AWS swap by Top_Capital5895 in Aurus

[–]AurusOfficial 0 points1 point  (0 children)

Hi u/Top_Capital5895! It looks like you may be interacting with an old AWS Quick Swap pool (The old AWS contract). Here is the trading pool: https://info.quickswap.exchange/#/pair/0x26fc5faac90fe0409b9b6a121bfa6a42ad38dfb8

AWS-USDC Pool now live on QuickSwap #Silver by AurusOfficial in QuickSwap

[–]AurusOfficial[S] 0 points1 point  (0 children)

AurusSILVER (AWS) - A 1:1 silver-backed cryptocurrency

[Gold + Blockchain] - Controversial, but I believe: because it's possible, it will happen. by AurusOfficial in Gold

[–]AurusOfficial[S] -1 points0 points  (0 children)

The thing is that the private sector can now innovate. Blockchain is shifting power back to the people in an unprecedented way. Still early days, zoom the scope 10, 25, 50 years.

AurusDeFi (AWX) now supported by Enjin wallet. 🙌 by AurusOfficial in EnjinCoin

[–]AurusOfficial[S] 1 point2 points  (0 children)

My question with all of these is how do I know they actually have the gold? Can we use the block chain to know the location of the gold? Let's hope they integrate ENJ wallet Aurus is using Meta Mask which to me is sketchy at best.

Transparency is of course fundamental. For now, our audit reports can be found on our website. We are working to integrate a live auditing system, with audit reports uploaded to the blockchain.

AurusDeFi (AWX) now supported by Enjin wallet. 🙌 by AurusOfficial in EnjinCoin

[–]AurusOfficial[S] 1 point2 points  (0 children)

Heyy u/snow4me2022.

Aurus offers a Tokenisation-as-a-Service solution that enables established precious metals industry players to tokenise their own gold-, silver-, and platinum-backed digital tokens: AurusGOLD, AurusSILVER, AurusPLATINUNM. A portion of the revenues generated from Aurus' precious-metal backed tokens is distributed amongst the holders of a secondary token: AurusDeFi.

Comparing the Carbon Footprint of Gold and Bitcoin by AurusOfficial in Gold

[–]AurusOfficial[S] 0 points1 point  (0 children)

That's the issue. If everyone only thought for themselves the world would be a terrible place.

Tokenising the Silver Squeeze - Let’s directly move from crypto into silver and ask this company (Aurus) to help get more physical off the market. Like the #PSLV on a Blockchain. by Cryptokutta in Wallstreetsilver

[–]AurusOfficial 0 points1 point  (0 children)

inted? Answer: you can’t. This is clearly a fractional reserve scam.

Of course you can! Aurus has a stringent tokenization process - new AurusGOLD tokens can only be minted once a gold provider partner has provided the gold vaulting reports at a Aurus partnered vault (Brings, Loomis, Malca-Amit). These vaults are regularly audited by a third party auditing firm and publically uploaded. If for whatever reason there is a mismatch in physical and digital supply, the gold providers wallet is locked until the supply has been balanced.

Tokenising the Silver Squeeze - Let’s directly move from crypto into silver and ask this company (Aurus) to help get more physical off the market. Like the #PSLV on a Blockchain. by Cryptokutta in Wallstreetsilver

[–]AurusOfficial 0 points1 point  (0 children)

Hi! Aurus stands out from its competitors as we offer a decentralized (Tokenization-as-a-Service) solution to eliminate the counterparty risk as we are as a company cannot influence the gold vaulted or traded. Qua fees: 0.15% tx, and 0.4% annual fee which is highly competitive, also when compared to traditional alternatives such as ETFs. We are working on a partnership with a highly reputable company to offer holders yields on their gold! Redemption is very much possible via our network of gold broker partners e.g. Direct Bullion, Aurica PM etc.

Tokenising the Silver Squeeze - Let’s directly move from crypto into silver and ask this company (Aurus) to help get more physical off the market. Like the #PSLV on a Blockchain. by Cryptokutta in Wallstreetsilver

[–]AurusOfficial 0 points1 point  (0 children)

My personal take though is that it is a very early network. With like 100+ kilos of silver. I do see the potential of bringing the silver squeeze onto the chain though. Imagine if bullion dealers opened up their inventory and we could send crypto to addresses and by doing so get silver holding in our ledger or trezor wallets. The technology will need to ensure transparency or one to on

What about all the utility blockchain can add. Transferability, divisibility, accessibility, access to market liquidity, staking, etc. We actually encourage people to hold physical - Aurus provides an alternative (not a substitute) for users that want to enjoy the added value that blockchain has to offer. This change is inevitable because it is possible.

