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Aurus is a UK foundation that provides the software, network and crypto infrastructure for global precious metals businesses to merge with the future of finance, in the form of DeFi and Web3 applications - giving them high-tech products, a huge addressable market and passive rewards.
Tokenization is the process of digitally representing assets on the blockchain. When tokenizing, the assets’ economic value and ownership rights are transferred and represented by digital tokens. Asset-backed tokens are essentially digital IOU-tokens that can be easily transferred between parties. In the case of Aurus precious metals tokens, each token represents ownership of 1 gram of the underlying metal.
Tokenization can greatly reduce frictions involved in trading of physical assets such as gold. When an asset is tokenized, it becomes highly divisible, portable and transferable, increasing its tradability and therefore its market liquidity. Tokenization allows fractional ownership of assets which, in turn, lowers barriers to investment and promotes more inclusive access to retail investors.
The Aurus ecosystem is a highly scalable network made up of precious metals providers, vaults and distribution partners that interact with the Aurus blockchain infrastructure, and work in synergy to mint and distribute precious metals-backed tokens to the broader market.
The protocol reward-sharing mechanism allows the Aurus ecosystem to be completely self-sustaining. Ecosystem participants are incentivized to tokenize their precious metals by earning a proportional share of the rewards generated from the usage of tGOLD, tSILVER and tPLATINUM tokens. Bullion providers receive 50% of the rewards generated from tGOLD and 70% from tSILVER and tPLATINUM. The other rewards are equally distributed to the stakers of the ecosystem token, AurusX.
The ecosystem's foundations were designed to align the interests of its participants, encouraging the production, distribution and adoption of the precious metals tokens. It is non-exclusive and equally fair to every participant, enabling the entire precious metals market to join and benefit from it.
There are three different tokens backed by precious metals.
Aurus tokens are repositioning gold, silver and platinum as highly liquid and transferable digital assets. These tokens have the advantages of physically allocated metals, but do not have the drawbacks of limited transportability or high storage costs usually associated with them. Instead, now they have the divisibility, fungibility and tradability of any digital asset like bitcoin.
Aurus tokens are highly:
Each Aurus precious metal token (tGOLD, tSILVER and tPLATINUM) follows the price of the underlying precious metal as arbitrage ensures that the price of the tokens remain near the spot price of each precious metal. Refineries and brokers can profit from the price discrepancies between the physical and digital metal markets, keeping these tokens in line with the spot price of each metal: stable.
For example, whenever the price of tGOLD is sufficiently above the spot price of gold, provider partners are incentivized to provide more physical gold to the platform, therefore increasing the tGOLD supply to close the price gap. Vice versa -if the price of tGOLD falls below the gold spot price, gold brokers are incentivized to withdraw their gold from the platform to reach the equilibrium. The same happens withtSILVER and tPLATINUM.
The blockchain platform developed by Aurus Technologies Ltd. ensures that the tokens are fully backed by precious metals throughout their entire lifecycle. Firstly, the Aurus tokens can only be issued once provenance and proof of ownership have been validated by the custodian and an external auditor.
Every single Aurus token (tGOLD, tSILVER and tPLATINUM) is backed by 1 gram of the respective precious metal, sourced from LBMA-accredited refineries and is traceable to a single bullion and its unique registration number. Vaults are audited regularly by an accredited auditor to ensure that the underlying asset reserves are consistent with the token supply. To review the custody reports of the gold, silver and platinum reserves, visit aurus.io.
tGOLD is the only token that allows redemption for physical gold (bars and/or coins). Please send an email to your local distributor communicating your redemption request.
You will receive a list of available gold products to choose from, and their respective prices in tGOLD. Consider that there are costs associated with insured delivery of gold products.
The risks associated with owning Aurus tokens are similar to owning physical precious metals. The main risks are related to theft or loss of tokens. There are multiple security measures you can take to prevent this from occurring:
Aurus tokens carry no annual storage fees. It only includes modest transaction fees for transferring tokens.
