What is AurusGOLD?
AurusGOLD (AWG) is a gold-backed token. Each AWG is collateralized by, and redeemable for 1 gram of 99.99% gold from LBMA certified refineries. It’s a sustainable, global currency that can be used as an alternative to unstable fiat currencies or as the easiest way to invest in gold.
Why does AWG stick to the price of gold?
AWG is minted by esteemed gold traders that can arbitrage between the AWG and bullion gold markets, keeping the price of AWG in line with spot gold price: stable.
AWG is minted by esteemed gold traders that can arbitrage between the AWG and bullion gold markets, keeping the price of AWG in line with spot gold price: stable.
Stored in the safest vaults
The gold backing AWG is only stored in fully audited, fully insured vaults around the world.
Auditing on the blockchain
We’ve developed a smart contract that can be used to audit the supply of gold in vaults backing AWG. We use a third token, an ERC-721 to track bullions within partnered vaults.
The most liquid form of gold
AWG is an ERC-20 token on the Ethereum blockchain allowing the division of a gram of gold to 18 decimal places. This means you can send cents worth of gold around the world, instantly.
Great for hedging volatility
Gold is one of the most stable assets in the world. It has kept its value for thousands of years, making AWG a great hedge to volatile markets, from the day to day crypto craze to unstable fiat currencies.
Built as a global currency
The blockchain enables owners of AurusGOLD (AWG) to make transactions globally in an instant. Gold is universally recognised to have a stable value making it a great means of remittance.
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