Dear CBX Customers,
We are delighted to announce the exclusive listing of AWG on CBX!
CBX will partner with Aurus, for the launch of its Gold-backed Token AWG.
The details are as follows:
- AWG deposit will be available on 25th May at 06:00 (BST)
- AWG withdrawal will be available on 25th May at 06:00 (BST)
- AWG/USDT trading pair will be available on 25th May at 06:00 (BST)
AurusGOLD (AWG) is a semi-decentralized gold-backed cryptocurrency that is independently minted by esteemed gold providers and traders from the traditional gold market.
Each AWG token is backed by 1 gram of 99.99% LBMA-approved gold, stored in professional, fully insured and audited vaulting facilities around the world. The platform employs a smart contract to audit the supply of gold and uses ERC-721 to track the gold bars, making each AWG token traceable to a single gold bar. AWG tokens represent 100% ownership and can be redeemed for physical gold at any time.
Aurus Technologies, the company behind AWG offers a tokenization solution to the traditional gold market. Aurus’ blockchain protocol interacts with a network of gold providers and vaults that work in synergy to autonomously tokenize physical gold bullions into AurusGOLD.
The system enables traditional gold-market participants across the globe to mint and distribute AWG independently, without Aurus ever having access to underlying gold reserves. AWG holders do not need to rely on a single source of gold or a centralized entity. Users don’t need to trust Aurus to trust AWG.
The vision of Aurus is to make gold as easy as money, and via AWG the firm is setting out to bring stability to volatile financial markets and ultimately, a sustainable/reliable alternative to mainstream payment methods.
Official Website: Aurus.io
White Paper / Documentation: https://aurus.io/Aurus_Whitepaper_V3.1.pdf
Guido Van Stijn, CEO of Aurus: “Launching with CBX which partners have a strong backing in the commodity industry made the most sense for Aurus. There's mutual knowledge on the product and the innovations we want to deliver to the industry.”
Meng Chan Shu, CEO of CBX: “After carefully evaluating different commodity-based tokens, we are delighted to partner with AurusGOLD to launch AWG to the community! Now it will be as easy as ever for traders and users to have exposure to Gold without leaving the Blockchain ecosystem.”
For further information please contact:
Thank you for your support.