Invention Application
- Patent Title: SYSTEM AND METHOD OF SECURING CRYPTOCURRENCY BY A PRECIOUS OBJECT
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Application No.: US17318035Application Date: 2021-05-12
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Publication No.: US20220366382A1Publication Date: 2022-11-17
- Inventor: Stanislav Kulyk
- Applicant: Stanislav Kulyk
- Applicant Address: PL Lublin
- Assignee: Stanislav Kulyk
- Current Assignee: Stanislav Kulyk
- Current Assignee Address: PL Lublin
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/36 ; G06T15/08

Abstract:
The present invention relates to a system and a method of securing cryptocurrency by a precious object, wherein the value of cryptocurrency is backed by the precious object. The system of present invention comprises a cryptocurrency issuer institution which owns the precious object, wherein the precious object is divided into a plurality of 3D fragments, each of which represented by one cryptocurrency coin, created by the cryptocurrency issuer institution. The main purpose of present invention is to allow any person including normal people with small savings, to invest in the precious object through the cryptocurrency. The system and method of the present invention address many substantial advantages over traditional way of investment.
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