ISKT (ISKT)

Rafkrona (ISKT), with the ticker ISKT, is a stablecoin issued by the Icelandic Cryptocurrency Fund. It is backed by the Icelandic krona (ISK) at a 1:1 ratio. For every ISKT in circulation, there is one ISK held in the reserve of the Icelandic Cryptocurrency Fund. The fund has obtained registration as a virtual currency service provider. It is subject to oversight by the Central Bank of Iceland under the laws on measures against money laundering and the financing of terrorism.

Rafkrona aims to provide its users with fast, low-cost, and secure services. Transactions are processed within seconds, and international bank transfers have no lengthy waiting times. Mintum, the platform that operates Rafkrona, offers a wide range of cryptocurrencies for trading, allowing users to access hundreds of tokens beyond just Bitcoin and Ethereum. With Mintum, users can easily convert Icelandic krona into Rafkrona and vice versa at a low fee of 0.5% and a withdrawal fee of 195 krona.

Rafkrona (ISKT) is closely tied to liquidity pools and the OpenBook exchange. Users can swap their ISKT for other cryptocurrencies directly on the Mintum platform, ensuring the most cost-effective and efficient trading experience. In addition, by depositing their Rafkrona into liquidity pools, investors can earn returns instead of paying excessive fees for converting between different tokens. Mintum prioritizes security and offers various multi-factor authentication methods, including digital identification and multi-factor password access, to ensure the safety of user accounts.