Aurus is a fintech company replicating the traditional gold market in a digital way. The Aurus blockchain protocol interacts with a decentralized network of gold providers, vaults and distribution channels to bring AurusGOLD, a gold-backed digital currency to the mass market.
We’re setting out to bring a stable value to the crypto space, a highly-liquid and global gold investment solution to financial markets and ultimately, an alternative to mainstream payment methods such as fiat currencies or Bitcoin.
AurusGOLD (AWG) is a 100% gold-backed cryptocurrency on the Ethereum blockchain, minted by esteemed gold traders as a stable, highly-liquid, global digital asset. AurusGOLD is well positioned to succeed as a gold-backed token on the Ethereum blockchain because it fully meets the definition of money. AurusGOLD starts with gold’s unmatched history as a store of value and a unit of account. By adding the advantages of cryptocurrencies as a medium of exchange, AurusGOLD is designed to be the perfect currency.
AurusCOIN (AWX) is a revenue sharing token limited to a total supply of 30,000,000. As people around the world trade AurusGOLD (AWG), 70% of all the generated transaction fees are proportionally distributed across all AWX holders (paid in AWG). AWX owners directly benefit from the increase in the usage of AWG as the revenues from fees rise. Therefore, the value of AWX is likely to increase parallel to the usage of AWG. Overall, the Aurus ecosystem is economically airtight (We pride ourselves with that).
Although it’s very difficult to determine the actual size of today’s gold market, these figures are an estimate that we consider realistic: Total supply of above-ground gold – 5.7 billion ounces = (approx.) $6.3 trillion “Gold ranks higher than all European sovereign debt markets, and trails only US Treasuries and Japanese government bonds. Thus, simply based on size…the gold market can provide significant depth and liquidity for large reserve portfolios, as it is only surpassed in size by two sovereign debt markets (US and Japan).” – Liquidity in the Gold Market Daily trading volumes – Between $67 – $240 billion
The Aurus wallet lets people easily buy, store and trade AurusGold tokens or any other tokens created by our platform. Aurus tokens can also be stored in any ERC20 compatible wallet. Gold traders can integrate APIs that allow them to buy and sell Aurus on their own platforms for BTC, ETH or any FIAT currency. Merchants can also integrate APIs that allow them to accept gold as a form of payment in exchange for their services.
AurusGOLD (AWG) can trade without being listed, as the first trading will occur via OTC transactions. That said, being a cryptocurrency it is most important to be visible in the digital space for additional volume and the much needed stability.