Almeela Whitepaper

Most of the crypto currencies have been far better stores a value than fiat currencies during the few years that they have existed. However, they are so speculative in price that they cannot be used as units of account. Most goods continue to be priced in fiat money. Gold is so valuable that it cannot be subdivided into small enough partsfor use in everyday transactions. Most transactions today are conducted digitally, and physical gold cannot be used directly. The only solution of this problem is a crypto currency which is backed by gold and could be divided into decimals.The Almeela token is a blockchain-based decentralized funding platform(Almee Up) for high tech projects that is backed by physical gold.Almeela is based on the Ethereum blockchain protocol which is secure, and cost effective way to utilise gold as an asset.It enables the transformation of physical gold into a modern digital asset, making it the perfect medium to record and transfer ownership by using smart contract. Its being indexed to gold also guarantees that the price stays above a certain level.

The Almeela is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium. Gold that can be digitally traded. So the gold return to our real life again. You’ll have full ownership of your gold and it will be stored in our gold refinery. Investors will be able to trade Almeela with realtime pricing 24/7, 365 days a year, by using our mobile wallet. Almeela is the best alternative way to invest in and trade physical gold. On this count, Almeela’s value is determined not by speculative price movements but by supply and demand on the market.

The Almeela. Therefore, it is safe, cost-efficient and fast, and allows for The Almeela can be transferred borderless, cost-efficiently, securely and in real-time. Its value is predictable because the value of gold has a long tradition, and everybody has an idea about its stability. Therefore, the Almeela can become generally accepted.

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Almeela Whitepaper