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.

Aurus to Disrupt the Precious Metals Industry

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.

Building a Decentralised Precious Metals Ecosystem

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 Bigger Picture

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.

Aurus: A Push for Tokenization of Precious Metals

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.

Understanding Aurus’ Vision

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.

The Aurus Eco-system

How Does The Ecosystem Achieve Its Goals?

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.

Extending the Focus into Silver

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.

What is AurusCOIN?

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 Tokenomics

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.

Intro Img

Characteristics of AWX

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.

Utility Token Characteristics

  • A centralized party, Aurus, is responsible for creating and issuing AWX via token sales
  • AWX serves as a fundraising mechanism for Aurus but issues holders with rights different from the business
  • Firms and consumers looking to invest in crypto assets can hold AWX for this purpose

Exchange Token Characteristics

  • AWX has an intrinsic value, which allows it to be traded or used as a means of exchange
  • AWX is not restricted to a specified online/digital platform
  • It is linked to another crypto asset, AWG, which helps with volatility
  • AWX trading could take place without intermediaries (P2P)

The Relationship Between AWX and AWG

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.

AWX’s Potential

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.

How and Where to Buy Aurus Silver (AWS)?

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)…

SIGN UP ON BINANCE

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

https://www.binance.com
 ☞ https://www.bittrex.com
 ☞ https://www.poloniex.com
 ☞ https://www.bitfinex.com
 ☞ https://www.huobi.com

Find more information AWS

WebsiteExplorerExplorer 2WhitepaperSocial ChannelSocial Channel 2Social Channel 3Message BoardMessage Board 2Coinmarketcap

🔺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.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #aws #aurus silver

What is GEEK

Buddha Community

What is Aurus Silver (AWS) | What is Aurus Silver token | What is AWS token

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.

Aurus to Disrupt the Precious Metals Industry

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.

Building a Decentralised Precious Metals Ecosystem

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 Bigger Picture

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.

Aurus: A Push for Tokenization of Precious Metals

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.

Understanding Aurus’ Vision

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.

The Aurus Eco-system

How Does The Ecosystem Achieve Its Goals?

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.

Extending the Focus into Silver

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.

What is AurusCOIN?

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 Tokenomics

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.

Intro Img

Characteristics of AWX

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.

Utility Token Characteristics

  • A centralized party, Aurus, is responsible for creating and issuing AWX via token sales
  • AWX serves as a fundraising mechanism for Aurus but issues holders with rights different from the business
  • Firms and consumers looking to invest in crypto assets can hold AWX for this purpose

Exchange Token Characteristics

  • AWX has an intrinsic value, which allows it to be traded or used as a means of exchange
  • AWX is not restricted to a specified online/digital platform
  • It is linked to another crypto asset, AWG, which helps with volatility
  • AWX trading could take place without intermediaries (P2P)

The Relationship Between AWX and AWG

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.

AWX’s Potential

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.

How and Where to Buy Aurus Silver (AWS)?

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)…

SIGN UP ON BINANCE

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

https://www.binance.com
 ☞ https://www.bittrex.com
 ☞ https://www.poloniex.com
 ☞ https://www.bitfinex.com
 ☞ https://www.huobi.com

Find more information AWS

WebsiteExplorerExplorer 2WhitepaperSocial ChannelSocial Channel 2Social Channel 3Message BoardMessage Board 2Coinmarketcap

🔺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.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #aws #aurus silver

Seamus  Quitzon

Seamus Quitzon

1601341562

AWS Cost Allocation Tags and Cost Reduction

Bob had just arrived in the office for his first day of work as the newly hired chief technical officer when he was called into a conference room by the president, Martha, who immediately introduced him to the head of accounting, Amanda. They exchanged pleasantries, and then Martha got right down to business:

“Bob, we have several teams here developing software applications on Amazon and our bill is very high. We think it’s unnecessarily high, and we’d like you to look into it and bring it under control.”

Martha placed a screenshot of the Amazon Web Services (AWS) billing report on the table and pointed to it.