The Aurus ecosystem was designed to be self-sustaining and therefore, independent of Aurus. If the company defaultsyour precious metals tokens will continue to exist as an asset, just as a gold bar would. In fact, the ecosystem will remain functional, meaning that you will still be able to buy, sell or redeem your tokens via the ecosystem participants.
AurusX (AX) is a multichain token limited to a total supply of 30 million that powers the Aurus ecosystem, adecentralized network of precious metals-backed tokens. AurusX tokens can be used to create and vote on proposals governing Aurus and can be staked to earn a portion of transactions fees: 50% from tGOLD (tXAU), and 30% from tSILVER (tXAG) and tPLATINUM (tXPT).
AurusX (AX) tokens are scarce and represent a stake in the Aurus ecosystem. With a limited total supply of 30 million tokens, only 50% of AurusX is reserved for investors. The more AurusX you own, the higher the percentage of rewards you receive and voting power you have.
Aurus does not charge any fees for the usage of AurusX (AX). However, there are Ethereum or Polygon related network fees that when transferring AurusX.
tGOLD (tXAU) can be purchased from Aurus partnered distributors such as Direct Bullion, Aurica Group, AgaBullion, CEX.IO and QuickSwap (visit our partners here).
Aurus tokens can be stored in the following cryptocurrency wallets:
*WARNING - Tokens sent to unsupported wallets will be lost and cannot be recovered.*
A cryptocurrency wallet is a physical (hardware) or virtual medium (software) used for storing, sending, and receiving digital currencies. Every wallet contains three essential components:
Basically, a wallet is like your online bank account platform, your public address is like your account number, the private key is like your PIN or password, and the blockchain is like the bank’s ledger.
The best way to keep your tokens safe is to store them in a hardware wallet such as the Aurus Vault Card or a Ledger. These hardware wallets will hold your private keys isolated from the internet and invulnerable to most common attacks.
Advantages of using the Aurus Vault Card are:
Remember to never reveal or disclose the private keys to anyone unless you are 100% sure it is safe to do so.
The Aurus App (Aurus - Precious Metals & DeFi) is a cryptocurrency wallet that enables you to safely buy, store, send and receive Aurus tokens on both the Ethereum and Polygon networks. The mobile app interacts with the Aurus Vault Card, a highly secure hardware wallet that allows you to store the Aurus tokens while keeping your private keys offline.
Download Aurus Mobile app for iOS here and download for Android here.
Learn how to create a wallet in the Aurus app here.
The Aurus Vault Card is a highly secure hardware wallet that allows you to safely store, accumulate and transfer any of the Aurus tokens (tGOLD, tSILVER, tPLATINUM and AurusX). It is basically your own personal vault. With the new Aurus mobile app (launching soon) installed on an NFC-enabled smartphone, you can interact with the card for verifying your balance, receiving, and transferring digital precious metals as you do with money.
Please make sure to validate the compatibility of the Card with your smartphone:
If you lose your Aurus Vault Card, you will still be able to retrieve your Aurus tokens. The only way to restore your assets is by generating a backup of your private keys, which you should do when downloading and configuring the new version of the Aurus mobile app (make sure to follow the instructions given in the app carefully).
NOTE: If you lose the tGOLD or Vault Card, you will lose the tokens. As with traditional banknotes, an Aurus Card always has to be kept physically secure at all times.
Metamask is a digital wallet that allows you to store ERC-20 tokens and Polygon tokens, such as tGOLD, tSILVER and tPLATINUM. You can download Metamask as an extension/plugin for your web browser (Chrome, Firefox, Edge and Brave) and/or as a mobile app (iOS and Android). With Metamask you will be able to store and manage the Aurus tokens, but you will also have the possibility to receive, send and buy other cryptocurrencies.
1. Install MetaMask
Install MetaMask extension for your browser by visiting https://metamask.io/download.html Follow the instructions provided by Metamask carefully.
