What is Matching Ledger?

What is Matching Ledger?

August 3, 2021By
The Matching Ledger is publicly available at all times allowing anyone to verify the integrity of the system by proving that no token was created without having first proven the assets. The Matching Ledger therefore ensures that the number of tokens outstanding balances with the correspondent assets 1:1.
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Does AgAu use KYC and AML processes?

August 3, 2021By
Yes, AgAu intends to use KYC and AML processes for all counterparties directly involved with the Company
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What is KYC and AML processes?

August 3, 2021By
KYC is a more specific term that refers to the verification of customer identities before permitting a transaction to take place. AML refers to a wider set of measures designed to prevent money laundering, terrorist financing, and criminal financing.
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What is Smart Contract?

August 3, 2021By
Smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.  
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What is Ethereum?

August 3, 2021By
Ethereum is a decentralized, open-source blockchain with smart contract functionality. It is home to digital money, global payments, and applications.
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Why is AgAu using blockchain?

August 3, 2021By
Because AgAu is developed as an Ethereum-based ERC-20 token. It gives it a portability across the Ethereum blockchain’s extensive network of wallets, exchanges, lenders and other platforms. AgAu gold and silver tokens solve the challenges of today’s monetary system by allowing secure and portable access to gold for all.
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What is blockchain technology?

August 3, 2021By
Blockchain is a type of Distributed Ledger Technology (DLT) in which transactions are recorded with an immutable cryptographic identifier called a hash. It is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions duplicated...
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What is AgAu backed by?

July 29, 2021By
AgAu tokens are backed by 1 gram of physical and allocated gold (Au) for AGLD and 1 gram of silver (Ag) for ASLV.
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July 5, 2021By
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What is AgAu?

May 27, 2021By
AgAu is a Peer-to-Peer, Electronic Money System backed by Silver (Ag) and Gold (Au) in Switzerland” AgAu is the digital representation of inspected, audited and allocated London Bullion Market Association (LBMA) Good Delivery standard Gold and Silver bars stored in secured private vaulting facilities in Switzerland.
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