“This is a problem for us: We don’t know what we’re spending this money on, and we need to see more detail.”

Amanda chimed in, “Bob, look, we have financial dimensions that we use for reporting purposes, and I can provide you with some guidance regarding some information we’d really like to see such that the reports that are ultimately produced mirror these dimensions — if you can do this, it would really help us internally.”

“Bob, we can’t stress how important this is right now. These projects are becoming very expensive for our business,” Martha reiterated.

“How many projects do we have?” Bob inquired.

“We have four projects in total: two in the aviation division and two in the energy division. If it matters, the aviation division has 75 developers and the energy division has 25 developers,” the CEO responded.

Bob understood the problem and responded, “I’ll see what I can do and have some ideas. I might not be able to give you retrospective insight, but going forward, we should be able to get a better idea of what’s going on and start to bring the cost down.”

The meeting ended with Bob heading to find his desk. Cost allocation tags should help us, he thought to himself as he looked for someone who might know where his office is.

#aws #aws cloud #node js #cost optimization #aws cli #well architected framework #aws cost report #cost control #aws cost #aws tags

Hire AWS Developer

Looking to Hire Professional AWS Developers?

The technology inventions have demanded all businesses to use and manage cloud-based computing services and Amazon is dominating the cloud computing services provider in the world.

Hire AWS Developer from HourlyDeveloper.io & Get the best amazon web services development. Take your business to excellence with our best AWS developer that will serve you the benefit of different cloud computing tools.

Consult with experts: https://bit.ly/2CWJgHyAWS Development services

#hire aws developer #aws developers #aws development company #aws development services #aws development #aws

Christa  Stehr

Christa Stehr

1598408880

How To Unite AWS KMS with Serverless Application Model (SAM)

The Basics

AWS KMS is a Key Management Service that let you create Cryptographic keys that you can use to encrypt and decrypt data and also other keys. You can read more about it here.

Important points about Keys

Please note that the customer master keys(CMK) generated can only be used to encrypt small amount of data like passwords, RSA key. You can use AWS KMS CMKs to generate, encrypt, and decrypt data keys. However, AWS KMS does not store, manage, or track your data keys, or perform cryptographic operations with data keys.

You must use and manage data keys outside of AWS KMS. KMS API uses AWS KMS CMK in the encryption operations and they cannot accept more than 4 KB (4096 bytes) of data. To encrypt application data, use the server-side encryption features of an AWS service, or a client-side encryption library, such as the AWS Encryption SDK or the Amazon S3 encryption client.

Scenario

We want to create signup and login forms for a website.

Passwords should be encrypted and stored in DynamoDB database.

What do we need?

  1. KMS key to encrypt and decrypt data
  2. DynamoDB table to store password.
  3. Lambda functions & APIs to process Login and Sign up forms.
  4. Sign up/ Login forms in HTML.

Lets Implement it as Serverless Application Model (SAM)!

Lets first create the Key that we will use to encrypt and decrypt password.

KmsKey:
    Type: AWS::KMS::Key
    Properties: 
      Description: CMK for encrypting and decrypting
      KeyPolicy:
        Version: '2012-10-17'
        Id: key-default-1
        Statement:
        - Sid: Enable IAM User Permissions
          Effect: Allow
          Principal:
            AWS: !Sub arn:aws:iam::${AWS::AccountId}:root
          Action: kms:*
          Resource: '*'
        - Sid: Allow administration of the key
          Effect: Allow
          Principal:
            AWS: !Sub arn:aws:iam::${AWS::AccountId}:user/${KeyAdmin}
          Action:
          - kms:Create*
          - kms:Describe*
          - kms:Enable*
          - kms:List*
          - kms:Put*
          - kms:Update*
          - kms:Revoke*
          - kms:Disable*
          - kms:Get*
          - kms:Delete*
          - kms:ScheduleKeyDeletion
          - kms:CancelKeyDeletion
          Resource: '*'
        - Sid: Allow use of the key
          Effect: Allow
          Principal:
            AWS: !Sub arn:aws:iam::${AWS::AccountId}:user/${KeyUser}
          Action:
          - kms:DescribeKey
          - kms:Encrypt
          - kms:Decrypt
          - kms:ReEncrypt*
          - kms:GenerateDataKey
          - kms:GenerateDataKeyWithoutPlaintext
          Resource: '*'

The important thing in above snippet is the KeyPolicy. KMS requires a Key Administrator and Key User. As a best practice your Key Administrator and Key User should be 2 separate user in your Organisation. We are allowing all permissions to the root users.

