AurusGOLD (AWG) is a 100% gold backed cryptocurrency. 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.
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.
We’re developing smart contracts that can be used to audit the supply of gold in vaults backing AWG. We use a third token, an ERC-721 to track billions within partnered vaults.
AWG is an ERC-20 token on the Ethereum blockchain that’s 100% gold backed. This means you can send cents worth of gold around the world, instantly.
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.
The blockchain enables owners of AurusGOLD (AWG) to make transactions globally in an instant. Gold has a universally recognised, stable value, making it a great means of remittence.