Aurus Silver (AWS) is a 100% silver-backed token on the Ethereum blockchain that is independently minted by a network of established traders from the traditional precious metals market. Each AWS token is backed by, and redeemable for 1 gram of 99.9% LBMA-accredited silver, held in fully insured and audited vaults. What is Aurus Silver (AWS) | What is Aurus Silver token | What is AWS token
In this article, we'll discuss information about the Aurus Silver project and AWS token
Aurus is embracing the concept of DeFi to disrupt the precious metals industry. The firm has built a truly decentralised platform which allows companies like refineries, distributors and vaults to autonomously tokenise precious metals. The ingenious part of the Aurus system is their revenue-sharing token, AurusDeFi (AWX), which enables holders to earn a share of the platform’s revenues.
Trading app Robinhood positions itself as democratising finance for all. However, the centralised nature of the platform- where one party holds the ultimate decision-making power, is in direct conflict with this mission. Just ask the Redditors of the WallStreetBets community. As they discovered in January, traders have zero control over how the exchange is managed. If they have a problem, their only recourse is to withdraw their funds and switch to another broker (where they’ll probably face similar issues, for the time being anyway).
This incident helps to explain why the concept of decentralised finance- or DeFi as it’s commonly known- has gained so much traction. DeFi removes the need to rely on middlemen and the associated bureaucracy or manipulation which has burdened the traditional financial system for so long. Instead, DeFi relies on smart contracts, programmes that automatically execute the terms of an agreement, on blockchains to complete transactions. Smart contracts allow markets such as brokerages and exchanges to operate unhindered 24 hours a day, seven days a week, 365 days a year. The technology is still at a nascent stage, but the projects leveraging it are building a faster, more transparent and more accessible financial system for all.
is embracing the concept of DeFi to disrupt the precious metals industry. The firm has built a truly decentralised platform which allows companies like refineries, distributors and vaults to autonomously tokenise precious metals. The ingenious part of the Aurus system is their revenue-sharing token, AurusDeFi (AWX) , which enables holders to earn a share of the platform’s revenues. But to understand the tokenomics behind AurusDeFi, you need to take a deeper dive into how the ecosystem works.
As well as making precious metals more accessible to retail investors, Aurus also removes the single point of failure risk associated with centralised systems. The firm is building a global ecosystem made up of precious metals refineries, vaults and brokers that work together to mint their own tokens. In the case of AurusGOLD (AWG) , each token is backed by one gram of 99.99% LBMA-accredited gold and held in fully insured and audited vaults around the world. It’s worth noting that Aurus, as a technology provider, is not involved in the minting process and therefore has no influence on the gold traded or vaulted.
UK-based, Direct Bullion, became the first precious metals dealer to join the Aurus ecosystem, tokenising 5 kilograms of the yellow metal in 2019. The firm has since added AurusGOLD to its offerings as a more convenient and liquid form of gold ownership.
The incentives for industry partners to participate in the ecosystem comes from the platform’s revenue-sharing mechanism. Gold providers and vaulting partners receive an equal share of 50% (25% each) of the minting, transactional and storage fees generated from the usage of AurusGOLD. The other 50% is proportionally distributed among holders of a revenue-sharing token called AurusDeFi. This unique business model enables the ecosystem to be highly scalable and entirely self-sustaining.
AurusDeFi has a limited total supply of 30 million tokens and represents a stake in the Aurus ecosystem by providing its holders with a passive income stream, paid in AurusGOLD. As the ecosystem grows, so do the generated revenues. To put this opportunity in context, bitcoin hit the headlines recently when it reached a market cap of US$1 trillion for the first time. In contrast, the total value of the global gold supply is estimated to be more than ten times bigger .
Aurus completed their final fundraising round in February of this year- raising three times the expected capital- and the next step is to list the tokens on and . Launched in London in 2013, CEX.IO is one of the most well-established crypto exchanges with over four million users globally, while Biki has more than two million users in Asia. These partnerships represent a huge milestone for Aurus as both exchanges offer deposits and withdrawals in fiat, as well as other staking and interest-yielding products for both retail and institutional clients.
The vision for Aurus is to build an open, highly scalable ecosystem that the entire precious metals industry can benefit from, whilst at the same time making it simple for anyone to invest and transact with precious metals. With that in mind, the firm recently launched a new token for another asset class targeted by the traders of WallStreetBets. AurusSILVER (AWS) offers the same benefits as AurusGOLD, such as easy access to the US$1.5 trillion market for the metal, and each token is backed by one gram of LBMA-accredited silver.
