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MetalZoom.Energy has announced the creation of the world’s first Crypto Metal Exchange. This Exchange will provide a platform for miners to auction physical metal to global consumers without any interference. “The blockchain technology ensures zero corruption and results in untampered supply and demand forces to play out transparently,” explains Marc Ward, founder of MetalZoom.Energy.

New Crypto Metal Exchange to be launchedWard believes that the current markets are rigged by algorithmic dictates causing the price of precious metals to be controlled. “I see it as a closed-loop algorithm that announces the prices continuously throughout the day across all futures markets and humans in brokerage firms reacting to the change in prices. As it is a closed-loop no one can overwhelm this pricing mechanism,” he says.

MetalZoom.Energy aims to disrupt this system by using open source Linux Hyperledger Fabric blockchain to enable open bid auctions of Cryptocurrency for metal delivery. According to Ward, the futures exchange settles in debt currency instead of metal delivery. MetalZoom.Energy plans to have metal ready for delivery, enabling consumers and investors to bid for that metal delivery with Cryptocurrencies across a transparent yet private blockchain framework.

MetalZoom.Energy also plans to add Crypto Metal Mining to its offering, enabling miners to initiate a mine to produce metal. Those who acquire these Metal Delivery contracts will fund the miners directly via smart contracts with Cryptocurrency payouts and expect delivery of the metal extracted by the miners via the MetalZoom delivery services.

The company has received endorsements from industry players such as Bill Murphy, Chairman of GATA (Gold Ant-trust Action Committee) and Craig Hemke (Turd Ferguson of TF Metals Report).

Ward is embarking on a South African tour to promote MetalZoom.Energy to the local crypto community and convince miners to offer their metal for auction on the Crypto Metal Exchange. He will be the keynote speaker at a business breakfast on Thursday 19 October 2017 being held at the Wanderers Golf Club in Sandton, hosted by Mail & Guardian, before moving onto Cape Town where he will be attending several events.

Ward’s full itinerary is available on www.MetalZoom.energy.

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