What Is AurusDeFi (AWX)?
AurusDeFi (AWX) is an Ethereum token limited to a total supply of 30 million that powers the Aurus Ecosystem, a decentralized network of precious metals-backed tokens. AWX can be used to create and vote on proposals governing Aurus and can be staked to earn a portion of transactions fees: 50% from AurusGOLD (AWG), and 30% from AurusSILVER (AWS) and AurusPLATINUM (AWP).
What are the benefits of AurusDeFi?
AurusDeFi (AWX) tokens are scarce and represent a stake in the Aurus ecosystem. With a limited total supply of 30 million tokens, only 50% of AWX is reserved for investors. The more AWX you own, the higher percentage of rewards you receive and voting power you have.
Earn rewards paid in Gold, Silver and Platinum AurusDeFi (AWX) holders receive a share of the fees generated within the Aurus Ecosystem. As people around the world trade Aurus precious metals-backed tokens, a portion of the fees generated are distributed among AWX token holders, paid in gold (AWG), silver (AWS), and platinum (AWP). → Stake AWX and claim rewards via the Aurus Mobile App in Q1 2022
Vote on ecosystem proposals AWX offers its holders rights to governance voting. Community members with a stake in the ecosystem can implement changes by voting on proposals. Have a say as to how the Aurus ecosystem moves forward with AWX. → Create and vote on proposals via the Aurus Mobile App in Q4 2022
Where Can You Buy AurusDeFi?
AurusDeFi can be bought from various Aurus partnered exchanges with multiple fiat and crypto trading pairs available.
Exchanges: QuickSwap (AWX/USDC), CEX.IO (AWX/USD), CEX.IO (AWX/EUR)
The Aurus Ecosystem
The Aurus Ecosystem is a highly scalable, self-sustaining global network of precious metals providers, vaults and distributors (Aurica Precious Metals, Aga Bullion, Direct Bullion, etc.) that interact with the Aurus blockchain platform to independently mint and distribute precious metals-backed tokens globally.
Value proposition and the pain point that Aurus solves:
B2C - Previously, the only way to invest in silver involved buying from a bullion dealer for a premium and paying storage fees, or through an ETF. While ETFs provide price exposure, they do not represent ownership of physically allocated metals and cannot be redeemed. AWS is based on blockchain-based technology, which allows for many contrasting characteristics and makes silver accessible to a wider audience. The technology allows for: 24/7 trading; fiat/crypto exchange listsings; peer-to-peer transfers; instantaneous settlement on all transactions.
B2B - Aurus doesn’t compete, it collaborates with traditional precious metals industry players, providing access to high-tech products, a huge addressable market, and passive revenues. Aurus empowers bullion dealers to offer a new and innovative digital product and execute frictionless instant settlements enabling them to expand into new market geographics and demographics, and access new recurring revenue streams (instead of one-off premiums).
The Aurus Team
Aurus is led by a strong team of commodity and financial industry veterans. See full team here.
Directors:
Guido van Stijn - Managing Director
Mark Gesterkamp - Business Development
Dan Cearnau - Chief Technological Officer
Jonathan Boyd - Global Institutional Markets
Board of Non-executive Advisors:
Tony Dobra - Tony is a 40-year veteran of the precious metals industry. Working as a physical and derivatives trader in London, Frankfurt, Hong Kong and Luxembourg. He was then the Director of UK’s largest gold refinery, Baird & Co. for ten years.
Jason Toussaint - Jason has deep experience in asset management, precious metals, and fintech industries. He was previously CEO of SPDR Gold Shares (GLD), the world’s largest gold ETF, where he led the growth in assets to over $78 billion. He was also Managing Director and Global Head of Investment at the World Gold Council.
Grant Angwin - Grant is a 30+ year precious metals industry veteran, having held senior management positions at Johnson Matthey, including President of the North American gold and silver business. He was President of Asahi Refining and has held various roles at global industry associations, including Chairman of the LBMA.
Rex Johnson - Rex has extensive experience working in the Finance industry holding a number of senior trading and broking positions. He has been involved in multiple cryptocurrency start-ups and was previously a board member of an FCA-regulated physical Gold trading company.