Aurus’ ambitions don’t end there. With AurusPLATINUM (AWP), Aurus is set to become one of the earliest platforms to tokenise platinum. While not as high profile a precious metal like gold and silver, this is a groundbreaking event for retail traders as currently, one of the only ways they can digitally acquire platinum is through an ETF on the South African stock exchange.
The launch of AWS and AWP will make AWX even more valuable, as holders of AWX will benefit from 30% of the revenue they generate. Aurus is planning to list both tokens on CEX.IO in the coming months.
Aurus is also pleased to announce the addition of new industry partners to the platform. has already been so high that Aurica ran out of stock, and had to tokenise more gold on several occasions. The firm also recently started selling AurusSILVER and plans to expand operations to other Latin American countries too. Elsewhere, the firm will be onboarding an international bullion trading company from Turkey along with one of the largest precious metals brokers in Singapore called Aurica Metales is the oldest and largest precious metals broker in Chile. Demand for AurusGOLD Indigo Precious Metals (IPM). The Turkish trader was founded over 25 years ago and counts central banks and government agencies among its clients, while IPM is run by leading metals experts and will be the first partner to issue AurusPLATINUM.
Tokenization is not a new idea in the digital world, as several solutions already exist in this sphere. Aurus enters the market as a new player striving to create a decentralized system for tokenizing assets such as gold and other precious metals. The platform allows reputable industry players including refineries and brokers to independently mint their own tokens, backed 1:1 with physically allocated gold or silver. In tokenized form, metals allow for much more efficient undertakings in the market, such as direct ownership and instant settlement.
Aurus distinguishes itself by joining gold & silver providers, vaults, and distributors under one ecosystem to establish a decentralized network of trust. Industry players are encouraged to participate by receiving a portion of the revenues generated within the ecosystem. Aurus aims to modernize so-called ‘paper-assets’ by providing users access to actual ownership of the underlying assets, for example, where each AurusGOLD (AWG) token represents ownership of one gram of gold sourced from LBMA-accredited refineries.
Considering the nature of demand for precious metals, it is common for the physical markets to dry up in times of turmoil. In turn, the paper-based commodity markets are ruling the space, creating a huge disadvantage to retail investors. Aurus hopes to offer investors a reliable alternative through a transparent platform that is immune to control or manipulation by a centralized government, thereby adhering to the decentralized nature of blockchain technology.
The platform’s second objective is to increase the liquidity and stability of the precious metals market. The Aurus platform’s tokens, stand as a hedge against volatility whilst facilitating instantaneous transactions on a global scale. Furthermore, it aims to eliminate barriers in payment systems bringing cheap, speedy, and cross-border payment solutions.
To expand its reach, Aurus has its focus on Europe, Africa, South America and the Middle East, whilst planning for later expansions to other regions too.
For Aurus to deliver on its promise to users, it has developed various products and services that help to facilitate and simplify the usability and exchange of the tokens within the ecosystem.
First is the AurusGOLD (AWG) token, an ERC-20 token that is divisible into 18 decimal places to enable transactions as small as a cup of coffee. It includes all of the proven benefits of gold as a stable store of value, and combines this with the transactional efficiencies and security of cryptocurrencies. To ensure a high level of trust is achieved throughout the network, Aurus employs a smart contract that conducts regular audits on the gold supplies supported by an ERC-721 token to accurately track the gold inventories vaulted around the world.
Second is the AurusDeFi (AWX) token, a revenue sharing token that allows participants to invest in the success of the overall Aurus network. AWX has a limited supply of only 30,000,000 tokens. AWX holders receive a portion of the vaulting and transaction fees generated from all the tokens in the ecosystem, while the remaining revenue is divided equally between providers and vaulting partners. This creates a great long-term revenue stream for AWX holders, regardless of market conditions.
Last but not least is the AurusGOLD card and the Aurus App. The card is a cold wallet that allows participants to safely store and transfer their Aurus tokens. It is linked to the Aurus App to present a straightforward and safe way to interact with their tokens. Aurus is currently developing the ability for users to easily accumulate Aurus’ tokens directly in-app and linked to a variety of currency pairs.
The recent Reddit-Wall Street furore presented a unique opportunity for Aurus to provide new and existing silver enthusiasts with a more reliable alternative, with the launch of their new offering AurusSILVER (AWS).
UK-based gold broker, Direct Bullion was the first entity to tokenize silver on the Aurus platform, minting 200 ounces of silver on the protocol — see audit reports.
As such, Aurus targets easy access to direct silver ownership without the manipulation of paper markets, which currently overshadow the precious metals market. One AWS token represents 1 gram of LBMA-accredited silver. Aurus also plans to present a new fee system to support its current move into silver. Now, all AWX holders will not only earn from the AWG network, but will also earn from the fees accumulated from AWS transactions too.
