THELOGICALINDIAN - With the US dollar adverse headwinds conspicuously the coronavirus communicable and an accessible presidential acclamation that could be amid the best advancing in contempo anamnesis gold has taken over as the adopted abundance of amount for abounding investors The amount of the chicken metal has soared by added than 30 this year and afresh surpassed an alltime aerial of 2024 an ounce as investors already afresh responded to bazaar animation by axis to the best trusted and longestserving safe anchorage asset
Accessibility, however, continues to be a botheration for gold as an asset class. Adding gold to a portfolio presents able-bodied accurate logistical challenges, primarily the amount of accumulator and adversity of transfer, which can abash or exclude investors. Various blockchain-backed projects accept attempted to abode these obstacles, but abounding accept bootless due to their assurance on a centralized action which complex the issuer minting tokens on their own platform. This archetypal created a distinct point of abortion accident because users had to assurance the issuer to authority the actual abundance of basal gold.
In 2017, Aurus Technologies articular the charge for a decentralized band-aid to this problem. The close after developed an advancing blockchain belvedere which allows assorted stakeholders in the gold industry to apart excellent their own gold-backed tokens, known as AurusGOLD (AWG). Each AWG badge is redeemable for one gram of 99.99% gold sourced from LBMA-accredited refineries, captivated in absolute vaults about the world. Direct Bullion was the aboriginal agent to participate in the Aurus ecosystem, tokenizing bristles kilograms in backward 2019.
In accession to authoritative buying of gold added accessible, AWG additionally functions as a applicable bill through the use of the firm’s anew launched AurusGOLD Card. It meets the three amount belief of a currency – the tokens acquiesce it to be acclimated as a average of exchange, and it allowances from gold’s action as a abundance of amount and assemblage of account. An inflation-hedged bill could prove admired in the advancing months and years afterward the aberrant budgetary and budgetary bang launched to account the bread-and-butter appulse of the pandemic.
The ecosystem’s revenue-sharing archetypal encourages gold providers and vaults to excellent AurusGOLD tokens, as they acquire an according allotment of 30% of the revenues generated from the acceptance of AWG, through its transaction and accumulator fees. The added 70% of generated acquirement is broadcast to holders of a accessory badge alleged AurusCOIN (AWX) which presents a different advance befalling in the absolute Aurus ecosystem.
The Aurus aggregation has a able clue almanac in the blockchain, bolt and banking sectors. Managing Administrator Guido van Stijn has captivated chief positions in article brokerages, he sits on the lath of a above Latin American NGO and has brash Dutch banks and alimony funds about leveraging blockchain technology. The close has additionally anxiously recruited awful accomplished non-executive directors, including a above lath affiliate of a adapted gold trader, a above administrator of the UK’s better gold refinery and a above CEO of SPDR Gold Shares, provider of the world’s better gold ETF. You can apprehend added about them here.
Investing in the Aurus ecosystem
Returning to the advance befalling – AurusCOIN (AWX) gives investors a pale in the Aurus ecosystem by carrying a approved acquirement beck paid in AWG. Thereby authoritative it one of the aboriginal instruments to accomplish a allotment for gold investors. From the absolute accumulation of thirty actor AWX tokens, Aurus is now alms institutional and adult investors admission to a best of bristles actor AWX in an accomplishment to accession $12,500,000. The aboriginal tranche of one actor AWX is already on auction at a amount of $2.50 per token.
Aurus will use the funds to advance and aggrandize the ecosystem. The primary ambition is to addition AWG’s bazaar assets to $10 actor and circadian traded aggregate to $300,000 by the end of the aboriginal division of 2024. The close additionally affairs to add added gold providers and aggressive ally to added access the decentralization of the Aurus ecosystem, as able-bodied as introducing new administration channels and added article backed tokens.
Aurus is arena a analytical role in the democratization of the gold market. AurusGOLD (AWG) gives holders the adventitious to barter as little as a few cents account of the adored chicken metal, and it functions as a acceptable and globally applicable currency. Investing in AurusCOIN (AWX) not alone supports the barrage of this new artefact in one of the world’s oldest industries, but it additionally provides admired portfolio about-face and a acquiescent acquirement beck in the anatomy of gold delivered by an avant-garde asset class.
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