Tiberius Group delays the start stablon with reference to a basket of metals until December

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Tiberius Group delays the start stablon with reference to a basket of metals until December

Rare week and even a day goes by without news about another project stablon. Today’s reason is perhaps not the most typical. Start stablon with reference to a basket of exchange traded metals postponed until Dec.

Tiberius, the Swiss Group AG reported that it was forced to take this step because of problems with the banks. More precisely, with the commissions of banks and issuers of plastic cards, which were for a Swiss company unexpectedly high.

Tiberius Group claims it has received orders for more than $15 million, however, the “restrictions” imposed by the operators of plastic cards, not allowed to run the project on the promised date, i.e. 1 October.

“Currently, we invest in the development of our platform, improve it and are in talks with leading issuers of plastic cards with the purpose to conclude agreements on servicing our customers,” says the company.

All investors have already transferred the funds but have not received your coins, promised to return the money within 30 days.

We can only hope that the negotiations will bring tangible results, since the project was announced at least unusual.

As reported Hash#Telegraph earlier, Tiberius Coin promised to be tied to the cost of copper, aluminum, Nickel, cobalt, tin, gold and platinum. The specific gravity of the metals included in the basket is visible in the photo. Tiberius was sold at a price of €0,7. The minimum purchase amount is €100. It was planned that from 1 November 2018 new digital asset to be traded on the Estonian stock exchange Latoken.

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