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AAX Trends

How to Buy AurusX (AX) Tokens to Earn Gold Rewards

How to Buy AurusX (AX) Tokens to Earn Gold Rewards

Explainers

11 Nov 2022

With inflation riding high these last few years, the search for a way to store one’s wealth has been constant. One of the most common ways to store one’s wealth and preserve one’s funds is through the purchase of gold.

Aurus provides investors and consumers with that opportunity through the offering of tokenized metals such as gold, silver, and platinum. The UK start-up company has facilitated the ordeal users have to go through to own these assets, creating an open precious metals market for everyone. Merging the precious metals market and the future of the financial market in the form of DeFi and Web3 applications, Aurus hopes to provide a comprehensive precious metals markets for their consumers, where users will have access to the best technology, software, and blockchain infrastructure to participate in a decentralized ecosystem where everyone can trade and benefit.

What is AurusGOLD (AWG)?

AurusGOLD (AWG) is a gold-backed cryptocurrency created by Aurus that was later rebranded to tGOLD (tAU). In comparison to other cryptocurrencies like Pax Gold (PAXG), Tether Gold (XAUT), Cache Gold (CGT), and Kinesis which are pegged to gold but utilize a centralized storage system, AurusGOLD boasts of embracing a decentralized structure. The gold-backed token relies on a decentralized bullion infrastructure upheld by a global network of Vault Partners situated in Canada, Zurich, Singapore, Texas, London, and Istanbul.

Per Aurus’ old whitepaper, one AurusGOLD token is backed by 1 gram of gold and exists as an ERC-20 token on the public Ethereum blockchain. AWG was created with the collaboration of gold traders all around the world, with the goal of making the ownership of gold more accessible by eliminating “all prior inefficiencies that gold carried as a physical currency.”

Investors can use AWG to hedge against inflation. As gold has historically been used as a hedge yet is hard to purchase, the Aurus ecosystem provides a solution through tokenized gold minted with blockchain technology.

Currently, AurusGOLD has been rebranded to tGOLD, one of four Aurus ecosystem tokens.

Aurus (AX) Tokenomics

Through the tokenization of gold, silver, and platinum, Aurus provides users with a means to buy tokenized precious metals instantly from their network of official distributors. The company believes that tokenizing precious metals can elevate the value of the precious metals industry, increasing the latter’s accessibility.

To start buying tokenized metals and earn rewards for doing so via AurusX tokens, users just need to follow these 3 simple steps:

  1. Create a wallet
    1. Download the Aurus app and follow the instructions to create a wallet

  2. Copy your wallet address

  3. While in the app, tap on the “Deposit” button and copy the wallet address

  4. Begin buying tokenized metals!
    1. Start buying the token of your choice - tGOLD, tSILVER, or tPLATINUM - from Aurus’ official distributors.

Aurus hopes to elevate the worth of the precious metals industry by accelerating the tokenization of assets through cutting-edge blockchain technology. Working closely with gold, silver, and platinum businesses, it enables users to access tokenized assets while earning rewards in the digital assets and DeFi space.

What Are The Benefits of Owning AurusGOLD (AWG)?

In times of uncertainty and volatility, many hedge against inflation through various investments, such as digital assets, stocks, and more. Hedging and investing in AurusGOLD has its perks. There are many benefits to tGOLD, formerly known as AurusGOLD, such as:

  • preserving and accumulating one’s wealth;

  • it is highly liquid and is backed by gold;

  • an investment alternative to unstable fiat currencies;

  • An investment that enables you to buy, trade, and earn tokenized metals efficiently, safely, and instantly;

  • Grow your portfolio and earn rewards paid out in AurusX.

Aurus’ Ecosystem

Aurus’ ecosystem token, AurusX, enables users to earn rewards in tokenized gold, silver, and platinum. Its supply is limited to a total of 30 million tokens. Currently, 50% of the total AurusX supply is made available to the public.

In addition to its rewards token AurusX, Aurus offers three other tokens dubbed tGOLD (tXAU), tSILVER (tXAG), and tPLATINUM (tXPT). They are backed on a 1:1 ratio to one gram of gold, silver, and platinum respectively. In order to create these tokens, Aurus partnered with trusted bullion dealers all around the world. By buying these ecosystem tokens, users are able to hold tokenized precious metals instantly from various cryptocurrency exchanges.

The ecosystem token AurusX is used to accumulate rewards when users trade in gold, silver, and platinum. When buying any tokenized precious metal on Aurus, users are rewarded with AurusX. The latter can also be staked to earn more rewards in tGOLD, tSILVER, and tPLATINUM. Additionally, as the ecosystem token, AurusX can be used to vote on proposals related to the governance of Aurus.

Aurus: Future Roadmap and Projections

Aurus’ vision is to become a global leader in the precious metals industry, driving innovation in the traditional industry and increasing accessibility to precious metals worldwide. Furthermore, it aims to build a decentralized ecosystem, access new markets, and enable its users to earn a passive stream of rewards. The team also strives to set tokenization standards by ensuring that the distribution process is executed sustainably and efficiently.

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