2. Configure MetaMask
Once MetaMask is installed, create a new wallet or import your wallet.
3. Add Token
On your Metamask account page, scroll down to find the “Add Token” button and click on it.
4. Add the Aurus tokens
On the Add Tokens page, click on the “Custom Token” tab to expand the search window. To add tGOLD, tSILVER and/or tPLATINUM as a custom token you need to enter the following parameters for each token:
Parameters | AurusGOLD (AWG) | AurusSILVER (AWS) | AurusPLATINUM (AWP) | AurusDeFi (AWX) |
---|---|---|---|---|
Ethereum Token Contract Addresses: | 0x696acc2de564b48682d71d0847b3632f87c9a402 | 0xb89903dde3899f0280b99913168ee833a7896b93 | 0xa96d47c621a8316d4f9539e3b38180c7067e84ca | 0xA51Fc71422a30FA7FFa605B360c3B283501b5bf6 |
Polygon Token Contract Addresses | 0xAEe0ffb690B37449B7f1C49B199E1E3ec6084490 | 0xA96D47c621a8316d4F9539E3B38180C7067e84CA | Coming soon! | 0x56A0eFEFC9F1FBb54FBd25629Ac2aA764F1b56F7 |
Token Symbol: | AWG | AWS | AWP | AWX |
Decimals | 18 | 18 | 18 | 18 |
After entering the parameter for the token, click “Next” to proceed.
7. View Token Balance
You can now review your balance and manage your Aurus tokens freely. From here you can start sending tGOLD, tSILVER and tPLATINUM to other users or to exchange wallets.
You can sell your Aurus tokens at any Aurus partnered cryptocurrency exchange such as CEX.IO or QuickSwap.
Follow these steps to sell Aurus tokens:
IMPORTANT NOTE: Make sure to review trading pair compatibility before transferring tokens to an exchange.
A cryptocurrency exchange is an online trading platform that allows you to trade cryptocurrencies for other assets, such as conventional fiat money or other digital currencies.
tGOLD can be redeemed for physical gold bullions at any provider partner offering this service. The gold redemption fee is 3% (excl. additional fees charged subject to the provider). Please follow these steps:
Additionally, Aurus distribution partners can offer a swap service, which consists of exchanging your tGOLD tokens for any particular physical gold product (e.g. Krugerrand coin). This service includes a premium, defined by the distributor. To initiate a swap please directly contact a participating distributor party of choice. If you require assistance, please contact us here..
Once the Aurus Vault Card is scanned and verified, the mobile app will display the exact public address linked to the Card. You can use any other cryptocurrency wallet app to transfer funds to the Card from a source wallet. You can also transfer funds from another Aurus Vault Card using the Aurus app.
NOTE: This process also applies for the tGOLD Card.
To extract funds from the Aurus Vault Card, you will need the Card, along with the Aurus mobile app on an NFC-enabled device.
Scan and verify the Card through the Aurus app, then tap the 'Extract' button and prepare the outgoing transaction:
You will be asked to tap and hold the Card while it signs the transaction. In the end, the signed transaction will be broadcasted to the blockchain.
Please make sure to validate the compatibility of the Card with your smartphone:
NOTE: This process also applies for the tGOLD Card.
To send or receive Aurus tokens, you must start by checking on what network are your tokens running on (Ethereum or Polygon). The process of sending and receiving these tokens can differ slightly between wallets, but in general it works as follows:
Receiving Aurus tokens:
Sending Aurus tokens:
Important: You need a small amount of Ethereum (ETH) or MATIC (Polygon) on your balance to send Aurus tokens. Remember to check what network are your tokens on.
We suggest having at least 0.01 ETH (if using Ethereum) and 1 MATIC (if using Polygon).
*WARNING - Tokens sent to unsupported wallets will be lost and cannot be recovered.*
If you are still uncertain, just look up the tutorial for the wallet you are using.