When people lose confidence in fiat money, they buy gold to secure their assets. Gold pays no interest and lives only on people's trust that it will always have value. Another important argument for gold is its natural scarcity. However, gold was not designed as a crisis currency and took on this function more by chance. In fact, it is just a beautiful precious metal that is mainly used to make jewelry.
An overview of the main crisis currencies
For many centuries, gold has enjoyed great trust as a crisis currency. Demand for gold increases particularly in times of crisis and the price rises.
Gold synthesis
Gold can already be produced synthetically using gold synthesis. There are two ways to do this: converting base metals into gold using a particle accelerator or irradiating mercury or platinum in a nuclear reactor. These are very complex and expensive processes that are significantly more expensive than conventional gold extraction. But what happens if one day it is possible to produce gold synthetically and cheaply? The answer is simple: The gold price would immediately lose value dramatically, as the natural scarcity of gold would no longer exist. It would lead to panic selling and no one would be willing to pay a high price for gold.
Cryptocurrencies are establishing themselves as crisis currencies
Cryptocurrencies are becoming more and more established as crisis currencies and an increase in demand for cryptocurrencies can be observed in times of crisis. Bitcoin is perceived as a crisis currency in particular. Bitcoin has three main parallels to gold: It is a scarce commodity, was not actually designed as a crisis currency and both have currently very high prices.
CCTOK was designed as a pure crisis currency - Crysis Currency Token
In comparison to existing crisis currencies, CCTOK was designed exclusively as a digital crypto crisis currency. CCTOK serves exclusively as a crisis currency and is perceived as such on the market. With increasing attention, CCTOK will build an image as a digital crisis currency and establish itself as such on the market. The Global Crisis Index GCI serves as a fact-based foundation. CCTOK is also strictly limited and a scare commodity. Gold and Bitcoin currently have already a very high price and nobody knows when the next price collapse will come. CCTOK starts from a very low price and therefore has a high price increase potential.
All of this makes CCTOK an alternative crisis currency that can benefit from very high profit potential, especially if bought early (“early bird effect”).
