Algorand
$0.83544 4.42%
ALGO · 4w

Brainstorming about the potential to back cryptocurrencies with metals

Saw a poster the other day claim that Algorand would be backed by Palladium, and when I asked for source he ended up deleting it. Obviously an unverified claim, however I have heard this topic of crypto potentially being backed up by metals before. It got me thinking though, what would the landscape look like if a cryptocurrency DID back itself with a precious metal? Has the Algorand Foundation discussed this topic before? What if Algorand did back the Algo with Palladium as an example? Share you thoughts.
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