What Is AurusDeFi (AWX)?

AurusDeFi (AWX) is a decentralized network of tokens backed by precious metals that operates on the Ethereum blockchain. With a total supply of 30 million tokens, AWX can be used for creating and voting on proposals related to the Aurus ecosystem. Additionally, AWX holders can stake their tokens to earn a share of transaction fees from AurusGOLD (AWG), AurusSILVER (AWS), and AurusPLATINUM (AWP).

What Are the Advantages of AurusDeFi?

AurusDeFi (AWX) tokens are limited in supply and represent a stake in the Aurus ecosystem. Only 50% of the total AWX tokens are reserved for investors. The ownership of AWX determines the rewards received and the voting power within the ecosystem.

Rewards in Precious Metals: AWX token holders are entitled to a share of the fees generated within the Aurus Ecosystem. These fees are distributed in the form of gold (AWG), silver (AWS), and platinum (AWP). In the first quarter of 2022, AWX holders can stake their tokens and claim rewards through the Aurus Mobile App.

Governance Voting: AWX provides its holders with the right to vote on ecosystem proposals. Community members with a stake in the ecosystem can influence changes by participating in the voting process. Starting from the fourth quarter of 2022, users can create and vote on proposals using the Aurus Mobile App.

Where Can You Purchase AurusDeFi?

AurusDeFi can be bought from various cryptocurrency exchanges that are partnered with Aurus. These exchanges offer multiple trading pairs with both fiat and cryptocurrency options.

Partnered Exchanges: QuickSwap (AWX/USDC), CEX.IO (AWX/USD), CEX.IO (AWX/EUR)

What Is Aurus?

Aurus is a company established in 2018 that provides software, network, and blockchain infrastructure for global precious metals businesses and financial institutions to integrate with the decentralized finance (DeFi) and Web3 applications of the future. Through the Aurus platform, physical gold, silver, and platinum bullions can be tokenized into AurusGOLD, AurusSILVER, and AurusPLATINUM, enabling a more inclusive and efficient precious metals market.

Aurus aims to democratize access to gold, silver, and platinum, making them available to both retail and institutional investors.

The Aurus Ecosystem

The Aurus Ecosystem is a globally scalable network composed of precious metals providers, vaults, and distributors such as Aurica Precious Metals, Aga Bullion, and Direct Bullion. These entities interact with the Aurus blockchain platform to independently mint and distribute precious metals-backed tokens worldwide.

Value Proposition and the Problem Solved by Aurus

B2C - Investing in silver used to involve purchasing from bullion dealers at a premium and paying storage fees or investing through an ETF. However, with AurusSILVER (AWS) based on blockchain technology, silver becomes accessible to a wider audience, offering 24/7 trading, fiat/crypto exchange listings, peer-to-peer transfers, and instant settlement for all transactions.

B2B - Instead of competing with traditional precious metals industry players, Aurus collaborates with them. It provides access to high-tech products, a large market, and passive revenue opportunities. By offering innovative digital products and enabling frictionless instant settlements, Aurus empowers bullion dealers to expand into new geographical and demographic markets and access recurring revenue streams.

The Aurus Team

The Aurus team is composed of experienced professionals from the commodity and financial industries. See the full team

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. He has worked as a physical and derivatives trader in London, Frankfurt, Hong Kong, and Luxembourg. He also served as the Director of Baird & Co., the UK's largest gold refinery, for ten years.
• Jason Toussaint - With extensive experience in asset management, precious metals, and fintech industries, Jason previously served as the CEO of SPDR Gold Shares (GLD), the world's largest gold ETF. Under his leadership, GLD's assets grew to over $78 billion. He was also the Managing Director and Global Head of Investment at the World Gold Council.
• Grant Angwin - Grant has over 30 years of experience in the precious metals industry and has held senior management positions at Johnson Matthey, including being the President of the North American gold and silver business. He served as the President of Asahi Refining and has held various roles at global industry associations, including Chairman of the LBMA.
• Rex Johnson - Rex has extensive experience in the finance industry, having held several senior trading and broking positions. He has been involved in multiple cryptocurrency start-ups and previously served as a board member of an FCA-regulated physical gold trading company.