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Aurus Brings the DeFi Revolution to Precious Metals – Sponsored Bitcoin News

Aurus is embracing the idea of DeFi to disrupt the treasured metals business. The agency has constructed a very decentralised platform which permits firms like refineries, distributors and vaults to autonomously tokenise treasured metals. The ingenious a part of the Aurus system is their revenue-sharing token, AurusDeFi (AWX), which permits holders to earn a share of the platform’s revenues.

Aurus to Disrupt the Precious Metals Industry

Trading app Robinhood positions itself as democratising finance for all. However, the centralised nature of the platform- the place one celebration holds the final decision-making energy, is in direct battle with this mission. Just ask the Redditors of the WallStreetBets group. As they found in January, merchants have zero management over how the alternate is managed. If they’ve an issue, their solely recourse is to withdraw their funds and change to one other dealer (the place they’ll in all probability face comparable points, for the time being anyway).

This incident helps to clarify why the idea of decentralised finance- or DeFi because it’s generally known- has gained a lot traction. DeFi removes the want to depend on middlemen and the related paperwork or manipulation which has burdened the conventional monetary system for therefore lengthy. Instead, DeFi depends on good contracts, programmes that routinely execute the phrases of an settlement, on blockchains to full transactions. Smart contracts permit markets reminiscent of brokerages and exchanges to function unhindered 24 hours a day, seven days per week, one year a 12 months. The expertise continues to be at a nascent stage, however the initiatives leveraging it are constructing a quicker, extra clear and extra accessible monetary system for all.

Aurus is embracing the idea of DeFi to disrupt the treasured metals business. The agency has constructed a very decentralised platform which permits firms like refineries, distributors and vaults to autonomously tokenise treasured metals. The ingenious a part of the Aurus system is their revenue-sharing token, AurusDeFi (AWX), which permits holders to earn a share of the platform’s revenues. But to perceive the tokenomics behind AurusDeFi, you want to take a deeper dive into how the ecosystem works.

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Building a Decentralised Precious Metals Ecosystem

As properly as making treasured metals extra accessible to retail buyers, Aurus additionally removes the single level of failure danger related to centralised techniques. The agency is constructing a worldwide ecosystem made up of treasured metals refineries, vaults and brokers that work collectively to mint their very own tokens. In the case of AurusGOLD (AWG), every token is backed by one gram of 99.99% LBMA-accredited gold and held in absolutely insured and audited vaults round the world. It’s price noting that Aurus, as a expertise supplier, will not be concerned in the minting course of and due to this fact has no affect on the gold traded or vaulted.

UK-based, Direct Bullion, grew to become the first treasured metals seller to be a part of the Aurus ecosystem, tokenising 5 kilograms of the yellow steel in 2019. The agency has since added AurusGOLD to their choices as a extra handy and liquid type of gold possession.


The incentives for business companions to take part in the ecosystem comes from the platform’s revenue-sharing mechanism. Gold suppliers and vaulting companions obtain an equal share of fifty% (25% every) of the minting, transactional and storage charges generated from the utilization of AurusGOLD. The different 50% is proportionally distributed amongst holders of a revenue-sharing token known as AurusDeFi. This distinctive enterprise mannequin permits the ecosystem to be extremely scalable and completely self-sustaining.

AurusDeFi has a restricted complete provide of 30 million tokens and represents a stake in the Aurus ecosystem by offering its holders with a passive earnings stream, paid in AurusGOLD. As the ecosystem grows, so do the generated revenues. To put this chance in context, bitcoin hit the headlines just lately when it reached a market cap of US$1 trillion for the first time. In distinction, the complete worth of the world gold provide is estimated to be more than ten times bigger.

Aurus accomplished their closing fundraising spherical in February of this year- elevating 3 times the anticipated capital- and the subsequent step is to record the tokens on CEX.IO and BiKi. Launched in London in 2013, CEX.IO is considered one of the most well-established crypto exchanges with over 4 million customers globally, whereas Biki has greater than two million customers in Asia. These partnerships symbolize an enormous milestone for Aurus as each exchanges provide deposits and withdrawals in fiat, in addition to different staking and curiosity yielding merchandise for each retail and institutional purchasers.

The Bigger Picture

The imaginative and prescient for Aurus is to construct an open, extremely scalable ecosystem which the whole treasured metals business can profit from, while at the identical time making it easy for anybody to make investments and transact with treasured metals. With that in thoughts, the agency just lately launched a brand new token for an additional asset class focused by the merchants of WallStreetBets. AurusSILVER (AWS) presents the identical advantages as AurusGOLD, reminiscent of quick access to the US$1.5 trillion marketplace for the steel, and every token is backed by one gram of LBMA-accredited silver.

Aurus’ ambitions don’t finish there. With AurusPLATINUM (AWP), Aurus is ready to turn out to be considered one of the earliest platforms to tokenise platinum. While not as excessive profile a treasured steel as gold and silver, this can be a groundbreaking occasion for retail merchants as presently, considered one of the solely methods they will digitally purchase platinum is thru an ETF on the South African inventory alternate.

The launch of AWS and AWP will make AWX much more precious, as holders of AWX will profit from 30% of the income they generate. Aurus is planning to record each tokens on CEX.IO in the coming months.

Aurus can also be happy to announce the addition of latest business companions to the platform. Aurica Metales is the oldest and largest treasured metals dealer in Chile. Demand for AurusGOLD has already been so excessive that Aurica ran out of inventory, and had to tokenise extra gold on a number of events. The agency additionally just lately began promoting AurusSILVER and plans to broaden operations to different Latin American nations too. Elsewhere, the agency shall be onboarding a world bullion buying and selling firm from Turkey together with considered one of the largest treasured metals brokers in Singapore known as Indigo Precious Metals (IPM). The Turkish dealer was based over 25 years in the past and counts central banks and authorities companies amongst its purchasers, whereas IPM is run by main metals consultants and shall be the first companion to subject AurusPLATINUM.

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Monetising Metals

As talked about earlier than, Aurus doesn’t become involved in the provide, minting or distribution of the metal- backed tokens. However, they serve a vital function by enabling the secure of Aurus tokens to be used to their full potential: as a medium of alternate, a way of collateral, a yield bearing instrument or simply merely an easy-to-access funding product.

The upcoming itemizing with CEX.IO is an instance of the forms of partnerships that Aurus engages in to add worth for his or her customers. Aurus has additionally just lately partnered with Tangem and Cyclebit to launch its stablecoin-supported level of sale terminals. Holders can load their tokens (AWG, AWS, AWP) onto the Aurus Vault Signer Card, a crypto {hardware} pockets, which is able to quickly permit customers to pay with gold, silver and platinum at retailers throughout the world.


From this angle, the future seems to be golden for Aurus as there’s lots to look ahead to in the coming months – most defi(nitely) a revolution for the treasured metals market.

Aurus tokens out there on CEX.IO right here: AurusGOLD | AurusDeFi

Stay up to date with Aurus: Twitter | Telegram


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