Hey everyone,
I’m currently working with a project that has tokenized uranium. I want to see if there is an opportunity to collaborate with PancakeSwap and hear feedback on the project itself, which is called Uranium3o8.
Our goal is to democratize ownership of uranium by providing stability, value, and easier access to a commodity that is growing in importance.
As clean energy comes into focus, nuclear power has become a pillar of these efforts, driving a transformation in the uranium market with nearly two-dozen countries pledging to triple nuclear energy capacity by 2050. Spot uranium is up ~120% since the start of January 2023, and represents an uncorrelated asset with the potential to outperform other asset classes for the foreseeable future, according to Morgan Stanley.
The uranium market is unique from most other commodities, where it does not trade in commodity spot and futures markets like gold or copper (think COMEX or LME). This lack of an open spot and derivatives markets leads to inefficient pricing, where supply contracts are negotiated with undisclosed terms in OTC markets between utilities and institutional traders and the miners who supply the commodity. Basically, what this boils down to is that, if one wants to trade price exposure to uranium directly, you can’t obtain exposure like you can by trading gold or silver futures.
We aim to create a transparent, liquid uranium market that disintermediates third-party brokers and enables secure delivery of physical uranium for eligible participants, while also introducing a novel on-chain, tokenized Real-World Asset (RWA) for enhanced diversification.
We’re also building a market for perpetual swaps and other derivatives, responding to the absence of a such vehicles in the traditional uranium market. By utilizing the $U token, we seek to provide both long and short exposure through a variety of new products that enhance market liquidity.
I see countless opportunities for collaboration, please let me know your thoughts.
Here is our website, Twitter, and TG: