Since Indiegogo paused our campaign (although previously approved), we intend to fully back-up AurumCoin(AU) with pure gold, in the future, when the coin value will reach the destination: 1AU = 1KG/1 OZ (pure gold 24K) using market makers.
We are not related to any new ico based on ethereum.
AurumCoin(AU) is a distributed cryptocurrency, has its own blockchain since 2014 and only 300,000 coins can be mined, so gold backed cryptocurrency is possible.
AurumCoin – One World One Coin
Gold (“Aurum” in Latin) is the base of the economy as we know it today, and furthermore, gold was the measure by which currencies were valued throughout history. AurumCoin was created to unite the world around one coin that combines innovative technology like that of Bitcoin, the global tradability of the dollar, and the consistent, timeless value of gold. AurumCoin poses a legitimate and unaffiliated alternative to existing currencies and intends to provide a stabilizing force in today’s monetary system. This solution’s principles are to be reliable, tradable, and legal. As an international currency, you can pay and receive money easily and safely, anywhere, anytime via any device.
Your Money is Backed Up in Gold
AurumCoin is a modern, cutting-edge digital coin that works according to the gold standard monetary system. This means that each AurumCoin is backed up in solid gold.
Since AurumCoin is backed by gold, it stands out from other currencies. Gold is a natural element with a finite amount and cannot be created out of thin air like the dollar today. Nor is it mere speculation like Bitcoin, which is prone to instability due to lack of inner value. AurumCoin is immune to inflation, and since it is globally unaffiliated, it does not work in the interests of any one single country.
AurumCoin emphasizes limited and minor conversion fees, unlike the exorbitant amounts imposed on the public by banks today. Your participation, and widespread AurumCoin usage, will reduce the need for conversion fees. AurumCoin is the perfect digital currency for online purchases and international transactions, and plans on working with all standard payment systems, such as PayPal, Google Wallet, credit cards, etc.
AurumCoin – A Digital Way to Pay with Gold
When you buy an AurumCoin you actually buy a digital proof for 1 gram of gold stored and insured in professional high-security gold vaults in Zurich, London, New York, Toronto, Singapore, and Hong Kong.
Because AurumCoin is based on the gold standard, it contains built-in mechanisms for market and economic stability. In order to preserve its value, we back up each AurumCoin in 0.75 grams of gold, yet AurumCoin’s par value will always be worth 1 gram of pure gold.
Each AurumCoin is backed by gold, and a series of actual 18ct gold coins will be produced so that you can withdraw your investment like any other currency. Each coin will represent one digital AurumCoin, just like each dollar you withdraw from the ATM represents one digital dollar in your bank account. In the future, you will be able to deposit AurumCoins into your AurumCoin account.
Created by gold, a natural element.
Has internal value because it is backed by gold.
Its gold backing provides it with great economic stability and suitability as a global currency.
The par value is known at any moment as 1 gram of pure gold.
Will have a partial central mechanism operating behind it.
The amount of coins will always match the amount of gold.
Created by mining, therefore wasting valuable time and resources.
Has no internal internal value.
Unstable and prone to wild and unpredictable fluctuations. Therefore, it is speculation rather than currency.
Its worth is determined solely by supply and demand.
Has no central mechanism operating behind it.
The amount of coins has already been determined.
What is AurumCoin and how does it work?
AurumCoin (Aurum = gold in Latin) is a new digital currency backed by gold according to the monetary gold standard system, the method by which the dollar operated in the past. Users will be able to purchase with AurumCoin or convert it to any other currency, via third parties, similar to the way that Bitcoin works. Purchasing and using AurumCoin will be easy, safe, and legal.
What exactly is the gold standard again and why is it important?
The gold standard is the original monetary system whereby currencies were backed up in gold by a certain ratio by the state. Because the amount of gold is finite, it cannot be created out of thin air like the dollar today. President Nixon cancelled the link between the dollar and gold in 1971, an event known as the “Nixon Shock“.
What is digital currency? Is that something like PayPal?
No, PayPal is an online payments system. The majority of the currency in use in today’s economy is digital currency. Printed money is only the face of the money. However, when you say digital currency, most people think of the new, computer-only cryptocurrencies. Bitcoin is one example, although it has no inner value.
Why do we need a new currency?
Why should I use Aurum Coin? I already invest in dollars (or alternatively, my national currency).
AurumCoin will enable you to enjoy the benefits of gold and hold gold in “liquid” form, as an everyday currency. As mentioned before, since 1971, dollars are not connected to gold. That is why regular currency loses value, is prone to fluctuation and causes inflation. If you want to ensure the value of your money, you should also hold AurumCoins as part of your investments.
What do you mean by “liquefying” gold?
With AurumCoin, you will be able to pay any amount no matter how precise, such as 0.88$ or 5.99€. This is called “paying with a fraction of gold”.
Why is AurumCoin backed by a ratio of 0.75: 1 and not 1: 1?
Since AurumCoin is intended to be a daily currency and not a speculative investment, AurumCoin will not have volatility beyond that of gold’s. In this way the currency rate is known to everyone, anywhere, at anytime. Pricing and purchasing with AurumCoin will be carried out easily.
If AurumCoin determines a ratio of 1: 1, we are forced to charge a fee beyond the value of the currency, but this defeats the idea of AurumCoin. The plan is that the system will keep your investment at its value as 1: 1 currency, worth its weight in gold.
Who is the team behind this project?
AurumCoin was created by a veteran team of economists and technology experts with the intent on leading to positive global change.
We are obligated to operate legally and therefore we cannot reveal ourselves at this point. The operation will be located in a country that allows this project to operate completely legally.
What happens if the project fails?
Since the currency has internal value due to the gold standard it can’t “collapse”. The physical gold that backs up AurumCoin will be owned solely by the customers. It is illegal by any additional parties to use it. In the worst case, the backing gold will be sold, and the money returned to the customers, each according to his purchases.
In which countries will people use Aurum Coin?
AurumCoin is about inspiring you and preserving the value of your money. With your help, we can bring gold back as a worldwide currency.
How do I purchase an AurumCoin?
You can buy aurumcoins from either exchanges, or directly from other people via marketplaces.
The market needs a trustworthy and legitimate currency that can lead to positive change. As a gold-backed currency with inner value, AurumCoin poses an international and unaffiliated alternative to existing currency and to the monetary regime. The result of careful planning and preparation, AurumCoin is designed to be reliable and tradable. AurumCoin is committed to ensuring that all operations – such as customer service and the currency management mechanism – will operate under the principles of simplicity, transparency, and fairness. We need your cooperation in spreading the word and supporting AurumCoin. A small investment will go a long way in leading to positive global change!