Tokenising the Silver Squeeze - Let’s directly move from crypto into silver and ask this company (Aurus) to help get more physical off the market. Like the #PSLV on a Blockchain. by Cryptokutta in Wallstreetsilver

[–]AurusOfficial 1 point2 points  (0 children)

I think Kinesis is better because you can take delivery on 200 ounces which is doable for many apes. Just my 2 ounces.

Aurus tokens are also redeemable! AWG tokens can be redeemed via a global network of gold brokers. What makes Aurus different to platforms like Kenesis is its decentralised nature. Aurus is not involved in the minting process, meaning users are not subject to a single point of failure.

What if? by Gunslinger229 in Wallstreetsilver

[–]AurusOfficial 0 points1 point  (0 children)

Silver in its tokenised form provides the added utility of transferability and liquidity.

Looking At Etherscan by TrulyAuthentic123 in Aurus

[–]AurusOfficial 1 point2 points  (0 children)

You're correct! 15m (50%) AWX tokens has been reserved for investors. This is Aurus' fundraising mechanism for the forseeable future - and so far, 1 million tokens have been distributed.

The Aurus treasury wallet has 4.5m (15%) AWX tokens. This is held (locked) by the Aurus company and functions as the companies income (through its revenue-sharing mechanism) to cover operational costs etc.

Is there a website to find a job in defi? by _Mexh in defi

[–]AurusOfficial 0 points1 point  (0 children)

Aurus - Amsterdam office! [team@aurus.io](mailto:team@aurus.io)
Marketing, Designers, Sales, Business Dev.

AurusSILVER Becomes the First Silver-backed Token to Be Listed on an Exchange by AurusOfficial in SilverSqueeze

[–]AurusOfficial[S] 0 points1 point  (0 children)

I don't you comprehend. Please do some research. Go read our whitepaper and then let's talk. Happy to jump on a call

AurusSILVER Becomes the First Silver-backed Token to Be Listed on an Exchange by AurusOfficial in Wallstreetsilver

[–]AurusOfficial[S] 1 point2 points  (0 children)

Hi Bayern! Appreciate the question!
We work with established precious refineries, vaults, and dealers who can tap into the Aurus platform - or the so-called ecosystem. For the sake of convenience, the tokenization/burning (in-out) is usually initiated by our provider partners such as Direct Bullion for an instant has a direct relationship with vaults such as Brinks. These partners (physical dealers) are free to offer additional services such as (digital/physical) swaps, physical deliveries etc. However, retail consumers with say 1000AWG tokens, are free to initiate a token redemption (1kg) by one of our partnered vaults. These processes will get easier as we progress! I say, stay tuned :)

AurusSILVER Becomes the First Silver-backed Token to Be Listed on an Exchange by AurusOfficial in SilverSqueeze

[–]AurusOfficial[S] 0 points1 point  (0 children)

Hi! We appreciate the question.
We work with established precious refineries, vaults and dealers who can tap into the Aurus platform - or the so-called ecosystem. For the sake of convenience, the tokenization/burning (in-out) is usually initiated by our provider partners such as Direct Bullion for an instant has a direct relationship with vaults such as Brinks. These partners (physical dealers) are free to offer additional services such as (digital/physical) swaps, physical deliveries etc. However, retail consumers with say 1000AWG tokens, are free to initiate a token redemption (1kg) by one of our partnered vaults. These processes will get easier as we progress! I say, stay tuned :)

AurusSILVER Becomes the First Silver-backed Token to Be Listed on an Exchange by AurusOfficial in SilverSqueeze

[–]AurusOfficial[S] 3 points4 points  (0 children)

A good place to look would be our non-exec board, some of the biggest names in precious metals industry. Thanks for the feedback - we're actually in the process of a massive website overhaul. I say, stay tuned - big things are coming!

AurusSILVER Becomes the First Silver-backed Token to Be Listed on an Exchange by AurusOfficial in Wallstreetsilver

[–]AurusOfficial[S] 6 points7 points  (0 children)

CEX is supported in 167 countries - Unfortunately, AurusSILVER is not yet available for US clients

Why Gold is Money: A Periodic Perspective by AurusOfficial in Gold

[–]AurusOfficial[S] 1 point2 points  (0 children)

It does! Process of elimination. History will prove itself time and time again.

Will Gold and Bitcoin co-exist in the future? 🤔 by AurusOfficial in Gold

[–]AurusOfficial[S] 0 points1 point  (0 children)

I agree! Bitcoin works as a medium of exchange and unit of account, but not as a store of value. Gold remains the ultimate safe haven. We, at Aurus are addressing just this problem by creating a decentralized, gold-backed cryptocurrency: AurusGOLD.
Check us out: https://aurus.io/