What is Cuprum Coin?
Cuprum Coin is an emmy liquid PoS native blockchain, a commodity coin, built on forked Tezos.
CUC is backed by underlying assets in the form of ultrafine high purity copper powder, with the vision of creating a missing market for one of the most valuable elements in the world, through blockchain technology.
Cuprum Coin solves the problem of a missing market and opens the possibility of trading to small and private investors, as well as institutions, while until now this was only possible for privileged banks and the manufacturing and consumer industries.
For the purposes of the CUC project, 10,800 kg of ultrafine high purity copper powder worth over $30 billion is stored in a high security facility in Germany.
Cuprum Coin was founded in 2021, and it is named after the Latin name of today’s Cyprus (Cuprum), where large amounts of copper were mined in the time of Roman era. CUC bears the symbol Cu, the symbol of the chemical element copper, from which ultrafine high purity copper powder is produced.