With the US greenback dealing with headwinds, notably the coronavirus pandemic and an upcoming presidential election that may very well be among the many most contentious in current reminiscence, gold has taken over as the popular retailer of worth for a lot of traders. The worth of the yellow steel has soared by greater than 30% this yr and just lately surpassed an all-time excessive of $2,000 an oz, as traders as soon as once more responded to market volatility by turning to probably the most trusted and longest-serving protected haven asset.
Accessibility, nevertheless, continues to be an issue for gold as an asset class. Including gold to a portfolio presents nicely documented logistical challenges, primarily the price of storage and issue of switch, which might discourage or exclude traders. Varied blockchain-backed tasks have tried to deal with these obstacles, however many have failed because of their reliance on a centralized course of which concerned the issuer minting tokens on their very own platform. This mannequin created a single level of failure threat as a result of customers needed to belief the issuer to carry the proper amount of underlying gold.
In 2017, Aurus Technologies recognized the necessity for a decentralized answer to this downside. The agency subsequently developed an open-ended blockchain platform which permits numerous stakeholders within the gold trade to independently mint their very own gold-backed tokens, recognized as AurusGOLD (AWG). Every AWG token is redeemable for one gram of 99.99% gold sourced from LBMA-accredited refineries, held in impartial vaults world wide. Direct Bullion was the primary dealer to take part within the Aurus ecosystem, tokenizing 5 kilograms in late 2019.
Along with making possession of gold extra accessible, AWG additionally features as a viable foreign money by the usage of the agency’s newly launched AurusGOLD Card. It meets the three core standards of a foreign money – the tokens enable it for use as a medium of alternate, and it advantages from gold’s perform as a retailer of worth and unit of account. An inflation-hedged foreign money may show helpful within the coming months and years following the unprecedented fiscal and financial stimulus launched to offset the financial influence of the pandemic.
The ecosystem’s revenue-sharing mannequin encourages gold suppliers and vaults to mint AurusGOLD tokens, as they earn an equal share of 30% of the revenues generated from the utilization of AWG, by its transaction and storage charges. The opposite 70% of generated income is distributed to holders of a secondary token referred to as AurusCOIN (AWX) which presents a novel funding alternative in your complete Aurus ecosystem.
The Aurus workforce has a robust monitor document within the blockchain, commodities and monetary sectors. Managing Director Guido van Stijn has held senior positions in commodity brokerages, he sits on the board of a serious Latin American NGO and has suggested Dutch banks and pension funds about leveraging blockchain expertise. The agency has additionally fastidiously recruited extremely skilled non-executive administrators, together with a former board member of a regulated gold dealer, a former director of the UK’s largest gold refinery and a former CEO of SPDR Gold Shares, supplier of the world’s largest gold ETF. You possibly can learn extra about them here.
Investing within the Aurus ecosystem
Returning to the funding alternative – AurusCOIN (AWX) offers traders a stake within the Aurus ecosystem by delivering a daily income stream paid in AWG. Thereby making it one of many first devices to generate a dividend for gold traders. From the overall provide of thirty million AWX tokens, Aurus is now providing institutional and complex traders entry to a most of 5 million AWX in an effort to elevate $12,500,000. The primary tranche of 1 million AWX is already on sale at a worth of $2.50 per token.
Aurus will use the funds to develop and broaden the ecosystem. The first objective is to spice up AWG’s market capitalization to $10 million and every day traded quantity to $300,000 by the tip of the primary quarter of 2021. The agency additionally plans so as to add extra gold suppliers and vaulting companions to additional improve the decentralization of the Aurus ecosystem, in addition to introducing new distribution channels and different commodity backed tokens.
Aurus is taking part in a crucial function within the democratization of the gold market. AurusGOLD (AWG) offers holders the prospect to commerce as little as a couple of cents price of the valuable yellow steel, and it features as a sustainable and globally viable foreign money. Investing in AurusCOIN (AWX) not solely helps the launch of this new product in one of many world’s oldest industries, nevertheless it additionally offers helpful portfolio diversification and a passive income stream within the type of gold delivered by an modern asset class.
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