Source: Manhattan Gold & Silver
When we review the infographic above, it’s clear to see that although gold and precious metals may come in different forms, they all still face serious limitations. Tokenization of these assets manifests an advantageous investment vehicle that comes without the responsibility of holding the actual physical metals.
Aurus offers several distinct tokens
While gold is often the main focus of precious metals investors, silver and platinum are also prominent. Aurus has launched several types of tokens to meet the demands of these investors. Currently they offer three tokens that are backed by these commodities, as well as one token that represents the overall ecosystem and network that they have created. All of these are Ethereum erc20 tokens, transferable on both the Ethereum and Polygon blockchains.
AurusDeFi (AWX):
Aurus is a company that exists in the emerging decentralized finance (DeFi) space. As such, the AWX token has an important role in the ecosystem that Aurus has created. Not only does it reward holders with transaction fees from the sale of Aurus’ other tokens, but it is also used for voting and governance purposes. AWX is traded on the open market, and it is limited to the 30,000,000 created tokens that currently exist.
AurusGOLD (AWG):
The AWG token represents digital gold. These tokens are minted as digital representations of real gold in storage.
AurusSILVER (AWS):
The AWS token represents digital silver in the same way.
AurusPLATINUM (AWP):
The AWP token represents digital platinum. AWP is not yet listed on the public market but is planned for sometime later in 2022.
Furthermore, each AWG, AWS, and AWP token are all backed by one gram of their respective commodity. This also means that the value of these tokens fluctuates in tune with the precious metals market. In addition, each token is, in fact, redeemable for one gram of the physical metal it represents.
As they are cryptocurrencies, these tokens are also divisible to the smallest fraction of a token. While most gold dealers will only allow you to purchase full gold bars or coins, these tokens enable you to buy whatever amount you want. This is ideal for dollar-cost-averaging over time.
How does Aurus work?
Aurus has built a substantial multinational network of precious metals companies. From the beginning, Aurus understood that they would have more success working together with these businesses, instead of competing against them. In this symbiotic relationship, they bring the crypto infrastructure and network necessary to tokenize their gold, silver, and platinum reserves.
To incentivize participation in this system, Aurus offers these companies a part of a lucrative revenue-sharing program. Providers of these precious metals receive a share of the fees generated from the use of their AWG, AWS, and AWP tokens.
AWG:
50% of all fees generated from this token go to AWX token holders, the remaining 50% is split evenly between the gold provider and vault storage provider.
AWS / AWP:
30% of all fees generated from these tokens go to AWX token holders, the remaining 70% is split evenly between the asset provider and vault storage provider.
