The Peer to Peer Electronic Money System
Why Agau?
AgAu represents the direct ownership of silver and gold bullion allocated in Switzerland. We aim to be the easiest way to transact redeemable physical LBMA quality precious metals. FINMA (Swiss Financial Market Supervisory Authority) classified AgAu tokens as a payment token recognizing that it is an asset but not a security as of June, 2020.
Over millennials, gold has been proven to be the best store of value, medium over exchange and international unit of account. Since 1971, the fiat banking system had exacerbated the instability of the financial system. We believe that gold and silver are a superior form of money. For those who believe the same AgAu wants to provide with a true alternative to fiat currencies.
The principle of voluntaryism is core to the free trade of ideals, goods and services. AgAu offers a direct way to do so eliminating financial intermediaries. AgAu tokens allow for permission-less, decentralised, peer-to-peer transactions.
Over millennials, gold has been proven to be the best store of value, medium over exchange and international unit of account. Since 1971, the fiat banking system had exacerbated the instability of the financial system. We believe that gold and silver are a superior form of money. For those who believe the same AgAu wants to provide with a true alternative to fiat currencies.
AgAu believes in the fundamental human right of property. We believe that every human has an alienable right to own their thoughts, their own bodies and other private property. This is why we offer Direct Ownership. Each token represents the direct property of 1 gram of precious metal. 1 gram of gold for AGLD (₳u) and 1gram of Silver for ASLV (₳g). At any time, AgAu token holders can choose to redeem their tokens for the corresponding precious metal in Switzerland.
“In the spirit of the initial Blockchain community, we created AgAu the Peer-to-Peer, Electronic Money System backed by Silver (Ag) and Gold (Au) in Switzerland”
“In the spirit of the initial Blockchain community, we created AgAu the Peer-to-Peer, Electronic Money System backed by Silver (Ag) and Gold (Au) in Switzerland”
AgAu offers only tokens backed 100% by physical and allocated bullion. It is estimated that around 95% of the gold market traded in the financial system is unallocated gold. Buying unallocated gold or silver turns the buyer into a creditor, i.e. the Financial Institution owes the customer the precious metals which he does not own.
AgAu uses the Ethereum Blockchain which is the most popular and decentralised Blockchain with the largest ecosystem. This serves the vision of AgAu to spread as a permision-less global money system, making it the perfect medium of exchange, store of value and unit of account tradable internationally.
AgAu tokens are tradable 24/7, 365 days a year and are not limited to traditional exchanges. AgAu can be exchanged at any time through crypto exchanges, peer to peer (from wallet to wallet) and other venues. AgAu tokens may enjoy more liquidity than other cryptocurrencies due to its stable backing and the possibility for redemption. At first, price discovery will be ensured using traditional pricing references precious metals being one of the most liquid commodities.
AgAu’s token holder is the direct owner of the underlying physical bullion stored in secure private vaults. Tokens can be redeemed at any time against the associated allocated precious metal or can be exchanged against fiat currencies.
Blockchain technology ensures cryptographic security. Transactions are verified in a matter of seconds in an immutable ledger providing full transparency and security to all participants. AgAu is a secure, flexible and cost effective way to utilise gold and silver as payment and as an asset. You can use it however you want.
The blockchain allows a relatively anonymous ownership. While all blockchain transactions are published and transparent, the ownership of the crypto wallet is theoretically anonymous. This allows to transact in multiple accounts emulating banking secrecy since nothing publicly links the account to the account holder. Only the private key can identify and transact in each account.
Create a tradeable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all. These tokens use a standard coin API so your contract will be automatically compatible with any wallet, other contract or exchange also using this standard. The total amount of tokens in circulation can be set to a simple fixed amount or fluctuate based on any programmed ruleset.
By combining our proprietary smart contracts with blockchain technology and providing these tools to everyone.
Using a blockchain is cryptographically secure – the ledger is distributed across all nodes in the system making hacking near impossible. All of the solidity Ethereum smart contract code used for the token sale and vault account was fully audited by SmartDec, a firm specialized in Smart Contract Security Audit. No single authority has control, the network cannot be distorded or manipulated by a single controlling authority. No middleman.
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