, once listed, it can be freely acquired from anywhere in the world.

It can also be acquired by performing some financial activities on our platform, such as luring or transacting to receive a referral fee or cashback; long-term coin stacking to get a percentage of your current balance in DTV tokens; or smart mining (active stacking) to mine coins in a growing business and receive a percentage of your token deposit for every $1,000 in transactions.

On the other hand, the value of the token will be determined "by investment in the market and the greed/fear indicator; by the presence of market shortfalls due to the deflationary model and the growth of traditional commercial transactions on the DelNorte platform; and by the platform's software architecture that provides constant resiliency of services with increasing load on the system."

With the launch of our token we hope to allay the fears of traders looking to invest in cryptoassets, as well as contribute to the orderly digital financial system, the easing of inflation, and the stability, security and utility of digital currencies.

DTV is already here.