So if your key Administrator leaves the organisation, the root user will be able to delete this key. As you can see **KeyAdmin **can manage the key but not use it and KeyUser can only use the key. ${KeyAdmin} and **${KeyUser} **are parameters in the SAM template.

You would be asked to provide values for these parameters during SAM Deploy.

#aws #serverless #aws-sam #aws-key-management-service #aws-certification #aws-api-gateway #tutorial-for-beginners #aws-blogs

Ananya Gupta

Ananya Gupta

1605514048

How AWS Skills Can Boost Your Career in The IT Industry?

For those that wish to create a promising career within the IT industry, pursuing AWS training is often the simplest option where you’ll develop and validate your cloud skills and learn the simplest of cloud computing technology. Amazon’s cloud platform i.e. Amazon Web Services is one of the highly preferred cloud computing services that provide easy and innovative cloud computing solutions.

The fast facts about the AWS Certification Course reveal that the potential expected marketplace for AWS Solution Architects will grow by $ 307.7 million by the year 2025. Moreover, the demand for AWS certified professionals has grown by 76% within the last two years. consistent with online employment portals like indeed.com, in developed countries just like the US, the entire vacant job profiles for AWS certified IT professionals is around 9728. Does one still need more facts that reflect the importance of AWS training program for a booming career within the IT sector?

Career Opportunities Offered by AWS

Learning the AWS certified training courses can open up engaging career prospects for you during a sort of cloud computing services. Amazon Web Services offers you a chance to find out from 70 diverse courses that affect memory, Networking, Analytics, Management, Database, Internet of Things, Developer tools, and Application services. Around 380000 cloud computing jobs are still vacant in search of qualified and trained AWS professionals.

Thus, AWS training can assist you to discover the brightest job prospects within the IT sector. The greater specialization in adopting technologically focused processes with the help of cloud-based services proves to be a big reason why pursuing AWS training is often the foremost optimum career decision for IT professionals.

AWS Training Can Fulfill Your Major Career Goals

The AWS certified courses and training can assist you to achieve the specified excellence and professionalism in your career. Being trained in AWS can allow you to experience multiple benefits within the sort of a pay hike and grab extra attention from the employer as they appear for professionals who possess the foremost advanced and updated knowledge within the field of cloud computing. The AWS training empowers you by imparting knowledge about the various fields of cloud computing through a comprehensive practice-based approach.

Additionally, to the present, it’s been observed that your chances of employment rise manifold once you complete the training and authorized courses from recognized AWS Training Program in Noida. Thus, you’ll apply for a spread of job profiles that cloud computing offers. Further, the marvelous outcomes are possible only you spend significant money and time for earning the AWS certification which may end up being a life-changing opportunity for you.Learn here more Aws Certification Types: Choose The Right For You

A final upshot

Pursuing AWS certification courses and training provides the simplest career opportunities for those that want to form a successful career within the IT sector. You’ll move ahead for splendid and memorable career growth within the AWS cloud-based services. Further, this will be fruitful for the enterprises and business owners also, because it can help within the effective storage of knowledge through cloud-based services which may help within the efficient running of the complex business process.

Moreover, cloud computing solutions are the necessity of the hour as they’re loaded with features that provide reduced cost and enhanced efficiency as compared to the normal in-house services. Therefore, IT professionals trained in AWS are highly demanded as they will take the organization to a replacement height through better data management.

#aws #aws online training #aws online course #aws course #aws training #aws training in noida