History:
Gold has traditionally been the currency that people trust the most. For thousands of years people have relied on the value of gold and as soon as a money system is disconnected from the gold standard things go wrong. Ever since the Middle Ages, there have been several great empires that tried to devalue money by putting lesser amounts of gold into coins. This often marked a point of the beginning of the crumbling of the empire.
Markets:
Devaluing money by additional printing is not possible within Bitcoin due to the code, but the volatility of cryptocurrency is frightening to many retail investors. We are now at a point again where there is fear in the market. Much of the market sentiment is determined by FUD or FOMO and that means panic or greed. When media start writing positively people start buying again and vice versa. Actually this is strange because now accumulating is interesting and not towards the peak. It is important to secure part of your portfolio at the right time in a bull market (peak).
Stablecoins and alternatives:
For this, stablecoins are interesting, but they are not always fully transparent or covered. Whatever is said about Tether (USDT). A more decentralized alternative are tokenized Precious Metals from Aurus with tGOLD (TXAU), tSILVER (TXAG), tPLATINUM (TXPT) and the proprietary coin centralized within the AurusX (AX) ecosystem.
Tokenizing means that through a smart contract on the Blockchain it is recorded who has digital ownership. In the case of Aurus when you buy for example 1 gram of tGold it is stored in the Ethereum/Polygon Blockchain that you are the owner of that gram, with your wallet with your private keys. The precious metals are purchased directly from various recognized gold and precious metals brokers and stored at partners with vaults such as Brinks. Everything is claimable by the client with the smart contract. That is, Aurus is not the seller and holder of the precious metals (decentralized). Actually, Aurus facilitates the transactions and the other parties the precious metals and storage. By involving multiple parties, everyone keeps each other honest instead of projects doing it all by themselves "where gold is in a vault in London" but no one knows exactly how and what.
Putting away stablecoins at interest (strike) is a popular phenomenon in the crypto world. The downside to this is that you often have no control over your private keys and we knew that with Luna's stablecoin UST. For this, they must in fact be with an exchange/exchange, specific platform or broker. If such a company goes bankrupt or the lending of your coins to a third party goes wrong then you lose your money/coins. This is unfortunately happening more and more after the FTX drama.
Aurus - Strengthening precious metals with Blockchain technology through tokenized precious metals is the perfect hedge against a bear market with a real chance for interesting returns. Prices are set at a gram of gold, silver and platinum. Especially as silver becomes scarcer due to a shortage due to use in cell phones and solar panels, precious metals are increasingly interesting as investments. In the new year of 2023, silver could make an immediate big jump. Gold is also being repurchased by central banks. Aurus has its own currency called AurusX (AX) and this is where Aurus brings together traditional precious metals with DeFi, Crypto and Metaverse. However, you can take these precious metals anywhere, no cumbersome importing and exporting and still earn interest on your precious metals. AX holders share in transaction proceeds from all transactions on tGold, tSilver and tPlatinum (Tokenized Gold, Silver and Platinum). This is distributed as a form of dividend in the Aurus app when you strike AX. In addition, still provide option liquidity.
As an investment, AurusX is hugely interesting, as there is only a total market cap of around $17 million in AurusX. The number 100 coin in the top 100 is currently at $275 million (bear market). A bullshit coin like Floki Inu at nearly $100 million just to paint a picture. AurusX is a full-fledged project with an exceptionally well-functioning mobile app, numerous features from within the app and a very interesting use case (tokenized precious metals and its own coin). Once more exposure comes soon, the tight-knit community will continue to form. A top 10/tier A exchange listing may launch this project. In that sense, it is a "hidden gem" in the crypto world, as the price still has room to explode and make giant leaps. This is not financial advice.
Aurus precious metals are the perfect alternative to stablecoins, making them the missing link between Crypto and FIAT (regular Euro). The ideal way to safely store part of your portfolio and quickly switch between different crypto, stablecoins and precious metals. This is possible with the Aurus mobile application of which you manage the private keys yourself. You can import these private keys on TrustWallet or MetaMask, among others, and add the tokens there (add tokens). Technically it is all in order and the network runs on Ethereum and Polygon for cheap and fast transactions.
Say you need FIAT money you very easily sell tGold, tSilver or tPlatinum or AX on a decentralized exchange (DEX) such as Uniswap or via the Aurus app. Aurus has in fact brought gold, silver and platinum to Uniswap(read more). You can provision liqidity there again via the app and earn extra with it.
Thanks to Aurus, gold can once again be used as a means of payment because transactions between them on the Polygon network are virtually free. One tGold is equivalent to a gram of gold and can be used to store value and as a means of payment. You do not have to pay with a whole gram of gold, as it is possible to send in much smaller particles with the mobile app.
The revenue model for Aurus is not in selling or storing precious metals, but the transactions facilitated by the polygon and ether blockchain around it and the proprietary ecosystem token AX that is central to the project. AX token holders get paid dividends in precious metals by sharing in the transaction costs/profits. In addition, from the Aurus app, you can use your gold and silver for liquidity providing (LP). That is, while the money is on your wallet you can make more money by putting it into pools to provide liquidity.
Keep following us for more updates on Aurus and read the whitepaper.
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