New Token Seeks to Bring Transparency to Uranium Market
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Uranium-linked token Uranium3o8 (U) launched on Uniswap to create a spot market for buying and selling the regulated commodity.
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The tokens represent physical uranium backed by Canada-based uranium exploration firm Madison Metals.
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Buyers must pass compliance checks and buy a minimum 20,000 tokens to get physical uranium.
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The project has received interest for up to $10 million of orders from licensed uranium broker.
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Goal is to make uranium pricing more transparent compared to current opaque procurement process in the industry.