AurusGOLD (AWG) is a 100% gold backed cryptocurrency. Each AWG token is collateralized by, and redeemable for 1 gram of physical gold. 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’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 billions within partnered vaults.
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.
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 is universally recognised to have a stable value making it a great means of remittance.