IRON

IRON is well suited for an asset backed token.  As can be seen from the table, both IRON and COPPER have annual production in the $100-300 Billion range annually on a global basis.  However, financial bets on these GDP growth bets are very different. Whereas Copper financial bets are $ 13,000 Billion annually,  Iron financial bets are only $3 Billion.  The difference is probably due to the fact that iron rusts and has a lower value pr. ton.  These facts creates a fantastic opportunity for investors, if a trusted IRON asset backed token is created.

For more information, check out our partner Element.