Unlocking the True Value: The Ruby and FIX00's Crypto Revolution

Welcome to the FIX00 blog, where we delve into the intriguing world of our groundbreaking offering, explore investment market updates, and share insightful crypto commentary. Today, let's start at the heart of our unique proposition – The Ruby.

Gems, the original definition of collectibles and stores of value throughout history, take center stage in our venture. Specifically, the Ruby, a subject extensively discussed in our Whitepaper and appraiser's meticulous examination across 27 pages in the appendix.

Now, let's look at this from another perspective – the baser side, if you will. What's the Ruby worth? To paraphrase Bored Ape Yacht Club, determining a Ruby's overall value or rarity is inherently subjective, steering clear of explicit value propositions to avoid regulatory concerns.

Rubies, commanding higher prices per carat than most gemstones, are truly unique in their worth. The most expensive ruby ever sold reached a staggering USD$1.18 million per carat. Our Ruby, appraised at US$290 million, is securely held in a Citibank vault and insured for that very amount, adding weight to its appraisal value.

However, an appraisal is just a view, and gems of this magnitude seldom trade publicly. What we show is that the depository has insured the Ruby for its appraisal value, reinforcing its credibility.

Now, let's address risks and how we mitigate them:

1) High Costs and Fees: Insurance and annual depository fees can burden the owner, but for FIX00 token holders and participants in our NFT issuance, we absorb these costs.

2) Counterfeits and Frauds: We offer transparent verification through links on our website, with independent annual valuations and audits to ensure authenticity.

3) Security & Breakage: The asset is secured in a depository with perpetual insurance, mitigating these risks at our expense.

4) Lack of Liquidity, Market & Volatility: Traditional markets for collectibles can be challenging. FIX00 transforms this by fractionalizing the asset through NFTs, creating an open, transparent market accessible to all.

By bringing collectibles into the digital realm, we not only enhance market accessibility but also provide a quantum leap forward in transparency and affordability. Our crypto-based solution revolutionizes existing practices, offering open markets, fair access, and the opportunity for a functioning, deep market reflecting true value.

In the crypto-verse, we find the means to manage and value assets independently. Our products, our markets, our way – a step towards perfection in a world of imperfections.

Stay tuned for more insights and discussions on our journey of innovation and transformation in the world of digital assets.

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