AurusGOLD update: AWG Live price, price chart, news and markets

Introducing AurusGOLD (AWG)

AurusGOLD (AWG) is a stablecoin backed by gold on the Ethereum blockchain that is minted by a network of reputable traders from the traditional gold market. Each AWG token is fully collateralized and can be redeemed for 1 gram of 99.99% LBMA-accredited gold. The gold is securely stored in audited and insured vaults. In addition, 50% of the transaction fees generated by AWG are distributed to holders of AurusDeFi (AWX).

The Advantages of AurusGOLD

AurusGOLD offers several advantages as a highly portable, transferable, and liquid digital asset. It possesses the desirable features of physically allocated gold without the limitations of transportability or high storage costs. Additionally, it has the divisibility, fungibility, and tradability of other digital assets like Bitcoin.

AWG does not have recurring storage or management fees, providing investors of all sizes with a convenient and cost-effective alternative to traditional gold products. Furthermore, it offers the benefits of real-time 24/7 trading, secure instant settlements, and fewer intermediaries.

Experience the Benefits of AurusGOLD

• Efficient gold accumulation above spot market price in fractions and grams.
• Convenient storage: carry any amount of gold in your pocket using a digital wallet.
• Seamless transactions: send cents worth of gold across the world instantly with minimal fees.
• Access to global liquidity: buy and sell gold 24/7 from your mobile phone.

The Unique Features of AurusGOLD

AurusGOLD (AWG) stands out with its focus on sustainability. AWG tokens are minted by a global network of established refineries, vaults, and traders that participate in the Aurus Ecosystem. The decentralized nature of Aurus ensures that the company cannot influence or manipulate the gold traded or vaulted, eliminating a single point of failure for investors.

Aurus embraces the decentralized nature of blockchain technology and decentralized finance (DeFi). Holders of AWG will soon be able to earn a yield on their gold holdings by providing liquidity to decentralized exchanges (DEX) trading pools. This innovative approach positions gold as a productive, yield-bearing asset.

Where to Purchase AurusGOLD

AurusGOLD can be bought from various exchanges and precious metals dealers that are partnered with Aurus. Multiple fiat and crypto trading pairs are available.

Exchanges: CEX.IO (AWG-USD), CEX.IO (AWG-GBP)

Precious metals dealers: Aurica precious metals (Chile), AgaBullion (Turkey), Direct Bullion (UK)

About Aurus

Aurus, the company behind AurusGOLD (AWG), was established in 2018. It provides software, network, and blockchain infrastructure for global precious metals businesses and financial institutions to integrate with DeFi and Web3 applications. The Aurus platform enables a global network of providers, vaults, and dealers to autonomously tokenize physical gold, silver, and platinum bullions into digital assets like AurusGOLD, AurusSILVER, and AurusPLATINUM.

The goal of Aurus is to create a more inclusive and efficient precious metals market, making gold, silver, and platinum accessible to both retail and institutional investors.

The Aurus Ecosystem

The Aurus Ecosystem is a scalable and self-sustaining global network consisting of precious metals providers, vaults, and distributors (such as Aurica Precious Metals, Aga Bullion, Direct Bullion, etc.). These participants interact with the Aurus blockchain platform to independently mint and distribute precious metals-backed tokens worldwide.

Value Proposition and the Problem Addressed by Aurus

B2C - Previously, investing in gold usually required purchasing from a bullion dealer at a premium and paying storage fees or relying on ETFs. However, ETFs do not represent ownership of physically allocated metals and cannot be redeemed. AWG, on the other hand, leverages blockchain technology to offer 24/7 trading, fiat/crypto exchange listings, peer-to-peer transfers, and immediate settlement on all transactions, making gold accessible to a wider audience.

B2B - Aurus collaborates with traditional players in the precious metals industry rather than competing with them. It provides access to high-tech products, a vast market, and passive revenues, empowering bullion dealers to offer innovative digital products and frictionless instant settlements. This opens up new market geographies and demographics for them and enables access to recurring revenue streams.

The Aurus Team

Aurus is led by a team of experienced professionals from the commodity and financial industries. See the full team here.

Directors:

• Guido van Stijn - Managing Director
• Mark Gesterkamp - Business Development
• Dan Cearnau - Chief Technological Officer
• Jonathan Boyd - Global Institutional Markets

Board of Non-executive Advisors:

• Tony Dobra - Tony is a 40-year veteran of the precious metals industry. Working