ZrCoin (named after the element Zircon) is a commodity-based project that is backed by real-world production. This production exists as a scrap-processing centre for the industrial material Zircon. After the ICO, which used to raise funds, construction began on this factory and will be completed within 7 months. When investors purchase a ZrCoin, they essentially become a shareholder in this scrap factory and receive dividends. ZrCoin aims to be as transparent as possible, and 100% of an investors money will be returned when requested (in the form of money or physical Zircon). The ZrCoin blockchain will buy back at least $400,000 worth of ZrCoin every month.
ZrCoin (ZRC) is the Waves token that represents a share in the ZrCoin business and is backed by one kilogram of Zircon per coin.