In the world of cryptocurrencies, people were always interested in physical objects – related to the virtual ones in some way. Whether these are coins, gold, paper wallets or even keychains, the interest has always been there.
In the case of IOTA, the interest was best seen through a Kickstarter project organized to mint physical coins. Surprisingly to many, the campaign got fully funded, putting the production of the physical IOTA completely in place.
Although most people may not necessarily see the benefit of a minted IOTA coin, this has many advantages. First of all, there will be a small amount of physical coins available only, which will be extremely collectible. This will make them hardly lose any value.
Also, minted IOTA coins make excellent gifts for friends and family who want to understand the concept of a cryptocurrency. This is why the Kickstarter campaign has been live and how it reached its funding goal ($16,000) in such short time.
On top of it all, the design of the physical IOTA coin is very interesting and features an engraved circuit board. Presently, there are always risks associated with backing any Kickstarter project, especially ones in the crypto world which are usually seen as ‘scams’. However, this one is certainly a promising project and a campaign that is interesting for a lot of people.
IOTA’s price has been surging lately which is even better for the development of the campaign. Currently, it is sitting at $4 with a 10% rise over the past couple of days.
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