The platform is also working towards listing AWS on WhiteBit and its new exchange, CEX.io in the near future. The token will also be directly linked to the Aurus App to facilitate instantaneous and fluid transactions of silver globally.
Aurus’ core token is AurusGOLD (AWG), a gold-backed token that is minted by the gold industry using the company’s blockchain protocol. Each token is fully backed by, and redeemable for 1 gram of LBMA-accredited Good Delivery gold. However, the ecosystem circulates a second coin, AurusCOIN (AWX).
AWX is the platform’s revenue-sharing token that works quite similarly to how company stocks do. The primary difference between the token and stocks is that the latter represent part ownership in a company, while AWX represents a stake in the Aurus ecosystem.
Company shareholders are usually entitled to some dividends, depending on the number of stocks they own. Similarly, AWX holders receive a portion of the revenue generated from the usage of AWG, paid in AWG. It’s essentially a passive revenue stream in gold.
AWX has its maximum supply fixed at 30,000,000. As more users in the ecosystem complete their transactions in AWG, 70% of the generated revenue is distributed equally across AurusCOIN holders. Besides the transactional fees, the revenue also comes from the tokenization and storage fees.
Minters are charged a 0.5% fee for minting new AWG, and storage fees are set at 1% p.a for non-KYCed and 0.15% for KYCed wallets.
Most people may be confused by the existence of two totally different tokens in the Aurus ecosystem. Is AWX similar to AWG? If not, where does the difference lie? And what’s AWX’s purpose in the ecosystem?
Well, for starters, the main difference between AWX and AWG is that AurusCOIN is not backed by an asset or commodity. Additionally, its creation process does not involve any third parties, as is the case with AWG.
AWX is a pre-mined token by Aurus and acts as a fundraising mechanism for the business. It is a tool through which holders get to speculate on the transaction volume of AWG. Aurus will maintain ownership of the token, which will not be distributed in the open market. It will, however, be transferable to third parties, and the transaction information will be made available to the public.
Another critical feature to note is that AWX is not a security token. Premiere Law firm Capital Law classifies Aurus’ tokens as ‘hybrid’ tokens, seeing as it exhibits features of both Exchange and Utility Tokens.
Here’s how AWX compares to Exchange and Utility Tokens.
We’ve already established that AWX is pegged onto AWG. So, how does everything in the Aurus ecosystem work?
There are two key players in the ecosystem; gold providing and vaulting partners. Gold providers allocate gold bullions towards the system that is stored in partnered vaults for tokenization. Together, these entities interact with Aurus’ protocol to independently mint new AWG tokens.
For every AWG transaction, a modest fee is charged to the initiator of the transaction. The accumulated fees are then distributed between the AWX holder, minting partners, and partner vaults. The AWX holders get 70% of the fees equally distributed to them, while the remaining 30% is distributed to minting partners (15% gold providers, 15% vaults) to cater for operational costs. This revenue-sharing mechanism allows the ecosystem to be completely self-sustaining which ensures that investors don’t have to trust Aurus to trust AWG.
Because AWX’s incentives are pegged to AWG transactional fees, holders directly benefit from the increased usage of AWG. When more users in the ecosystem transact in AWG, the generated revenue increases, which increases the amount that AWX holders receive. As such, AWX’s value is likely to increase parallel to the usage of AWG.
AWX, therefore, distributes the transaction fees of AWG, which makes it a hedge against gold’s volatility. Seeing as gold is considered a safe asset and a hedge against everything, AWX presents a unique crypto asset. Ultimately, the relationship between AWX and AWG makes the Aurus ecosystem economically airtight.
We cannot deny the fact that a token that allows you to invest in another, which is backed by gold, is quite lucrative. One of the most useful features is the price stability offered by having AWG peg its value to that of gold.
The potential that AWX holds hasn’t gone unnoticed by crypto enthusiasts. Since the inception of the project, multiple funding rounds have taken place. Just recently, Aurus hosted and finalized a private token sale, successfully distributing a total of 1,000,000 AWX tokens. Aurus will use the money raised from the sale of the AWX to develop the business further.
The future looks promising for AWX. The demand for the service has continued to grow, and partners have made commitments to deliver more gold. Besides, Aurus is currently holding talks with potential partners, including banks, mining operators, and refineries, who all want to join the ecosystem.
AWS has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy AWS token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since AWS is an altcoin we need to transfer our coins to an exchange that AWS can be traded. Below is a list of exchanges that offers to trade AWS in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase AWS from the exchange: https://cex.io/aws-usd
The top exchange for trading in AWS token is currently ..........
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once AWS gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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